
Cheap Apartments for Rent near Gray Mountain, AZ from $649 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in Gray Mountain.


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Millpond Village Apartments

Woodcrest

The Place At Forest Ridge

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Sierra on 66

Aspen Leaf

The Lodge

Country Club Vista Apartments

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Legacy Pines
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.

Woodlands Village Apartments

Elevation Luxury Apartments

Skyline Lofts

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Elkwood

ReNew Flagstaff East

University West

Canyon Springs

Sterling Pointe

Country Club Terrace Apartments
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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The Summit at Flagstaff

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Village at Aspen Place

University Square Apartments

Country Club Meadows Apartments

Canyon Del Rio Village Apartments + Townhomes

Butterfield Apartments

Total Monthly Price
Aura Flagstaff

WELCOME TO 1965 MOUNTAIN VIEW

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Timberline Place
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.

Trailside Apartments

2645 Valley View Dr

Sedona Resort Apartments

Castle Rock Studios

2219 E Dortha Ave

2703 N Rose St

Ponderosa Park

2605 N Pinon Ridge Dr

Shadowbrook
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.

1411 N Fourth St

4005 N Goodwin Cir

6315 St Nicholas Cir
Gray Mountain, AZ Local Guide

How much does it cost to rent an apartment in Gray Mountain?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gray Mountain Studio Apartments | $1,649 | $1,357 | $2,006 |
| Gray Mountain 1 Bedroom Apartments | $1,974 | $1,200 | $2,704 |
| Gray Mountain 2 Bedroom Apartments | $2,105 | $649 | $3,181 |
| Gray Mountain 3 Bedroom Apartments | $2,494 | $739 | $3,856 |
| Gray Mountain 4 Bedroom Apartments | $2,114 | $699 | $5,855 |
Browse Top Apartments in Gray Mountain
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Gray Mountain, AZ Local Guide
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Cheapest Available Gray Mountain Apartments for Rent and Nearby
 The cheapest available apartment rental in Gray Mountain, 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 Gray Mountain apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Commons at Sawmill | 4 Bed Unf Premium | 4BR, 2BA | $599 |
| Wavertree Apartments | Four Bedroom Four Bath (by-the-bed) | 4BR, 4BA | $699 |
| Woodcrest | The Birch | 1BR, 1BA | $1,299 |
| Pine View Village Apartments | Studio | Studio, 1BA | $1,455 |
| The Place At Forest Ridge | Kaibab | 1BR, 1BA | $1,469 |
| Highland Village Apartments | Studio | Studio, 1BA | $1,499 |
| The Lodge | C2 | 2BR, 2BA | $1,549 |
| Country Club Vista Apartments | One Bedroom | 1BR, 1BA | $1,550 |
| Woodlands Village Apartments | Studio | Studio, 1BA | $1,570 |
| Legacy Pines | One Bedroom | 1BR, 1BA | $1,570 |
Best Value Apartments for Rent in Gray Mountain, AZ and Nearby
As of September 18, 2026 the best value apartment in the Gray Mountain area is the $1.13 price per square foot 6BR 5BA Model at 519 W Tombstone Ave in the La Plaza Vieja neighborhood starting from $4,500. The second greatest value Gray Mountain apartment is the 4x4 Model at Wavertree Apartments in the La Plaza Vieja neighborhood starting at $699 with a $0.47 price per square foot. Here is today’s list of the best values for Gray Mountain apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 519 W Tombstone Ave | 6BR 5BA | 6BR, 5BA | $1.13 |
| Wavertree Apartments | 4x4 | 4BR, 4BA | $0.47 |
| Skyline Lofts | C2 | 3BR, 1.5BA | $1.79 |
| Table Rock | 3 Bed 2 Bath | 3BR, 2BA | $1.88 |
| Butterfield Apartments | Two Bedroom | 2BR, 2BA | $1.74 |
| 520 S Verde St | Four Bedrooms | 2BR, 2BA | $2.18 |
| Trailside Apartments | B1 | 2BR, 2BA | $2.07 |
| Fremont Station | 2 Bedroom 2 Bath XL | 2BR, 2BA | $1.43 |
| University Square Apartments | Two Bedroom | 2BR, 2BA | $1.95 |
| Park Place Flagstaff | 2x2 Style 4 | 2BR, 2BA | $1.68 |
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 ArticleNavigating 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.
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!
Explore Gray Mountain, AZ Rentals by Map
See the most popular apartments and homes in Gray Mountain, AZ
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 Pine View Village Apartments listed at $1,455.
How much is rent for a Cheap One Bedroom Gray Mountain Apartment?
The lowest price for a Cheap One Bedroom Gray Mountain Apartment is $1,299 at Woodcrest.
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 $899 at Commons at Sawmill.
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 $1,799.
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

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.

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.

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.

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.