Cheap Apartments for Rent near Mormon Lake, AZ from $649 (53 Rentals)

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

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Legacy Pines
Rent Specials
$1,570 - $1,875

Total Monthly Price

Base Rent$1,570 - $1,875
Total Monthly Price$1,570 - $1,875
1 to 2 Bedroom Apartments Available Now

Legacy Pines

1105 E Ponderosa PkyFlagstaff, AZ 86001
Outdoors
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Elkwood
Rent Specials
$1,325 - $3,206

Total Monthly Price

Base Rent$1,325 - $3,206
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Elkwood

1002 N 4th StFlagstaff, AZ 86004
Eco-Friendly
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Table Rock
Rent Specials
$1,811 - $2,542

Total Monthly Price

Base Rent$1,811 - $2,542
Total Monthly PriceVaries
2 to 3 Bedroom Apartments Available Now

Table Rock

3400S Lake Mary RdFlagstaff, AZ 86005
Student Housing
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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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Timberline Place
Rent Specials
$1,975 - $2,940

Total Monthly Price

Base Rent$1,975 - $2,940
Total Monthly Price$1,975 - $2,940
1 to 3 Bedroom Apartments Available Now

Timberline Place

4343 E Soliere AveFlagstaff, AZ 86004
Student Housing
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Aura Flagstaff
Rent Specials
$2,024 - $2,650

Total Monthly Price

Base Rent$2,024 - $2,650
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Aura Flagstaff

151 W High Country TrlFlagstaff, AZ 86005
Family Friendly
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Plaza Way
$2,025

Total Monthly Price

Base Rent$2,025
Total Monthly Price$2,025
1 to 2 Bedroom Apartments Available Now

Plaza Way

1580 S Plaza WayFlagstaff, AZ 86001
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Lofts on the Mesa
Rent Specials
$2,435 - $3,155

Total Monthly Price

Base Rent$2,435 - $3,155
Total Monthly Price$2,435 - $3,155
1 to 3 Bedroom Apartments Available Now

Lofts on the Mesa

1571 N Pine Cliff DrFlagstaff, AZ 86001
Luxury
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Castle Rock Studios
Studio to 1 Bedroom Apartments

Castle Rock Studios

1313 S Milton RdFlagstaff, AZ 86001
Student Housing
  • Utilities Included

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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Granite Mountain
1 to 2 Bedroom Apartments

Granite Mountain

8683 E Commons CirPrescott Valley, AZ 86314
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Ponderosa Park
1 to 2 Bedroom Apartments

Ponderosa Park

1201 E Ponderosa PkyFlagstaff, AZ 86001
property at 130 Castle Rock Rd
$1,700 - $2,850
1 To 2 Bedroom Rentals
Available Now
Affordability

130 Castle Rock Rd

SedonaAZ86351
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Shadowbrook
1 to 3 Bedroom Apartments

Shadowbrook

145 Navajo DrSedona, AZ 86336

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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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 4 Beds unit found at Commons at Sawmill in the La Plaza Vieja neighborhood priced from $599. Wavertree Apartments in the La Plaza Vieja neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Mormon Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Commons at Sawmill4 Bed Unf Premium4BR,2BA$599
Wavertree ApartmentsFour Bedroom Four Bath (by-the-bed)4BR,4BA$699
Yugo Flagstaff Grove2 Bed, 2 Bath Classic2BR,2BA$979
ElkwoodE1AStudio,1BA$1,325
WoodcrestThe Birch1BR,1BA$1,399
The Crossings at WindsongSaddleStudio,1BA$1,443
Pine View Village ApartmentsStudioStudio,1BA$1,455
The Place At Forest RidgeKaibab1BR,1BA$1,475
Highland Village ApartmentsStudioStudio,1BA$1,499
Country Club Vista ApartmentsOne Bedroom1BR,1BA$1,550

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

As of September 13, 2026 the best value apartment in the Mormon Lake area is the $0.47 price per square foot 4x4 Model at Wavertree Apartments in the in the La Plaza Vieja neighborhood starting from $699. The second greatest value Mormon Lake apartment is the C2 Model at Skyline Lofts starting at $2,299 with a $1.79 price per square foot in the Switzer Mesa 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$0.47
Skyline LoftsC23BR,1.5BA$1.79
Table Rock3 Bed 2 Bath3BR,2BA$1.88
Butterfield ApartmentsTwo Bedroom2BR,2BA$1.74
Inspiration ApartmentsB22BR,2BA$1.85
Yugo Flagstaff Grove2 Bed, 2 Bath Renovated2BR,2BA$1.16
Fremont Station2 Bedroom 2 Bath XL2BR,2BA$1.43
Ridge at Clear Creek2BR/2BA2BR,2BA$1.07
Park Place Flagstaff2x2 Style 42BR,2BA$1.68
Yugo Flagstaff Central2 Bed, 2 Bath Plus2BR,2BA$1.63

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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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 Crossings at Windsong listed at $1,443.

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

The lowest price for a Cheap One Bedroom Mormon Lake Apartment is $1,399 at Woodcrest.

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 $899 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 Woodcrest 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.