Cheap Apartments for Rent in the Midtown Phoenix Neighborhood of Phoenix, AZ from $500 (145 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Midtown Phoenix 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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Midtown 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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property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013
property at 535 W Thomas Rd

535 W Thomas Rd

PhoenixAZ85013
Showing Results 1-50, Page 1 of 3

Midtown Phoenix, Phoenix, AZ Local Guide

Cheapest Available Midtown Phoenix Apartments for Rent

 

The cheapest available apartment rental in the Midtown Phoenix area of Phoenix, AZ is a Studio unit found at Crosstown Phoenix priced from $645. 2025 West Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $704. Here are the most affordable Midtown Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Crosstown Phoenixe10a - WestStudio,1BA$645
2025 West Apartment HomesS1Studio,1BA$704
Park LeeOne-Bedroom1BR,1BA$715
Spectra MidtownS2CStudio,1BA$773
Omnia on ThomasCoronadoStudio,1BA$819
The Loreto ApartmentsStudioStudio,1BA$848
Park TerraceStudioStudio,1BA$849
Courtyard at Encanto ApartmentsStudioStudio,1BA$850
Collins off Colter*S1Studio,1BA$850

Best Value Apartments for Rent in Midtown Phoenix, AZ

As of March 26, 2025 the best value apartment in the Midtown Phoenix area is the $1.46 price per square foot 3BR/3.5BA Model at Encanto Townhomes in the in the Encanto neighborhood starting from $2,695. The second greatest value Midtown Phoenix apartment is the 1701 E Colter St Model at 1701 E Colter St starting at $1,600 with a $1.43 price per square foot in the Central Phoenix neighborhood. Here is today’s list of the best values for Midtown Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Encanto Townhomes3BR/3.5BA3BR,3.5BA$1.46
1701 E Colter St1701 E Colter St2BR,2BA$1.43
Camelback GardensTwo Bedroom, Two Bath2BR,2BA$1.25
The Parker2 Bedroom2BR,1BA$1.50
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
Missouri CrossingSouthern Pacific2BR,1BA$1.48
Colter ApartmentsTwo Bedroom2BR,1BA$1.41
2234 W Medlock Dr1 Bedroom1BR,1BA$1.35
TropicanaA1R1BR,1BA$1.52
Park LeeOne-Bedroom1BR,1BA$1.06

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Midtown Phoenix, Phoenix, AZ

Ranked #12

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
Midtown Phoenix, Phoenix, AZ

School data provided by Great Schools

Best Local Schools in
Midtown Phoenix, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Arizona, including Phoenix. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Midtown Phoenix Neighborhood in Phoenix, AZ

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Midtown Phoenix Apartments

What is a cheap apartment in Midtown Phoenix?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Phoenix is under $850.

What is the price of a cheap apartment in Midtown Phoenix?

The cheapest apartment in Midtown Phoenix is Park Lee which is listed at $715, while the average apartment in Midtown Phoenix costs $2,442.

What types of apartments are the cheapest in Midtown Phoenix?

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 1,571 regular apartments in Midtown Phoenix 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 Midtown Phoenix?

Cheap apartments in Midtown Phoenix have an average cost of $192 which is $2,250 cheaper than the average rent for all rentals in Midtown Phoenix.

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.