
Cheap Apartments for Rent with Specials in Phoenix, AZ from $500 (506 Rentals)
Apartments in Phoenix with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
Search the lowest-cost Apartments available for rent right now in Phoenix.


2025 West Apartment Homes

Crosstown Phoenix

LUMINA ON 19th APARTMENTS

Ascent on Broadway

Sunrise on 35th

Madera at Metro

Biltmore on the Lake

Spectra Midtown

Northern Chateau Apartments
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

The Mod Apartments

The Square on Indian School

Allora Phoenix Apartments

Kinley at Biltmore

Augustine at Glendale

Sunrise Vista

Towers on 19th

The Resort on 27th

The Loreto Apartments

Tesoro Apartments

Collins off Colter*

Tides on McDowell

Seventh

Portola North Phoenix

Park at 33rd

Glenrosa Park

Azul Apartments

Woodbridge Apartment Homes

Terra Villa Apartments

North Mountain Apartments

Rancho La Fuente

North Mountain Village

Tides on East Cactus

Residences at Falcon Park

Cornell Apartments

Tides on 27th

Paloma Village

Sierra Pines

Nightingale on 25th

Papago Vista

Presidio North Apartments

Urban Walk Apartments

Villa Toscana

Motif

Parq at East Arcadia

Summit on Thomas

West 35th Apartments

The Edge on Seventeen

Sera Bella
Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix Studio Apartments | $1,444 | $611 | $6,649 |
Phoenix 1 Bedroom Apartments | $1,690 | $669 | $10,000+ |
Phoenix 2 Bedroom Apartments | $2,091 | $849 | $10,000+ |
Phoenix 3 Bedroom Apartments | $2,555 | $840 | $10,000+ |
Phoenix 4 Bedroom Apartments | $1,881 | $650 | $10,000+ |
Phoenix 5 Bedroom Apartments | $1,627 | $999 | $2,995 |
Explore Phoenix
Phoenix, AZ Local Guide
- Phoenix Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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.
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 a cheap apartment in Phoenix?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phoenix is under $699.
What is the price of a cheap apartment in Phoenix?
The cheapest apartment in Phoenix is McCarty on Monroe which is listed at $530, while the average apartment in Phoenix costs $2,522.
What types of apartments are the cheapest in Phoenix?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8,101 regular apartments in Phoenix that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Phoenix?
Cheap apartments in Phoenix have an average cost of $370 which is $2,152 cheaper than the average rent for all rentals in Phoenix.
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.

A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.