Last updated on August 2, 2026

Average rent in
Forest Lake, MN

Median rent

Median rent in Forest Lake

$1,667/mo

increased by5%

vs previous year

The average rent in Forest Lake is $1,667 per month as of August 2026. This is 14% below the national average rent, or $273 less per month.

$1.66

average price per square foot

Total rentals

Available rentals in Forest Lake

16

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Forest Lake rentals at each price point

60%45%30%15%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Forest Lake, MN

Average rent prices in Forest Lake have decreased by 4% over the last month and have increased by 5% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Forest Lake, MN

Rent prices in Forest Lake vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Forest Lake is $1,629, whereas a house costs $2,695. 1-bedroom apartments in Forest Lake run $1,275 on average, while 2-bedroom apartments are $1,690.

Listings

Studio

$1,420

14%

7%

1 bedroom

$1,461

6%

5%

2 bedroom

$1,690

2%

10%

3 bedroom

$1,750

4%

6%

4 bedroom

$3,595

6%

67%

Studio

Average rent

$1,420

Last 30 days

14%

Last year

7%

1 bedroom

Average rent

$1,461

Last 30 days

6%

Last year

5%

2 bedroom

Average rent

$1,690

Last 30 days

2%

Last year

10%

3 bedroom

Average rent

$1,750

Last 30 days

4%

Last year

6%

4 bedroom

Average rent

$3,595

Last 30 days

6%

Last year

67%

The table above reflects average rent prices in Forest Lake, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Forest Lake, MN compare to other cities?

Compare median rent prices in Forest Lake and Andover by all bedroom counts and property types.

Forest Lake

Median rent price$1,667
decreased by14%

lower than the national median

Median rent price$1,700
decreased by12%

lower than the national median

Takeaway

The median rent for all rentals in Forest Lake, MN is 2% lower than the median rent in Andover, MN.

Discover rentals in Forest Lake, MN

Alpine Apartments - Photo 1 of 1
Rent special

1d ago

8.8

Very good

Alpine Apartments

231 4th Ave Nw, Forest Lake, MN 55025

1–2 beds

1 bath

$1,159–$1,349

Apartment for rent

956 Place Apartments - Photo 1 of 1
Rent special

14h ago

8.8

Very good

956 Place Apartments

956 12th St Sw, Forest Lake, MN 55025

2 beds

1 bath

$1,259–$1,279

Apartment for rent

1006 12th Street SW - Photo 1 of 1

3d ago

8.6

Very good

1006 12th Street SW

1006 12th St Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,495

Apartment for rent

Legacy Pointe Apartments - Photo 1 of 1

2d ago

8.2

Very good

Legacy Pointe Apartments

290 9th Ave Sw, Forest Lake, MN 55025

2–3 beds

1 bath

$1,529–$1,767

Apartment for rent

Stay up to date with rental market insights

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Frequently asked questions for Forest Lake, MN

Quick answers to common questions about the Forest Lake rental market.

How much is rent in Forest Lake?

The average rent in Forest Lake is $1,667 per month as of August 1, 2026.

Is rent up or down in Forest Lake?

Average rent prices in Forest Lake have decreased by 4% over the last month and have increased by 5% since last year.

How does Forest Lake rent compare to the national average?

Rent in Forest Lake is 14% below the national average, which means renters are paying approximately $273 less per month.

What salary do I need to afford rent in Forest Lake?

To comfortably afford rent in Forest Lake, you'd need to earn approximately $67,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Forest Lake?

Based on our current listings, Forest Lake welcomes pet owners with 63% of rentals being pet-friendly. With an average of 54 apartments available monthly, this works out to about 34 pet-welcoming units each month.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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