Cheap Apartments for Rent near Phoenix, MD from $1,009 (46 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

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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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Flats at 703
Rent Specials
$1,736 - $2,442

Total Monthly Price

Base Rent$1,736 - $2,442
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Flats at 703

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

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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The Monkton Hotel
1 Bedroom Apartments

The Monkton Hotel

1900 Monkton RdMonkton, MD 21111
Corporate Housing
  • Utilities Included
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2013 Shepperd Rd
2 Bedroom Apartments

2013 Shepperd Rd

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

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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Showing Results 1-46, 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 Studio unit found at The Lakes Apartments and Townhomes in the Cockeysville neighborhood priced from $1,009. 5 Corners Apartments in the Cockeysville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,227. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Lakes Apartments and TownhomesStudioStudio, 1BA$1,009
5 Corners ApartmentsOne Bedroom1BR, 1BA$1,227
Warren Place Senior Apartments 62+One Bedroom One Bath1BR, 1BA$1,256
Wintergreen Apartments1BR- Wintergreen1BR, 1BA$1,310
Hunt Club1 BEDROOM 1 BATH1BR, 1BA$1,319
Cranbrook Hills ApartmentsOne Bedroom1BR, 1BA$1,327
Hickory Hill Apartments2 bedroom2BR, 1BA$1,330
Cromwell Valley Apartments1 Bedroom 1 Bath1BR, 1BA$1,392
The Apartments at Saddle Brooke1BR 1BA (760sf)1BR, 1BA$1,409
Padonia Village Apartments1 Bedroom 1 Bath1BR, 1BA$1,447

Best Value Apartments for Rent in Phoenix, MD and Nearby

As of September 18, 2026 the best value apartment in the Phoenix area is the $1.53 price per square foot 3BFU Model at Briarcliff Apartments in the Cockeysville neighborhood starting from $2,342. The second greatest value Phoenix apartment is the Two Bedroom B2B Model at 20 Lambourne in the Towson Park neighborhood starting at $1,740 with a $1.71 price per square foot. 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.
Briarcliff Apartments3BFU3BR, 2BA$1.53
20 LambourneTwo Bedroom B2B2BR, 2BA$1.71
Somerset at TowsonThe Bosley1BR, 1BA$1.45
DeertreeCrescent Townhome2BR, 1.5BA$1.68
Charlesgate Apartments1 Bedroom 1 Bath1BR, 1BA$1.82
Top Field Apartment HomesOne Bedroom - 985 sqft1BR, 1BA$1.62
Steeplechase Apartment Homes1bedroom/1bath1BR, 1BA$1.80
Cranbrook Hills ApartmentsOne Bedroom1BR, 1BA$1.79
Wintergreen Apartments1BR- Wintergreen1BR, 1BA$1.80
Warren Place Senior Apartments 62+One Bedroom One Bath1BR, 1BA$1.79

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 The Lakes Apartments and Townhomes listed at $1,009.

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

The lowest price for a Cheap One Bedroom Phoenix Apartment is $1,102 at The Lakes Apartments and Townhomes.

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 $1,262 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 Hunt Club and starts from $1,784.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.