
Cheap Apartments for Rent in Mormon Lake, AZ from $700 (1 Rental)
Search the lowest-cost Apartments available for rent right now in Mormon Lake.

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.
Mormon Lake, AZ Local Guide

How much does it cost to rent an apartment in Mormon Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mormon Lake Studio Apartments | $1,506 | $1,204 | $2,405 |
| Mormon Lake 1 Bedroom Apartments | $1,864 | $1,339 | $3,222 |
| Mormon Lake 2 Bedroom Apartments | $2,043 | $908 | $3,686 |
| Mormon Lake 3 Bedroom Apartments | $2,110 | $829 | $3,471 |
| Mormon Lake 4 Bedroom Apartments | $875 | $780 | $1,089 |
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Mormon Lake, AZ Local Guide
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Best Value Apartments for Rent in Mormon Lake, AZ and Nearby
As of December 12, 2025 the best value apartment in the Mormon Lake 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 Mormon Lake apartment is the 2 Bedroom 2½ Bath Model at Fremont Station starting at $1,189 with a $0.97 price per square foot in the Downtown Flagstaff neighborhood. Here is today’s list of the best values for Mormon Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wavertree Apartments | 1001 | 4BR,4BA | $0.57 |
| Fremont Station | 2 Bedroom 2½ Bath | 2BR,2BA | $0.97 |
| The Overlook at Buffalo Park | 2x2 Phase One | 2BR,2BA | $2.28 |
| Inspiration Apartments | B2 | 2BR,2BA | $1.83 |
| Table Rock | 2 Bed 2 Bath | 2BR,2BA | $2.30 |
| Elevation Luxury Apartments | 1x1 | 1BR,1BA | $2.29 |
| Butterfield Apartments | One Bedroom | 1BR,1BA | $2.17 |
| Canyon Springs | Aspen | 1BR,1BA | $2.36 |
| Ridge at Clear Creek | 1BR/1BA | 1BR,1BA | $2.29 |
| 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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Mormon Lake Apartments
What is the Cheapest Studio apartment in Mormon Lake?
Currently the most affordable Cheap Studio Apartment in Mormon Lake is at The Place At Forest Ridge listed at $1,204.
How much is rent for a Cheap One Bedroom Mormon Lake Apartment?
The lowest price for a Cheap One Bedroom Mormon Lake Apartment is $1,339 at The Place At Forest Ridge.
What is the lowest price for a Cheap Two Bedroom Mormon Lake Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Mormon Lake is starting from $1,030 at Commons at Sawmill.
What is the most affordable Mormon Lake Three Bedroom Apartment?
The best deal on a cheap Mormon Lake Three Bedroom Apartment rental is at The Lodge and starts from $1,899.
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.