Cheap New Apartments for Rent in Phoenix, AZ from $500 (326 Rentals) Page 2 of 7

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

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The Battery
Rent Specials
$1,333 - $2,379
Total Monthly Price

Total Monthly Price

Base Rent
$1,333 - $2,379
Total Monthly Price
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Built in 2022Studio to 2 Bedroom Apartments Available Now

The Battery

411 S 3rd StPhoenix, AZ 85004
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Callia
Rent Specials
$1,345 - $3,606
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $3,606
Total Monthly Price
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Built in 2022Studio to 3 Bedroom Apartments Available Now

Callia

100 W Indian School RdPhoenix, AZ 85012
Student Housing
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Harwood
Rent Specials
$1,360 - $2,252Built in 2023Studio to 2 Bedroom Apartments Available Now

Harwood

2500 E Marco Polo RdPhoenix, AZ 85050
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601 Pax
Rent Specials
$1,364 - $2,841
Total Monthly Price

Total Monthly Price

Base Rent
$1,364 - $2,841
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Built in 20161 to 2 Bedroom Apartments Available Now

601 Pax

601 W Fillmore StPhoenix, AZ 85003
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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Ascend At Black Canyon
$1,401 - $2,246
Total Monthly Price

Total Monthly Price

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$1,401 - $2,246
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Built in 20231 to 3 Bedroom Apartments Available Now

Ascend At Black Canyon

28201 N Black Canyon HwyPhoenix, AZ 85085
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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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Peak 16
Rent Specials
$1,416 - $2,457
Total Monthly Price

Total Monthly Price

Base Rent
$1,416 - $2,457
Total Monthly Price
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Built in 2017Studio to 2 Bedroom Apartments Available Now

Peak 16

5151 N 16th StPhoenix, AZ 85016
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Skye on 6th
Rent Specials
$1,424 - $4,343
Total Monthly Price

Total Monthly Price

Base Rent
$1,424 - $4,343
Total Monthly Price
Varies
Built in 2023Studio to 3 Bedroom Apartments Available Now

Skye on 6th

817 N 6th StPhoenix, AZ 85004
Corporate Housing
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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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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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Spire Deer Valley
Rent Specials
$1,499 - $2,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,350
Total Monthly Price
$1,499 - $2,350
Built in 20241 to 3 Bedroom Apartments Available Now

Spire Deer Valley

24100 N 19th AvePhoenix, AZ 85085
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The Ryan
Rent Specials
$1,506 - $4,211
Total Monthly Price

Total Monthly Price

Base Rent
$1,506 - $4,211
Total Monthly Price
Varies
Built in 2019Studio to 2 Bedroom Apartments Available Now

The Ryan

188 E Jefferson StPhoenix, AZ 85004
Student Housing
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Solara Vista
Rent Specials
$1,538 - $2,331
Total Monthly Price

Total Monthly Price

Base Rent
$1,538 - $2,331
Total Monthly Price
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Built in 20241 to 3 Bedroom Apartments Available Now

Solara Vista

5885 S 32nd StPhoenix, AZ 85040
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Aura Uptown
Rent Specials
$1,553 - $2,343
Total Monthly Price

Total Monthly Price

Base Rent
$1,553 - $2,343
Total Monthly Price
Varies
Built in 2025Studio to 2 Bedroom Apartments Available Now

Aura Uptown

201 W Coolidge StPhoenix, AZ 85013
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Axis Camelback
Rent Specials
$1,583 - $3,953
Total Monthly Price

Total Monthly Price

Base Rent
$1,583 - $3,953
Total Monthly Price
Varies
Built in 20181 to 2 Bedroom Apartments Available Now

Axis Camelback

4949 N 7th StPhoenix, AZ 85014
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 51-100, Page 2 of 7

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 $672.

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 $4,038.

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 48,749 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 $577 which is $3,461 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.