Cheap Apartments for Rent in Lake Montezuma, AZ from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Lake Montezuma.

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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Tapestry at Granville
Rent Specials
$1,508 - $1,796
Total Monthly Price

Total Monthly Price

Base Rent
$1,508 - $1,796
Total Monthly Price
$1,508 - $1,796
1 to 2 Bedroom Apartments Available Now

Tapestry at Granville

6810 E Spouse DrPrescott Valley, AZ 86314
Family Friendly
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  • Smoke Free

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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Parkway Apartments
2 to 3 Bedroom Apartments

Parkway Apartments

300 E Cliffs PkyCamp Verde, AZ 86322

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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Castle Rock Studios
Studio to 1 Bedroom Apartments

Castle Rock Studios

1313 S Milton RdFlagstaff, AZ 86001
Student Housing
  • Utilities Included
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Granite Mountain
1 to 2 Bedroom Apartments

Granite Mountain

8683 E Commons CirPrescott Valley, AZ 86314
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333 N 16th St
2 Bedroom Apartments

333 N 16th St

333 N 16th StCottonwood, AZ 86326

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 1-38, Page 1 of 1

Lake Montezuma, AZ Local Guide

Cheapest Available Lake Montezuma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Lake Montezuma, AZ is a 1 Bed unit found at Clifford in the South Phoenix neighborhood priced from $831. Mountain View Villa Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,185. Here is today’s list of the most affordable Lake Montezuma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
CliffordA11BR,1BA$831
Mountain View Villa ApartmentsOne Bedroom1BR,1BA$1,185
The Place At Forest RidgeTontoStudio,1BA$1,447
Prescott View Apartments1x11BR,1BA$1,475
Woodlands Village ApartmentsStudioStudio,1BA$1,480
Homestead Talking GlassPalomino1BR,1BA$1,480
University Square ApartmentsOne Bedroom1BR,1BA$1,480
The Crossings at WindsongSaddleStudio,1BA$1,488
Highland Village ApartmentsStudioStudio,1BA$1,499
2051 ApartmentsLynxStudio,1BA$1,500

Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby

As of July 29, 2026 the best value apartment in the Lake Montezuma 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 Lake Montezuma apartment is the 2 Bed (L) Model at Winfield at the Ranch starting at $2,295 with a $1.85 price per square foot in the Diamond Valley neighborhood. Here is today’s list of the best values for Lake Montezuma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Wavertree Apartments4x44BR,4BA$0.53
Winfield at the Ranch2 Bed (L)2BR,2BA$1.85
333 N 16th StUnfurnished, 1-year long-term rental2BR,2BA$1.33
Inspiration ApartmentsC13BR,2BA$1.81
Mulberry FarmsHotel California2BR,2BA$1.89
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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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.

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Pet Friendly Lifestyle
Lake Montezuma, AZ

Ranked #132

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lake Montezuma, AZ Rentals by Map

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See the most popular apartments and homes in Lake Montezuma, AZ

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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 $920.

How much is rent for a Cheap One Bedroom Lake Montezuma Apartment?

The lowest price for a Cheap One Bedroom Lake Montezuma Apartment is $831 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 $1,188 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

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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.

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.