Cheap Homes for Rent in Lake Montezuma, AZ from $1,500 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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.

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 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 Studio apartment currently listed from $999. Here is today’s list of the most affordable Lake Montezuma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Commons at Sawmill4 Bed Unf Premium4BR,2BA$780
CliffordS1Studio,1BA$999
The Place At Forest RidgeCoconinoStudio,1BA$1,234
Highland Village ApartmentsStudioStudio,1BA$1,399
Woodlands Village ApartmentsStudioStudio,1BA$1,430

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

As of October 31, 2025 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 C1 Model at Inspiration Apartments starting at $2,116 with a $1.79 price per square foot . 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 Apartments10014BR,4BA$0.57
Inspiration ApartmentsC13BR,2BA$1.79
Willow Creek Apartments2x22BR,2BA$1.47
Homestead Talking GlassAppaloosa2BR,2BA$1.72
Aspen Leaf2 x 1 (860 SF)2BR,1BA$2.05
Terraces at Glassford HillPrickly Pear1BR,1BA$2.07
Sierra on 66Explore2BR,1BA$1.76
The Flats at Jasper1A1BR,1BA$2.12
Sterling PointeMcMillian1BR,1BA$2.14
Granite MountainPonderosa1BR,1BA$2.19

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Lake Montezuma, AZ Rentals by Map

View Map
Lake Montezuma, AZ Apartments Map
View Map
Lake Montezuma, AZ Rental Homes Map

Frequently Asked Questions about Lake Montezuma

What type of rentals are currently available in Lake Montezuma?

There are currently 50 Apartments for Rent in Lake Montezuma, AZ with pricing that ranges from $759 to $3,797. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Montezuma ranging from $1,560 to $5,200.

What is the current price range for Rental Homes in Lake Montezuma?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Montezuma ranges from $1,560 to $5,200 with an average monthly rent of $2,454.

How much are larger Three and Four Bedroom Rentals in Lake Montezuma?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Montezuma range from $875 to $3,797, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $5,200. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $780.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.