Cheap Apartments for Rent in Phoenix, AZ from $500 with Washer/Dryer (1,001 Rentals)

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

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Summit on Thomas
$750 - $999
Total Monthly Price

Total Monthly Price

Base Rent
$475 - $724
Required Monthly Fees
$275
Total Monthly Price
$750 - $999
Studio to 1 Bedroom Apartments Available Now

Summit on Thomas

2735 E Thomas RdPhoenix, AZ 85016
Affordability
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Morada Sky
Rent Specials
$772 - $1,377
Total Monthly Price

Total Monthly Price

Base Rent
$721 - $1,326
Required Monthly Fees
$51
Total Monthly Price
$772 - $1,377
1 to 2 Bedroom Apartments Available Now

Morada Sky

6405 W Mcdowell RdPhoenix, AZ 85035
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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The Urban
$775 - $1,786
Total Monthly Price

Total Monthly Price

Base Rent
$690 - $1,701
Required Monthly Fees
$85
Total Monthly Price
$775 - $1,786
Studio to 3 Bedroom Apartments Available Now

The Urban

3601 E McDowell RdPhoenix, AZ 85008
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Stonybrook Apartments
Rent Specials
$790 - $2,908
Total Monthly Price

Total Monthly Price

Base Rent
$783 - $2,901
Required Monthly Fees
$7
Total Monthly Price
$790 - $2,908
1 to 2 Bedroom Apartments Available Now

Stonybrook Apartments

6441 W McDowell RdPhoenix, AZ 85035
Furnished
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Briella Phoenix
Rent Specials
$818 - $1,568
Total Monthly Price

Total Monthly Price

Base Rent
$790 - $1,540
Required Monthly Fees
$28
Total Monthly Price
$818 - $1,568
Studio to 2 Bedroom Apartments Available Now

Briella Phoenix

1502 E Osborn RdPhoenix, AZ 85014
Affordability
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  • Customer Reviewed
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Tides on McDowell
Rent Specials
$825 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$781 - $1,356
Required Monthly Fees
$44
Total Monthly Price
$825 - $1,400
Studio to 2 Bedroom Apartments Available Now

Tides on McDowell

4620 W McDowell RdPhoenix, AZ 85035
Affordability
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  • Customer Reviewed
  • 3D Tour

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.

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Sierra Pines
Rent Specials
$844 - $2,243
Total Monthly Price

Total Monthly Price

Base Rent
$771 - $2,170
Required Monthly Fees
$73
Total Monthly Price
$844 - $2,243
Studio to 2 Bedroom Apartments Available Now

Sierra Pines

9410 N 31st AvePhoenix, AZ 85051
Affordability
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Monterra
Rent Specials
$858 - $2,890
Total Monthly Price

Total Monthly Price

Base Rent
-$170 - $1,862
Required Monthly Fees
$1,028
Total Monthly Price
$858 - $2,890
Studio to 3 Bedroom Apartments Available Now

Monterra

1333 N 24th StPhoenix, AZ 85008
Affordability
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  • Customer Reviewed
  • 3D Tour

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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Ember at North Phoenix
Rent Specials
$892 - $2,375
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $2,307
Required Monthly Fees
$68
Total Monthly Price
$892 - $2,375
1 to 2 Bedroom Apartments Available Now

Ember at North Phoenix

17425 N 19th AvePhoenix, AZ 85023
Affordability
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  • Customer Reviewed
  • Low Income
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Solei on West Thomas
Rent Specials
$895 - $1,310
Total Monthly Price

Total Monthly Price

Base Rent
$870 - $1,285
Required Monthly Fees
$25
Total Monthly Price
$895 - $1,310
1 to 2 Bedroom Apartments Available Now

Solei on West Thomas

5704 W Thomas RdPhoenix, AZ 85031
Student Housing
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  • Customer Reviewed
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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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X Phoenix
Rent Specials
$899 - $3,097
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $3,047
Required Monthly Fees
$50
Total Monthly Price
$899 - $3,097
Studio to 2 Bedroom Apartments Available Now

X Phoenix

200 W Monroe StPhoenix, AZ 85003
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Monterey Village
Rent Specials
$907 - $1,663
Total Monthly Price

Total Monthly Price

Base Rent
$869 - $1,625
Required Monthly Fees
$38
Total Monthly Price
$907 - $1,663
Studio to 2 Bedroom Apartments Available Now

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
Affordability
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  • Customer Reviewed
  • Low Income
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Colter Park
Rent Specials
$915 - $2,285
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $2,270
Required Monthly Fees
$15
Total Monthly Price
$915 - $2,285
Studio to 2 Bedroom Apartments Available Now

Colter Park

909 W Colter StPhoenix, AZ 85013
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Showing Results 1-50, Page 1 of 21

Phoenix, AZ Local Guide

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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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 Legacy Crossing I & II which is listed at $647, while the average apartment in Phoenix costs $5,535.

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 45,414 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 $528 which is $5,007 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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.