Cheap New Apartments for Rent in Phoenix, AZ from $500 (326 Rentals) Page 3 of 7

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Aerie Happy Valley
Rent Specials
$1,586 - $5,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,586 - $5,250
Total Monthly Price
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Built in 20201 to 3 Bedroom Apartments Available Now

Aerie Happy Valley

1717 W Happy Valley RdPhoenix, AZ 85085
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Halogen
Rent Specials
$1,590 - $2,515
Total Monthly Price

Total Monthly Price

Base Rent
$1,590 - $2,515
Total Monthly Price
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Built in 2024Studio to 3 Bedroom Apartments Available Now

Halogen

3420 E Bell RdPhoenix, AZ 85032
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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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Alta Dove Valley
Rent Specials
$1,602 - $3,132
Total Monthly Price

Total Monthly Price

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$1,602 - $3,132
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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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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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Broadstone 7th Street
Rent Specials
$1,654 - $3,423
Total Monthly Price

Total Monthly Price

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$1,654 - $3,423
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Built in 2024Studio to 2 Bedroom Apartments Available Now

Broadstone 7th Street

5727 N 7th StPhoenix, AZ 85014
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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
  • Utilities Included
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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
  • Utilities Included
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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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The Cove
Built in 20252 to 3 Bedroom Apartments

The Cove

1526 W Desert Cove AvePhoenix, AZ 85029
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Arcadia Lofts
Built in 20251 to 2 Bedroom Apartments

Arcadia Lofts

1818 N 40th StPhoenix, AZ 85008
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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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Art on Highland
Built in 2017Studio to 2 Bedroom Apartments

Art on Highland

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

Dahlia Village

3620 S 12th StPhoenix, AZ 85040
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Residences at Falcon Park
Built in 20251 to 2 Bedroom Apartments

Residences at Falcon Park

1220 N 34th AvePhoenix, AZ 85009
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North Glen 38
Built in 20251 to 2 Bedroom Apartments

North Glen 38

3031 W Northern AvePhoenix, AZ 85051
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Banyan on Washington
Built in 2023Studio to 3 Bedroom Apartments

Banyan on Washington

5353 E Washington StPhoenix, AZ 85034
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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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Adams Place
Built in 20252 Bedroom Apartments

Adams Place

2121 W Adams StPhoenix, AZ 85009
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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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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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Park on Central
Built in 2018Studio to 3 Bedroom Apartments

Park on Central

4001 N Central AvePhoenix, AZ 85012
Student Housing
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The Riley
Built in 20221 to 2 Bedroom Apartments

The Riley

7725 W Lower Buckeye RdPhoenix, AZ 85043
Corporate Housing
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ArLo
Built in 2021Studio to 2 Bedroom Apartments

ArLo

2121 N 44th StPhoenix, AZ 85008
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 $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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.