
Cheap New Apartments for Rent in Phoenix, AZ from $400 (272 Rentals) Page 3 of 6
Search the lowest-cost Apartments available for rent right now in Phoenix.


Linear Apartment Homes

The Logan at Deer Valley

Onyx North Central

Garfield Terrace

Rosewood Court

The Revello

Ascent on Broadway

Osborn Pointe

Copper Stone on 32nd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

19 West Apartments

Streamliner 16th

The Cove

The Charleston

2124 W Turney Ave

Joy on 4th

Sunland Flats

5TH AVE PHX

The Astor at Osborn

Patriot Square
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

La Vie

5223 N 17th Ave

Harmony at the Park

Proxy 333

Dahlia Village

Cabana North Valley

ArLo

Art on Highland

Park on Central

Avilla Camelback Ranch
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.

TerraLane Park McDowell

2340 E Hidalgo Ave

Adams Place

Mustang Villas

The Common

Brix Warehouse District

7 Melrose

Banyan on Washington

The Riley

Avalon Villas
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.

PURE Midtown

Avilla Gateway

Deer Valley 24

The Thomas at Midtown

View 32

1933 E Monroe St

Baseline on 16

Roosevelt Row

Escape

Azola Desert Ridge
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.
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 | $1,339 | $618 | $4,250 |
| Phoenix 1 Bedroom Apartments | $1,571 | $699 | $10,000+ |
| Phoenix 2 Bedroom Apartments | $1,945 | $849 | $10,000+ |
| Phoenix 3 Bedroom Apartments | $2,617 | $801 | $10,000+ |
| Phoenix 4 Bedroom Apartments | $2,963 | $676 | $10,000+ |
| Phoenix 5 Bedroom Apartments | $12,208 | $720 | $10,000+ |
| Phoenix 6 Bedroom Apartments | $14,005 | $3,800 | $10,000+ |
Browse Top Apartments in Phoenix
See all Apartments in PhoenixExplore Phoenix
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

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
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.

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.

A Phoenix Expert's 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.
Articles, How-To's, and Tips

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

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.

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.

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.