Forest Lake Homes under $350,000

Nestled in the heart of Minnesota, Forest Lake is a charming city that beautifully balances the tranquility of nature with the conveniences of modern living. Known for its stunning lakes, lush parks, and vibrant community spirit, Forest Lake is the perfect destination for families, retirees, and anyone seeking a serene lifestyle without sacrificing access to urban amenities.

One of the most appealing aspects of Forest Lake is its affordability in the real estate market. For those looking to own a piece of this picturesque city, there are plenty of homes available under $350,000. Whether you’re in search of a cozy single-family home, a modern townhome, or a quaint cottage, Forest Lake offers a variety of options to suit different tastes and budgets. Many of these homes boast beautiful views of the surrounding landscape, spacious yards, and easy access to nearby recreational activities.

Residents of Forest Lake enjoy a plethora of outdoor activities, including boating, fishing, and hiking, thanks to the city’s namesake lake and numerous parks. The community is also home to excellent schools, a vibrant downtown area filled with shops and restaurants, and a calendar packed with local events and festivals that bring residents together.

In Forest Lake, you’ll find not just a house but a welcoming community where you can create lasting memories. With homes under $350,000, your dream of living in this idyllic city is well within reach. Come explore Forest Lake and discover why it’s a cherished place to call home!

Newest Forest Lake Homes under $350,000

$185,000

2 Beds ⋅ 1 Baths ⋅ 7160800 MLS

This adorable home would be the perfect VRBO or ABNB. One level living. Great location.

619 2nd Avenue SW, Forest Lake

Listing courtesy of LPT Realty, LLC.

$339,900

4 Beds ⋅ 2 Baths ⋅ 7128597 MLS

Start your morning with views of Forest Lake and end the day gathered around the bonfire in your privately fenced backyard. Set on a dead-end road that ends at the lake, this four-bedroom home offers comfortable spaces for everyday living. Original oak floors add character, while electric in-floor heat brings warmth to the kitchen and dining area. The kitchen features solid-oak Mission-style cabinets, Formica countertops, and an island with room to gather. Two bedrooms on the main floor and two upstairs offer flexibility, with main-floor laundry and a mudroom adding convenience. The upstairs Jack-and-Jill bathroom includes a walk-in shower and separate Jacuzzi tub. Extensive renovations, with most updates completed by 2012, include the upper-level addition, electrical, plumbing, insulation, drywall, windows, siding, and house roof. A two-car detached garage and approximately 780 square feet of unfinished lower-level space provide room for storage and projects. With 1,617 finished square feet, lake views, and a backyard made for relaxing, there is plenty to enjoy at home and nearby.

744 6th Street SE, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$299,750

4 Beds ⋅ 1 Baths ⋅ 7155015 MLS

Refreshed, remodeled and ready to go in the heart of Forest Lake. This home is well situated within blocks of the lake and downtown, offering preferred walkability to everything Forest Lake has to offer...restaurants, retail, gyms/health clubs, The City Park, BEACH, boat launch, walking trails, and so much more. Two main level bedrooms a remodeled tiled bath, updated kitchen with stainless steel appliances off the dining room and breezeway. Two bedrooms up, with ample storage in the knee walls. The kitchen looks out into the massive fenced in backyard with many mature trees. Basement is wide open, clean with a large tool bench and storage. A breezeway connects the house to the garage, so you don't have to face the elements on your way out the door!

532 W Broadway Avenue, Forest Lake

Listing courtesy of RE/MAX Synergy.

$324,990

3 Beds ⋅ 3 Baths ⋅ 7157120 MLS

This home is under construction and available for a November closing! This brand new two-story townhome combines comfort and convenience with a double-height foyer to welcome residents and guests into the home. Down the hall is a Great Room with an electric fireplace for shared moments, a dining room for memorable meals and a modern kitchen for adventurous cooks. Through sliding glass doors is a patio to provide serene outdoor moments. The upper level is occupied by three restful bedrooms, including the spacious owner’s suite with an attached full-sized bathroom and walk-in closet. Completing the home is a two-car garage with convenient mudroom access.

6185 205th Street N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$350,000

4 Beds ⋅ 2 Baths ⋅ 7155957 MLS

Enjoy lake views and an unbeatable location just steps from downtown Forest Lake! This move-in-ready two-story home sits directly across from a coffee shop and within easy walking distance of local bars, restaurants, and everything downtown has to offer. Shopping, groceries, and quick access to I-35 are just minutes away. Inside, you’ll find 4 bedrooms, 2 bathrooms, fresh paint throughout, and beautifully refinished hardwood floors. With two kitchens, the home offers great flexibility for multi-generational living, roommates, guests, or investment opportunities. Relax and take in views of Forest Lake from the spacious three-season porch. A unique opportunity to enjoy a convenient, walkable location, lake views, and plenty of living space at an affordable price!

467 N Shore Drive, Forest Lake

Listing courtesy of Edina Realty, Inc..

$330,000

3 Beds ⋅ 3 Baths ⋅ 7154454 MLS

Welcome home to this spacious 3-bedroom, 3-bath home offering a great combination of comfort, functionality, and outdoor space in a convenient Forest Lake location. Freshly painted and move-in ready, the home features a bright, inviting floor plan with generous living spaces, a wood-burning fireplace, and convenient main-floor laundry. The spacious primary suite offers a private bath and plenty of room to unwind. Outside, enjoy a large, fully fenced backyard with an expansive deck, fire pit area, and storage shed—an ideal setup for entertaining, pets, play, or simply enjoying Minnesota summers. An attached 2-car garage adds everyday convenience and additional storage. Located close to Forest Lake, parks, shopping, restaurants, and commuter routes, this home offers the space you're looking for with easy access to everything the area has to offer. Move right in and make it your own!

23895 Granada Avenue N, Forest Lake

Listing courtesy of RE/MAX Results.

$342,990

3 Beds ⋅ 3 Baths ⋅ 7154064 MLS

This home is under construction and will be move-in ready in November! This elegant two-story townhome welcomes you with an inviting open-concept first floor that is perfect for entertaining and everyday life. Step inside this end unit to a bright Great Room featuring an electric fireplace, seamlessly connected to a charming dining space and a modern kitchen lined with sleek stainless steel appliances. Just past the kitchen, glass sliding doors reveal a private patio ideal for al fresco dining or relaxing after a busy day. Upstairs, discover two spacious secondary bedrooms and a luxurious owner’s suite complete with a full-sized private bathroom and a generous walk-in closet for ultimate comfort. Convenience is at your fingertips with a mudroom connected to your own two-car garage, providing plenty of room for storage and easy access. With its low-maintenance layout, thoughtful finishes and sought-after amenities, homes like this don’t stay available for long—act now before it’s gone! Forest Lake offers a charming small-town feel with a well-regarded school district, numerous parks, lakes and recreational activities. Less than five miles northwest is Target, Walmart, Aldi, a handful of restaurants and retail spaces. Residents enjoy easy access to Highway 61 and I-35 makes travel a breeze.

6179 205th Street N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$315,000

3 Beds ⋅ 3 Baths ⋅ 7152266 MLS

No foreclosure or short sale here. Wonderfully maintained 3 BR on one level, 3 bath home. Open floor plan concept, vaulted ceilings, large kitchen with nice informal eat in area. Nice end unit, with walk-out patio.

4817 200th Street N, Forest Lake

Listing courtesy of Keller Williams Realty Integrity Lakes.

$234,900

2 Beds ⋅ 2 Baths ⋅ 7067910 MLS

Looking for an end-unit townhome in Forest Lake with natural light, comfortable living spaces and a convenient two-level layout? Offered for sale by the original owner, this 2003-built, 2-bedroom, 2-bathroom townhome is located at the end of an 8-unit building and enjoys desirable southern and western exposure. The main level features warm acacia wood flooring, a gas-burning fireplace and easy access to a private patio, creating an inviting space for relaxing or entertaining. Upstairs, an additional loft or hangout area provides flexible space for a home office, reading nook or second living area. Both bedrooms are located upstairs along with conveniently placed laundry. The primary bedroom offers a walk-in closet and easy bathroom access. Updates include a 2022 furnace and refrigerator, 2024 washer and dryer, 2026 stove, 2017 air conditioner and water heater, and 2011 microwave. When all the mechanicals have been updated for you then all that is left is the fun part; cleaning and cosmetics... Lets face it, your version of clean is not the same as another persons version of clean! A wonderful opportunity for low-maintenance townhome living in Forest Lake, Minnesota.

21195 N Clydesdale Curve, Forest Lake

Listing courtesy of LaBelle Real Estate Group Inc.

$284,000

3 Beds ⋅ 2 Baths ⋅ 7149173 MLS

Welcome to 22413 Evergreen Cir, a beautifully refreshed townhome offering modern comfort in a highly desirable neighborhood surrounded by single-family homes. Recent updates include new flooring throughout, new kitchen appliances, updated countertops, modern light fixtures, and a new washer and dryer, giving the home a clean, contemporary feel from top to bottom. The layout provides easy, low-maintenance living with a well-run HOA that takes care of the details. Enjoy close proximity to city parks, local amenities, and quick access to I-35W, making daily commutes and weekend plans effortless. A move-in-ready home in a fantastic location—perfect for anyone seeking convenience, updates, and a great neighborhood setting.

22413 Evergreen Circle, Forest Lake

Listing courtesy of LPT Realty, LLC..

$339,990

3 Beds ⋅ 3 Baths ⋅ 7144885 MLS

This home is under construction and available for an October closing! This brand new two-story end unit townhome combines comfort and convenience with a double-height foyer to welcome residents and guests into the home. Down the hall is a Great Room with an electric fireplace for shared moments, a dining room for memorable meals and a modern kitchen for adventurous cooks. Through sliding glass doors is a patio to provide serene outdoor moments. The upper level is occupied by three restful bedrooms, including the spacious owner’s suite with an attached full-sized bathroom and walk-in closet. Completing the home is a two-car garage with convenient mudroom access.

6143 205th Cove N, Forest Lake

Listing courtesy of Lennar Sales Corp.

$299,125

2 Beds ⋅ 2 Baths ⋅ 7132677 MLS

ABSOLUTELY ADORABLE!!! Get Here NOW! Fully Refreshed & Ready to Transfer the Baton of Ownership to YOU!!! All NEW FABULOUS Flooring-PRETTY Paint-SWEET Stainless Kitchen Appliances-FABULOUS Lighting-GORGEOUS Hardware-PERKY Plumbing Fixtures-SUPER FUN Countertops! This End Unit Overlooking the ONLY Pond Wetland Area in the Development Now Available!!! Private Primary Suite Separate from Guest Bedroom! Sunroom is on SOUTH Side! Need I Say More?! It is SO CUTE and SO FUNCTIONAL!!! ZERO Wasted Space!!! ***All This AND Affordable Too?!*** Low Association Dues ***Do Not Miss the IN FLOOR HEAT for EFFICIENCY*** So Much Green Space! Yes-It is Off 97...But OH SO PRIVATE!!! Come See These Patio Areas-You WILL Be Thrilled!!! Be the Fortunate New Homeowner at 1010 18th Ave SE!!! Best Success! Quick Closing Preferred!

1010 18th Avenue SE, Forest Lake

Listing courtesy of Keller Williams Classic Realty.

Start Your Search

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.

Forest Lake Homes under $350,000

Newest Forest Lake Homes under $350,000

How much is your home worth?

How much is your home worth?