Cheap 1 Bedroom Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $670 (370 Rentals)

2025 West Apartment Homes

The Resort on 27th

Vista Village on Van Buren

1145-1147 W Fillmore St

Spectra Midtown

Cactus Canyon

2238 E Polk St
Downtown Phoenix
Named as one of the Best Affordable Areas to rent in Phoenix by our Phoenix, AZ Local Expert Andrew Jollett. See how it ranks!

The Venue on Camelback Apartments

1625 W Missouri Ave

1645 E Thomas Rd

Papago Vista

Kinley at Biltmore

The Onyx Apartments
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Papago Crossing

The Palmer

The Loreto Apartments

Courtyard at Encanto Apartments

The Palms

Papago Gardens Apartments

2347 W Coolidge St

2237 E Taylor St

1606 W Taylor St

1214 W Roosevelt St

Collins off Colter*

Senara Apartments

825 N 2nd Ave

5525 E Thomas Rd

Tides on Osborn

1849 E Virginia Ave
Downtown Phoenix, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Downtown Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Phoenix Studio Apartments | $1,401 | $683 | $3,308 |
Downtown Phoenix 1 Bedroom Apartments | $1,730 | $670 | $4,560 |
Downtown Phoenix 2 Bedroom Apartments | $2,360 | $849 | $10,000+ |
Downtown Phoenix 3 Bedroom Apartments | $2,658 | $900 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,575 | $850 | $6,000 |
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Downtown Phoenix, Phoenix, AZ Local Guide
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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.
Frequently Asked Questions about Cheap Downtown Phoenix Apartments
What is a cheap apartment in Downtown Phoenix?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Phoenix is under $795.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is McCarty on Monroe which is listed at $647, while the average apartment in Downtown Phoenix costs $2,160.
What types of apartments are the cheapest in Downtown Phoenix?
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 170 regular apartments in Downtown Phoenix 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 Downtown Phoenix?
Cheap apartments in Downtown Phoenix have an average cost of $144 which is $2,016 cheaper than the average rent for all rentals in Downtown Phoenix.
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.

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).

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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.