Cheap Apartments for Rent in Phoenix, AZ from $609 (2,076 Rentals)

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

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Omnia on Thomas
Rent Specials
$730 - $2,479

Total Monthly Price

Base Rent$730 - $2,479
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Omnia on Thomas

1645 E Thomas RdPhoenix, AZ 85016
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Collins off Colter*
Rent Specials
$734 - $3,646

Total Monthly Price

Base Rent$734 - $3,646
Total Monthly Price$734 - $3,646
Studio to 3 Bedroom Apartments Available Now

Collins off Colter*

5128 N 15th StPhoenix, AZ 85014
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Adara
Rent Specials
$740 - $3,162

Total Monthly Price

Base Rent$740 - $3,162
Total Monthly PriceVaries
Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
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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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Canberra Apartments
Rent Specials
$750 - $1,210

Total Monthly Price

Base Rent$750 - $1,210
Total Monthly Price$750 - $1,210
Studio to 2 Bedroom Apartments Available Now

Canberra Apartments

2929 N 36th StPhoenix, AZ 85018
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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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Tides on East Cactus
Rent Specials
$775 - $1,095

Total Monthly Price

Base Rent$775 - $1,095
Total Monthly Price$775 - $1,095
Studio to 1 Bedroom Apartments Available Now

Tides on East Cactus

2645 E Cactus RdPhoenix, AZ 85032
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Nightingale on 25th
Rent Specials
$775 - $1,325

Total Monthly Price

Base Rent$775 - $1,325
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Nightingale on 25th

15620 N 25th AvePhoenix, AZ 85023
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Crosstown Phoenix
Rent Specials
$778 - $1,853

Total Monthly Price

Base Rent$778 - $1,853
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Crosstown Phoenix

1601 W Camelback RdPhoenix, AZ 85015
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North Mountain Village
Rent Specials
$794 - $1,491

Total Monthly Price

Base Rent$794 - $1,491
Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

North Mountain Village

3333 W Thunderbird RdPhoenix, AZ 85053
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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: 09/26/2026

Current apartment rentals in the Phoenix, AZ area range in price from $541 to $32,948 with an overall median price of $1,620. The three Phoenix neighborhoods with the lowest median rent pricing are Falcons View at $975, Cactus District at $1,025, and Indian Villa at $1,050. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Falcons View$975$9502
Cactus District$1,025$74975
Indian Villa$1,050$70098
Colony by the Green$1,052$84938
Heritage Estates$1,067$82558
Southwest Phoenix$1,074$67542
Gerardo Park$1,075$659319
Fariway Gardens West Enders$1,077$84946
North Center Street$1,077$91727
Fairway North$1,077$91724

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Garfield Terrace in the South Phoenix neighborhood priced from $507. Village on Roeser in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $590. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Garfield TerraceGarfield Terrace One Bedroom1BR, 1BA$507
Village on RoeserStudioStudio, 1BA$590
Buenas Casitas on 59th0x1-500Studio, 1BA$595
Lumina on 19th ApartmentsS2Studio, 1BA$603
Legacy Crossing I & II3 bedroom3BR, 2BA$639
Buenas at 65th0x1-220Studio, 1BA$675
Los Vecinos ApartmentsStudioStudio, 1BA$675
Sunrise on 35thStudioStudio, 1BA$675
2025 West Apartment HomesS1Studio, 1BA$680
Park Vista1x1AStudio, 1BA$682

Best Value Apartments for Rent in Phoenix, AZ

As of September 26, 2026 the best value apartment in the Phoenix area is the $1.01 price per square foot 3 Bedroom 2.5 Bath Model at Monterosa Villas in the Downtown Phoenix neighborhood starting from $2,300. The second greatest value Phoenix apartment is the Furnished Townhome Model at Lofts on 8th | Student Housing in the Downtown Tempe neighborhood starting at $799 with a $0.43 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.
Monterosa Villas3 Bedroom 2.5 Bath3BR, 2.5BA$1.01
Lofts on 8th | Student HousingFurnished Townhome4BR, 4.5BA$0.43
2402 E 5th St, Unit UNIT 16182402 E 5th St4BR, 3BA$0.43
Paradise Greens3 Bedroom3BR, 2BA$0.97
Topaz PointeTopaz Pointe 3 Bedroom3BR, 2BA$1.00
2813 E Paradise Ln2 Beds, 2 Baths2BR, 2BA$1.00
Cinnabar SquareTwo Bedroom One Bathroom2BR, 1BA$1.06
Windrose Villas ApartmentsTwo Bedroom, One Bath2BR, 1BA$0.94
1702 W Vogel2 Beds, 1 Baths2BR, 1BA$1.06
Park LeeOne-Bedroom1BR, 1BA$1.06

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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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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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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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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Quick Rent Budget Calculator

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 $682.

What is the price of a cheap apartment in Phoenix?

The cheapest apartment in Phoenix is Garfield Terrace which is listed at $507, while the average apartment in Phoenix costs $1,620.

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 31,488 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 $598 which is $1,022 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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From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Written by: Andrew Jollett

I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

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Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Written by: Andrew Jollett

Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.

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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.

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A Phoenix Expert's 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.

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.