Rentometer, Inc. | Data as of 02/11/2026
Forest Lake, Minnesota, offers a welcoming blend of small‑city charm and natural beauty, making it a sought‑after destination for renters seeking both convenience and recreation. Nestled alongside the expansive Forest Lake itself, the community benefits from easy access to water sports, scenic trails, and a vibrant downtown area filled with boutique shops, cafés, and local eateries. The city’s proximity to the Twin Cities provides commuters with a manageable drive to major employment hubs while still enjoying the relaxed pace of lakeside living.
The rental market in Forest Lake is anchored by a diverse mix of housing options, from modern apartment complexes to charming single‑family homes. Apartment seekers can choose from studios that typically fall in the $1,200 range, cozy one‑bedroom units commonly priced in the $1,300–$1,400 bracket, spacious two‑bedroom apartments around the $1,600 level, and larger three‑bedroom layouts that approach the $1,800 tier. Many of these rentals feature updated interiors, on‑site amenities such as fitness centers and community lounges, and convenient parking options, catering to a variety of lifestyle needs.
Beyond the walls of any rental, Forest Lake’s appeal is amplified by its well‑maintained parks, popular fishing spots, and a calendar of community events that foster a tight‑knit atmosphere. Neighborhoods like the historic Oak Grove and the newer Lakeshore development each bring distinct character, while schools, medical facilities, and shopping centers are easily reachable. Whether you’re a young professional, a growing family, or a retiree looking for serene surroundings, Forest Lake delivers a balanced rental experience that blends affordability, quality of life, and the natural allure of Minnesota’s great outdoors.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,185 | $1,195 | $995 - $1,430 | $1,065 - $1,240 |
| Apartment | 1 Bedroom | $1,358 | $1,250 | $1,099 - $1,695 | $1,165 - $1,575 |
| Apartment | 2 Bedroom | $1,661 | $1,741 | $1,225 - $2,397 | $1,350 - $1,911 |
| Apartment | 3 Bedroom | $1,859 | $1,757 | $1,395 - $2,500 | $1,575 - $1,995 |
In the current period, the average rent in Forest Lake was $1,185 for Studio, $1,359 for 1 Bedroom, $1,662 for 2 Bedroom, and $1,860 for 3 Bedroom.
Data provided by Rentometer, Inc.