
Cheap Apartments for Rent in Lake Montezuma, AZ from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Montezuma.


4140 E Cliffside Trail

4360 E Waldron Rd

Clifford

Willow Ridge Apartments

Mountain View Villa Apartments

Total Monthly Price
Millpond Village Apartments

Woodlands Village Apartments

Willow Creek Apartments
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.

University Square Apartments

Homestead Talking Glass

Terraces at Glassford Hill

Prescott View Apartments

The Place At Forest Ridge

2051 Apartments

Tapestry at Granville

Total Monthly Price
Bungalows on Village Way

The Crossings at Windsong
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.

Parke Place

University West

Sterling Pointe

Prescott Lakes

Aspen Leaf

Canyon Springs

Ponderosa Park

Havenly Prescott

Parkway Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

460 E Date St

Sedona Resort Apartments

Castle Rock Studios

499 S 2nd St

Granite Mountain

4203 E Commercial Way

333 N 16th St

311 W Hillside Ave

719 N 7th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

588-A Sawmill Cove
Lake Montezuma, AZ Local Guide

How much does it cost to rent an apartment in Lake Montezuma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Montezuma Studio Apartments | $1,567 | $965 | $3,089 |
| Lake Montezuma 1 Bedroom Apartments | $1,699 | $993 | $2,978 |
| Lake Montezuma 2 Bedroom Apartments | $2,034 | $999 | $3,392 |
| Lake Montezuma 3 Bedroom Apartments | $2,403 | $779 | $3,718 |
| Lake Montezuma 4 Bedroom Apartments | $942 | $819 | $1,050 |
Browse Top Apartments in Lake Montezuma
See all Apartments in Lake MontezumaExplore Lake Montezuma
Lake Montezuma, AZ Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lake Montezuma Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake Montezuma, AZ is a Studio unit found at Clifford in the South Phoenix neighborhood priced from $965. Willow Ridge Apartments in the Forbing Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. Here is today’s list of the most affordable Lake Montezuma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clifford | S1 | Studio,1BA | $965 |
| Willow Ridge Apartments | Private Room/Private Bath | 1BR,1BA | $998 |
| Mountain View Villa Apartments | Studio | Studio,1BA | $1,015 |
| Millpond Village Apartments | ONE Bedroom | 1BR,1BA | $1,200 |
| Woodlands Village Apartments | Studio | Studio,1BA | $1,365 |
| Willow Creek Apartments | Studio | Studio,1BA | $1,425 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $1,455 |
| University Square Apartments | Studio | Studio,1BA | $1,455 |
| The Place At Forest Ridge | Zuni | Studio,1BA | $1,482 |
| 2051 Apartments | Lynx | Studio,1BA | $1,500 |
Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby
As of June 14, 2026 the best value apartment in the Lake Montezuma area is the $0.60 price per square foot 4x4 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $900. The second greatest value Lake Montezuma apartment is the Hotel California Model at Mulberry Farms starting at $1,995 with a $1.89 price per square foot . Here is today’s list of the best values for Lake Montezuma apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wavertree Apartments | 4x4 | 4BR,4BA | $0.60 |
| Mulberry Farms | Hotel California | 2BR,2BA | $1.89 |
| Clear Creek Village | 2BR/2BA - 950 | 2BR,2BA | $1.07 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.11 |
| Park Place Flagstaff | 2x2 Style 5 | 2BR,2BA | $1.68 |
| Aspen Leaf | 2 x 2 (860 SF) | 2BR,2BA | $2.09 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1.84 |
| Commons at Sawmill | 2 Bed Furn Premium | 2BR,2BA | $1.16 |
| Tapestry at Granville | Smokey Quartz | 1BR,1BA | $2.09 |
| Willow Ridge Apartments | 1BR/1BA | 1BR,1BA | $1.98 |
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.
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.
Pet Friendly LifestyleLake Montezuma, AZ
Ranked #110
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lake Montezuma, AZ Rentals by Map
See the most popular apartments and homes in Lake Montezuma, AZ
Frequently Asked Questions about Cheap Lake Montezuma Apartments
What is the Cheapest Studio apartment in Lake Montezuma?
Currently the most affordable Cheap Studio Apartment in Lake Montezuma is at Clifford listed at $965.
How much is rent for a Cheap One Bedroom Lake Montezuma Apartment?
The lowest price for a Cheap One Bedroom Lake Montezuma Apartment is $993 at Clifford.
What is the lowest price for a Cheap Two Bedroom Lake Montezuma Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lake Montezuma is starting from $1,362 at Clifford.
What is the most affordable Lake Montezuma Three Bedroom Apartment?
The best deal on a cheap Lake Montezuma Three Bedroom Apartment rental is at Mulberry Farms and starts from $1,720.
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

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.