Cheap Apartments for Rent near Forest Lakes, AZ from $649 (36 Rentals)

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

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Four Peaks
Rent Specials
$1,399 - $2,774

Total Monthly Price

Base Rent$1,399 - $2,774
Total Monthly Price$1,399 - $2,774
1 to 3 Bedroom Apartments Available Now

Four Peaks

13700 N Fountain Hills BlvdFountain Hills, AZ 85268
Affordability
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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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Legacy Pines
Rent Specials
$1,570 - $1,875

Total Monthly Price

Base Rent$1,570 - $1,875
Total Monthly Price$1,570 - $1,875
1 to 2 Bedroom Apartments Available Now

Legacy Pines

1105 E Ponderosa PkyFlagstaff, AZ 86001
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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
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Desert Parks Vista
1 to 3 Bedroom Apartments

Desert Parks Vista

9393 E Palo Brea BndScottsdale, AZ 85255
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Ponderosa Park
1 to 2 Bedroom Apartments

Ponderosa Park

1201 E Ponderosa PkyFlagstaff, AZ 86001

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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Showing Results 1-36, Page 1 of 1

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 $599. Wavertree Apartments in the La Plaza Vieja neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. 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$599
Wavertree ApartmentsFour Bedroom Four Bath (by-the-bed)4BR, 4BA$699
Timberstone ApartmentsTwo Bedroom/2 Bath2BR, 2BA$870
WoodcrestThe Birch1BR, 1BA$1,299
Roundhouse ResortPine - Grand Canyon1BR, 1BA$1,395
Four PeaksA1RR1BR, 1BA$1,399
The LodgeA11BR, 1BA$1,459
The Place At Forest RidgeKaibab1BR, 1BA$1,492
Highland Village ApartmentsStudioStudio, 1BA$1,499
Mountain Park TownhomesTwo Bedroom2BR, 2BA$1,500

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

As of September 24, 2026 the best value apartment in the Forest Lakes area is the $0.47 price per square foot 4x4 Model at Wavertree Apartments in the La Plaza Vieja neighborhood starting from $699. The second greatest value Forest Lakes apartment is the C2 Model at Skyline Lofts in the Switzer Mesa neighborhood starting at $2,299 with a $1.79 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 Apartments4x44BR, 4BA$0.47
Skyline LoftsC23BR, 1.5BA$1.79
Butterfield ApartmentsTwo Bedroom2BR, 2BA$1.74
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$1.91
Ridge at Clear Creek2BR/2BA2BR, 2BA$1.07
Park Place Flagstaff2x2 Style 42BR, 2BA$1.68
Four PeaksA1RR1BR, 1BA$1.80

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 Commons at Sawmill listed at $1,470.

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

The lowest price for a Cheap One Bedroom Forest Lakes Apartment is $1,299 at Woodcrest.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.