Last updated on June 18, 2026

Average rent in
Forest Lake, MN

Median rent

Median rent in Forest Lake

$1,629/mo

increased by7%

vs previous year

The average rent in Forest Lake is $1,629 per month as of June 2026. This is 16% below the national average rent, or $321 less per month.

$1.57

average price per square foot

Total rentals

Available rentals in Forest Lake

17

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Forest Lake rentals at each price point

55%41%28%14%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 1% over the last month and have increased by 7% 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 $1,610, whereas a house costs $2,250. 1-bedroom apartments in Forest Lake run $1,275 on average, while 2-bedroom apartments are $1,731.

Listings

Studio

$2,400

6%

51%

1 bedroom

$1,344

3%

65%

2 bedroom

$1,689

No Change

8%

3 bedroom

$1,800

4%

5%

4 bedroom

$3,350

6%

-

Studio

Average rent

$2,400

Last 30 days

6%

Last year

51%

1 bedroom

Average rent

$1,344

Last 30 days

3%

Last year

65%

2 bedroom

Average rent

$1,689

Last 30 days

No Change

Last year

8%

3 bedroom

Average rent

$1,800

Last 30 days

4%

Last year

5%

4 bedroom

Average rent

$3,350

Last 30 days

6%

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$1,629
decreased by16%

lower than the national median

Median rent price$1,706
decreased by13%

lower than the national median

Takeaway

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

Discover rentals in Forest Lake, MN

956 Place Apartments - Photo 1 of 1

48m ago

8.2

Very good

956 Place Apartments

956 12th St Sw, Forest Lake, MN 55025

1–2 beds

1 bath

$1,125–$1,279

Apartment for rent

Greystone Apartments - Photo 1 of 1

5d+ ago

8.8

Very good

Greystone Apartments

655 12th St Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,584–$1,654

Apartment for rent

Heritage Heights Apartments - Photo 1 of 1

13h ago

8.8

Very good

Heritage Heights Apartments

390 9th Ave Sw, Forest Lake, MN 55025

2–3 beds

1 bath

$1,605–$1,850

Apartment for rent

Springwood Apartments - Photo 1 of 1

16h ago

8.8

Very good

Springwood Apartments

912 4th St Sw, Forest Lake, MN 55025

3 beds

1 bath

$1,610–$1,812

Apartment for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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 $1,629 per month as of June 13, 2026.

Is rent up or down in Forest Lake?

Average rent prices in Forest Lake have decreased by 1% over the last month and have increased by 7% since last year.

How does Forest Lake rent compare to the national average?

Rent in Forest Lake is 16% below the national average, which means renters are paying approximately $321 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 $65,000/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?

The average rent in Forest Lake, MN for a 1-bedroom apartment is $1,417, while a 2-bedroom apartment costs around $1,727.

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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