Cheap Apartments for Rent in the Central City South Neighborhood of Phoenix, AZ from $500 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central City South area of Phoenix.

Ascent on Broadway

Victory Place I-IV

610 N 4th Ave

1605 W Latham St

328 N 11th Pl

1233 W Pierce St

Roosevelt Point

16th Ave Apartments

X Phoenix
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Ambassador West Apartments

Anova Central Station

1214 W Roosevelt St

322 N 17th Dr

VB on 12th

325 North 11th St

370 W Mohave St

Derby PHX

The Continental
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841 N 6th Ave

1529 E McKinley St

4301 S 7th Ave

1226 W Roosevelt St

601 N 6th Ave

The Maeve Central Station

ReNue Downtown Apartments

The Stewart

Mason Oliver
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1421 E Fillmore St

Portrait at Hance Park

Circa Central Avenue

Roosevelt Square

1530 E Diamond St, Unit 3

1457 E Taylor St

401 N 13th Pl

AVE Phoenix Sky

Union at Roosevelt
Phoenix's Best Affordable Neighborhoods
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1313 W Taylor St

2045 W Washington St

The Met at 3rd and Fillmore

817 N 6th St

The Rey Downtown

Rosie

Lydian

The Battery

1146 W Apache St, Unit Apt 1
Central City South, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Central City South?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Central City South Studio Apartments | $1,573 | $720 | $3,003 |
Central City South 1 Bedroom Apartments | $2,044 | $670 | $5,500 |
Central City South 2 Bedroom Apartments | $2,942 | $926 | $7,054 |
Central City South 3 Bedroom Apartments | $2,951 | $899 | $9,997 |
Central City South 4 Bedroom Apartments | $886 | $849 | $1,775 |
Browse Apartments in this Neighborhood
There are currently 73 rentals with your search options within a 2 mile radius of the Central City South Neighborhood of Phoenix, AZ.
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Central City South, Phoenix, AZ Local Guide
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Cheapest Available Central City South Apartments for Rent
 The cheapest available apartment rental in the Central City South area of Phoenix, AZ is a 1 Bed unit found at Marquee priced from $670. McCarty on Monroe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here are the most affordable Central City South apartments for rent in Phoenix, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Marquee | One Bedroom 559 Sq Ft A | 1BR,1BA | $670 |
McCarty on Monroe | 1 Bedroom (A) | 1BR,1BA | $717 |
Victory Place I-IV | Studio | Studio,1BA | $720 |
Ascent on Broadway | Studio | Studio,1BA | $720 |
Roosevelt Point | D2 | 4BR,4BA | $849 |
16th Ave Apartments | Studio/1 Bath | Studio,1BA | $895 |
Matthew Henson Apartments | 1 Bedroom Tax Credit*** | 1BR,1BA | $927 |
X Phoenix | COLIVING Suites in 4 BR/4BA | Studio,1BA | $950 |
Reflections On Portland | One Bedroom | 1BR,1BA | $963 |
Ambassador West Apartments | One Bedroom | 1BR,1BA | $963 |
Best Value Apartments for Rent in Central City South, AZ
As of May 11, 2025 the best value apartment in the Central City South area is the $1.77 price per square foot 3 Bedroom/3.5 Bathrooms Model at 8th and Row Townhomes in the in the South Phoenix neighborhood starting from $2,795. The second greatest value Central City South apartment is the Village Model at The Met at 3rd and Fillmore starting at $2,250 with a $1.89 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Central City South apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
8th and Row Townhomes | 3 Bedroom/3.5 Bathrooms | 3BR,3.5BA | $1.77 |
The Met at 3rd and Fillmore | Village | 2BR,2BA | $1.89 |
Matthew Henson Apartments | One Bedroom Garden | 1BR,1BA | $1.55 |
McCarty on Monroe | 1 Bedroom (A) | 1BR,1BA | $1.04 |
Willetta Apartments | Woodhaven | 1BR,1BA | $1.82 |
Dahlia Village | One Bedroom | 1BR,1BA | $1.83 |
Marquee | One Bedroom 559 Sq Ft A | 1BR,1BA | $1.04 |
Ambassador West Apartments | One Bedroom | 1BR,1BA | $2.00 |
Victory Place I-IV | Studio | Studio ,1BA | $1.50 |
Ascent on Broadway | Studio | Studio ,1BA | $1.76 |
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.
Pet Friendly LifestyleCentral City South, Phoenix, AZ
Ranked #28
Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Central City South, Phoenix, AZ
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Central Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Central City South Neighborhood in Phoenix, AZ
Walk Score®
48 / 100
Car-Dependent
Most errands require a car
Bike Score®
58 / 100
Bikeable
Some bike infrastructure
Transit Score®
45 / 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 Central City South Apartments
What is a cheap apartment in Central City South?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central City South is under $963.
What is the price of a cheap apartment in Central City South?
The cheapest apartment in Central City South is Marquee which is listed at $670, while the average apartment in Central City South costs $2,951.
What types of apartments are the cheapest in Central City South?
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 88 regular apartments in Central City South 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 City South?
Cheap apartments in Central City South have an average cost of $197 which is $2,754 cheaper than the average rent for all rentals in Central City South.
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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