
Top Rated Cheap Apartments for Rent in Phoenix, AZ from $500 (287 Rentals) Page 2 of 6
Top Rated Apartments in Phoenix.
Cheap Apartments in Phoenix.


Total Monthly Price
IMT Desert Ridge

Alanna

Total Monthly Price
Sierra Foothills

Total Monthly Price
Peak 16

Elevation on Central

Total Monthly Price
Bayside

MAA Midtown Phoenix

Total Monthly Price
Esteban Park

Total Monthly Price
Seven (AZ)
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Total Monthly Price
The Battery

Marquis Sonoran Preserve

Sage Apartments

Total Monthly Price
Alta 99th

Total Monthly Price
Skye on 6th

The Crofton

AVE Phoenix Sky

Blume on Central

Total Monthly Price
Alloy Midtown

Total Monthly Price
Ascent North Scottsdale
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Avora

The Logan at Osborn

Total Monthly Price
Ascend At Black Canyon

Total Monthly Price
Verano Townhomes

Harwood

Meritum Sheely Farms

The Highland

Total Monthly Price
Bella Vista Apartment Homes

Papago Park Apartments

Total Monthly Price
601 Pax
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Desert Club

AVE Phoenix Terra

Total Monthly Price
Vida46

Total Monthly Price
Broadstone 7th Street

Citra Apartments

Agave Ridge Apartments

RidgeGate Apartments

The Lex

Seven Oaks

Total Monthly Price
Solara Vista
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Total Monthly Price
Santa Rosa

Ingleside

Aspire Park Central

District at Biltmore Apartments

Village at Camelback Park

2121 Apartments

ECO PHX

Total Monthly Price
Sunela

Echo Biltmore

The Palms
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.
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 | $1,320 | $618 | $4,197 |
| Phoenix 1 Bedroom Apartments | $1,566 | $291 | $10,000+ |
| Phoenix 2 Bedroom Apartments | $1,922 | $612 | $10,000+ |
| Phoenix 3 Bedroom Apartments | $2,561 | $801 | $10,000+ |
| Phoenix 4 Bedroom Apartments | $3,580 | $676 | $10,000+ |
| Phoenix 5 Bedroom Apartments | $12,079 | $720 | $10,000+ |
| Phoenix 6 Bedroom Apartments | $14,619 | $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 Garfield Terrace which is listed at $507, while the average apartment in Phoenix costs $1,625.
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 35,153 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 $603 which is $1,022 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

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.