Top Rated Apartments for Rent in Phoenix, AZ Under $1,500 (257 Rentals)

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Apartments in Phoenix with the best features, newest construction, and richest amenities.

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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Phoenix, AZ Local Guide

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 Phoenix

How much are Studio apartments in Phoenix?

There are currently 648 Studio Apartments in Phoenix with rent ranges from $220 to $6,649 with an average price of $1,825.

What is the current price range for One Bedroom Phoenix Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Phoenix ranges from $676 to $25,000 with an average monthly rent of $1,676.

What does renting a Two Bedroom Apartment in Phoenix cost?

The monthly rent prices of Two Bedroom Apartments currently available in Phoenix range from $799 to $22,495. Today's average rental price for Two Bedrooms here is $2,058.

How expensive are Phoenix Three Bedroom Apartments?

There are currently 932 Three Bedroom Apartments listings available in Phoenix on ApartmentHomeLiving.com. The pricing ranges from $840 to $20,000 - averaging $2,578 for the location.

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.

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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).

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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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.

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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.