Cheap Apartments for Rent in Phoenix, AZ from $500(1,406 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
4401 N 12th St
$8951 Bedroom, 1 Bath Home for RentAvailable Now

4401 N 12th St

Phoenix, AZ 85014
View Details
Showing Results 1-50, Page 1 of 29

Phoenix, AZ Local Guide

Photo of Trey Huguley - Senior Manager, Product Marketing
Written By:
Trey Huguley
Senior Manager, Product Marketing

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 12/23/2024

Current apartment rentals in the Phoenix, AZ area range in price from $356 to $25,000 with an overall median price of $2,600. The three Phoenix neighborhoods with the lowest median rent pricing are Pleasant Shadows at $849, North Center Street at $849, and Brentwood-Cavalier at $900. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Pleasant Shadows$1,370$84997
North Center Street$1,457$84985
Brentwood-Cavalier$1,504$900216
Broadmor$1,520$549210
Hudson Manor$1,525$549440
Jen Tilly Terrace$1,559$549418
Daley Park$1,599$549267
University Heights$1,600$549459
Southwest Phoenix$1,607$734130
Cave Creek$1,617$1,18012

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Centerline on Glendale in the Ocotillo Disctrict neighborhood priced from $578. The Venue on Camelback Apartments in the Encanto neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $655. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Centerline on Glendale1 Bed, 1 bath1BR,1BA$578
The Venue on Camelback ApartmentsAmber1BR,1BA$655
Tides on 61st AveA11BR,1BA$666
2025 West Apartment HomesS1Studio,1BA$683
Tides on 51st0BD, 1BTHStudio,1BA$693
Vista Village on Van BurenStudioStudio,1BA$699
Eclipse ApartmentsStudioStudio,1BA$700
Park LeeOne-Bedroom1BR,1BA$715
Victory Place I-IVStudioStudio,1BA$720
Sunrise on 35thSTStudio,1BA$725

Best Value Apartments for Rent in Phoenix, AZ

As of December 24, 2024 the best value apartment in the Phoenix area is the $0.68 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $1,269. The second greatest value Phoenix apartment is the 2X2WD Model at Station 19 Apartments starting at $1,249 with a $1.16 price per square foot in the North Phoenix neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.68
Station 19 Apartments2X2WD2BR,2BA$1.16
Paradise Greens2 Bedroom2BR,2BA$1.16
Bella Vista2Bedroom2BR,1BA$1.10
Rancho Montanas Senior ApartmentsA22BR,2BA$1.01
Legacy Crossing I & IILG2 2 Bedroom2BR,2BA$0.92
Copper Stone on 32nd2B2B - A2BR,2BA$1.19
University Valley Apartments2x2 (By the Bedspace with a Private Bathroom)Mo...2BR,2BA$0.94
Park LeeOne-Bedroom1BR,1BA$1.06
Centerline on Glendale1 Bed, 1 bath1BR,1BA$0.89

Quick 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.

decorative image of people with a giant lease agreement

Phoenix Overview

Phoenix is the capital of Arizona, but there is a rich and diverse cultural history to this city that extends well beyond the local government. Phoenix is the home to many businesses, artists, and scholars and so much more that make it a wonderful place to call home. Combine all of that with a wide variety of superb options of apartments for rent and rental homes in the Phoenix metro area and you have a recipe for a truly amazing place to live.

Why live in Phoenix, AZ?

Phoenix is one of the fastest growing cities in the United States, with new companies and jobs arriving almost daily. The warm weather and relatively low cost of living has made the area very attractive to everyone from young professionals looking for their first job to retirees looking to take advantage of the mild winters and low cost of living while still having all of the advantages of living in a major city. Many people are flocking to the area to take advantage of job opportunities with companies such as Avnet, Mesa Air Group, and a variety of large hospitals and research centers.

Phoenix, AZ
Population: 1,660,272

Ranked #5

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Pet Friendly Lifestyle
Phoenix, AZ

Ranked #1

Among cities in Arizona for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Phoenix, AZ Rentals by Map

Decorative image of map

See the most popular apartments and homes in Phoenix, AZ

View MapPhoenix, AZ Apartments MapView MapPhoenix, AZ Rental Homes Map

Getting Around Phoenix, AZ

Walk Score®

52 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

59 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Phoenix Apartments

What is the Cheapest Studio apartment in Phoenix?

Currently the most affordable Cheap Studio Apartment in Phoenix is at 2025 West Apartment Homes listed at $683.

How much is rent for a Cheap One Bedroom Phoenix Apartment?

The lowest price for a Cheap One Bedroom Phoenix Apartment is $578 at Centerline on Glendale.

What is the lowest price for a Cheap Two Bedroom Phoenix Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Phoenix is starting from $694 at Centerline on Glendale.

What is the most affordable Phoenix Three Bedroom Apartment?

The best deal on a cheap Phoenix Three Bedroom Apartment rental is at Centerline on Glendale and starts from $802.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.