
Cheap New Apartments for Rent in Phoenix, AZ from $500 (326 Rentals) Page 5 of 7
Search the lowest-cost Apartments available for rent right now in Phoenix.


Sol38 by Liv

Skye at McClintock Station

Total Monthly Price
Broadstone Westgate

Agave Ranch

Parc Roundtree Ranch

Copper Falls

Evolution at Estrella Falls

Avari Modern Apartments

Zinc

Metro 101

Total Monthly Price
Prose Ascend

Parc Lofts

Hangar at Thunderbird

Volta on Broadway

Livano Avondale

Acero at the Stadium

Cuvee Apartments

Velaire at Aspera

Village at Skyline Ranch

Total Monthly Price
Alta Avondale

Nexa

Escape at Arrowhead

Total Monthly Price
Alta Goodyear

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The Met at Fashion Center

Total Monthly Price
Aura Watermark

Glen 91 | BRAND-NEW, LUXURY APARTMENTS

Villas on Olive

The Pomeroy

Total Monthly Price
Cardinal 95

Total Monthly Price
Marlowe Peoria Place

Obsidian on Glendale

Vela at Tempe Town Lake

Mera Goodyear 55+ Active Adult

Hudson on Farmer

Total Monthly Price
Vero

Northbend

Evara Living

Total Monthly Price
Amiya

Huxley Scottsdale

Total Monthly Price
Smith & Rio

Total Monthly Price
Aura Apache

Total Monthly Price
Vlux at Sunset Farms

Village at Pioneer Park

Norte Town Lake Apartments

Village at Harvard Crossing

Mera Westgate 55+ Active Adult

Seventyone15 McDowell

Weylyn Luxury Apartments

Total Monthly Price
1980 E Broadway Rd, Unit 1 Bedroom Apartment for r, Unit 1 Bedroom Apartment for r
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 | $1,342 | $592 | $3,963 |
| Phoenix 1 Bedroom Apartments | $1,549 | $507 | $10,000+ |
| Phoenix 2 Bedroom Apartments | $1,944 | $631 | $10,000+ |
| Phoenix 3 Bedroom Apartments | $2,524 | $730 | $10,000+ |
| Phoenix 4 Bedroom Apartments | $3,145 | $725 | $10,000+ |
| Phoenix 5 Bedroom Apartments | $4,742 | $720 | $10,000+ |
Explore 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 $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

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).

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.

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.

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

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.

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.

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.

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.