
Cheap Apartments for Rent in Forest Lakes, AZ from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Forest Lakes.


Winslow Apartment Companies

Roundhouse Resort

Tanglewood Villas

357 1st Ave
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.

214 W Aspinwall St

116 E Second St

210 E Cherry St

3990 E Yuma Dr

Alta Vista
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.

561 N 10th Pl
Forest Lakes, AZ Local Guide

How much does it cost to rent an apartment in Forest Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Lakes Studio Apartments | $1,597 | $850 | $2,006 |
| Forest Lakes 1 Bedroom Apartments | $1,930 | $1,000 | $3,505 |
| Forest Lakes 2 Bedroom Apartments | $2,113 | $649 | $3,352 |
| Forest Lakes 3 Bedroom Apartments | $2,342 | $739 | $4,272 |
| Forest Lakes 4 Bedroom Apartments | $943 | $819 | $1,089 |
Browse Top Apartments in Forest Lakes
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Forest Lakes, AZ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Commons at Sawmill | 4 Bed Unf Premium | 4BR,2BA | $780 |
| 116 E Second St | one bedroom | 1BR,1BA | $950 |
| Tanglewood Villas | One bed | 1BR,1BA | $1,100 |
| Winslow Apartment Companies | 1 bed 2 bath | 1BR,2BA | $1,150 |
| The Place At Forest Ridge | Tonto | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wavertree Apartments | Four Bedroom Four Bath (by-the-bed) | 4BR,4BA | $0.60 |
| Roundhouse Resort | Juniper - Boardwalk | 2BR,2BA | $1.36 |
| Four Peaks | B3RR | 2BR,2BA | $1.76 |
| Mountain Park Townhomes | Three Bedroom | 3BR,2BA | $1.52 |
| Clear Creek Village | 2BR/2BA - 950 | 2BR,2BA | $1.12 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.13 |
| Desert Parks Vista | A2 Premier | 1BR,1BA | $2.07 |
| Aspen Leaf | 2 x 2 (860 SF) | 2BR,2BA | $2.09 |
| Tanglewood Villas | One bed | 1BR,1BA | $1.99 |
| 116 E Second St | one bedroom | 1BR,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.
Read ArticleReal 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 ArticleQuick 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.
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

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.

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.

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.

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.