Cheap Apartments for Rent near Forest Lakes, AZ from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in Forest Lakes.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Elkwood
Rent Specials
$1,587 - $2,874
Total Monthly Price

Total Monthly Price

Base Rent
$1,587 - $2,874
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Elkwood

1002 N 4th StFlagstaff, AZ 86004
Eco-Friendly
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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

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.

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Parkway Apartments
2 to 3 Bedroom Apartments

Parkway Apartments

300 E Cliffs PkyCamp Verde, AZ 86322

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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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 2 Beds unit found at Timberstone Apartments in the Torreon neighborhood priced from $870. The Place At Forest Ridge in the Fort Tuthill Historic District neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,357. Here is today’s list of the most affordable Forest Lakes apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Timberstone ApartmentsTwo Bedroom/2 Bath2BR,2BA$870
The Place At Forest RidgeTontoStudio,1BA$1,357
Roundhouse ResortPine - Grand Canyon1BR,1BA$1,395
Butterfield ApartmentsStudioStudio,1BA$1,440
Highland Village ApartmentsStudioStudio,1BA$1,499

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

As of August 09, 2026 the best value apartment in the Forest Lakes area is the $0.53 price per square foot 4x4 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $800. The second greatest value Forest Lakes apartment is the C1 Model at Skyline Lofts starting at $2,349 with a $1.87 price per square foot in the Switzer Mesa neighborhood. 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 Apartments4x44BR,4BA$0.53
Skyline LoftsC13BR,1.5BA$1.87
Inspiration ApartmentsC13BR,2BA$1.81
The Overlook at Buffalo Park2x22BR,2BA$2.00
Mountain Park TownhomesTwo Bedroom2BR,2BA$1.55
Timberstone ApartmentsTwo Bedroom/2 Bath2BR,2BA$0.96
Fremont Station2 Bedroom 2 Bath XL2BR,2BA$1.43
University Square ApartmentsTwo Bedroom2BR,2BA$1.98
Park Place Flagstaff2x2 Style 52BR,2BA$1.68
The Villas at RiverwalkThe Mesquite (One Bed, One Bath)1BR,1BA$2.08

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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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!

Explore Forest Lakes, AZ Rentals by Map

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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 $1,357.

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

The lowest price for a Cheap One Bedroom Forest Lakes Apartment is $1,395 at Roundhouse Resort.

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 $870 at Timberstone Apartments.

What is the most affordable Forest Lakes Three Bedroom Apartment?

The best deal on a cheap Forest Lakes Three Bedroom Apartment rental is at Timberstone Apartments and starts from $998.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.