Cheap Homes for Rent in Phoenix, AZ from $600 (617 Rentals)

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Cheap Homes in Phoenix.

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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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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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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property at 8902 N 19th Ave

8902 N 19th Ave

PhoenixAZ85021
property at 5312 E Taylor St

5312 E Taylor St

PhoenixAZ85008
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Phoenix, AZ Local Guide

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 05/07/2025

Current apartment rentals in the Phoenix, AZ area range in price from $650 to $60,000 with an overall median price of $7,374. The three Phoenix neighborhoods with the lowest median rent pricing are Lehi Community Improvement at $1,375, Bethany Square Neighborhood at $700, and West Plaza Estates at $1,250. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Lehi Community Improvement$1,375$1,3751
Bethany Square Neighborhood$1,825$70011
West Plaza Estates$1,850$1,25015
Maryland Manor$1,850$1,40012
Alta Mesa$1,950$1,15018
Encanto$1,950$1,50013
Freedom Run Encanto$1,950$75012
Adobe Hills$1,972$70043
Woodcreek Town Homes$1,995$70015
Classics at Veramonte$1,995$1,10043

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a Studio unit found at Sunrise Vista in the South Phoenix neighborhood priced from $450. The Venue on Camelback Apartments in the Encanto neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $644. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sunrise VistaStudioStudio,1BA$450
The Venue on Camelback ApartmentsHoneyStudio,1BA$644
Tides on 51st0BD, 1BTHStudio,1BA$663
Aspire West PhoenixStudioStudio,1BA$666
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$670
Crosstown Phoenixe10a - WestStudio,1BA$683
Centerline on Glendale Phase IIB12BR,1BA$694
Alta Vista VillageStudioStudio,1BA$699
Biltmore on the Lakest1dStudio,1BA$699
Cielo ApartmentsStudioStudio,1BA$699

Best Value Apartments for Rent in Phoenix, AZ

As of May 07, 2025 the best value apartment in the Phoenix area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Phoenix apartment is the Alpine - 2 Bedrooms 2.5 Bathrooms Model at Elevation Townhomes starting at $2,045 with a $1.15 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.53
Elevation TownhomesAlpine - 2 Bedrooms 2.5 Bathrooms2BR,2.5BA$1.15
Camelback GardensTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
Legacy Crossing I & II3 bedroom3BR,2BA$0.97
Luna VillaB12BR,1BA$1.16
Tides on West DunlapA11BR,1BA$1.19
Paradise Palms I1 Bedroom1BR,1BA$1.06
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
Park LeeOne-Bedroom1BR,1BA$1.06
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04

Quick Rent Budget Calculator

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Frequently Asked Questions about Phoenix

What type of rentals are currently available in Phoenix?

There are currently 5714 Apartments for Rent in Phoenix, AZ with pricing that ranges from $450 to $25,216. There are also 4332 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $650 to $60,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phoenix ranges from $650 to $60,000 with an average monthly rent of $7,051.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phoenix range from $840 to $25,216, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $28,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $650.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.