
Cheap 2 Bedroom Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $849 (224 Rentals)


Vista Village on Van Buren

2115 W Glenrosa Ave

The Resort on 27th

Rancho Montanas Senior Apartments

Terrasol

Urban Walk Apartments
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!

4303 N 26th St

The Onyx Apartments

2402 N 24th St

3415 E Earll Dr

Papago Gardens Apartments

The Palms

Camelback Courtyard

1735 E Sheridan St
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

4719 N 15th Ave

Cactus Canyon

1234 N 36th St

1226 W Roosevelt St

1623 E Wood St

110 N 9th Ave

Portola at Papago

4920 E Holly St

2301 N 28th St

Papago Vista

Sunrise in Biltmore

U @ 19th Apartments

1422 E Adams St

Tides on Osborn

The Palmer

Melrose Villas

Missouri Crossing

Estilo

Garden Terrace Apartments

1623 W Missouri Ave

310 W Earll Dr

The Landry on McDowell

The Coronado
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 | $1,403 | $691 | $3,308 |
Downtown Phoenix 1 Bedroom Apartments | $1,733 | $670 | $4,560 |
Downtown Phoenix 2 Bedroom Apartments | $2,279 | $849 | $10,000+ |
Downtown Phoenix 3 Bedroom Apartments | $2,704 | $900 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,520 | $850 | $6,000 |
Explore Phoenix
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 $794.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Park Lee which is listed at $854, while the average apartment in Downtown Phoenix costs $2,299.
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 175 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 $151 which is $2,148 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.