
Cheap Homes for Rent in Lake Montezuma, AZ from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Montezuma.


4340 Garden Ln

4210 N Montezuma Ave

3701 Sabino Trail

1915 Manzanita Trail
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.

5230 E Sapphire Cir

1343 5 Star Blvd

1770 Bluff Dr

4872 E Meadow Vista Dr

65 Verde Valley School Rd
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.
Lake Montezuma, AZ Local Guide

How much does it cost to rent a home in Lake Montezuma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Montezuma 2 Bedroom Homes for Rent | $2,309 | $1,385 | $3,950 |
| Lake Montezuma 3 Bedroom Homes for Rent | $2,527 | $1,710 | $5,200 |
| Lake Montezuma 4 Bedroom Homes for Rent | $4,247 | $3,595 | $4,900 |
Browse Top Homes for Rent 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 |
| Prescott Lakes | Ironwood | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby
As of December 23, 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 2x2 Model at Willow Creek Apartments starting at $1,496 with a $1.38 price per square foot in the Forbing Park neighborhood. 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 |
| Willow Creek Apartments | 2x2 | 2BR,2BA | $1.38 |
| Inspiration Apartments | B2 | 2BR,2BA | $1.87 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1.97 |
| Aspen Leaf | 2 x 1 (860 SF) | 2BR,1BA | $1.93 |
| Terraces at Glassford Hill | Prickly Pear | 1BR,1BA | $1.96 |
| Sierra on 66 | Explore ADA | 2BR,1BA | $1.76 |
| The Flats at Jasper | 1A | 1BR,1BA | $2.12 |
| Tapestry at Granville | Smokey Quartz | 1BR,1BA | $2.20 |
| Granite Mountain | Ponderosa | 1BR,1BA | $2.19 |
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 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 Lake Montezuma, AZ Rentals by Map
See the most popular apartments and homes in Lake Montezuma, AZ
Frequently Asked Questions about Lake Montezuma
What type of rentals are currently available in Lake Montezuma?
There are currently 53 Apartments for Rent in Lake Montezuma, AZ with pricing that ranges from $759 to $3,192. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Montezuma ranging from $1,385 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 $1,385 to $5,200 with an average monthly rent of $2,708.
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 $3,176, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,710 to $5,200. Four Bedroom Single-Family rentals are also available starting from $3,595 and Four Bedroom Apartments start at $759.
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

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.