Cheap Apartments for Rent in Phoenix, AZ from $300 (1,877 Rentals)

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Cielo Apartments
Rent Specials
$627 - $1,535
Total Monthly Price

Total Monthly Price

Base Rent
$483 - $1,391
Required Monthly Fees
Varies
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Cielo Apartments

8222 N 19th AvePhoenix, AZ 85021
Corporate Housing
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Sunrise Vista
Rent Specials
$650 - $1,593
Total Monthly Price

Total Monthly Price

Base Rent
$650 - $1,593
Total Monthly Price
$650 - $1,593
Studio to 3 Bedroom Apartments Available Now

Sunrise Vista

4415 S 28th StPhoenix, AZ 85040
Affordability
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  • Utilities Included

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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Aspire West Phoenix
Rent Specials
$699 - $825
Total Monthly Price

Total Monthly Price

Base Rent
$685 - $811
Required Monthly Fees
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Studio to 2 Bedroom Apartments Available Now

Aspire West Phoenix

4903 W Thomas RdPhoenix, AZ 85031
Affordability
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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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Madera at Metro
Rent Specials
$739 - $1,455
Total Monthly Price

Total Monthly Price

Base Rent
$719 - $1,435
Required Monthly Fees
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Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Madera at Metro

3161 W Cheryl DrPhoenix, AZ 85051
Affordability
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Adara
Rent Specials
$741 - $3,462
Total Monthly Price

Total Monthly Price

Base Rent
$679 - $3,400
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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Park Vista
Rent Specials
$745 - $1,444
Total Monthly Price

Total Monthly Price

Base Rent
$711 - $1,410
Required Monthly Fees
$34
Total Monthly Price
$745 - $1,444
Studio to 2 Bedroom Apartments Available Now

Park Vista

3221 W El Camino DrPhoenix, AZ 85051
Corporate Housing
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Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

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Tides on 51st
Rent Specials
$749 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$738 - $1,139
Required Monthly Fees
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Total Monthly Price
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Studio to 1 Bedroom Apartments Available Now

Tides on 51st

2634 N 51st AvePhoenix, AZ 85035
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Omnia on Thomas
Rent Specials
$749 - $2,530
Total Monthly Price

Total Monthly Price

Base Rent
$724 - $2,505
Required Monthly Fees
Varies
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Omnia on Thomas

1645 E Thomas RdPhoenix, AZ 85016
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Summit on Thomas
Rent Specials
$750 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$475 - $1,075
Required Monthly Fees
$275
Total Monthly Price
$750 - $1,350
Studio to 1 Bedroom Apartments Available Now

Summit on Thomas

2735 E Thomas RdPhoenix, AZ 85016
Affordability
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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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Sierra Pines
Rent Specials
$758 - $1,720
Total Monthly Price

Total Monthly Price

Base Rent
$685 - $1,647
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sierra Pines

9410 N 31st AvePhoenix, AZ 85051
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Capri on Camelback
$790 - $1,870
Total Monthly Price

Total Monthly Price

Base Rent
$751 - $1,831
Required Monthly Fees
Varies
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Capri on Camelback

5115 N 40th StPhoenix, AZ 85018
Corporate Housing
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Phoenix, AZ Local Guide

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Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 03/29/2026

Current apartment rentals in the Phoenix, AZ area range in price from $526 to $31,260 with an overall median price of $6,403. The three Phoenix neighborhoods with the lowest median rent pricing are McAfee Heights at $925, Reed Park at $899, and Cottage Grove at $899. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
McAfee Heights$1,250$92546
Reed Park$1,307$89975
Cottage Grove$1,313$89969
Fuller Ranch$1,347$89934
Colony by the Green$1,350$77925
Fairway North$1,350$9369
Freedom Run Encanto$1,400$1,4001
N East Mesa Gateway Airport$1,400$1,00021
Alta Mesa$1,430$1,1088
Adobe Hills$1,436$1,00025

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Phoenix Scholar House in the Encanto neighborhood priced from $526. Residence at Tolleson in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $599. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix Scholar HousePhoenix Scholar House 1/1 588 SF1BR,1BA$526
Residence at TollesonStudioStudio,1BA$599
Sunrise on 35thStudioStudio,1BA$604
Legacy Crossing I & IILG2 3 Bedroom3BR,2BA$639
Sunrise VistaStudioStudio,1BA$650
2025 West Apartment HomesS1Studio,1BA$675
Spectra MidtownS2CStudio,1BA$689
Centerline on Glendale Phase IIB12BR,1BA$694
Arcadia 302x12BR,1BA$695
Collins off Colter*S1 - Phase lStudio,1BA$696

Best Value Apartments for Rent in Phoenix, AZ

As of March 29, 2026 the best value apartment in the Phoenix area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Phoenix apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,059 with a $0.73 price per square foot in the Downtown Tempe 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.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.53
Nine20 TempeD1 PHPV4BR,4BA$0.73
Matthew Henson Apartments3 Bedroom Townhouse3BR,2.5BA$1.12
Legacy Crossing I & II3 bedroom3BR,2BA$0.97
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.11
Villa Serena2 Bed/1.5 Bath Townhome Available! 6 Week Off S...2BR,1.5BA$1.08
Rancho CieloL2AC50RC2BR,2BA$0.90
Arcadia 302x12BR,1BA$0.84
Windrose Villas ApartmentsTwo Bedroom, One Bath2BR,1BA$0.94
Park LeeOne-Bedroom1BR,1BA$1.06

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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How much rent can you afford?

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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Phoenix Overview

Phoenix is the capital of Arizona, but there is a rich and diverse cultural history to this city that extends well beyond the local government. Phoenix is the home to many businesses, artists, and scholars and so much more that make it a wonderful place to call home. Combine all of that with a wide variety of superb options of apartments for rent and rental homes in the Phoenix metro area and you have a recipe for a truly amazing place to live.

Why live in Phoenix, AZ?

Phoenix is one of the fastest growing cities in the United States, with new companies and jobs arriving almost daily. The warm weather and relatively low cost of living has made the area very attractive to everyone from young professionals looking for their first job to retirees looking to take advantage of the mild winters and low cost of living while still having all of the advantages of living in a major city. Many people are flocking to the area to take advantage of job opportunities with companies such as Avnet, Mesa Air Group, and a variety of large hospitals and research centers.

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

Explore Phoenix, AZ Rentals by Map

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See the most popular apartments and homes in Phoenix, AZ

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Frequently Asked Questions about Cheap Phoenix Apartments

What is a cheap apartment in Phoenix?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Phoenix is under $696.

What is the price of a cheap apartment in Phoenix?

The cheapest apartment in Phoenix is Phoenix Scholar House which is listed at $526, while the average apartment in Phoenix costs $6,403.

What types of apartments are the cheapest in 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 53,517 regular apartments in 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 Phoenix?

Cheap apartments in Phoenix have an average cost of $571 which is $5,832 cheaper than the average rent for all rentals in Phoenix.

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.

Helpful Local Expert Guides

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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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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

Written by: Andrew Jollett

I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Written by: Andrew Jollett

Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Written by: Andrew Jollett

Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.