Cheap Homes for Rent in Central City Neighborhood of Phoenix, AZ from $700 (14 Rentals)

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

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.

property at 340 N 12th St

340 N 12th St

PhoenixAZ85006

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 1 Bed apartment currently listed from $1,074. 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 12thB1 - 1 Bedroom 1 Bathroom1BR,1BA$1,074
Mason OliverE1Studio,1BA$1,210
Kenect PhoenixStudio FurnishedStudio,1BA$1,275
Agave Court1x11BR,1BA$1,299

Best Value Apartments for Rent in Central City, AZ

As of June 13, 2025 the best value apartment in the Central City area is the $3.41 price per square foot 3 Bed/3 Bath Model at PALMTower in the in the Central City neighborhood starting from $4,800. The second greatest value Central City apartment is the A9.2 Model at Adeline Luxury Living starting at $3,059 with a $3.35 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.
PALMTower3 Bed/3 Bath3BR,3BA$3.41
Adeline Luxury LivingA9.21BR,1BA$3.35
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
Mason OliverA11BR,1BA$2.02
Agave Court1x11BR,1BA$1.92
The BatteryA-11BR,1BA$2.87
The Tailor1 Bed 1 Bath1BR,1BA$3.08
1933 E Monroe StStudio1BR,1BA$2.90
Kenect PhoenixStudio FurnishedStudio ,1BA$3.33
VB on 12thA2 - StudioStudio ,1BA$3.29

Frequently Asked Questions about Central City

What type of rentals are currently available in Central City?

There are currently 104 Apartments for Rent in Central City, AZ with pricing that ranges from $795 to $5,050. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central City ranging from $799 to $2,650.

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 $2,650 with an average monthly rent of $1,792.

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

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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.