Cheap Apartments for Rent in Phoenix, AZ from $400 (1,813 Rentals)

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

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Crosstown Phoenix
Rent Specials
$684 - $1,646
Total Monthly Price

Total Monthly Price

Base Rent
$684 - $1,646
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Crosstown Phoenix

1601 W Camelback RdPhoenix, AZ 85015
Student Housing
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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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Adara
Rent Specials
$756 - $3,082
Total Monthly Price

Total Monthly Price

Base Rent
$756 - $3,082
Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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Collins off Colter*
Rent Specials
$759 - $3,608
Total Monthly Price

Total Monthly Price

Base Rent
$759 - $3,608
Total Monthly Price
$759 - $3,608
Studio to 3 Bedroom Apartments Available Now

Collins off Colter*

5128 N 15th StPhoenix, AZ 85014
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Avalon Hills
Rent Specials
$765 - $1,626
Total Monthly Price

Total Monthly Price

Base Rent
$765 - $1,626
Total Monthly Price
$765 - $1,626
1 to 2 Bedroom Apartments Available Now

Avalon Hills

3535 W Tierra Buena LnPhoenix, AZ 85053
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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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Nightingale on 25th
Rent Specials
$775 - $1,325
Total Monthly Price

Total Monthly Price

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

Nightingale on 25th

15620 N 25th AvePhoenix, AZ 85023
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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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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

Photo of Trey Huguley - Director, Product Marketing
Written By:
Trey Huguley
Director, Product Marketing

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 08/11/2026

Current apartment rentals in the Phoenix, AZ area range in price from $618 to $40,024 with an overall median price of $1,636. The three Phoenix neighborhoods with the lowest median rent pricing are Gerardo Park at $999, Cactus District at $1,050, 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
Gerardo Park$999$715344
Cactus District$1,050$78339
Indian Villa$1,050$79989
North Mountain$1,050$70031
Colony by the Green$1,070$72940
Southwest Phoenix$1,074$67534
Heritage Estates$1,075$72962
Fairview Crossing$1,101$80042
Barrel District$1,102$78398
Royal Palm$1,110$80043

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Desert Meadows in the North Phoenix neighborhood priced from $476. Garfield Terrace in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $507. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Desert Meadows1 Bedroom1BR,1BA$476
Garfield TerraceGarfield Terrace One Bedroom1BR,1BA$507
Highland Palms1 Beds, 1 Baths1BR,1BA$595
Tides on 51stStudioStudio,1BA$649
2025 West Apartment HomesS1Studio,1BA$655
Ardella on 67thOne Bedroom JuniorStudio,1BA$660
Los Vecinos ApartmentsStudioStudio,1BA$675
Sunrise on 35thStudioStudio,1BA$675
Crosstown Phoenixe10a - WestStudio,1BA$684
Chateau Gardens Apartments0x1Studio,1BA$699

Best Value Apartments for Rent in Phoenix, AZ

As of August 11, 2026 the best value apartment in the Phoenix area is the $0.43 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $799. The second greatest value Phoenix apartment is the Topaz Pointe 3 Bedroom Model at Topaz Pointe starting at $1,167 with a $1.00 price per square foot in the South Phoenix 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$0.43
Topaz PointeTopaz Pointe 3 Bedroom3BR,2BA$1.00
Villa Bella2 Beds, 2 Baths2BR,2BA$1.04
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.00
7130-7136 N 27th Ave2 Beds, 2 Baths2BR,2BA$0.95
Paradise Greens2 Bedroom2BR,2BA$1.01
2813 E Paradise Ln2 Beds, 2 Baths2BR,2BA$1.03
Foothills Court ApartmentsTwo Bedroom, One Bath2BR,1BA$1.03
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
Highland Palms1 Beds, 1 Baths1BR,1BA$0.92

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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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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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!

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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 $699.

What is the price of a cheap apartment in Phoenix?

The cheapest apartment in Phoenix is Desert Meadows which is listed at $476, while the average apartment in Phoenix costs $1,636.

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 35,485 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 $601 which is $1,035 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

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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

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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

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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

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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.