Cheap Apartments for Rent in the Central City Neighborhood of Phoenix, AZ from $600 (21 Rentals)

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

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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McCarty on Monroe
1 Bedroom Apartments

McCarty on Monroe

1130 E Monroe StPhoenix, AZ 85034
Senior Living
  • Utilities Included
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1846 E Washington
Studio Apartments

1846 E Washington

1846 E WashingtonPhoenix, AZ 85034
  • Utilities Included
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The Vue
Studio Apartments

The Vue

402 N 10th StPhoenix, AZ 85006
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Lofts@10 Apartments
1 to 2 Bedroom Apartments

Lofts@10 Apartments

2247 E Van Buren StPhoenix, AZ 85006
  • Utilities Included
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Harmony at the Park
1 to 2 Bedroom Apartments

Harmony at the Park

1950 E Polk StPhoenix, AZ 85006
  • Utilities Included

Cheapest Available Central City Apartments for Rent

 

The cheapest available apartment rental in the Central City area of Phoenix, AZ is a 1 Bed unit found at McCarty on Monroe priced from $647. X Phoenix has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Central City apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
McCarty on Monroe1 Bedroom (A)1BR,1BA$647
X PhoenixCOLIVING Suites in 4 BR/4BAStudio,1BA$950
VB on 12thA1 - StudioStudio,1BA$964
Agave Court1x11BR,1BA$1,199
Kenect PhoenixJr. Studio FurnishedStudio,1BA$1,200

Best Value Apartments for Rent in Central City, AZ

As of April 13, 2025 the best value apartment in the Central City area is the $3.33 price per square foot B1.1 Model at Adeline Luxury Living in the in the Central City neighborhood starting from $3,906. The second greatest value Central City apartment is the 2x2 Model at Agave Court starting at $1,699 with a $1.83 price per square foot in the Central City neighborhood. Here is today’s list of the best values for Central City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Adeline Luxury LivingB1.12BR,2.5BA$3.33
Agave Court2x22BR,2BA$1.83
McCarty on Monroe1 Bedroom (A)1BR,1BA$0.93
Mason OliverA11BR,1BA$2.21
The BatteryA-11BR,1BA$2.48
The Tailor1 Bed 1 Bath1BR,1BA$3.08
The RyanS2Studio ,1BA$3.00
1933 E Monroe StStudio1BR,1BA$2.90
AVE Phoenix SkyE2Studio ,1BA$3.17
VB on 12thA2 - StudioStudio ,1BA$3.14

Getting Around the Central City Neighborhood in Phoenix, AZ

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

65 / 100

Bikeable

Some bike infrastructure

Transit Score®

54 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Central City Apartments

What is a cheap apartment in Central City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central City is under $1,530.

What is the price of a cheap apartment in Central City?

The cheapest apartment in Central City is McCarty on Monroe which is listed at $647, while the average apartment in Central City costs $3,075.

What types of apartments are the cheapest in Central City?

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 44 regular apartments in Central City 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?

Cheap apartments in Central City have an average cost of $417 which is $2,658 cheaper than the average rent for all rentals in Central City.

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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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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