
Cheap Homes for Rent near Forest Lakes, AZ from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Forest Lakes.


4360 E Waldron Rd

214 W Cherry St
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.

312 W Roundup Rd

1976 Christmas Pine Rd

5920 Thunder Ridge Rd
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.
Forest Lakes, AZ Local Guide

How much does it cost to rent a home in Forest Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Lakes 2 Bedroom Homes for Rent | $1,975 | $1,080 | $3,800 |
| Forest Lakes 3 Bedroom Homes for Rent | $2,670 | $1,185 | $6,500 |
| Forest Lakes 4 Bedroom Homes for Rent | $3,258 | $1,650 | $6,499 |
| Forest Lakes 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent 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 2 Beds unit found at Timberstone Apartments in the Torreon neighborhood priced from $870. Roundhouse Resort has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,395. Here is today’s list of the most affordable Forest Lakes apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Timberstone Apartments | Two Bedroom/2 Bath | 2BR,2BA | $870 |
| Roundhouse Resort | Pine - Grand Canyon | 1BR,1BA | $1,395 |
| The Place At Forest Ridge | Tonto | Studio,1BA | $1,435 |
Best Value Apartments for Rent in Forest Lakes, AZ and Nearby
As of July 17, 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 B4OR Model at Four Peaks starting at $2,013 with a $1.64 price per square foot in the Downtown Fountain Hills neighborhood. 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 | 4x4 | 4BR,4BA | $0.53 |
| Four Peaks | B4OR | 2BR,2BA | $1.64 |
| Mountain Park Townhomes | Two Bedroom | 2BR,2BA | $1.55 |
| Clear Creek Village | 2BR/2BA - 950 | 2BR,2BA | $0.96 |
| Timberstone Apartments | Two Bedroom/2 Bath | 2BR,2BA | $0.96 |
| Fremont Station | 2 Bedroom 2 Bath XL | 2BR,2BA | $1.43 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.02 |
| Park Place Flagstaff | 2x2 Style 5 | 2BR,2BA | $1.68 |
| Desert Parks Vista | A2 Premier | 1BR,1BA | $1.75 |
| Commons at Sawmill | 2 Bed Furn Premium | 2BR,2BA | $1.11 |
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.
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Forest Lakes
What type of rentals are currently available in Forest Lakes?
There are currently 62 Apartments for Rent in Forest Lakes, AZ with pricing that ranges from $649 to $5,855. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Forest Lakes ranging from $1,080 to $6,500.
What is the current price range for Rental Homes in Forest Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Forest Lakes ranges from $1,080 to $6,500 with an average monthly rent of $2,556.
How much are larger Three and Four Bedroom Rentals in Forest Lakes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Forest Lakes range from $760 to $4,171, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $794.
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

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.

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.

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.

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.