Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (44 Rentals)

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

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.

property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013
property at 3993 N 3rd Ave

3993 N 3rd Ave

PhoenixAZ85013

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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Moon River Apartments
1 to 2 Bedroom Apartments

Moon River Apartments

4415-4420 N 8th AvePhoenix, AZ 85013
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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

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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Melrose Apartments
Studio to 3 Bedroom Apartments

Melrose Apartments

4444 N 7th AvePhoenix, AZ 85013
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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 Apartments

Duo Apartments

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

Roanoke Terrace

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

Urbana at 11th

4119 N 11th AvePhoenix, AZ 85013
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Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
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The Devonshire
1 to 2 Bedroom Apartments

The Devonshire

4214 N 10th StPhoenix, AZ 85014
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Metropolitan
Studio to 1 Bedroom Apartments

Metropolitan

3124 N 7th AvePhoenix, AZ 85013
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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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Aura at Midtown
1 to 3 Bedroom Apartments

Aura at Midtown

3613-3644 N 5th AvePhoenix, AZ 85013
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14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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208 E Virginia Ave
2 Bedroom Apartments

208 E Virginia Ave

208 E Virginia AvePhoenix, AZ 85004
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3848 N 3rd Ave
1 to 3 Bedroom Apartments

3848 N 3rd Ave

3848 N 3rd AvePhoenix, AZ 85013
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Fringe City View
1 to 2 Bedroom Apartments

Fringe City View

67 E Roanoke AvePhoenix, AZ 85004
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Fringe Midtown
1 to 2 Bedroom Apartments

Fringe Midtown

948 E Devonshire AvePhoenix, AZ 85014
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Melrose Flats
1 Bedroom Apartments

Melrose Flats

806 W Turney AvePhoenix, AZ 85013

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 Studio on 12th Street priced from $799. Melrose3130 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 Studio on 12th StreetstudiosStudio,1BA$799
Melrose3130S1 ClassicStudio,1BA$899
Ellis MidtownStudioStudio,1BA$981
Urbana on 12thStudioStudio,1BA$995
Midtown FlatsA11BR,1BA$1,099
The Phoenix Apartments on 6th AvenueStudioStudio,1BA$1,150
The Heritage Apartment Homes1B1BR,1BA$1,169
The Wexler Apartments1x1 D1BR,1BA$1,175
Large 2 bedroom units central Phoenix2x1 B1 C2BR,1BA$1,199
Curve at MelroseStudioStudio,1BA$1,220

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of July 22, 2025 the best value apartment in the Central Avenue Corridor area is the $1.47 price per square foot 69 E Columbus Ave Model at 69 E Columbus Ave, Unit 1 in the in the Encanto neighborhood starting from $2,200. The second greatest value Central Avenue Corridor apartment is the The Adams Model at The Hawthorne starting at $1,650 with a $1.65 price per square foot in the Encanto 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.
69 E Columbus Ave, Unit 169 E Columbus Ave3BR,2BA$1.47
The HawthorneThe Adams2BR,2BA$1.65
Curve at MelroseB22BR,2BA$1.71
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
Aura at Midtown2x1.5 897sf Reno2BR,2BA$1.42
60 at Melrose2 bed 2 bath2BR,2BA$1.56
818 W Osborn Rd, Unit A818 W Osborn Rd2BR,1BA$1.53
The Heritage Apartment Homes1A1BR,1BA$1.81
The Station on CentralA11BR,1BA$1.85
The Wexler Apartments1X1 A Casita1BR,1BA$1.94

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #78

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

Pet Friendliness Lifestyle Score

2.5
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 $1,220.

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

The cheapest apartment in Central Avenue Corridor is Midtown Flats which is listed at $1,099, while the average apartment in Central Avenue Corridor costs $2,369.

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 36 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 $225 which is $2,144 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.