1845 E Monroe St
PhoenixAZ85034
Cheap Apartments for Rent in the Central City Neighborhood of Phoenix, AZ from $600 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central City area of Phoenix.
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$7751 Bedroom Apartment Available Now
1918 E Adams St, Unit 4
1918 E Adams StPhoenix, AZ 85034
328 N 11th Pl
PhoenixAZ85006
2142 E Taylor St
PhoenixAZ85006
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$8501 Bedroom Apartment Available Now
1209 E Adams St, Unit 2
1209 E Adams StPhoenix, AZ 85034
2234 E Polk St
PhoenixAZ85006
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Rent Specials
$999 - $1,539Studio to 2 Bedroom Apartments Available Now
Streamliner 16th
1616 E Polk StPhoenix, AZ 85006
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.
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Rent Specials
$1,013 - $2,097Studio to 1 Bedroom Apartments Available Now
VB on 12th
220 N 12th StPhoenix, AZ 85034
502 North 11th St
PhoenixAZ85006
322 N 13th St
PhoenixAZ85006
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Rent Specials
$1,124 - $2,520Studio to 3 Bedroom Apartments Available Now
Mason Oliver
11 S 12th StPhoenix, AZ 85034
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$1,187 - $3,085Studio to 2 Bedroom Apartments Available Now
Konrad
901 E Van Buren StPhoenix, AZ 85006
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1 to 2 Bedroom Apartments
Polk Terrace Apartments
338 N 23rd StPhoenix, AZ 85006
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1 to 2 Bedroom Apartments
McCarty on Monroe
1130 E Monroe StPhoenix, AZ 85034
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.
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Studio to 2 Bedroom Apartments
1846 E Washington
1846 E WashingtonPhoenix, AZ 85034
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Studio to 3 Bedroom Apartments
The Vue
402 N 10th StPhoenix, AZ 85006
329 North 11th St
PhoenixAZ85006
739 E Pierce St
PhoenixAZ85006
1122 E Fillmore St
PhoenixAZ85006
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1 to 2 Bedroom Apartments
Lofts@10 Apartments
2247 E Van Buren StPhoenix, AZ 85006
349 North 11th St
PhoenixAZ85006
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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1 to 5 Bedroom Apartments
Harmony at the Park
1950 E Polk StPhoenix, AZ 85006
Showing Results 1-22, Page 1 of 1
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 | $1,524 | $1,039 | $2,343 |
| Central City 1 Bedroom Apartments | $1,615 | $675 | $3,600 |
| Central City 2 Bedroom Apartments | $2,301 | $899 | $2,944 |
| Central City 3 Bedroom Apartments | $2,024 | $1,850 | $2,520 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Central City Neighborhood of Phoenix, AZ.
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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 $717. Streamliner 16th has the second lowest priced unit, which is a Studio apartment currently listed from $999. 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 | $717 |
| Streamliner 16th | Studio | Studio,1BA | $999 |
| VB on 12th | A4 - Studio | Studio,1BA | $1,160 |
| Mason Oliver | A2 | 1BR,1BA | $1,188 |
| Konrad | 1x1 A3 | 1BR,1BA | $1,219 |
Best Value Apartments for Rent in Central City, AZ
As of January 28, 2026 the best value apartment in the Central City area is the $1.37 price per square foot 1 Bedroom (B) Model at McCarty on Monroe in the in the Central City neighborhood starting from $1,138. The second greatest value Central City apartment is the Studio3 Model at Mason Oliver starting at $1,586 with a $2.29 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. |
|---|---|---|---|
| McCarty on Monroe | 1 Bedroom (B) | 1BR,1BA | $1.37 |
| Mason Oliver | Studio3 | Studio ,1BA | $2.29 |
| Agave Court | 1x1 | 1BR,1BA | $1.92 |
| Konrad | 1x1 A2 | 1BR,1BA | $2.04 |
| 1459 E Taylor St, Unit 1 | 1459 E Taylor St | 2BR,1BA | $2.50 |
| Ragsdale | Studio C | Studio ,1BA | $2.79 |
| 1918 E Adams St, Unit 4 | 1918 E Adams St | 1BR,1BA | $1.55 |
| 1209 E Adams St, Unit 2 | 1209 E Adams St | 1BR,1BA | $1.91 |
| Streamliner 16th | Studio | Studio ,1BA | $2.32 |
| VB on 12th | A4 - Studio | Studio ,1BA | $2.96 |
Frequently Asked Questions about Cheap Central City Apartments
What is a cheap apartment in Central City?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central City is under $1,299.
What is the price of a cheap apartment in Central City?
The cheapest apartment in Central City is McCarty on Monroe which is listed at $717, while the average apartment in Central City costs $2,492.
What types of apartments are the cheapest in Central City?
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 239 regular apartments in Central City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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).
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.
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.
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
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.
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.
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.
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.