
Cheap Homes for Rent in Mormon Lake, AZ from $1,600 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Mormon Lake.


540 Panorama Blvd

250 Sunset Dr

2860 N Fairview Dr

2352 Chof Trail

2707 N Walnut Hills 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.

390 Cedar St

130 Castle Rock Rd

130 Canyon Cir Dr

1721 N Fairway Dr

811 Dusty Rose Dr

30 Quartz 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.

3001 E Butler Ave

3340 S Litzler Dr

17810 S Walapai Rd

4005 S Lake Mary Rd

315 E Zuni Dr

4260 E Spring Meadows Cir
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.
Mormon Lake, AZ Local Guide

How much does it cost to rent a home in Mormon Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mormon Lake 2 Bedroom Homes for Rent | $3,193 | $1,600 | $10,000+ |
| Mormon Lake 3 Bedroom Homes for Rent | $3,795 | $2,100 | $10,000+ |
| Mormon Lake 4 Bedroom Homes for Rent | $5,357 | $2,500 | $10,000+ |
| Mormon Lake 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
Browse Top Homes for Rent in Mormon Lake
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Mormon Lake, AZ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Millpond Village Apartments | ONE Bedroom | 1BR,1BA | $1,200 |
| Woodlands Village Apartments | Studio | Studio,1BA | $1,365 |
| Homestead Talking Glass | Palomino | 1BR,1BA | $1,395 |
| University Square Apartments | Studio | Studio,1BA | $1,455 |
| The Place At Forest Ridge | Zuni | Studio,1BA | $1,482 |
Best Value Apartments for Rent in Mormon Lake, AZ and Nearby
As of June 15, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Wavertree Apartments | 4x4 | 4BR,4BA | $0.60 |
| Clear Creek Village | 2BR/2BA - 950 | 2BR,2BA | $1.07 |
| Country Club Meadows Apartments | Two Bedroom 1.5 Bath | 2BR,1.5BA | $2.00 |
| Ridge at Clear Creek | 2BR/2BA | 2BR,2BA | $1.11 |
| Park Place Flagstaff | 2x2 Style 5 | 2BR,2BA | $1.68 |
| Aspen Leaf | 2 x 2 (860 SF) | 2BR,2BA | $2.09 |
| Commons at Sawmill | 2 Bed Furn Premium | 2BR,2BA | $1.16 |
| Sterling Pointe | McMillian | 1BR,1BA | $2.21 |
| Granite Mountain | Ponderosa | 1BR,1BA | $2.19 |
| Homestead Talking Glass | Pinto with Detached Garage | 1BR,1BA | $2.16 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Mormon Lake, AZ Rentals by Map
See the most popular apartments and homes in Mormon Lake, AZ
Frequently Asked Questions about Mormon Lake
What type of rentals are currently available in Mormon Lake?
There are currently 55 Apartments for Rent in Mormon Lake, AZ with pricing that ranges from $649 to $5,855. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mormon Lake ranging from $1,600 to $12,000.
What is the current price range for Rental Homes in Mormon Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Mormon Lake ranges from $1,600 to $12,000 with an average monthly rent of $3,128.
How much are larger Three and Four Bedroom Rentals in Mormon Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Mormon Lake range from $739 to $3,856, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $10,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $794.
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

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.

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.

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.