What is the average apartment size in Forest Lake?

The average size for a Forest Lake, MN apartment is 810 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Forest Lake?

As of Feb / 2026, the average rent in Forest Lake is $1,507 per month, a 6.08% increase from last years average of $1,420.

How much does rent cost by apartment size in Forest Lake?

In Forest Lake, studios rent for $1,216 per month, one-bedroom units average $1,406 per month, two-bedrooms cost around $1,572 per month, and three-bedroom apartments rent for about $1,807 per month

What is the average apartment size in Forest Lake?

The typical apartment in Forest Lake offers about 810 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Forest Lake?

Studio apartments in Forest Lake average 466 sq. ft., one-bedrooms offer 642 sq. ft., two-bedrooms are about 935 sq. ft., and three-bedroom apartments average 1,147 sq. ft.

Forest Lake, MN Rental Market Trends

Q: What's the typical rent budget in Forest Lake?

The typical rent budget in Forest Lake ranges from $1,001 to $1,500 per month, with 50% of rentals in this range.

Q: Do most people rent or own in Forest Lake?

In Forest Lake, 28% of households rent while 72% own their homes, based on the latest U.S. Census data.

Last updated: April 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Forest Lake is $1,507, a 6.08% increase compared to the previous year, when the average rent was $1,420.

Studio Apartments at $1,216 offer the most budget-friendly option with 466 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 642 square feet for $1,406, balancing privacy and affordability.

Two-beedroom units at $1,572 offer 935 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,147 sq ft) for $1,807, suitable for larger households.

Average rent in Forest Lake, MN

Last updated: April 06, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,507	810 sq. ft.
Studio	$1,216	466 sq. ft.
1 Bed	$1,406	642 sq. ft.
2 Beds	$1,572	935 sq. ft.
3 Beds	$1,807	1,147 sq. ft.

Forest Lake, MN rent trends

Rental prices in Forest Lake, MN have increased by 6.08% over the past year. The average rent moved from $1,420 to $1,507.

What's the typical rent budget in Forest Lake, MN?

The largest share of rentals in Forest Lake, MN (50%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Forest Lake, MN?

2,295 or 28% of the households in Forest Lake, MN are renter-occupied while 5,856 or 72% are owner-occupied.

How Forest Lake Compares to Other Cities

City	Average Rent
Forest Lake	$1,507
Minneapolis	$1,689
St. Paul	$1,528
Moorhead	$1,078
Rochester	$1,648
St. Louis Park	$1,767
Bloomington	$1,673
Edina	$1,839
St. Cloud	$1,182
Minnetonka	$2,001
Burnsville	$1,551
Coon Rapids	$1,518
Maplewood	$1,459
Brooklyn Park	$1,352
Anoka	$1,378
Brooklyn Center, MN	$1,337
Fridley, MN	$1,453
Roseville, MN	$1,445
Blaine, MN	$1,666
New Brighton, MN	$1,347
Shoreview, MN	$1,715

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Forest Lake apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.