Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ Under $700 (21 Rentals)

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Desert Sun Apartments
Studio to 2 Bedroom Apartments

Desert Sun Apartments

2025 W Turney AvePhoenix, AZ 85015
  • Utilities Included
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Sunrise Villas
Studio to 3 Bedroom Apartments

Sunrise Villas

4141-4142 N 45th PlPhoenix, AZ 85018
  • Utilities Included
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Sun Terrace
1 Bedroom Apartments

Sun Terrace

1709 N 25th PlPhoenix, AZ 85008
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Turney Apartments
1 to 3 Bedroom Apartments

Turney Apartments

2025 E Turney AvePhoenix, AZ 85016
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Biltmore 24
Studio to 2 Bedroom Apartments

Biltmore 24

4221-4227 N 24th StPhoenix, AZ 85016
  • Utilities Included
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La Prada Apartments
Studio to 1 Bedroom Apartments

La Prada Apartments

829 N 4th AvePhoenix, AZ 85003
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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2930 N 35th St
Studio Apartments

2930 N 35th St

2930 N 35th StPhoenix, AZ 85018
  • Utilities Included
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The Villager Apartments
Studio to 1 Bedroom Apartments

The Villager Apartments

5110 N 19th AvePhoenix, AZ 85015
  • Utilities Included
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Rosewood Court
1 to 3 Bedroom Apartments

Rosewood Court

5104 N 16th AvePhoenix, AZ 85015

Downtown Phoenix - One of the Best Affordable Neighborhoods in 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!

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Woodland West
Studio to 1 Bedroom Apartments

Woodland West

1201 W Woodland AvePhoenix, AZ 85007
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Hillcrest Arms
Studio to 2 Bedroom Apartments

Hillcrest Arms

1908 N 32nd StPhoenix, AZ 85008
  • Utilities Included
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Pasadena Villas
1 to 3 Bedroom Apartments

Pasadena Villas

1616 W Pasadena AvePhoenix, AZ 85015

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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Cambridge Apartments
1 to 2 Bedroom Apartments

Cambridge Apartments

1701 E Cambridge StPhoenix, AZ 85006
  • Utilities Included

Downtown Phoenix, Phoenix, AZ Local Guide

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.

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Frequently Asked Questions about Downtown Phoenix

How much are Studio apartments in Downtown Phoenix?

There are currently 299 Studio Apartments in Downtown Phoenix with rent ranges from $634 to $3,773 with an average price of $1,380.

What is the current price range for One Bedroom Downtown Phoenix Apartments for rent?

Today's rental pricing for One Bedroom Apartments in Downtown Phoenix ranges from $670 to $5,500 with an average monthly rent of $1,697.

What does renting a Two Bedroom Apartment in Downtown Phoenix cost?

The monthly rent prices of Two Bedroom Apartments currently available in Downtown Phoenix range from $849 to $16,199. Today's average rental price for Two Bedrooms here is $2,340.

How expensive are Downtown Phoenix Three Bedroom Apartments?

There are currently 276 Three Bedroom Apartments listings available in Downtown Phoenix on ApartmentHomeLiving.com. The pricing ranges from $899 to $14,995 - averaging $2,712 for the location.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.