Cheap Apartments for Rent near Gray Mountain, AZ from $500 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Gray Mountain.

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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
  • Verified
  • Customer Reviewed
  • Smoke Free

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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Sierra on 66
$1,701
Total Monthly Price

Total Monthly Price

Base Rent
$1,701
Total Monthly Price
$1,701
1 to 3 Bedroom Apartments Available Oct 1

Sierra on 66

2292 S Alvan Clark BlvdFlagstaff, AZ 86001
  • Verified
  • Utilities Included
  • Low Income

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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Timberline Place
Rent Specials
$1,856 - $2,996
Total Monthly Price

Total Monthly Price

Base Rent
$1,856 - $2,996
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Timberline Place

4343 E Soliere AveFlagstaff, AZ 86004
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Castle Rock Studios
Studio to 1 Bedroom Apartments

Castle Rock Studios

1313 S Milton RdFlagstaff, AZ 86001
Student Housing
  • Utilities Included

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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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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Shadowbrook
1 to 3 Bedroom Apartments

Shadowbrook

145 Navajo DrSedona, AZ 86336
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Gray Mountain, AZ Local Guide

Cheapest Available Gray Mountain Apartments for Rent and Nearby

 

The cheapest available apartment rental in Gray Mountain, AZ is a Studio unit found at The Place At Forest Ridge in the Fort Tuthill Historic District neighborhood priced from $1,447. Butterfield Apartments in the Sunnyside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,455. Here is today’s list of the most affordable Gray Mountain apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Place At Forest RidgeTontoStudio,1BA$1,447
Butterfield ApartmentsStudioStudio,1BA$1,455
University Square ApartmentsOne Bedroom1BR,1BA$1,480
Woodlands Village ApartmentsStudioStudio,1BA$1,480
Highland Village ApartmentsStudioStudio,1BA$1,499
Pine View Village ApartmentsStudioStudio,1BA$1,500
ElkwoodE1AStudio,1BA$1,587
University WestOne Bedroom1BR,1BA$1,625
The LodgeA11BR,1BA$1,628
Country Club Terrace ApartmentsOne Bedroom1BR,1BA$1,670

Best Value Apartments for Rent in Gray Mountain, AZ and Nearby

As of July 30, 2026 the best value apartment in the Gray Mountain area is the $1.13 price per square foot 6 Beds, 5 baths Model at 519 W Tombstone Ave in the in the La Plaza Vieja neighborhood starting from $4,500. The second greatest value Gray Mountain apartment is the 4x4 Model at Wavertree Apartments starting at $800 with a $0.53 price per square foot in the La Plaza Vieja neighborhood. Here is today’s list of the best values for Gray Mountain apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
519 W Tombstone Ave6 Beds, 5 baths6BR,5BA$1.13
Wavertree Apartments4x44BR,4BA$0.53
Canyon Del Rio Village Apartments + TownhomesTownhome A3BR,2.5BA$2.29
Skyline LoftsC23BR,1.5BA$1.83
The Summit at FlagstaffC1R3BR,2BA$2.31
Clear Creek Village2BR/2BA - 9502BR,2BA$0.92
Fremont Station2 Bedroom 2 Bath XL2BR,2BA$1.43
Ridge at Clear Creek2BR/2BA2BR,2BA$1.07
Park Place Flagstaff2x2 Style 52BR,2BA$1.68
Commons at Sawmill2 Bed Furn Premium2BR,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.

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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 Gray Mountain Apartments

What is the Cheapest Studio apartment in Gray Mountain?

Currently the most affordable Cheap Studio Apartment in Gray Mountain is at The Place At Forest Ridge listed at $1,419.

How much is rent for a Cheap One Bedroom Gray Mountain Apartment?

The lowest price for a Cheap One Bedroom Gray Mountain Apartment is $1,521 at The Place At Forest Ridge.

What is the lowest price for a Cheap Two Bedroom Gray Mountain Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Gray Mountain is starting from $1,715 at Woodcrest.

What is the most affordable Gray Mountain Three Bedroom Apartment?

The best deal on a cheap Gray Mountain Three Bedroom Apartment rental is at Woodcrest and starts from $2,255.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.