2-Bedroom Rent · July 2026

2-Bedroom Apartment Rent in Forest Lake, MN

$1,650/mo

Median asking rent for a 2-bedroom apartment in Forest Lake, Minnesota as of July 2026. That's +2% higher than the citywide median of $1,625 and in line with the national 2-bedroom median of $1,655.

2-Bedroom median
$1,650
July 2026
vs city overall
+2%
$1,625 city median
vs national
0%
$1,655 US median
Minnesota rank
#33
of 65 cities

Income needed for a 2-bedroom in Forest Lake

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.

Annual income
$66,000
Monthly gross
$5,500
Hourly (full-time)
$31.73

Rent by apartment size in Forest Lake

Compare Forest Lake's median rent across every apartment size.

Studio
$1,190
1-Bedroom
$1,350
2-Bedroom (current)
$1,650
3-Bedroom
$2,200
4+ Bedroom
$2,460

Cheapest cities for a 2-bedroom in Minnesota

#City2-Bedroom rent
1Winona$950
2Moorhead$1,040
3Owatonna$1,040
4Austin$1,050
5Bemidji$1,090
6Waite Park$1,200
7Duluth$1,236
8Mankato$1,250
9Saint Cloud$1,273
10Victoria$1,273
11Rochester$1,368
12Anoka$1,401
13Northfield$1,460
14South Saint Paul$1,460
15Saint Michael$1,490

Most expensive cities for a 2-bedroom in Minnesota

#City2-Bedroom rent
1Woodbury$2,280
2Maple Grove$2,205
3Eden Prairie$2,170
4Lakeville$2,140
5Cottage Grove$2,130
6Edina$2,100
7Blaine$2,085
8Brooklyn Park$2,065
9Plymouth$2,063
10Savage$2,030
11Rosemount$2,030
12Minnetonka$2,000
13Wayzata$1,924
14Saint Louis Park$1,910
15Apple Valley$1,910

Nearby cities — 2-bedroom rent

Considering nearby alternatives? 5 of these cities have cheaper 2-bedroom rents than Forest Lake.

CityDistance2-Bedroom rentvs Forest Lake
White Bear Lake, MN12 mi$1,570$-80 (-5%)
Vadnais Heights, MN13 mi$1,900+$250 (+15%)
Shoreview, MN14.5 mi$1,770+$120 (+7%)
Blaine, MN14.9 mi$2,085+$435 (+26%)
Little Canada, MN16.9 mi$1,607$-43 (-3%)
New Brighton, MN17.1 mi$1,520$-130 (-8%)
Maplewood, MN17.2 mi$1,590$-60 (-4%)
Anoka, MN18 mi$1,401$-249 (-15%)
Oakdale, MN19.4 mi$1,630$-20 (-1%)
Roseville, MN19.5 mi$1,630$-20 (-1%)
Fridley, MN19.7 mi$1,560$-90 (-5%)
Coon Rapids, MN20.6 mi$1,835+$185 (+11%)

2-Bedroom rent in Forest Lake — common questions

How much is a 2-bedroom apartment in Forest Lake?

As of July 2026, the median 2-bedroom apartment rent in Forest Lake, Minnesota is $1,650 per month. This is +2% higher than the citywide median of $1,625.

What income do you need to afford a 2-bedroom in Forest Lake?

Using the standard 30% rent-to-income rule, you would need an annual income of about $66,000 ($5,500/month gross), which works out to roughly $31.73/hour at a full-time job.

Is Forest Lake expensive for a 2-bedroom compared to the rest of the US?

Forest Lake's 2-bedroom median of $1,650 is right at the national 2-bedroom median of $1,655. It ranks in the 50th percentile of US cities tracked.

How does Forest Lake rank for 2-bedroom rent in Minnesota?

Among the 65 cities in Minnesota with 2-bedroom data, Forest Lake ranks #33 from cheapest to most expensive.

Are there cheaper 2-bedroom options near Forest Lake?

Yes — nearby cities with cheaper 2-bedroom rents include White Bear Lake ($1,570), Little Canada ($1,607), New Brighton ($1,520).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Forest Lake, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (July 2026) and exclude cities with median rent below $400 or above $20,000.