
Cheap Homes for Rent in Lake Montezuma, AZ from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Montezuma.


4360 E Waldron Rd

1322 Marauder Dr
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.

499 S 2nd St

4203 E Commercial Way

586 S Sawmill Gardens Dr
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.
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 | $2,558 | $1,080 | $5,200 |
| Lake Montezuma 3 Bedroom Homes for Rent | $3,081 | $1,185 | $10,000+ |
| Lake Montezuma 4 Bedroom Homes for Rent | $7,250 | $4,500 | $10,000+ |
| Lake Montezuma 5 Bedroom Homes for Rent | $2,900 | $2,900 | $2,900 |
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 Studio unit found at Clifford in the South Phoenix neighborhood priced from $899. Mountain View Villa Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $990. 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 | $899 |
| Mountain View Villa Apartments | Studio | Studio,1BA | $990 |
| Millpond Village Apartments | ONE Bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby
As of July 02, 2026 the best value apartment in the Lake Montezuma area is the $0.57 price per square foot 4x4 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $850. The second greatest value Lake Montezuma apartment is the The Cottonwood (Three Bed, Two Bath) Model at The Villas at Riverwalk starting at $2,500 with a $1.76 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 | $0.57 |
| The Villas at Riverwalk | The Cottonwood (Three Bed, Two Bath) | 3BR,2BA | $1.76 |
| 333 N 16th St | Unfurnished, 1-year long-term rental | 2BR,2BA | $1.33 |
| Sierra on 66 | Trek | 3BR,2BA | $1.57 |
| Mulberry Farms | Hotel California | 2BR,2BA | $1.89 |
| Clear Creek Village | 2BR/2BA - 950 | 2BR,2BA | $0.95 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.00 |
| Park Place Flagstaff | 2x2 Style 5 | 2BR,2BA | $1.68 |
| Commons at Sawmill | 2 Bed Furn Premium | 2BR,2BA | $1.11 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1.86 |
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 #118
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!
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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 59 Apartments for Rent in Lake Montezuma, AZ with pricing that ranges from $750 to $4,283. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Montezuma ranging from $1,080 to $10,000.
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 $1,080 to $10,000 with an average monthly rent of $3,407.
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 $750 to $4,283, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $10,000. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $819.
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

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.

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.

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.