Cheap Apartments for Rent in the Central Phoenix Neighborhood of Phoenix, AZ from $500 (19 Rentals)

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

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Bonfire Apartments
1 to 2 Bedroom Apartments

Bonfire Apartments

529-530 E Mariposa StPhoenix, AZ 85012
Utilities inc.
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Waterside
2 Bedroom Apartments

Waterside

4233 N Longview AvePhoenix, 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

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10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014
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La Monte 2
1 Bedroom Apartments

La Monte 2

4207 N 9th StPhoenix, AZ 85014
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Rise Midtown
Studio to 2 Bedroom Apartments

Rise Midtown

3815 N 16th StPhoenix, AZ 85016
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Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
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The Vines
1 Bedroom Apartments

The Vines

1110 E Highland AvePhoenix, AZ 85014
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The Devonshire
1 to 2 Bedroom Apartments

The Devonshire

4214 N 10th StPhoenix, AZ 85014
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Central Phoenix, Phoenix, AZ Local Guide

Cheapest Available Central Phoenix Apartments for Rent

 

The cheapest available apartment rental in the Central Phoenix area of Phoenix, AZ is a Studio unit found at The Venue on Camelback Apartments priced from $570. Seventh has the second lowest priced unit, which is a Studio apartment currently listed from $764. Here are the most affordable Central Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Venue on Camelback ApartmentsHoneyStudio,1BA$570
SeventhStudio - ClassicStudio,1BA$764
Collins off Colter*S1Studio,1BA$832
La Monte 21BR/1.0BA1BR,1BA$900
Camelback Cove ApartmentsStudioStudio,1BA$954

Best Value Apartments for Rent in Central Phoenix, AZ

As of February 21, 2025 the best value apartment in the Central Phoenix area is the $1.70 price per square foot The Haver Model at Novella at Biltmore in the in the Central Phoenix neighborhood starting from $3,375. The second greatest value Central Phoenix apartment is the 2D Model at The Clayton on Highland starting at $1,900 with a $1.49 price per square foot in the Encanto neighborhood. Here is today’s list of the best values for Central Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Novella at BiltmoreThe Haver3BR,2.5BA$1.70
The Clayton on Highland2D2BR,2.5BA$1.49
San Mateo TownhomesThree Bedroom Two Bathroom 1266 Sq Ft With Atta...3BR,2BA$1.58
Partenza on HighlandTwo Bedroom, One Bath2BR,1BA$1.76
Playton Place1 Bed, 1 bath1BR,1BA$1.58
Highland TerraceOne Bed/ One Bath1BR,1BA$1.53
Encanto Park Apartments1 Beds, 1 Baths1BR,1BA$1.60
The ArcosStudioStudio ,1BA$1.71
La Monte 21BR/1.0BA1BR,1BA$1.64
The Venue on Camelback ApartmentsHoneyStudio ,1BA$1.37

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Pet Friendly Lifestyle
Central Phoenix, Phoenix, AZ

Ranked #69

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, 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 filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Central Phoenix Apartments

What is the Cheapest Studio apartment in Central Phoenix?

Currently the most affordable Cheap Studio Apartment in Central Phoenix is at The Venue on Camelback Apartments listed at $570.

How much is rent for a Cheap One Bedroom Central Phoenix Apartment?

The lowest price for a Cheap One Bedroom Central Phoenix Apartment is $886 at Collins off Colter*.

What is the lowest price for a Cheap Two Bedroom Central Phoenix Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Phoenix is starting from $1,212 at The Venue on Camelback Apartments.

What is the most affordable Central Phoenix Three Bedroom Apartment?

The best deal on a cheap Central Phoenix Three Bedroom Apartment rental is at Seventh and starts from $1,767.

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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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.

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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.

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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.