Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (50 Rentals)

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

property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013

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.

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.

property at 3302 N 7th St

3302 N 7th St

PhoenixAZ85014
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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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10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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9 Melrose
1 to 2 Bedroom Apartments

9 Melrose

4127 N 9th AvePhoenix, AZ 85013
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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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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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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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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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14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014
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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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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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3848 N 3rd Ave
1 to 2 Bedroom Apartments

3848 N 3rd Ave

3848 N 3rd AvePhoenix, AZ 85013
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1014 E Campbell Ave
2 Bedroom Apartments

1014 E Campbell Ave

1014 E Campbell AvePhoenix, AZ 85014
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425 W Osborn Rd
Studio to 2 Bedroom Apartments

425 W Osborn Rd

425 W Osborn RdPhoenix, AZ 85013
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Palmetto Cottages
1 Bedroom Apartments

Palmetto Cottages

1132-1138 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 Melrose3130 priced from $987. The Wexler Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Central Avenue Corridor apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Melrose3130S1 ClassicStudio,1BA$987
The Wexler Apartments0x1 C RenoStudio,1BA$1,050
Duo ApartmentsStudioStudio,1BA$1,050
Midtown FlatsA11BR,1BA$1,099
Ellis Midtown1x11BR,1BA$1,199
60 at Melrose2 bed 2 bath2BR,2BA$1,253
Large 2 bedroom units central Phoenix2x1 B2 P2BR,1BA$1,259
The Heritage Apartment Homes1A1BR,1BA$1,275
301 Courtyard LivingCasita style living!! One bedroom with washer/d...1BR,1BA$1,300

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of May 21, 2025 the best value apartment in the Central Avenue Corridor area is the $1.77 price per square foot 340 E Virginia Cir Model at 340 E Virginia Cir, Unit 340 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 $1,299 with a $1.43 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.
340 E Virginia Cir, Unit 340340 E Virginia Cir2BR,1BA$1.77
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
The LexConcord1BR,1BA$1.88
60 at Melrose2 bed 2 bath2BR,2BA$1.48
Urbana on 12th2x22BR,2BA$1.87
The Heritage Apartment Homes1B1BR,1BA$1.72
The Shorewood1 BR 1 BA1BR,1BA$1.97
The HawthorneThe Monroe1BR,1BA$1.74
Ellis Midtown1x11BR,1BA$1.71
The Station on CentralA11BR,1BA$1.99

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #78

Among neighborhoods in Phoenix, AZ 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 $1,300.

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 $2,640.

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 8 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 $350 which is $2,290 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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.