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$704 - $4,181
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$704 - $4,181
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$704 - $4,181
Collins off Colter*
5128 N 15th StPhoenix, AZ 85014
Cheap Apartments for Rent in the Central Phoenix Neighborhood of Phoenix, AZ from $700 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Phoenix area of Phoenix.
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$814 - $1,574Studio to 1 Bedroom Apartments Contact Us For Availability
Seventh Apartments
5145 N 7th StPhoenix, AZ 85014
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$852 - $2,396
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$852 - $2,396
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The Venue on Camelback Apartments
1930 E Camelback RdPhoenix, AZ 85016
840 E Turney Ave
PhoenixAZ85014
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$914 - $3,823Studio to 2 Bedroom Apartments Available Now
Camelback Cove Apartments
4802 N 12th StPhoenix, AZ 85014
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$9501 Bedroom Apartments Available Now
4235 N 13th Pl, Unit 3
4235 N 13th PlPhoenix, AZ 85014
4127 N 18th Pl
PhoenixAZ85016
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$999 - $1,299Studio to 1 Bedroom Apartments Available Now
Luna Bear Arcos
1637 E Missouri AvePhoenix, AZ 85016
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$1,000 - $1,800Studio to 2 Bedroom Apartments Available Now
Playton Place
3625 N 16th StPhoenix, AZ 85016
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,026 - $1,299Studio to 2 Bedroom Apartments Available Now
Urbana on 12th
4225 N 12TH StPhoenix, AZ 85014
810 E Colter St, Unit Apt 14
810 E Colter St
PhoenixAZ85014
3903 N 12th St
PhoenixAZ85014
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$1,145
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,145
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$1,145
1916 E Fairmount Ave, Unit Four
1916 E Fairmount AvePhoenix, AZ 85016
1718 E Campbell Ave, Unit 18
1718 E Campbell Ave
PhoenixAZ85016
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$1,150 - $1,2501 to 2 Bedroom Apartments Available Now
Highland Terrace
1108 E Highland AvePhoenix, AZ 85014
1330 E Highland Ave
PhoenixAZ85014
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$1,200
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
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$1,200
1233 E Campbell Ave, Unit 1 Bedroom
1233 E Campbell AvePhoenix, AZ 85014
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$1,2491 Bedroom Apartments Contact Us For Availability
Revival Midtown NEW
1220 E Medlock DrPhoenix, AZ 85014
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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$1,268 - $4,073Studio to 2 Bedroom Apartments Available Now
Level at Sixteenth
1550 E Campbell AvePhoenix, AZ 85014
1138 E Devonshire Ave
PhoenixAZ85014
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$1,299 - $1,5502 Bedroom Apartments Available Soon
Partenza on Highland
1320 E Highland AvePhoenix, AZ 85014
5303 N 7th St
PhoenixAZ85014
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Studio Apartments
The Studio on 12th Street
4130 N 12th StPhoenix, AZ 85014
4401 N 12th St
PhoenixAZ85014
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1 to 2 Bedroom Apartments
Bonfire Apartments
529-530 E Mariposa StPhoenix, AZ 85012
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Studio to 2 Bedroom Apartments
Rise Midtown
3815 N 16th StPhoenix, AZ 85016
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2 Bedroom Apartments
Waterside
4233 N Longview AvePhoenix, AZ 85014
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Studio to 2 Bedroom Apartments
The Devonshire
4214 N 10th StPhoenix, AZ 85014
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1 to 2 Bedroom Apartments
10th Street
4140 N 10th StPhoenix, AZ 85014
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1 to 2 Bedroom Apartments
3427 N 12th Pl
3427 N 12th PlPhoenix, AZ 85014
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1 to 3 Bedroom Apartments
Encanto Park Apartments
730-820 E Turney AvePhoenix, AZ 85014
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1 Bedroom Apartments
North Longview
4450 N Longview AvePhoenix, AZ 85014
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1 to 3 Bedroom Apartments
The Hibiscus Apartments
5250 N 20th StPhoenix, AZ 85016
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Studio to 3 Bedroom Apartments
Collins Off Colter II
1517 E ColterPhoenix, AZ 85014
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Studio to 3 Bedroom Apartments
The Vines
1110 E Highland AvePhoenix, AZ 85014
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Studio to 2 Bedroom Apartments
Capri Apartments
4312 N 12th StPhoenix, AZ 85014
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
Highland 24
1340 E Highland AvePhoenix, AZ 85014
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Studio to 1 Bedroom Apartments
840 E Turney Ave
840 E Turney AvePhoenix, AZ 85014
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Studio to 1 Bedroom Apartments
Biltmore Flats
1805 E Indian School RdPhoenix, AZ 85016
4306 N 12th St
PhoenixAZ85014
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2 Bedroom Apartments
14 on Eleventh
4020 N 11th StPhoenix, AZ 85014
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Studio to 2 Bedroom Apartments
Art on Highland
4626 N 16th StPhoenix, AZ 85016
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1 to 3 Bedroom Apartments
Mozaic at Steele Park
411 E Indian School RdPhoenix, AZ 85012
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1 to 2 Bedroom Apartments
The Maxwell
4308 N Longview AvePhoenix, AZ 85014
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1 to 2 Bedroom Apartments
Fringe Midtown
948 E Devonshire AvePhoenix, AZ 85014
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
5135 N 10th St
PhoenixAZ85014
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2 Bedroom Apartments
The Mariposa
511 E Mariposa StPhoenix, AZ 85012
4410 N Longview Ave
PhoenixAZ85014
Showing Results 1-48, Page 1 of 1
Central Phoenix, Phoenix, AZ Local Guide
How much does it cost to rent an apartment in Central Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Central Phoenix Studio Apartments | $965 | $704 | $1,769 |
| Central Phoenix 1 Bedroom Apartments | $1,324 | $812 | $2,213 |
| Central Phoenix 2 Bedroom Apartments | $1,965 | $1,091 | $3,174 |
| Central Phoenix 3 Bedroom Apartments | $2,790 | $1,750 | $6,855 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 1 mile radius of the Central Phoenix Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Central Phoenix, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
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Cheapest Available Central Phoenix Apartments for Rent
The cheapest available apartment rental in the Central Phoenix area of Phoenix, AZ is a Studio unit found at Collins off Colter* priced from $700. The Venue on Camelback Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $852. Here are the most affordable Central Phoenix apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Collins off Colter* | S1 - Phase l | Studio,1BA | $700 |
| The Venue on Camelback Apartments | Honey | Studio,1BA | $852 |
| Camelback Cove Apartments | Studio | Studio,1BA | $921 |
| 3427 N 12th Pl | 1 Beds, 1 Baths | 1BR,1BA | $925 |
| Rise Midtown | A1 Platinum | 1BR,1BA | $995 |
| Luna Bear Arcos | Studio | Studio,1BA | $999 |
| Playton Place | Studio, 1 bath | Studio,1BA | $1,000 |
| Urbana on 12th | Studio | Studio,1BA | $1,023 |
| Highland 24 | One Bed One Bath | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Central Phoenix, AZ
As of June 12, 2026 the best value apartment in the Central Phoenix area is the $1.28 price per square foot D1 - Phase ll Model at Collins Off Colter II in the in the Central Phoenix neighborhood starting from $1,979. The second greatest value Central Phoenix apartment is the Three Bedroom Two Bathroom 1294 Sq Ft With Atta... Model at San Mateo Townhomes starting at $2,255 with a $1.74 price per square foot in the Encanto neighborhood. Here is today’s list of the best values for Central Phoenix apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Collins Off Colter II | D1 - Phase ll | 3BR,2BA | $1.28 |
| San Mateo Townhomes | Three Bedroom Two Bathroom 1294 Sq Ft With Atta... | 3BR,2BA | $1.74 |
| The Clayton on Highland | 1 A | 1BR,1.5BA | $1.67 |
| Highland Terrace | One Bed/ One Bath | 1BR,1BA | $1.53 |
| Rise Midtown | A3 Gold | 1BR,1BA | $1.56 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1.81 |
| Highland 24 | One Bed One Bath | 1BR,1BA | $1.74 |
| 3427 N 12th Pl | 1 Beds, 1 Baths | 1BR,1BA | $1.62 |
| Luna Bear Arcos | Studio | Studio ,1BA | $1.78 |
| Playton Place | Studio, 1 bath | Studio ,1BA | $1.84 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
Read Article
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleExpert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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If you’re an expert on all things Central Phoenix, tell us what you love (and don't) by rating it and writing a review.
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Best Local Schools in Central Phoenix, Phoenix, AZ
Phoenix Coding Academy
Phoenix Union High School District
Public School - Grades 9-12 (224)
3 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Phoenix. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Central Phoenix Apartments
What is a cheap apartment in Central Phoenix?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Phoenix is under $1,099.
What is the price of a cheap apartment in Central Phoenix?
The cheapest apartment in Central Phoenix is Collins off Colter* which is listed at $812, while the average apartment in Central Phoenix costs $2,273.
What types of apartments are the cheapest in Central Phoenix?
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 34 regular apartments in Central Phoenix that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Central Phoenix?
Cheap apartments in Central Phoenix have an average cost of $755 which is $1,518 cheaper than the average rent for all rentals in Central Phoenix.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.