
Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (78 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Avenue Corridor area of Phoenix.


4401 N 12th St

840 E Turney Ave

Duo Apartments

Urbana on 12th

3302 N 7th St, Unit #330

938 E Amelia Ave, Unit 3

310 W Earll Dr

3903 N 12th St
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.

Ellis Midtown

The Wexler Apartments

3623 N 5th Ave

4601 N 12th Ave

MAA Central Ave

Blume on Central

Total Monthly Price
746 W Turney Ave, Apt 2, Unit 2

Total Monthly Price
Haven at Midtown

60 at Melrose

Curve at Melrose
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
Callia

The Station on Central

1138 E Devonshire Ave

351 E Thomas Rd

1005 E Turney Ave

3302 N 7th St

1016 E Osborn Rd

355 E Thomas Rd

1016 E Osborn Rd, Unit F

MAA Midtown Phoenix
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.

1018 E Osborn Rd

The Logan at Osborn

ASA Midtown

840 E Turney Ave

840 E Turney Ave

Total Monthly Price
The Heritage Apartment Homes

1016 E Osborn Rd

Brick Commons

Moon River Apartments

Midtown Flats
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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.

The Palms

Osborn Pointe

The Devonshire

9 Melrose

10th Street

The Hampton on Osborn

Melrose Apartments

45 E Lexington

Encanto Park Apartments

Roanoke Terrace
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Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.
Central Avenue Corridor, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Central Avenue Corridor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Avenue Corridor Studio Apartments | $1,286 | $725 | $2,151 |
| Central Avenue Corridor 1 Bedroom Apartments | $1,569 | $795 | $3,606 |
| Central Avenue Corridor 2 Bedroom Apartments | $2,072 | $1,100 | $5,725 |
| Central Avenue Corridor 3 Bedroom Apartments | $2,424 | $1,899 | $3,503 |
Browse Apartments in this Neighborhood
There are currently 78 rentals with your search options within a 1 mile radius of the Central Avenue Corridor Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Central Avenue Corridor, Phoenix, AZ Local Guide
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Cheapest Available Central Avenue Corridor Apartments for Rent
 The cheapest available apartment rental in the Central Avenue Corridor area of Phoenix, AZ is a 1 Bed unit found at Midtown Flats priced from $850. Melrose3130 has the second lowest priced unit, which is a Studio apartment currently listed from $884. Here are the most affordable Central Avenue Corridor apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Midtown Flats | A1 | 1BR,1BA | $850 |
| Melrose3130 | S1 Classic | Studio,1BA | $884 |
| Urbana on 12th | Studio | Studio,1BA | $1,021 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1,080 |
| Melrose Flats | One Bedroom/One Bathroom | 1BR,1BA | $1,100 |
| The Wexler Apartments | 1X1 C Reno | 1BR,1BA | $1,150 |
| Urbana at 11th | Two Bed One Bath | 2BR,1BA | $1,150 |
| Aura at Midtown | 1x1 714sq Classic | 1BR,1BA | $1,175 |
| Duo Apartments | Deluxe Studio | Studio,1BA | $1,225 |
| MAA Central Ave | S1 0x1 573 SF | Studio,1BA | $1,249 |
Best Value Apartments for Rent in Central Avenue Corridor, AZ
As of May 28, 2026 the best value apartment in the Central Avenue Corridor area is the $1.74 price per square foot B1 Model at The Phoenix Apartments on 6th Avenue in the in the Encanto neighborhood starting from $1,705. The second greatest value Central Avenue Corridor apartment is the 2 Bedroom, 1 Bath Model at U @ Melrose Apartments starting at $1,400 with a $1.54 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Phoenix Apartments on 6th Avenue | B1 | 2BR,2BA | $1.74 |
| U @ Melrose Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.54 |
| 60 at Melrose | 2 bed 2 bath | 2BR,2BA | $1.51 |
| The Hawthorne | The Roosevelt | 1BR,1BA | $1.74 |
| The Heritage Apartment Homes | 1B | 1BR,1BA | $1.85 |
| Urbana at 11th | Two Bed One Bath | 2BR,1BA | $1.53 |
| Aura at Midtown | 1x1 714sq Classic | 1BR,1BA | $1.65 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1.66 |
| The Wexler Apartments | 1x1 D | 1BR,1BA | $1.87 |
| Midtown Flats | A1 | 1BR,1BA | $1.70 |
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.
Read ArticleDon'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.
Read ArticleExpert'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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleCentral Avenue Corridor, Phoenix, AZ
Ranked #71
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,249.
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 $850, while the average apartment in Central Avenue Corridor costs $2,250.
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 76 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 $1,126 which is $1,124 cheaper than the average rent for all rentals in Central Avenue Corridor.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.
