Average Rent in Forest Lake, MN and Rent Price Trends

Rent trends in Forest Lake, MN

Average rent prices in Forest Lake have decreased by 2% over the last month and have decreased by 9% 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 $1,446, whereas a house costs $2,590. 1-bedroom apartments in Forest Lake run $1,275 on average, while 2-bedroom apartments are $1,350.


Studio	$1,395	1%	3%
1 bedroom	$1,275	5%	52%
2 bedroom	$1,350	4%	19%
3 bedroom	$1,620	1%	12%
4 bedroom	$3,000	20%	75%


Apartments	$1,446	2%	1%
Houses	$2,590	14%	No Change
Rooms	$1,092	No Change	-

Studio

Average rent

$1,395

Last 30 days

Last year

1 bedroom

Average rent

$1,275

Last 30 days

Last year

52%

2 bedroom

Average rent

$1,350

Last 30 days

Last year

19%

3 bedroom

Average rent

$1,620

Last 30 days

Last year

12%

4 bedroom

Average rent

$3,000

Last 30 days

20%

Last year

75%

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$1,475

22%

lower than the national median

Median rent price$1,399

26%

lower than the national median

Takeaway

The median rent for all rentals in Forest Lake, MN is 5% higher than the median rent in Andover, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,399

$1,349

$2,397

$1,450

$1,397

$1,250

$2,117

$1,610

$1,295

$1,660

$2,300

$1,650

Discover rentals in Forest Lake, MN

2d ago

8.8

Very good

956 Place Apartments

956 12th St Sw, Forest Lake, MN 55025

2 beds

1 bath

$1,199

2d ago

8.6

Very good

1006 12th Street SW

1006 12th St Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,400

20h ago

8.8

Very good

Northbrook Apartments

957 7th Ave Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,475

20h ago

8.8

Very good

Springwood Apartments

912 4th St Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,536–$1,615

18h ago

8.4

Very good

Legacy Pointe Apartments

290 9th Ave Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,798–$1,799

Stay up to date with rental market insights

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Annual Rent Report

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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 $1,475 per month as of September 12, 2026.

Is rent up or down in Forest Lake?

Average rent prices in Forest Lake have decreased by 2% over the last month and have decreased by 9% since last year.

How does Forest Lake rent compare to the national average?

Rent in Forest Lake is 22% below the national average, which means renters are paying approximately $424 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 $59,000/year, based on spending no more than 30% of your income on rent.

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).