Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Avenue Corridor area of Phoenix.

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.

property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013

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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Brick Commons
1 to 2 Bedroom Apartments

Brick Commons

3302 N 7th StPhoenix, AZ 85014
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Moon River Apartments
1 to 2 Bedroom Apartments

Moon River Apartments

4415-4420 N 8th AvePhoenix, AZ 85013
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The Palms
1 to 2 Bedroom Apartments

The Palms

150 E Virginia AvePhoenix, AZ 85004
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Osborn Pointe
1 Bedroom Apartments

Osborn Pointe

3406 N 3rd StPhoenix, AZ 85012
Senior Living
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9 Melrose
1 to 2 Bedroom Apartments

9 Melrose

4127 N 9th AvePhoenix, AZ 85013
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10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014

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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45 E Lexington
Studio to 1 Bedroom Apartments

45 E Lexington

45 E Lexington AvePhoenix, AZ 85012
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Duo Apartments
Studio to 1 Bedroom Apartments

Duo Apartments

1116 W Indian School RdPhoenix, AZ 85013
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Roanoke Terrace
Studio to 2 Bedroom Apartments

Roanoke Terrace

44 E Roanoke AvePhoenix, AZ 85004
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Urbana at 11th
1 to 2 Bedroom Apartments

Urbana at 11th

4119 N 11th AvePhoenix, AZ 85013
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Aura at Midtown
1 to 3 Bedroom Apartments

Aura at Midtown

3613-3644 N 5th AvePhoenix, AZ 85013

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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Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
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Midtown Flats
1 to 3 Bedroom Apartments

Midtown Flats

825 W Osborn RdPhoenix, AZ 85013
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Metropolitan
Studio to 1 Bedroom Apartments

Metropolitan

3124 N 7th AvePhoenix, AZ 85013
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840 E Turney Ave
Studio to 1 Bedroom Apartments

840 E Turney Ave

840 E Turney AvePhoenix, AZ 85014
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801 Turney Apartments
1 to 2 Bedroom Apartments

801 Turney Apartments

801 W Turney AvePhoenix, AZ 85013
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Fringe City View
1 to 2 Bedroom Apartments

Fringe City View

67 E Roanoke AvePhoenix, AZ 85004

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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14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014
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208 E Virginia Ave
1 to 2 Bedroom Apartments

208 E Virginia Ave

208 E Virginia AvePhoenix, AZ 85004
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Fringe Midtown
1 to 2 Bedroom Apartments

Fringe Midtown

948 E Devonshire AvePhoenix, AZ 85014

Central Avenue Corridor, Phoenix, AZ Local Guide

Cheapest Available Central Avenue Corridor Apartments for Rent

 

The cheapest available apartment rental in the Central Avenue Corridor area of Phoenix, AZ is a Studio unit found at The Wexler Apartments priced from $799. The Devonshire has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Central Avenue Corridor apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Wexler Apartments0x1 A RenoStudio,1BA$799
The DevonshireThe StudioStudio,1BA$899
Melrose3130S1 ClassicStudio,1BA$950
Urbana on 12thStudioStudio,1BA$995
Aura at Midtown1x1 714sf Partial1BR,1BA$1,066
Large 2 bedroom units central Phoenix2x1 B2 R2BR,1BA$1,099
Fringe City View1 Bed/1 Bath Unit 51BR,1BA$1,115
Urbana at 11thTwo Bed One Bath2BR,1BA$1,150
Ellis Midtown1x11BR,1BA$1,199
The Heritage Apartment Homes1B1BR,1BA$1,278

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of September 15, 2025 the best value apartment in the Central Avenue Corridor area is the $1.76 price per square foot 346 E Virginia Cir Model at 346 E Virginia Cir, Unit 346 E Virginia Circle in the in the South Phoenix neighborhood starting from $1,850. The second greatest value Central Avenue Corridor apartment is the 2x1 B1 R Model at Large 2 bedroom units central Phoenix starting at $1,099 with a $1.21 price per square foot in the Downtown Phoenix neighborhood. Here is today’s list of the best values for Central Avenue Corridor apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
346 E Virginia Cir, Unit 346 E Virginia Circle346 E Virginia Cir2BR,1BA$1.76
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.21
1311 W Clarendon Ave, Unit 11311 W Clarendon Ave2BR,1BA$1.56
Curve at MelroseA21BR,1BA$1.76
The Heritage Apartment Homes1B1BR,1BA$1.65
The HawthorneThe Monroe1BR,1BA$1.75
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Aura at Midtown1x1 714sf Partial1BR,1BA$1.48
Ellis Midtown1x11BR,1BA$1.71
The Devonshire1 Bed / 1 Bath1BR,1BA$1.75

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Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #64

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Arizona, including Phoenix. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, family-friendliness, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Central Avenue Corridor Apartments

What is a cheap apartment in Central Avenue Corridor?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Avenue Corridor is under $1,278.

What is the price of a cheap apartment in Central Avenue Corridor?

The cheapest apartment in Central Avenue Corridor is The Devonshire which is listed at $1,049, while the average apartment in Central Avenue Corridor costs $3,500.

What types of apartments are the cheapest in Central Avenue Corridor?

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 28 regular apartments in Central Avenue Corridor 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 Central Avenue Corridor?

Cheap apartments in Central Avenue Corridor have an average cost of $265 which is $3,235 cheaper than the average rent for all rentals in Central Avenue Corridor.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.