Cheap Homes for Rent in Fairwood Neighborhood of Phoenix, AZ from $1,300 (34 Rentals)

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Search the lowest-cost Homes available for rent right now in the Fairwood 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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5044 W Mercer Ln

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Fairwood, Phoenix, AZ Local Guide

Cheapest Available Fairwood Apartments for Rent

 

The cheapest available apartment rental in the Fairwood area of Phoenix, AZ is a 1 Bed unit found at The Union on 28th priced from $825. Aspire Thunderbird has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Fairwood apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Union on 28thOne Bedroom A1BR,1BA$825
Aspire Thunderbird1C | One Bedroom1BR,1BA$875
Portola North PhoenixWillowStudio,1BA$875
Luna VillaB12BR,1BA$889
Villa ToscanaOne Bedroom Platinum1BR,1BA$899
Madera at MetroOne Bedroom One Bathroom1BR,1BA$950
Villages at Metro Center1 Bed - 1 Bath (Renovated)1BR,1BA$954
North Mountain VillageStudioStudio,1BA$969
Bridge Lane Apartment HomesStudioStudio,1BA$980
Sierra PinesPalisade1BR,1BA$981

Best Value Apartments for Rent in Fairwood, AZ

As of April 10, 2025 the best value apartment in the Fairwood area is the $1.26 price per square foot 2 Story Townhouse Model at Acoma Thunderbird Townhomes in the in the Deer Valley neighborhood starting from $1,375. The second greatest value Fairwood apartment is the Mesa Model at Sierra Pines starting at $1,607 with a $1.65 price per square foot in the North Phoenix neighborhood. Here is today’s list of the best values for Fairwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Acoma Thunderbird Townhomes2 Story Townhouse2BR,2.5BA$1.26
Sierra PinesMesa2BR,2BA$1.65
Ardella on 28th2 Bed 1.5 Bath2BR,1.5BA$1.51
VerveB22BR,2BA$1.72
Luna VillaB12BR,1BA$1.10
Indigo CreekSanctuary1BR,1BA$1.62
RenaissanceCamelot1BR,1BA$1.61
MotifA2 Premium1BR,1BA$1.57
Tela Verde Apartment HomesOne Bedroom One Bath1BR,1BA$1.48
Portola North PhoenixWillowStudio ,1BA$1.72

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Frequently Asked Questions about Fairwood

What type of rentals are currently available in Fairwood?

There are currently 71 Apartments for Rent in Fairwood, AZ with pricing that ranges from $775 to $3,842. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairwood ranging from $1,300 to $4,200.

What is the current price range for Rental Homes in Fairwood?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairwood ranges from $1,300 to $4,200 with an average monthly rent of $2,367.

How much are larger Three and Four Bedroom Rentals in Fairwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairwood range from $1,354 to $3,362, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,775 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,920 and Four Bedroom Apartments start at $1,795.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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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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.

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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.