
Cheap Apartments for Rent in Lake Montezuma, AZ from $700 (5 Rentals)
Search the lowest-cost Apartments available for rent right now in Lake Montezuma.


Willow Ridge Apartments
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.

Prescott Lakes

Willow Creek Apartments
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.

Parkway Apartments
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 | $1,364 | $1,000 | $2,360 |
| Lake Montezuma 1 Bedroom Apartments | $1,667 | $1,000 | $2,732 |
| Lake Montezuma 2 Bedroom Apartments | $2,035 | $950 | $3,380 |
| Lake Montezuma 3 Bedroom Apartments | $2,408 | $875 | $3,747 |
| Lake Montezuma 4 Bedroom Apartments | $861 | $769 | $949 |
Browse Top Apartments in Lake Montezuma
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Lake Montezuma, AZ Local Guide
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Cheapest Available Lake Montezuma Apartments for Rent and Nearby
 The cheapest available apartment rental in Lake Montezuma, AZ is a 4 Beds unit found at Commons at Sawmill in the La Plaza Vieja neighborhood priced from $780. Clifford in the Central Mesa neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Lake Montezuma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Commons at Sawmill | 4 Bed Unf Premium | 4BR,2BA | $780 |
| Clifford | S1 | 1BR,1BA | $1,000 |
| Willow Ridge Apartments | Private Room/Private Bath | 1BR,1BA | $1,046 |
Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby
As of January 24, 2026 the best value apartment in the Lake Montezuma area is the $0.57 price per square foot 1001 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $850. The second greatest value Lake Montezuma apartment is the B2 Model at Inspiration Apartments starting at $1,919 with a $1.87 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 | 1001 | 4BR,4BA | $0.57 |
| Inspiration Apartments | B2 | 2BR,2BA | $1.87 |
| Tapestry at Granville | Onyx | 1BR,1BA | $1.83 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1.97 |
| Willow Creek Apartments | 1x1 | 1BR,1BA | $1.55 |
| Sierra on 66 | Explore ADA | 2BR,1BA | $1.76 |
| The Flats at Jasper | 1A | 1BR,1BA | $2.12 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $2.06 |
| Granite Mountain | Ponderosa | 1BR,1BA | $2.19 |
| Willow Ridge Apartments | 1BR/1BA | 1BR,1BA | $2.13 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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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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 $1,000.
How much is rent for a Cheap One Bedroom Lake Montezuma Apartment?
The lowest price for a Cheap One Bedroom Lake Montezuma Apartment is $1,000 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 $1,030 at Commons at Sawmill.
What is the most affordable Lake Montezuma Three Bedroom Apartment?
The best deal on a cheap Lake Montezuma Three Bedroom Apartment rental is at Terraces at Glassford Hill and starts from $1,680.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.