Cheap New Apartments for Rent in Phoenix, AZ from $500 (319 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
$1,366 - $3,615
Total Monthly Price

Total Monthly Price

Base Rent
$1,366 - $3,615
Total Monthly Price
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Built in 2022Studio to 2 Bedroom Apartments Available Now

The Battery

411 S 3rd StPhoenix, AZ 85004
Corporate Housing
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Rosie
Rent Specials
$1,367 - $3,338
Total Monthly Price

Total Monthly Price

Base Rent
$1,367 - $3,338
Total Monthly Price
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Built in 2025Studio to 2 Bedroom Apartments Available Now

Rosie

625 N 2nd AvePhoenix, AZ 85003
Student Housing
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Callia
Rent Specials
$1,378 - $3,606
Total Monthly Price

Total Monthly Price

Base Rent
$1,378 - $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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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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Skye on 6th
Rent Specials
$1,381 - $4,975
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Total Monthly Price

Base Rent
$1,381 - $4,975
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Built in 2023Studio to 3 Bedroom Apartments Available Now

Skye on 6th

817 N 6th StPhoenix, AZ 85004
Corporate Housing
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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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Ascend At Black Canyon
$1,417 - $2,246
Total Monthly Price

Total Monthly Price

Base Rent
$1,417 - $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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Harwood
Rent Specials
$1,420 - $2,390Built in 2023Studio to 2 Bedroom Apartments Available Now

Harwood

2500 E Marco Polo RdPhoenix, AZ 85050
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Broadstone 7th Street
$1,424 - $3,423
Total Monthly Price

Total Monthly Price

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$1,424 - $3,423
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Built in 2024Studio to 2 Bedroom Apartments Contact Us For Availability

Broadstone 7th Street

5727 N 7th StPhoenix, AZ 85014
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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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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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Axis Camelback
Rent Specials
$1,504 - $4,134
Total Monthly Price

Total Monthly Price

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$1,504 - $4,134
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Built in 20181 to 2 Bedroom Apartments Available Now

Axis Camelback

4949 N 7th StPhoenix, AZ 85014
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Peak 16
Rent Specials
$1,512 - $2,409
Total Monthly Price

Total Monthly Price

Base Rent
$1,512 - $2,409
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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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Halogen
Rent Specials
$1,524 - $2,244
Total Monthly Price

Total Monthly Price

Base Rent
$1,524 - $2,244
Total Monthly Price
Varies
Built in 2024Studio to 3 Bedroom Apartments Available Now

Halogen

3420 E Bell RdPhoenix, AZ 85032
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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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 $688.

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 $5,479.

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 36,705 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 $595 which is $4,884 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

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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.

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

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.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

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

Written by: Robin Stewart

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.