Cheap Apartments for Rent in the Midtown Phoenix Neighborhood of Phoenix, AZ from $500 (152 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Midtown Phoenix - One of the Best Affordable Neighborhoods in Phoenix

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property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013

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, 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 $683. Seventh has the second lowest priced unit, which is a Studio apartment currently listed from $707. Here are the most affordable Midtown Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Crosstown Phoenixe10a - WestStudio,1BA$683
SeventhStudio - ClassicStudio,1BA$707
Park LeeOne-Bedroom1BR,1BA$715
2025 West Apartment HomesS1Studio,1BA$769
Spectra MidtownS2CStudio,1BA$773
The Loreto ApartmentsStudioStudio,1BA$848
Park TerraceStudioStudio,1BA$849
Courtyard at Encanto ApartmentsStudioStudio,1BA$850
Ava ParkA21BR,1BA$872
Terra Villa ApartmentsStudioStudio,1BA$895

Best Value Apartments for Rent in Midtown Phoenix, AZ

As of May 11, 2025 the best value apartment in the Midtown Phoenix area is the $1.10 price per square foot Two Bedroom 1.5 Bath Model at Camelback Gardens in the in the Downtown Phoenix neighborhood starting from $1,350. The second greatest value Midtown Phoenix apartment is the 2x2 Model at The Icon on Central starting at $1,395 with a $1.43 price per square foot in the Encanto 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.
Camelback GardensTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
The Icon on Central2x22BR,2BA$1.43
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
Missouri CrossingSouthern Pacific2BR,1BA$1.48
Colter ApartmentsTwo Bedroom2BR,1BA$1.29
Aspire Camelback2 Bedroom x 1 Bath2BR,1BA$1.35
Aura at Midtown1x1 Plan1BR,1BA$1.49
Bethany at MidtownTwo Bedroom One Bathroom2BR,1BA$1.47
Park LeeOne-Bedroom1BR,1BA$1.06
Palisade Park Aparments1x1 Gold1BR,1BA$1.45

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Midtown Phoenix, Phoenix, AZ

Ranked #16

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

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 $895.

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 $2,455.

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 56 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 $180 which is $2,275 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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.