
Cheap New Apartments for Rent in Phoenix, AZ from $500 (309 Rentals) Page 2 of 7
Search the lowest-cost Apartments available for rent right now in Phoenix.


iLuminate Urban Apartment Homes

Harwood

The Crofton

Skye on 6th

Lydian

Park on Central
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.

WaterWalk Phoenix – North Happy Valley

The Clayton on Highland

Acero at Algodon Center

Refinery at Pointe17

Dahlia Village

2121 Apartments

The Battery

Ascend At Black Canyon

Onyx Uptown PHX

Joy on 4th
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.

Obsidian at South Mountain

The McKinley

Meritum Sheely Farms

Rosie

Audere Apartments

Alloy Midtown

Village at Camelback Park

Acero North Valley

ASA Midtown

Deer Valley 24

Hangar 44

Allero 59
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.

Aspire Park Central

Village at Liberty Farms

LINQ at South Mountain

Yardly Broadway

Spire Deer Valley

Village at Bronco Trail

601 Pax

Halogen
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Solara Vista

Axis Camelback

Bloom at Deer Valley

The Reserve at Thunderbird

56 North

Liv+ Union Peak

PALMTower

Seven Oaks

District at Biltmore Apartments

Linear Apartment Homes

Aerie Happy Valley

Elysium

The Ryan
Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Phoenix?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Phoenix Studio Apartments | $1,330 | $650 | $5,119 |
Phoenix 1 Bedroom Apartments | $1,551 | $670 | $10,000+ |
Phoenix 2 Bedroom Apartments | $1,935 | $799 | $10,000+ |
Phoenix 3 Bedroom Apartments | $2,565 | $775 | $10,000+ |
Phoenix 4 Bedroom Apartments | $2,974 | $725 | $10,000+ |
Phoenix 5 Bedroom Apartments | $10,887 | $999 | $10,000+ |
Explore Phoenix
Getting Around Phoenix, AZ
Walk Score®
52 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
59 / 100
Bikeable
Some bike infrastructure
Transit Score®
40 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Phoenix Apartments
What is the Cheapest Studio apartment in Phoenix?
Currently the most affordable Cheap Studio Apartment in Phoenix is at Coral Gardens listed at $650.
How much is rent for a Cheap One Bedroom Phoenix Apartment?
The lowest price for a Cheap One Bedroom Phoenix Apartment is $647 at Legacy Crossing I & II.
What is the lowest price for a Cheap Two Bedroom Phoenix Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Phoenix is starting from $835 at Park Villas.
What is the most affordable Phoenix Three Bedroom Apartment?
The best deal on a cheap Phoenix Three Bedroom Apartment rental is at Legacy Crossing I & II and starts from $639.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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).

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.