Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (91 Rentals)

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

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.

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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.

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Haven at Midtown
Rent Specials
$1,300 - $2,716
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $2,716
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Haven at Midtown

222 W Clarendon AvePhoenix, AZ 85013
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Callia
Rent Specials
$1,336 - $3,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,336 - $3,495
Total Monthly Price
$1,336 - $3,495
Studio to 3 Bedroom Apartments Available Now

Callia

100 W Indian School RdPhoenix, AZ 85012
Student Housing
  • Verified
  • Customer Reviewed
  • Smoke Free

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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.

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property at 200 E Thomas Rd

$1,390 - $1,975

1 To 2 Bedroom Rentals

Available Now

200 E Thomas Rd

PhoenixAZ85012
property at 3848 N 3rd Ave

$1,395 - $1,550

2 Bedroom Rentals

Available Now

3848 N 3rd Ave

PhoenixAZ85013
property at 3993 N 3rd Ave

$1,395 - $1,895

1 To 3 Bedroom Rentals

Available Now

3993 N 3rd Ave

PhoenixAZ85013
property at 3302 N 7th St

$1,397 - $2,000

1 To 2 Bedroom Rentals

Available Now

3302 N 7th St

PhoenixAZ85014

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

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.

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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
  • Utilities Included

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

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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 $899. Aura at Midtown has the second lowest priced unit, which is a 1 Bed apartment currently listed from $998. Here are the most affordable Central Avenue Corridor apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Melrose3130S1 ClassicStudio,1BA$899
Aura at Midtown1x1 714sq Classic1BR,1BA$998
Urbana on 12thStudioStudio,1BA$999
Mozaic at Steele ParkThe Willow1BR,1BA$1,070
Midtown FlatsA11BR,1BA$1,099
Ellis Midtown1x11BR,1BA$1,149
Urbana at 11thTwo Bed One Bath2BR,1BA$1,150
The HawthorneThe Roosevelt1BR,1BA$1,210
The Station on CentralA11BR,1BA$1,282

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of April 12, 2026 the best value apartment in the Central Avenue Corridor area is the $1.77 price per square foot 344 E Virginia Cir Model at 344 E Virginia Cir, Unit 344 E Virginia Circle in the in the South Phoenix neighborhood starting from $1,850. The second greatest value Central Avenue Corridor apartment is the 340 E Virginia Cir Model at 340 E Virginia Cir, Unit 340 starting at $1,950 with a $1.86 price per square foot in the South 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.
344 E Virginia Cir, Unit 344 E Virginia Circle344 E Virginia Cir2BR,1BA$1.77
340 E Virginia Cir, Unit 340340 E Virginia Cir2BR,1BA$1.86
The Heritage Apartment Homes2A2BR,2BA$1.64
Melrose FlatsTwo Bedroom/Two Bathroom2BR,2BA$1.53
Aura at Midtown1x1 780sf Reno1BR,1BA$1.52
The Wexler Apartments2X1 A Reno2BR,1BA$1.78
The HawthorneThe Monroe1BR,1BA$1.65
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Ellis Midtown1x11BR,1BA$1.64
Mozaic at Steele ParkThe Willow1BR,1BA$1.65

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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Don'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.

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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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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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Expert'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

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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.

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Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #77

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 $1,282.

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

The cheapest apartment in Central Avenue Corridor is Aura at Midtown which is listed at $998, while the average apartment in Central Avenue Corridor costs $2,417.

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 71 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 $1,006 which is $1,411 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

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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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.

decorative image for A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Written by: Andrew Jollett

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.

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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

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.