Cheap Apartments for Rent in the Central Avenue Corridor Neighborhood of Phoenix, AZ from $700 (56 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

$795 - $900

1 Bedroom Rentals

Available Now

4401 N 12th St

PhoenixAZ85014
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Melrose3130
Rent Specials
$890 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$690 - $1,000
Required Monthly Fees
$200

Total Monthly Price
$890 - $1,200
Studio Apartments Available Now

Melrose3130

3130 N 7th AvePhoenix, AZ 85013
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Ellis Midtown
Rent Specials
$956 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$401 - $895
Required Monthly Fees
$555

Total Monthly Price
$956 - $1,450
Studio to 2 Bedroom Apartments Available Now

Ellis Midtown

3117 N 7th AvePhoenix, AZ 85013
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
property at 3848 N 3rd Ave

$999 - $1,795

1 To 2 Bedroom Rentals

Available Now

3848 N 3rd Ave

PhoenixAZ85013

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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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The Heritage Apartment Homes
Rent Specials
$1,147 - $2,205
Total Monthly Price

Total Monthly Price

Base Rent
$991 - $2,049
Required Monthly Fees
$156

Total Monthly Price
$1,147 - $2,205
1 to 3 Bedroom Apartments Available Now

The Heritage Apartment Homes

1100 E Osborn RdPhoenix, AZ 85014
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
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The Station on Central
$1,253 - $4,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,247 - $4,389
Required Monthly Fees
$6

Total Monthly Price
$1,253 - $4,395
1 to 3 Bedroom Apartments Available Now

The Station on Central

4140 N Central AvePhoenix, AZ 85012
Student Housing
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  • Customer Reviewed
  • 3D Tour

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Alloy Midtown
Rent Specials
$1,262 - $4,370
Total Monthly Price

Total Monthly Price

Base Rent
$1,112 - $4,220
Required Monthly Fees
$150

Total Monthly Price
$1,262 - $4,370
Studio to 2 Bedroom Apartments Available Now

Alloy Midtown

3010 N 2nd StPhoenix, AZ 85012
Affordability
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Haven at Midtown
$1,294 - $2,710
Total Monthly Price

Total Monthly Price

Base Rent
$1,239 - $2,655
Required Monthly Fees
$55

Total Monthly Price
$1,294 - $2,710
1 to 2 Bedroom Apartments Available Now

Haven at Midtown

222 W Clarendon AvePhoenix, AZ 85013
Student Housing
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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
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The Palms
1 to 2 Bedroom Apartments

The Palms

150 E Virginia AvePhoenix, AZ 85004
  • Utilities Included
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Osborn Pointe
1 Bedroom Apartments

Osborn Pointe

3406 N 3rd StPhoenix, AZ 85012
Senior Living
  • Utilities Included
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The Devonshire
Studio to 2 Bedroom Apartments

The Devonshire

4214 N 10th StPhoenix, AZ 85014
  • Utilities Included

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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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10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014
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9 Melrose
1 to 2 Bedroom Apartments

9 Melrose

4127 N 9th AvePhoenix, AZ 85013
  • Utilities Included
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Melrose Apartments
Studio to 3 Bedroom Apartments

Melrose Apartments

4444 N 7th AvePhoenix, AZ 85013
Corporate Housing
  • Utilities Included
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45 E Lexington
Studio to 1 Bedroom Apartments

45 E Lexington

45 E Lexington AvePhoenix, AZ 85012
  • Utilities Included
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Duo Apartments
Studio to 1 Bedroom Apartments

Duo Apartments

1116 W Indian School RdPhoenix, AZ 85013
  • Utilities Included
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Roanoke Terrace
Studio to 2 Bedroom Apartments

Roanoke Terrace

44 E Roanoke AvePhoenix, AZ 85004
  • Utilities Included
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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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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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Aura at Midtown
Studio to 3 Bedroom Apartments

Aura at Midtown

3613-3644 N 5th AvePhoenix, AZ 85013
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Mozaic at Steele Park
1 to 3 Bedroom Apartments

Mozaic at Steele Park

411 E Indian School RdPhoenix, AZ 85012
Student Housing
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Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
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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
  • Utilities Included
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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
  • Utilities Included
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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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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 Studio unit found at The Wexler Apartments priced from $799. U Apartments @ Melrose has the second lowest priced unit, which is a 2 Beds 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 Wexler Apartments0x1 A RenoStudio,1BA$799
U Apartments @ Melrose2x1 B2 R2BR,1BA$899
Melrose3130S1 RenovatedStudio,1BA$900
Aura at Midtown1x1 714sf Partial1BR,1BA$1,085
Midtown FlatsA11BR,1BA$1,099
Mozaic at Steele ParkThe Willow1BR,1BA$1,100
Urbana at 11thTwo Bed One Bath2BR,1BA$1,150
Melrose FlatsOne Bedroom/One Bathroom1BR,1BA$1,175
Ellis Midtown1x11BR,1BA$1,199

Best Value Apartments for Rent in Central Avenue Corridor, AZ

As of February 25, 2026 the best value apartment in the Central Avenue Corridor area is the $1.48 price per square foot 3A Model at The Heritage Apartment Homes in the in the Encanto neighborhood starting from $1,810. The second greatest value Central Avenue Corridor apartment is the C1 Model at The Phoenix Apartments on 6th Avenue starting at $1,810 with a $1.51 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.
The Heritage Apartment Homes3A3BR,2BA$1.48
The Phoenix Apartments on 6th AvenueC13BR,2BA$1.51
U Apartments @ Melrose2x1 B1 R2BR,1BA$1.04
60 at Melrose2 bed 2 bath2BR,2BA$1.57
Urbana on 12th2x22BR,2BA$1.68
The HawthorneThe Roosevelt1BR,1BA$1.70
Aura at Midtown1x1 780sf Reno1BR,1BA$1.57
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Ellis Midtown1x11BR,1BA$1.71
Mozaic at Steele ParkThe Willow1BR,1BA$1.69

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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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 #76

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 the Cheapest Studio apartment in Central Avenue Corridor?

Currently the most affordable Cheap Studio Apartment in Central Avenue Corridor is at The Wexler Apartments listed at $799.

How much is rent for a Cheap One Bedroom Central Avenue Corridor Apartment?

The lowest price for a Cheap One Bedroom Central Avenue Corridor Apartment is $1,050 at The Wexler Apartments.

What is the lowest price for a Cheap Two Bedroom Central Avenue Corridor Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Avenue Corridor is starting from $899 at U Apartments @ Melrose.

What is the most affordable Central Avenue Corridor Three Bedroom Apartment?

The best deal on a cheap Central Avenue Corridor Three Bedroom Apartment rental is at The Phoenix Apartments on 6th Avenue and starts from $1,810.

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

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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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.

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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.