Rental market snapshot for Forest Lake, Minnesota

Forest Lake, Minnesota Rental Property Market Overview

Forest Lake, Minnesota is a small city located in Washington County with a population of 20,608 as of 2021, according to the US Census. It is a vibrant community with a variety of activities and attractions, including a lake, parks, trails, and a historic downtown. The city is home to a variety of businesses, restaurants, and shops, making it a great place to live, work, and play.

The average rent for an apartment in Forest Lake is $1,615. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Forest Lake Minnesota | Cost of Living

  • The most expensive ZIP code in Forest Lake is 55025 with an average price of $1,573.
  • The cheapest ZIP code in Forest Lake is 55025 with an average price of $1,573.

Forest Lake ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155025$1,573

Live near Forest Lake, Minnesota's Top Sights and Attractions

Lakeside Park is a beautiful outdoor destination located on the shores of a large lake. Visitors can enjoy a variety of activities, such as fishing, boating, swimming, and picnicking. There are also several walking trails, playgrounds, and a beach area. The park also features a variety of wildlife, including birds, deer, and other animals. In addition, there are several pavilions and picnic shelters available for rent.

Beltz Park is a large park located in a small town in Minnesota. It features a variety of outdoor activities, including a playground, picnic areas, walking trails, and a fishing pond. The park also has a large open field, perfect for playing sports or having a picnic. There are also several shelters and pavilions available for rent, making it a great spot for family gatherings or special events.

Cedar Park is a beautiful outdoor area located in Forest Lake, Minnesota. It features a large lake surrounded by lush green trees and grassy areas, perfect for picnics and outdoor activities. There are plenty of trails for hiking, biking, and horseback riding, as well as a playground and a beach area for swimming. The park also has a boat launch and fishing pier, making it a great spot for anglers. With its peaceful atmosphere and stunning natural beauty, Cedar Park is the perfect place to relax and enjoy nature.

Tower Park is a scenic park located on the shores of a large lake. It features a large observation tower that stands at the highest point of the park, offering breathtaking views of the lake and surrounding area. The park also features a playground, picnic areas, walking trails, and a beach area. There is also a boat launch and fishing pier, making it a great spot for outdoor recreation.

Kulencamp Park is a beautiful outdoor recreation area located in a small town in Minnesota. It features a large lake with a beach, a playground, picnic areas, and trails for walking, biking, and cross-country skiing. There are also several sports fields, a disc golf course, and a skate park. The park is a great place to spend a day outdoors, enjoying the fresh air and natural beauty of the area.

Bayview Estates Park is a beautiful outdoor area located on the shores of a large lake. It features a variety of recreational activities, including a playground, picnic area, walking trails, and a beach. The park also has a boat launch, fishing pier, and a dock for swimming and boating. Visitors can enjoy stunning views of the lake and surrounding countryside, as well as a variety of wildlife. The park is a great place to spend a day outdoors with family and friends.

Clear Lake Park is a scenic outdoor destination located in a small town in Minnesota. It features a large lake surrounded by lush green trees and grassy areas, perfect for picnicking, fishing, and swimming. There are also plenty of trails for hiking, biking, and horseback riding, as well as a playground and a beach area. Visitors can also enjoy a variety of activities such as paddle boating, canoeing, and kayaking. The park is also home to a variety of wildlife, including birds, deer, and other small animals.

Sherwood Park is a picturesque outdoor destination located in a small town in Minnesota. The park features a large lake surrounded by lush greenery and tall trees, providing a peaceful and tranquil atmosphere. Visitors can enjoy a variety of activities such as fishing, swimming, boating, and picnicking. There are also several trails for hiking and biking, as well as playgrounds and picnic areas. The park also offers a variety of wildlife viewing opportunities, including birds, deer, and other animals.

Schilling Park is a large outdoor recreational area located in a small town in Minnesota. It features a variety of activities for visitors of all ages, including a playground, picnic areas, walking trails, a fishing pier, and a beach. The park also has a large open field for sports and other activities, as well as a pavilion for special events. The park is surrounded by lush trees and is a great place to relax and enjoy nature.

Forest Lake, Minnesota area median rent change by ZIP code map

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How does Forest Lake compare to other cities in Minnesota?

citymedian price
Vadnais Heights$2,595
South End$1,725
Osseo$1,650

Average household income in Forest Lake area graph - US Census

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The median household income in Forest Lake in 2021 was $87,753. This represents a 30.7% change from 2011 when the median was $67,133.

#categorypercent
0Less than $10,0002.9%
1$10,000 to $14,9992.2%
2$15,000 to $19,9991.6%
3$20,000 to $24,9992.9%
4$25,000 to $29,9992.4%
5$30,000 to $34,9993.6%
6$35,000 to $39,9995.1%
7$40,000 to $44,9993.6%
8$45,000 to $49,9992.6%
9$50,000 to $59,9997.7%
10$60,000 to $74,99910.2%
11$75,000 to $99,99913.7%
12$100,000 to $124,99910.7%
13$125,000 to $149,99911.5%
14$150,000 to $199,9999.9%
15$200,000 or more9.4%

Neighborhoods in Forest Lake

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

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Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Forest Lake is $1,615.
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