Cheap Apartments for Rent in the Central City South Neighborhood of Phoenix, AZ from $500 (79 Rentals)

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

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property at 817 N 6th St

817 N 6th St

PhoenixAZ85004

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property at 23 E Illini St

23 E Illini St

PhoenixAZ85040

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Central City South, Phoenix, AZ Local Guide

Cheapest Available Central City South Apartments for Rent

 

The cheapest available apartment rental in the Central City South area of Phoenix, AZ is a 1 Bed unit found at McCarty on Monroe priced from $717. Victory Place I-IV has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here are the most affordable Central City South apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Victory Place I-IVStudioStudio,1BA$720
Ascent on BroadwayStudioStudio,1BA$720
AdaraC23BR,3BA$825
16th Ave ApartmentsStudio/1 BathStudio,1BA$895
X PhoenixCOLIVING Suites in 4 BR/4BAStudio,1BA$950
Ambassador West ApartmentsOne Bedroom1BR,1BA$963
TerraceVue1st Floor 1 Bedroom1BR,1BA$999
VB on 12thA2 - StudioStudio,1BA$999

Best Value Apartments for Rent in Central City South, AZ

As of July 25, 2025 the best value apartment in the Central City South area is the $1.51 price per square foot C - The Capitol - 60 Model at ReNue Downtown Apartments in the in the South Phoenix neighborhood starting from $1,658. The second greatest value Central City South apartment is the Two Bedroom Model at Dahlia Village starting at $1,442 with a $1.59 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Central City South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
ReNue Downtown ApartmentsC - The Capitol - 603BR,2BA$1.51
Dahlia VillageTwo Bedroom2BR,2BA$1.59
Matthew Henson Apartments1 Bedroom Tax Credit***1BR,1BA$1.63
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
134 N 10th Ave, Unit FRONT134 N 10th Ave1BR,1BA$2.00
713 W Pima St, Unit 2713 W Pima St1BR,1BA$1.83
425 N 18th Dr, Unit 3425 N 18th Dr1BR,1BA$1.80
Ambassador West ApartmentsOne Bedroom1BR,1BA$2.00
Victory Place I-IVStudioStudio ,1BA$1.50
Ascent on BroadwayStudioStudio ,1BA$1.76

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Central City South, Phoenix, AZ

Ranked #22

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Central City South, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in metropolitan areas across the United States and customized analysis for Central Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendliness, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Central City South Neighborhood in Phoenix, AZ

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

58 / 100

Bikeable

Some bike infrastructure

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Central City South Apartments

What is a cheap apartment in Central City South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central City South is under $999.

What is the price of a cheap apartment in Central City South?

The cheapest apartment in Central City South is McCarty on Monroe which is listed at $717, while the average apartment in Central City South costs $2,539.

What types of apartments are the cheapest in Central City South?

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 352 regular apartments in Central City South 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 City South?

Cheap apartments in Central City South have an average cost of $528 which is $2,011 cheaper than the average rent for all rentals in Central City South.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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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.