The fresh and rheological properties of alkali mortars activated by blast furnace slag (BFS) were investigated. Consistency tests, squeeze flow, dropping ball, mass density in the hardened state, incorporated air, and water retention were performed. Mortars were produced with the ratio 1:2:0.45 (binder:sand:water), using not only ordinary Portland cement for control but also BFS, varying the sodium content of the activated alkali mortars from 2.5 to 15%. The results obtained permitted understanding that mortars containing 2.5 to 7.5% sodium present a rheological behavior similar to cementitious mortars by the Bingham model. In turn, the activated alkali mortars containing 10 to 15% sodium showed a very significant change in the properties of dynamic viscosity, which is associated with a change in the type of model, starting to behave similar to the Herschel–Bulkley model. Evaluating the properties of incorporated air and water retention, it appears that mortars containing 12.5% and 15% sodium do not have compatible properties, which is related to the occupation of sodium ions in the interstices of the material. Thus, it is concluded that the techniques used were consistent in the rheological characterization of activated alkali mortars.