
Cheap Apartments for Rent in Phoenix, AZ from $500 (1,900 Rentals) Page 3 of 38
Search the lowest-cost Apartments available for rent right now in Phoenix.


Montelano

1509 N 15th Ave

2801 E Monte Cristo Ave

Madrid Courtyard Apartments

Echelon Apartments

6320 N 16th St, Unit 208

Ascent on Peoria

Element Deer Valley

Morada Sky
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.

Total Monthly Price
Connect on Union

Arcadia on 49th

Total Monthly Price
Avalon Hills

Ava North & South

1614 W Purdue Ave

2033 W Madison St

6320 N 16th St, Unit 202

3313 W Harmont Dr, Unit 3

2618 E Turney Ave

6040 N 21st Ave
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

10044 N 18th Ave

Coral Gardens

Alta Vista Village

Mariposa Flats

The Continental

Solaris at the Biltmore

ReNew Biltmore

Arcadia Gardens

Pecan Tree Apartments

Palm Aire Apartments

The Square on Indian School

The Union on 28th

The Axis on Mcdowell

7532 N 21st Ave

2133 W Adams St

1819 W Willetta St

10213 N 15th Ave

Total Monthly Price
713 W Pima St

Desert Meadows

Forte Apartments

Camelback Properties

Papago Gardens Apartments

Windsprings Apartments

1833 E Harvard St

3601 W Tierra Buena Ln

4401 N 12th St

Senara Apartments

Total Monthly Price
Sierra Pines

VB on 12th
Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Phoenix Studio Apartments | $1,310 | $595 | $4,162 |
| Cheap Phoenix 1 Bedroom Apartments | $1,540 | $507 | $10,000+ |
| Cheap Phoenix 2 Bedroom Apartments | $1,918 | $631 | $10,000+ |
| Cheap Phoenix 3 Bedroom Apartments | $2,570 | $730 | $10,000+ |
| Cheap Phoenix 4 Bedroom Apartments | $3,117 | $725 | $10,000+ |
| Phoenix 5 Bedroom Apartments | $9,765 | $720 | $10,000+ |
| Phoenix 6 Bedroom Apartments | $13,029 | $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 $688.
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 $5,479.
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 36,705 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 $595 which is $4,884 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
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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
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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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
