Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (40 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Central Avenue Corridor area of Phoenix.

property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 3302 N 7th St

3302 N 7th St

PhoenixAZ85014
close
View Me
Moon River Apartments
1 to 2 Bedroom Apartments

Moon River Apartments

4415-4420 N 8th AvePhoenix, AZ 85013
  • Utilities Included
close
View Me
La Monte 2
1 Bedroom Apartments

La Monte 2

4207 N 9th StPhoenix, AZ 85014

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

close
View Me
10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014
close
View Me
9 Melrose
1 to 2 Bedroom Apartments

9 Melrose

4127 N 9th AvePhoenix, AZ 85013
  • Utilities Included
close
View Me
4444 N 7th Ave
Studio to 3 Bedroom Apartments

4444 N 7th Ave

4444 N 7th AvePhoenix, AZ 85013
  • Utilities Included
close
View Me
45 E Lexington
Studio to 1 Bedroom Apartments

45 E Lexington

45 E Lexington AvePhoenix, AZ 85012
  • Utilities Included
close
View Me
Roanoke Terrace
1 to 2 Bedroom Apartments

Roanoke Terrace

44 E Roanoke AvePhoenix, AZ 85004
  • Utilities Included
close
View Me
Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
close
View Me
The Devonshire
1 to 2 Bedroom Apartments

The Devonshire

4214 N 10th StPhoenix, AZ 85014
  • Utilities Included
close
View Me
801 Turney Apartments
1 to 2 Bedroom Apartments

801 Turney Apartments

801 W Turney AvePhoenix, AZ 85013
  • Utilities Included
close
View Me
Metropolitan
Studio to 1 Bedroom Apartments

Metropolitan

3124 N 7th AvePhoenix, AZ 85013
  • Utilities Included
close
View Me
14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014
close
View Me
Aura at Midtown
1 to 3 Bedroom Apartments

Aura at Midtown

3613-3644 N 5th AvePhoenix, AZ 85013
close
View Me
208 E Virginia Ave
2 Bedroom Apartments

208 E Virginia Ave

208 E Virginia AvePhoenix, AZ 85004
  • Utilities Included
close
View Me
Fringe Midtown
1 to 2 Bedroom Apartments

Fringe Midtown

948 E Devonshire AvePhoenix, AZ 85014

Central Avenue Corridor, Phoenix, AZ Local Guide

Cheapest Available Central Avenue Corridor Apartments for Rent

 

The cheapest available apartment rental in the Central Avenue Corridor area of Phoenix, AZ is a 1 Bed unit found at La Monte 2 priced from $875. Melrose3130 has the second lowest priced unit, which is a Studio apartment currently listed from $987. Here are the most affordable Central Avenue Corridor apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
La Monte 21BR/1.0BA1BR,1BA$875
Melrose3130S1 ClassicStudio,1BA$987
The Wexler Apartments0x1 B RenoStudio,1BA$1,050
Midtown FlatsA11BR,1BA$1,155
Aura at Midtown1x1 Plan1BR,1BA$1,156
Large 2 bedroom units central Phoenix2x1 B2 P2BR,1BA$1,259
60 at Melrose2 bed 2 bath2BR,2BA$1,300
Haven at MidtownSteele 1x11BR,1BA$1,310
301 Courtyard LivingCasita style living!! One bedroom with washer/d...1BR,1BA$1,345

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of April 25, 2025 the best value apartment in the Central Avenue Corridor area is the $1.38 price per square foot B1 Model at The Phoenix Apartments on 6th Avenue in the in the Encanto neighborhood starting from $1,355. The second greatest value Central Avenue Corridor apartment is the 2x1 B1 R Model at Large 2 bedroom units central Phoenix starting at $1,299 with a $1.43 price per square foot in the Downtown Phoenix neighborhood. Here is today’s list of the best values for Central Avenue Corridor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Phoenix Apartments on 6th AvenueB12BR,2BA$1.38
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
The LexConcord1BR,1BA$1.88
60 at Melrose2 bed 2 bath2BR,2BA$1.54
Urbana on 12th2x22BR,2BA$1.84
Aura at Midtown1x1 Plan1BR,1BA$1.48
The HawthorneThe Monroe1BR,1BA$1.83
The Station on CentralA11BR,1BA$2.01
Curve at MelroseStudioStudio ,1BA$1.99
La Monte 21BR/1.0BA1BR,1BA$1.59

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

Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #69

Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Arizona, including Phoenix. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, family-friendliness, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Central Avenue Corridor Apartments

What is a cheap apartment in Central Avenue Corridor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Avenue Corridor is under $1,345.

What is the price of a cheap apartment in Central Avenue Corridor?

The cheapest apartment in Central Avenue Corridor is La Monte 2 which is listed at $875, while the average apartment in Central Avenue Corridor costs $2,455.

What types of apartments are the cheapest in Central Avenue Corridor?

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 42 regular apartments in Central Avenue Corridor 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 Central Avenue Corridor?

Cheap apartments in Central Avenue Corridor have an average cost of $231 which is $2,224 cheaper than the average rent for all rentals in Central Avenue Corridor.

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 A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.