Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (191 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Los Olivos 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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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$683
Spectra MidtownS2CStudio,1BA$773
Omnia on ThomasCoronadoStudio,1BA$794
The Wexler Apartments0x1 A RenoStudio,1BA$825
Roosevelt PointD24BR,4BA$850
The Loreto ApartmentsJunior StudioStudio,1BA$859
La Monte 21BR/1.0BA1BR,1BA$875
16th Ave ApartmentsStudio/1 BathStudio,1BA$895

Best Value Apartments for Rent in Los Olivos, AZ

As of April 07, 2025 the best value apartment in the Los Olivos area is the $1.44 price per square foot The Jefferson Model at The Hawthorne in the in the Encanto neighborhood starting from $1,500. The second greatest value Los Olivos apartment is the B1 Model at The Phoenix Apartments on 6th Avenue starting at $1,455 with a $1.48 price per square foot in the Encanto 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.
The HawthorneThe Jefferson2BR,2BA$1.44
The Phoenix Apartments on 6th AvenueB12BR,2BA$1.48
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
915 W Woodland Ave, Unit 915 UNIT 1915 W Woodland Ave2BR,1BA$1.57
The CoronadoTwo Bedroom2BR,2BA$1.47
60 at Melrose2 bed 2 bath2BR,2BA$1.56
Playton Place1 Bed, 1 bath1BR,1BA$1.58
Aura at Midtown1x1 Plan1BR,1BA$1.50
McCarty on Monroe1 Bedroom (A)1BR,1BA$0.93
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04

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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

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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 $895.

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 $2,390.

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 104 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 $207 which is $2,183 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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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

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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

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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.