
Cheap Homes for Rent in Lake Montezuma, AZ from $1,300 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Lake Montezuma.


1343 5 Star Blvd

1915 Manzanita Trail

1322 Marauder 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.

1770 Bluff Dr

1735 Bluff Dr

4450 Juniper Trail

1650 Manzanita Dr
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 | $2,812 | $1,310 | $6,000 |
| Lake Montezuma 3 Bedroom Homes for Rent | $2,886 | $1,695 | $6,500 |
| Lake Montezuma 4 Bedroom Homes for Rent | $3,531 | $2,495 | $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. Willow Ridge Apartments in the Forbing Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. 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 |
| Willow Ridge Apartments | Private Room/Private Bath | 1BR,1BA | $998 |
| Clifford | S1 | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Lake Montezuma, AZ and Nearby
As of February 15, 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 Sorrel Model at Homestead Talking Glass starting at $2,015 with a $1.71 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wavertree Apartments | 1001 | 4BR,4BA | $0.57 |
| Homestead Talking Glass | Sorrel | 3BR,2BA | $1.71 |
| Winfield at the Ranch | 2 Bed | 2BR,2BA | $1.73 |
| 858 Valley St | 2 Bedroom | 2BR,2BA | $1.97 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.13 |
| Aspen Leaf | 2 x 1 (860 SF) | 2BR,1BA | $2.05 |
| Willow Creek Apartments | 1x1 | 1BR,1BA | $1.68 |
| Sierra on 66 | Explore | 2BR,1BA | $1.76 |
| Terraces at Glassford Hill | Desert Willow | 1BR,1BA | $1.98 |
| Willow Ridge Apartments | 1BR/1BA | 1BR,1BA | $1.83 |
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!
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Frequently Asked Questions about Lake Montezuma
What type of rentals are currently available in Lake Montezuma?
There are currently 55 Apartments for Rent in Lake Montezuma, AZ with pricing that ranges from $699 to $3,350. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Montezuma ranging from $1,310 to $6,500.
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 $1,310 to $6,500 with an average monthly rent of $2,707.
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 $930 to $3,175, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $699.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.