14

Studio Apartments for Rent in Forest Lake, MN

Section Image
  • /34

    Starting at $1,025 Plus Fees

    • Studio - 2 Beds

    407 11th Ave SW, Forest Lake, MN 55025

    Enjoy your maintenance-free lifestyle while taking in the scenery of the lush wooded courtyards from your private patio or balcony. Spend your summers relaxing around the only outdoor swimming pool in Forest Lake or take a short drive to the lake for boating, fishing or swimming at the public beach. Your possibilities are endless here!Forest Lake, Minnesota, is a beautiful, developing

    Arbor View Apartments

    (651) 538-2637

    407 11th Ave SW, Forest Lake, MN 55025
  • /39

    Starting at $1,235

    Total Monthly Price

    • Studio - 3 Beds

    1081 SW Fourth St, Forest Lake, MN 55025

    Encore is comprised of luxury apartments. It offers studio, one, two, and three-bedroom apartments, each with its own full size washers and dryers. Enjoy the internet cafe, outdoor pool, fitness center, dog run, movie room and more when you call Encore Apartments in Forest Lake home! Residents pay water/sewer, gas, electricity, internet, cable, and $5 per month for trash service.

    Encore Apartments

    (651) 538-2652

    1081 SW Fourth St, Forest Lake, MN 55025

Why Live in Forest Lake

Forest Lake, MN, is a small community located in northwestern Washington County, named after the 2,300-acre lake at its center. Known for its water-oriented lifestyle, Forest Lake offers residents a small-town feel with amenities typically found in larger communities. The area boasts 23 parks and 12 miles of paved bike paths, with Lakeside Park providing beach access, a boat dock, and scenic views. Tower Park features outdoor ice rinks and connects to the Hardwood Creek Regional Trail. The community experiences all four seasons, including hot summers and cold winters with an average of 54 inches of snowfall annually. Forest Lake is home to over 20,000 residents, with top employers like the Forest Lake Public School District. The schools in Forest Lake are highly rated, contributing to the area's appeal for families. The annual Fourth of July Celebration at Lakeside Park is a major event, featuring live music, a parade, and fireworks. Shopping is centered along Broadway Avenue, with name-brand stores like Walmart, Cub Foods, and Aldi, as well as local boutiques and eateries. The city is undergoing redevelopment to expand the downtown area and attract new businesses. Forest Lake is safer than the national average, with lower violent crime rates reported. For commuters, Minneapolis and Saint Paul are less than 30 miles away via Interstate-35, and the Minneapolis-Saint Paul International Airport is 30 miles away. Homes in Forest Lake range from affordable twin-style houses to expansive lakefront estates, reflecting the area's growing market and development.

Frequently Asked Questions

How much does it cost to rent a home in Forest Lake, MN?
The median rent for a home in Forest Lake, MN is $1,775 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Forest Lake, MN?
To comfortably afford the median rent in Forest Lake, MN, a household needs to earn roughly $71,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,775 per month in Forest Lake, MN, renters typically need to show $5,325 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Forest Lake, MN?
In Forest Lake, MN, the price-to-rent ratio is 19.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Forest Lake, MN

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,775
Median Single Family Home Rent
$1,995
Median Townhouse Rent
$2,100
Median Condo Rent
$1,694
How to Rent a Home