Cheap New Apartments for Rent in Phoenix, AZ from $500 (319 Rentals) Page 3 of 7

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

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Aura Uptown
Rent Specials
$1,553 - $2,353
Total Monthly Price

Total Monthly Price

Base Rent
$1,553 - $2,353
Total Monthly Price
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Built in 2025Studio to 2 Bedroom Apartments Available Now

Aura Uptown

201 W Coolidge StPhoenix, AZ 85013
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601 Pax
Rent Specials
$1,578 - $2,802
Total Monthly Price

Total Monthly Price

Base Rent
$1,578 - $2,802
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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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ECO PHX
Rent Specials
$1,595 - $3,600Built in 2025Studio to 2 Bedroom Apartments Available Now

ECO PHX

301 W Roosevelt StPhoenix, AZ 85003
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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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Alta Dove Valley
Rent Specials
$1,627 - $3,157
Total Monthly Price

Total Monthly Price

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$1,627 - $3,157
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Built in 20261 to 3 Bedroom Apartments Available Now

Alta Dove Valley

2725 W Dove Valley RdPhoenix, AZ 85085
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The Ryan
Rent Specials
$1,632 - $3,595
Total Monthly Price

Total Monthly Price

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$1,632 - $3,595
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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
$1,651 - $2,135
Total Monthly Price

Total Monthly Price

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$1,651 - $2,135
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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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Slate Scottsdale
Rent Specials
$1,653 - $5,676
Total Monthly Price

Total Monthly Price

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$1,653 - $5,676
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Built in 20161 to 3 Bedroom Apartments Available Now

Slate Scottsdale

18220 N 68th StPhoenix, AZ 85054
Family Friendly
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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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Aerie Happy Valley
Rent Specials
$1,700 - $5,038
Total Monthly Price

Total Monthly Price

Base Rent
$1,700 - $5,038
Total Monthly Price
Varies
Built in 20201 to 3 Bedroom Apartments Available Now

Aerie Happy Valley

1717 W Happy Valley RdPhoenix, AZ 85085
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Rosewood Court
Built in 20181 to 3 Bedroom Apartments

Rosewood Court

5104 N 16th AvePhoenix, AZ 85015
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The Revello
Built in 20201 to 2 Bedroom Apartments

The Revello

1600 W Camelback RdPhoenix, AZ 85015
Senior Living
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Ascent on Broadway
Built in 2025Studio to 3 Bedroom Apartments

Ascent on Broadway

316 W Broadway RdPhoenix, AZ 85041
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Osborn Pointe
Built in 20251 Bedroom Apartments

Osborn Pointe

3406 N 3rd StPhoenix, AZ 85012
Senior Living
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Copper Stone on 32nd
Built in 20202 to 3 Bedroom Apartments

Copper Stone on 32nd

3255 E Roosevelt StPhoenix, AZ 85008
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19 West Apartments
Built in 20192 to 3 Bedroom Apartments

19 West Apartments

2011 W Morten AvePhoenix, AZ 85021
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Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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The Cove
Built in 20252 to 3 Bedroom Apartments

The Cove

1526 W Desert Cove AvePhoenix, AZ 85029
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The Charleston
Built in 2022Studio to 2 Bedroom Apartments

The Charleston

11825 N 25th PlPhoenix, AZ 85028
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2124 W Turney Ave
Built in 20231 to 2 Bedroom Apartments

2124 W Turney Ave

2124 W Turney AvePhoenix, AZ 85015
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Sunland Flats
Built in 20242 to 3 Bedroom Apartments

Sunland Flats

225 W Sunland AvePhoenix, AZ 85041
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5TH AVE PHX
Built in 2019Studio Apartments

5TH AVE PHX

626 N 5th AvePhoenix, AZ 85003
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The Astor at Osborn
Built in 2019Studio to 3 Bedroom Apartments

The Astor at Osborn

3300 N 7th AvePhoenix, AZ 85013
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Patriot Square
Built in 20231 to 2 Bedroom Apartments

Patriot Square

640 N 32nd StPhoenix, AZ 85008
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5223 N 17th Ave
Built in 20182 Bedroom Apartments

5223 N 17th Ave

5223 N 17th AvePhoenix, AZ 85015
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Harmony at the Park
Built in 20231 to 5 Bedroom Apartments

Harmony at the Park

1950 E Polk StPhoenix, AZ 85006
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Proxy 333
Built in 2016Studio to 2 Bedroom Apartments

Proxy 333

333 E McKinley StPhoenix, AZ 85004
Student Housing
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Art on Highland
Built in 2017Studio to 2 Bedroom Apartments

Art on Highland

4626 N 16th StPhoenix, AZ 85016
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Dahlia Village
Built in 20251 to 4 Bedroom Apartments

Dahlia Village

3620 S 12th StPhoenix, AZ 85040
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La Vie
Built in 20231 to 3 Bedroom Apartments

La Vie

3221 N 36th StPhoenix, AZ 85018
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ArLo
Built in 2021Studio to 2 Bedroom Apartments

ArLo

2121 N 44th StPhoenix, AZ 85008
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Senita on Cave Creek
Built in 20181 to 3 Bedroom Apartments

Senita on Cave Creek

23555 N Desert Peak PkyPhoenix, AZ 85024
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2340 E Hidalgo Ave
Built in 20171 to 3 Bedroom Apartments

2340 E Hidalgo Ave

2340 E Hidalgo AvePhoenix, AZ 85040
  • Utilities Included
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Adams Place
Built in 20252 Bedroom Apartments

Adams Place

2121 W Adams StPhoenix, AZ 85009
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Mustang Villas
Built in 20232 to 3 Bedroom Apartments

Mustang Villas

5959 W McDowell RdPhoenix, AZ 85035
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The Common
Built in 2022Studio to 2 Bedroom Apartments

The Common

4225 N 32nd StPhoenix, AZ 85018
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Banyan on Washington
Built in 2023Studio to 3 Bedroom Apartments

Banyan on Washington

5353 E Washington StPhoenix, AZ 85034
  • Utilities Included
Showing Results 101-150, Page 3 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

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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

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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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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.

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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.