Cheap Apartments for Rent in Mormon Lake, AZ from $500 (60 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mormon Lake.

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.

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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.

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Elkwood
Rent Specials
$1,930 - $3,331
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$1,930 - $3,331
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Studio to 2 Bedroom Apartments Available Now

Elkwood

1002 N 4th StFlagstaff, AZ 86004
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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.

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Plaza Way
Rent Specials
$1,988 - $2,455
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Total Monthly Price

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$1,988 - $2,455
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1 to 2 Bedroom Apartments Available Now

Plaza Way

1580 S Plaza WayFlagstaff, AZ 86001
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Aura Flagstaff
Rent Specials
$2,024 - $2,160
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$2,024 - $2,160
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1 to 2 Bedroom Apartments Available Now

Aura Flagstaff

151 W High Country TrlFlagstaff, AZ 86005
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Table Rock
Rent Specials
$2,074 - $2,540
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Total Monthly Price

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$2,074 - $2,540
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2 to 3 Bedroom Apartments Available Aug 10

Table Rock

3400S Lake Mary RdFlagstaff, AZ 86005
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Timberline Place
Rent Specials
$2,184 - $3,001
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$2,184 - $3,001
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1 to 3 Bedroom Apartments Available Now

Timberline Place

4343 E Soliere AveFlagstaff, AZ 86004
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Castle Rock Studios
Studio to 1 Bedroom Apartments

Castle Rock Studios

1313 S Milton RdFlagstaff, AZ 86001
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Granite Mountain
1 to 2 Bedroom Apartments

Granite Mountain

8683 E Commons CirPrescott Valley, AZ 86314

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.

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Shadowbrook
1 to 3 Bedroom Apartments

Shadowbrook

145 Navajo DrSedona, AZ 86336

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Mormon Lake, AZ Local Guide

Cheapest Available Mormon Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mormon Lake, AZ is a 1 Bed unit found at Millpond Village Apartments in the La Plaza Vieja neighborhood priced from $1,200. Woodlands Village Apartments in the Downtown Flagstaff neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,365. Here is today’s list of the most affordable Mormon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Millpond Village ApartmentsONE Bedroom1BR,1BA$1,200
Woodlands Village ApartmentsStudioStudio,1BA$1,365
University Square ApartmentsStudioStudio,1BA$1,455
Homestead Talking GlassPalomino1BR,1BA$1,455
The Place At Forest RidgeZuniStudio,1BA$1,482
Pine View Village ApartmentsStudioStudio,1BA$1,500
Granite MountainSonoran1BR,1BA$1,550
Butterfield ApartmentsStudioStudio,1BA$1,575
The Crossings at WindsongLariat1BR,1BA$1,606
University WestOne Bedroom1BR,1BA$1,625

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

As of June 13, 2026 the best value apartment in the Mormon Lake area is the $0.60 price per square foot 4x4 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $900. The second greatest value Mormon Lake apartment is the 2BR/2BA - 950 Model at Clear Creek Village starting at $1,014 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Wavertree Apartments4x44BR,4BA$0.60
Clear Creek Village2BR/2BA - 9502BR,2BA$1.07
Country Club Meadows ApartmentsTwo Bedroom 1.5 Bath2BR,1.5BA$2.00
Ridge at Clear Creek2BR/2BA2BR,2BA$1.11
Park Place Flagstaff2x2 Style 52BR,2BA$1.68
Aspen Leaf2 x 2 (860 SF)2BR,2BA$2.09
Commons at Sawmill2 Bed Furn Premium2BR,2BA$1.16
Sterling PointeMcMillian1BR,1BA$2.21
Granite MountainPonderosa1BR,1BA$2.19
Homestead Talking GlassPalomino1BR,1BA$2.11

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.

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Real 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.

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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.

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

Explore Mormon Lake, AZ Rentals by Map

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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 Woodlands Village Apartments listed at $1,365.

How much is rent for a Cheap One Bedroom Mormon Lake Apartment?

The lowest price for a Cheap One Bedroom Mormon Lake Apartment is $1,200 at Millpond Village Apartments.

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 $1,400 at Millpond Village Apartments.

What is the most affordable Mormon Lake Three Bedroom Apartment?

The best deal on a cheap Mormon Lake Three Bedroom Apartment rental is at Homestead Talking Glass and starts from $1,905.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.