Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (199 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Los Olivos area of Phoenix.

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property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013
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Los Olivos, Phoenix, AZ Local Guide

Cheapest Available Los Olivos Apartments for Rent

 

The cheapest available apartment rental in the Los Olivos area of Phoenix, AZ is a 1 Bed unit found at McCarty on Monroe priced from $647. Marquee has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. Here are the most affordable Los Olivos apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
McCarty on Monroe1 Bedroom (A)1BR,1BA$647
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$670
2025 West Apartment HomesS1Studio,1BA$747
Spectra MidtownS2CStudio,1BA$773
Omnia on ThomasCoronadoStudio,1BA$802
The Loreto ApartmentsJunior StudioStudio,1BA$859
Roosevelt PointD24BR,4BA$875
La Monte 21BR/1.0BA1BR,1BA$875
16th Ave ApartmentsStudio/1 BathStudio,1BA$895
The Shorewood3601 N 5th Ave - 2081BR,1BA$900

Best Value Apartments for Rent in Los Olivos, AZ

As of April 28, 2025 the best value apartment in the Los Olivos area is the $1.43 price per square foot 2x1 B1 R Model at Large 2 bedroom units central Phoenix in the in the Downtown Phoenix neighborhood starting from $1,299. The second greatest value Los Olivos apartment is the Two Bedroom Model at The Coronado starting at $1,299 with a $1.47 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Los Olivos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
The CoronadoTwo Bedroom2BR,2BA$1.47
60 at Melrose2 bed 2 bath2BR,2BA$1.53
722 W Moreland St, Unit 722722 W Moreland St1BR,1BA$1.53
Playton Place1 Bed, 1 bath1BR,1BA$1.58
Aura at Midtown1x1 Plan1BR,1BA$1.49
The Shorewood3601 N 5th Ave - 2081BR,1BA$1.18
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04
La Monte 21BR/1.0BA1BR,1BA$1.59

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Pet Friendly Lifestyle
Los Olivos, Phoenix, AZ

Ranked #9

Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Los Olivos, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Arizona and customized analysis for Central Phoenix. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Los Olivos Apartments

What is a cheap apartment in Los Olivos?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Los Olivos is under $900.

What is the price of a cheap apartment in Los Olivos?

The cheapest apartment in Los Olivos is McCarty on Monroe which is listed at $647, while the average apartment in Los Olivos costs $2,443.

What types of apartments are the cheapest in Los Olivos?

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 106 regular apartments in Los Olivos 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 Los Olivos?

Cheap apartments in Los Olivos have an average cost of $182 which is $2,261 cheaper than the average rent for all rentals in Los Olivos.

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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