Cheap Apartments for Rent in the Downtown Flagstaff Neighborhood of Flagstaff, AZ from $500 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Downtown Flagstaff area of Flagstaff.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article
property at 907 W Summit Ave

$995 - $1,495

Studio To 1 Bedroom Rentals

Available Now

907 W Summit Ave

FlagstaffAZ86001

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
property at 1200 S Riordan Ranch St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1200 S Riordan Ranch St, Unit 93

1200 S Riordan Ranch St
FlagstaffAZ86001
close
View Me
Cedarcrest Village
2 to 3 Bedroom Apartments

Cedarcrest Village

2251 N Izabel StFlagstaff, AZ 86004
close
View Me
Castle Rock Studios
Studio to 1 Bedroom Apartments

Castle Rock Studios

1313 S Milton RdFlagstaff, AZ 86001
Student Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-40, Page 1 of 1

Downtown Flagstaff, Flagstaff, AZ Local Guide

Cheapest Available Downtown Flagstaff Apartments for Rent

 

The cheapest available apartment rental in the Downtown Flagstaff area of Flagstaff, AZ is a 1 Bed unit found at Millpond Village Apartments priced from $1,200. Woodlands Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here are the most affordable Downtown Flagstaff apartments for rent in Flagstaff, AZ:

Apartment ListingModel NameBed/BathPriced From
Millpond Village ApartmentsONE Bedroom1BR,1BA$1,200
Woodlands Village ApartmentsStudioStudio,1BA$1,365
University Square ApartmentsStudioStudio,1BA$1,455
Pine View Village ApartmentsStudioStudio,1BA$1,500
Legacy PinesOne Bedroom1BR,1BA$1,625
University WestOne Bedroom1BR,1BA$1,625
Sterling PointeMcMillian1BR,1BA$1,649
WoodcrestThe Aspen1BR,1BA$1,674
Ponderosa Park1x11BR,1BA$1,690

Best Value Apartments for Rent in Downtown Flagstaff, AZ

As of June 18, 2026 the best value apartment in the Downtown Flagstaff area is the $1.50 price per square foot 6 Beds, 5 baths Model at 519 W Tombstone Ave in the in the La Plaza Vieja neighborhood starting from $6,000. The second greatest value Downtown Flagstaff apartment is the 4x4 Model at Wavertree Apartments starting at $900 with a $0.60 price per square foot in the La Plaza Vieja neighborhood. Here is today’s list of the best values for Downtown Flagstaff apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
519 W Tombstone Ave6 Beds, 5 baths6BR,5BA$1.50
Wavertree Apartments4x44BR,4BA$0.60
520 S Verde StFour Bedrooms4BR,2BA$2.23
Clear Creek Village2BR/2BA - 9502BR,2BA$1.07
Ridge at Clear Creek2BR/2BA2BR,2BA$1.11
Park Place Flagstaff2x2 Style 52BR,2BA$1.68
Aspen Leaf2 x 2 (860 SF)2BR,2BA$2.09
Commons at Sawmill2 Bed Furn Premium2BR,2BA$1.16
Sterling PointeMcMillian1BR,1BA$2.21
Millpond Village ApartmentsONE Bedroom1BR,1BA$2.26

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Flagstaff, Flagstaff, AZ

Ranked #4

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Flagstaff, Flagstaff, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Downtown Flagstaff, Flagstaff, and the greater Flagstaff area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Flagstaff Apartments

What is a cheap apartment in Downtown Flagstaff?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Flagstaff is under $1,690.

What is the price of a cheap apartment in Downtown Flagstaff?

The cheapest apartment in Downtown Flagstaff is Millpond Village Apartments which is listed at $1,200, while the average apartment in Downtown Flagstaff costs $7,200.

What types of apartments are the cheapest in Downtown Flagstaff?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 61 regular apartments in Downtown Flagstaff that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Flagstaff?

Cheap apartments in Downtown Flagstaff have an average cost of $1,837 which is $5,363 cheaper than the average rent for all rentals in Downtown Flagstaff.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.