Cheap Apartments for Rent in Phoenix, MD from $900 (48 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Flats at 703
Rent Specials
$1,693 - $2,447
Total Monthly Price

Total Monthly Price

Base Rent
$1,693 - $2,447
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Flats at 703

703 Washington AveTowson, MD 21204
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Monkton Hotel
1 Bedroom Apartments

The Monkton Hotel

1900 Monkton RdMonkton, MD 21111
Corporate Housing
  • Utilities Included
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Deertree
1 to 4 Bedroom Apartments

Deertree

10000 Greenside DrCockeysville, MD 21030
Corporate Housing

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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2013 Shepperd Rd
2 Bedroom Apartments

2013 Shepperd Rd

2013 Shepperd RdMonkton, MD 21111
  • Utilities Included
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-48, Page 1 of 1

Phoenix, MD Local Guide

Cheapest Available Phoenix Apartments for Rent and Nearby

 

The cheapest available apartment rental in Phoenix, MD is a 1 Bed unit found at 5 Corners Apartments in the The Lakes neighborhood priced from $971. Cranbrook Hills Apartments in the The Lakes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,077. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
5 Corners ApartmentsOne Bedroom1BR,1BA$971
Cranbrook Hills ApartmentsOne Bedroom1BR,1BA$1,077
The Lakes Apartments and TownhomesOne bedroom1BR,1BA$1,077
Warren Place Senior Apartments 62+One Bedroom One Bath1BR,1BA$1,256
The Apartments at Saddle Brooke1BR 1BA (640sf)1BR,1BA$1,361
Hills at Kenilworth1A1BR,1BA$1,370
Wintergreen Apartments1BR- Wintergreen1BR,1BA$1,388
Somerset at TowsonThe Bosley1BR,1BA$1,390
Towson PromenadePlan C (A1C)1BR,1BA$1,408
Steeplechase Apartment Homes1bedroom/1bath1BR,1BA$1,450

Best Value Apartments for Rent in Phoenix, MD and Nearby

As of June 20, 2026 the best value apartment in the Phoenix area is the $1.75 price per square foot 3 Bedroom Model at Versailles Apartments in the in the Lake Walker neighborhood starting from $2,699. The second greatest value Phoenix apartment is the 3BFU Model at Briarcliff East Apartments starting at $2,342 with a $1.53 price per square foot in the The Lakes neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Versailles Apartments3 Bedroom3BR,2BA$1.75
Briarcliff East Apartments3BFU3BR,2BA$1.53
Somerset at TowsonThe York2BR,1.5BA$1.48
Ivy Hall Apartments2 Bedrooms 2 Bath2BR,2BA$1.61
Hunt Club3 BEDROOM 2 BATH3BR,2BA$1.69
DeertreeWestbury Classic3BR,1.5BA$1.75
Cranbrook Hills ApartmentsOne Bedroom with den1BR,1BA$1.53
The Lakes Apartments and TownhomesOne bedroom1BR,1BA$1.45
Warren Place Senior Apartments 62+One Bedroom One Bath1BR,1BA$1.79
5 Corners ApartmentsOne Bedroom1BR,1BA$1.51

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Phoenix Apartments

What is the Cheapest Studio apartment in Phoenix?

Currently the most affordable Cheap Studio Apartment in Phoenix is at Flats at 703 listed at $1,693.

How much is rent for a Cheap One Bedroom Phoenix Apartment?

The lowest price for a Cheap One Bedroom Phoenix Apartment is $971 at 5 Corners Apartments.

What is the lowest price for a Cheap Two Bedroom Phoenix Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Phoenix is starting from $1,117 at The Lakes Apartments and Townhomes.

What is the most affordable Phoenix Three Bedroom Apartment?

The best deal on a cheap Phoenix Three Bedroom Apartment rental is at Eagle Rock Apartments at Towson and starts from $1,880.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.