Cheap Homes for Rent in Southbank Neighborhood of Phoenix, AZ from $1,000 (6 Rentals)

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Search the lowest-cost Homes available for rent right now in the Southbank 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

Southbank, Phoenix, AZ Local Guide

Cheapest Available Southbank Apartments for Rent

 

The cheapest available apartment rental in the Southbank area of Phoenix, AZ is a Studio unit found at Sunrise Vista priced from $800. The Halston has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,235. Here are the most affordable Southbank apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Sunrise VistaStudioStudio,1BA$800
The HalstonA11BR,1BA$1,235
Palms at South MountainTwo Bedroom, Two Bath2BR,2BA$1,326

Best Value Apartments for Rent in Southbank, AZ

As of March 23, 2025 the best value apartment in the Southbank area is the $1.42 price per square foot 4 bed 2.5 bath Model at Raymond Place Townhomes in the in the South Phoenix neighborhood starting from $1,945. The second greatest value Southbank apartment is the 3A Model at San Portella starting at $2,275 with a $1.74 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Southbank apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Raymond Place Townhomes4 bed 2.5 bath4BR,2.5BA$1.42
San Portella3A3BR,2BA$1.74
Esteban ParkTranquility3BR,2BA$1.55
Sanctuary at South Mountain2 Bed/2 Bath2BR,2BA$1.75
Somo LoftsStandard2BR,2BA$1.46
Solara VistaA1 -1x11BR,1BA$2.06
Parc South Mountain1x1-7261BR,1BA$1.93
MAA FountainheadThe Kahlo1BR,1BA$2.00
Palms at South MountainOne Bedroom, One Bath1BR,1BA$2.01
The HalstonA11BR,1BA$1.96

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Frequently Asked Questions about Southbank

What type of rentals are currently available in Southbank?

There are currently 63 Apartments for Rent in Southbank, AZ with pricing that ranges from $800 to $2,475. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southbank ranging from $1,099 to $3,350.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Southbank ranges from $1,099 to $3,350 with an average monthly rent of $1,937.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Southbank range from $1,460 to $2,475, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,099 to $3,350. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,945.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.