Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (53 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 4401 N 12th St

$895 - $1,000

1 Bedroom Rentals

Available Now

4401 N 12th St

PhoenixAZ85014

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 1100 E Osborn Rd

$1,095 - $1,848

1 To 3 Bedroom Rentals

Available Now

1100 E Osborn Rd

PhoenixAZ85014

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

$1,277 - $1,639

1 To 3 Bedroom Rentals

Available Now

3623 N 5th Ave

PhoenixAZ85013
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3302 N 7TH St
1 to 2 Bedroom Apartments

3302 N 7TH St

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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10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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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
Corporate Housing
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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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44 E Roanoke Ave
Studio to 2 Bedroom Apartments

44 E Roanoke Ave

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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Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014

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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Midtown Flats
1 to 3 Bedroom Apartments

Midtown Flats

825 W Osborn RdPhoenix, AZ 85013
Student Housing
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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
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14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014
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411 E Indian School Rd
1 to 3 Bedroom Apartments

411 E Indian School Rd

411 E Indian School RdPhoenix, AZ 85012
Student Housing
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Melrose Flats
1 to 2 Bedroom Apartments

Melrose Flats

806 W Turney AvePhoenix, AZ 85013
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208 E Virginia Ave
1 to 2 Bedroom Apartments

208 E Virginia Ave

208 E Virginia AvePhoenix, AZ 85004
  • Utilities Included

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.

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 2 Beds unit found at U Apartments @ Melrose priced from $899. 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
U Apartments @ Melrose2x1 B2 R2BR,1BA$899
The DevonshireThe StudioStudio,1BA$899
Melrose3130S2 RenovatedStudio,1BA$950
Urbana on 12thStudioStudio,1BA$1,060
The Heritage Apartment Homes1B1BR,1BA$1,095
Ellis Midtown1x11BR,1BA$1,099
The Wexler Apartments1x1 D1BR,1BA$1,100
Fringe City ViewCome make Fringe City View your new home!1BR,1BA$1,115
MAA Central AveS1 0x1 573 SFStudio,1BA$1,133
Urbana at 11thTwo Bed One Bath2BR,1BA$1,150

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of December 27, 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 344 E Virginia Cir Model at 344 E Virginia Cir, Unit 344 E Virginia Circle starting at $1,850 with a $1.77 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.
69 E Columbus Ave, Unit 169 E Columbus Ave3BR,2BA$1.47
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$1.77
U Apartments @ Melrose2x1 B1 R2BR,1BA$1.04
The HawthorneThe Roosevelt1BR,1BA$1.68
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
The Heritage Apartment Homes1A1BR,1BA$1.54
Aura at Midtown1x1 714sf Reno1BR,1BA$1.71
Ellis Midtown1x11BR,1BA$1.57
The Devonshire1 Bed / 1 Bath1BR,1BA$1.67

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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Quick 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.

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Pet Friendly Lifestyle
Central Avenue Corridor, Phoenix, AZ

Ranked #70

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 $1,150.

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 $999, while the average apartment in Central Avenue Corridor costs $2,138.

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 $862 which is $1,276 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

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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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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

Written by: Andrew Jollett

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!