
Cheap Apartments for Rent in the Central City Neighborhood of Phoenix, AZ from $650 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central City area of Phoenix.


322 N 13th St

328 N 11th Pl

VB on 12th

1530 E Pierce St

325 N 15th St
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.

1402 E Pierce St

1917 E Monroe St

Total Monthly Price
Mason Oliver

Polk Terrace Apartments

McCarty on Monroe

769 E. Pierce St.
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1429 E Fillmore St

1324 E Taylor St

1102 E Polk St

1502 E Adams St

1153 E Taylor St

1634 E Monroe St
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.

1846 E Washington

The Vue

739 E Pierce St

Lofts@10 Apartments

1438 E Adams St

Streamliner 16th
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.

10 on Taylor

Harmony at the Park

1021 E McKinley St
Central City, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Central City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central City Studio Apartments | $1,322 | $889 | $1,838 |
| Central City 1 Bedroom Apartments | $1,498 | $795 | $2,053 |
| Central City 2 Bedroom Apartments | $1,979 | $1,095 | $2,548 |
| Central City 3 Bedroom Apartments | $2,573 | $1,695 | $3,955 |
| Central City 4 Bedroom Apartments | $1,849 | $1,799 | $1,899 |
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 1 mile radius of the Central City Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Cheapest Available Central City Apartments for Rent
 The cheapest available apartment rental in the Central City area of Phoenix, AZ is a 1 Bed unit found at McCarty on Monroe priced from $720. 769 E. Pierce St. has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Central City apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McCarty on Monroe | 1 Bedroom (A) | 1BR,1BA | $720 |
| 769 E. Pierce St. | 1BR/1.0BA | 1BR,1BA | $799 |
| VB on 12th | B1 - 1 Bedroom 1 Bathroom | 1BR,1BA | $877 |
| Streamliner 16th | Studio | Studio,1BA | $999 |
| Ragsdale | Studio A | Studio,1BA | $1,180 |
| Konrad | 1x1 A2 | 1BR,1BA | $1,262 |
| Agave Court | 2x2 | 2BR,2BA | $1,299 |
| Mason Oliver | A2 | 1BR,1BA | $1,417 |
Best Value Apartments for Rent in Central City, AZ
As of August 26, 2026 the best value apartment in the Central City area is the $1.41 price per square foot 3x2 Model at Agave Court in the in the Central City neighborhood starting from $1,699. The second greatest value Central City apartment is the A2 Model at Mason Oliver starting at $1,417 with a $1.89 price per square foot in the Central City neighborhood. Here is today’s list of the best values for Central City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Agave Court | 3x2 | 3BR,2BA | $1.41 |
| Mason Oliver | A2 | 1BR,1BA | $1.89 |
| McCarty on Monroe | 1 Bedroom (A) | 1BR,1BA | $1.04 |
| 1502 S 14th St, Unit 2 | 1502 S 14th St | 2BR,1BA | $2.96 |
| Konrad | 1x1 A2 | 1BR,1BA | $2.05 |
| Ragsdale | Studio C | Studio ,1BA | $2.59 |
| 769 E. Pierce St. | 1BR/1.0BA | 1BR,1BA | $1.60 |
| Streamliner 16th | Studio | Studio ,1BA | $2.32 |
| VB on 12th | A2 - Studio | Studio ,1BA | $2.80 |
Frequently Asked Questions about Cheap Central City Apartments
What is the Cheapest Studio apartment in Central City?
Currently the most affordable Cheap Studio Apartment in Central City is at VB on 12th listed at $888.
How much is rent for a Cheap One Bedroom Central City Apartment?
The lowest price for a Cheap One Bedroom Central City Apartment is $720 at McCarty on Monroe.
What is the lowest price for a Cheap Two Bedroom Central City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Central City is starting from $1,299 at Agave Court.
What is the most affordable Central City Three Bedroom Apartment?
The best deal on a cheap Central City Three Bedroom Apartment rental is at Agave Court and starts from $1,699.
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

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.

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.

A Phoenix Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.