Cheap Apartments for Rent in the Story Neighborhood of Phoenix, AZ from $500 (132 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Story 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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Story, Phoenix, AZ Local Guide

Cheapest Available Story Apartments for Rent

 

The cheapest available apartment rental in the Story area of Phoenix, AZ is a Studio unit found at 2025 West Apartment Homes priced from $644. McCarty on Monroe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here are the most affordable Story apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
2025 West Apartment HomesS1Studio,1BA$644
McCarty on Monroe1 Bedroom (A)1BR,1BA$647
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$670
Spectra MidtownS2CStudio,1BA$773
The Wexler Apartments0x1 A RenoStudio,1BA$825
The Resort on 27th1 Bed x 1 Bath Jr -1BR,1BA$845
Roosevelt PointD14BR,4BA$850
Courtyard at Encanto ApartmentsStudioStudio,1BA$850
La Monte 21BR/1.0BA1BR,1BA$875
16th Ave ApartmentsStudio/1 BathStudio,1BA$895

Best Value Apartments for Rent in Story, AZ

As of April 09, 2025 the best value apartment in the Story 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 Story 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 Story 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
Oasis Apartments2/1 Remodel2BR,1BA$1.63
915 W Woodland Ave, Unit 915 UNIT 1915 W Woodland Ave2BR,1BA$1.57
Aura at Midtown1x1 Plan1BR,1BA$1.49
McCarty on Monroe1 Bedroom (A)1BR,1BA$0.93
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04
Palisade Park Aparments1x1 Platinum1BR,1BA$1.61
La Monte 21BR/1.0BA1BR,1BA$1.59

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Pet Friendly Lifestyle
Story, 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
Story, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, places that make kids happy, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Story Apartments

What is a cheap apartment in Story?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Story is under $895.

What is the price of a cheap apartment in Story?

The cheapest apartment in Story is McCarty on Monroe which is listed at $647, while the average apartment in Story costs $2,459.

What types of apartments are the cheapest in Story?

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 107 regular apartments in Story 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 Story?

Cheap apartments in Story have an average cost of $228 which is $2,231 cheaper than the average rent for all rentals in Story.

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

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.