Cheap Homes for Rent in Central City South Neighborhood of Phoenix, AZ from $700 (24 Rentals)

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

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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

Best Value Apartments for Rent in Central City South, AZ

As of July 28, 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

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Frequently Asked Questions about Central City South

What type of rentals are currently available in Central City South?

There are currently 390 Apartments for Rent in Central City South, AZ with pricing that ranges from $670 to $9,997. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central City South ranging from $799 to $3,499.

What is the current price range for Rental Homes in Central City South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central City South ranges from $799 to $3,499 with an average monthly rent of $1,977.

How much are larger Three and Four Bedroom Rentals in Central City South?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central City South range from $825 to $9,997, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,499 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,070 and Four Bedroom Apartments start at $775.

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.