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Cheap Student Apartments for Rent in Phoenix, AZ from $500 (24 Rentals)
Rentals in Phoenix near campus with by-the-room pricing and amenities for students.
Search the lowest-cost Apartments available for rent right now in Phoenix.
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Rent Specials
from $1,430Studio to 2 Bedroom Apartments Available Now
Alloy Midtown
3010 N 2nd StPhoenix, AZ 85012
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from $1,6951 to 2 Bedroom Apartments Available Now
District at Biltmore Apartments
4600 N 24th StPhoenix, AZ 85016
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from $799Studio to 4 Bedroom Apartments Available Now
Park Place Tempe
1135 E Apache BlvdTempe, AZ 85281
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Rent Specials
from $898Studio to 2 Bedroom Apartments Available Now
University Pointe Apartments
919 E Lemon StTempe, AZ 85281
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from $9994 Bedroom Apartments Available Now
Lofts on 8th | Student Housing
1403 E 8th StTempe, AZ 85281
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from $1,0504 Bedroom Apartments Available Now
Furnished 1 bed / 1 bath in a 4 bedroom ap...
1037 S Farmer AveTempe, AZ 85281
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
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from $1,1501 to 4 Bedroom Apartments Available Now
The District on Apache
977 E Apache BlvdTempe, AZ 85281
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from $1,350Studio to 3 Bedroom Apartments Contact Us For Availability
Oliv Tempe
20 E University DrTempe, AZ 85281
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Showing Results 1-24, Page 1 of 1
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
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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.
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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 $700.
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 $2,508.
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 7,938 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 $371 which is $2,137 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.