Cheap Homes for Rent in Central City Neighborhood of Phoenix, AZ from $700 (10 Rentals)

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

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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. VB on 12th has the second lowest priced unit, which is a Studio apartment currently listed from $952. Here are the most affordable Central City apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
VB on 12thA3 - StudioStudio,1BA$952
Streamliner 16thStudioStudio,1BA$999

Best Value Apartments for Rent in Central City, AZ

As of November 06, 2025 the best value apartment in the Central City area is the $2.32 price per square foot B4 Model at Mason Oliver in the in the Central City neighborhood starting from $2,902. The second greatest value Central City apartment is the 2x2 Model at Agave Court starting at $1,399 with a $1.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Mason OliverB42BR,2BA$2.32
Agave Court2x22BR,2BA$1.50
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
1918 E Adams St, Unit 41918 E Adams St1BR,1BA$1.45
1209 E Adams St, Unit 21209 E Adams St1BR,1BA$1.97
Streamliner 16thStudioStudio ,1BA$2.32
VB on 12thA4 - StudioStudio ,1BA$2.65

Frequently Asked Questions about Central City

What type of rentals are currently available in Central City?

There are currently 96 Apartments for Rent in Central City, AZ with pricing that ranges from $675 to $3,600. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central City ranging from $799 to $2,863.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central City ranges from $799 to $2,863 with an average monthly rent of $1,862.

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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How to Negotiate Your Apartment Lease and Save Money

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Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.