Cheap Apartments for Rent in Forest Lakes, AZ from $500 (11 Rentals)

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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.

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116 E Second St
1 Bedroom Apartments

116 E Second St

116 E Second StWinslow, AZ 86047
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Alta Vista
Studio to 2 Bedroom Apartments

Alta Vista

7234 E Cave Creek RdCarefree, AZ 85377

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.

property at 561 N 10th Pl

$1,199

2 Bedroom Rentals

Available Now

561 N 10th Pl

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Forest Lakes, AZ Local Guide

Cheapest Available Forest Lakes Apartments for Rent and Nearby

 

The cheapest available apartment rental in Forest Lakes, AZ is a 4 Beds unit found at Commons at Sawmill in the La Plaza Vieja neighborhood priced from $780. 116 E Second St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Forest Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Commons at Sawmill4 Bed Unf Premium4BR,2BA$780
116 E Second Stone bedroom1BR,1BA$950
Tanglewood VillasOne bed1BR,1BA$1,100
Winslow Apartment Companies1 bed 2 bath1BR,2BA$1,150
The Place At Forest RidgeTontoStudio,1BA$1,349

Best Value Apartments for Rent in Forest Lakes, AZ and Nearby

As of May 07, 2026 the best value apartment in the Forest Lakes area is the $0.60 price per square foot Four Bedroom Four Bath (by-the-bed) Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $900. The second greatest value Forest Lakes apartment is the Juniper - Boardwalk Model at Roundhouse Resort starting at $2,045 with a $1.36 price per square foot . Here is today’s list of the best values for Forest Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wavertree ApartmentsFour Bedroom Four Bath (by-the-bed)4BR,4BA$0.60
Roundhouse ResortJuniper - Boardwalk2BR,2BA$1.36
Four PeaksB3RR2BR,2BA$1.76
Mountain Park TownhomesThree Bedroom3BR,2BA$1.52
Clear Creek Village2BR/2BA - 9502BR,2BA$1.12
Ridge at Clear Creek2BR/2BA2BR,2BA$1.13
Desert Parks VistaA2 Premier1BR,1BA$2.07
Aspen Leaf2 x 2 (860 SF)2BR,2BA$2.09
Tanglewood VillasOne bed1BR,1BA$1.99
116 E Second Stone bedroom1BR,1BA$2.11

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.

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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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Forest Lakes Apartments

What is the Cheapest Studio apartment in Forest Lakes?

Currently the most affordable Cheap Studio Apartment in Forest Lakes is at The Place At Forest Ridge listed at $1,349.

How much is rent for a Cheap One Bedroom Forest Lakes Apartment?

The lowest price for a Cheap One Bedroom Forest Lakes Apartment is $950 at 116 E Second St.

What is the lowest price for a Cheap Two Bedroom Forest Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Forest Lakes is starting from $939 at Commons at Sawmill.

What is the most affordable Forest Lakes Three Bedroom Apartment?

The best deal on a cheap Forest Lakes Three Bedroom Apartment rental is at Mountain Park Townhomes and starts from $1,800.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.