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$664 - $2,922Studio to 3 Bedroom Apartments Available Now
Collins Off Colter II
1517 E ColterPhoenix, AZ 85014
Cheap Apartments for Rent in the Central Phoenix Neighborhood of Phoenix, AZ from $600 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Phoenix area of Phoenix.
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$677 - $2,654Studio to 2 Bedroom Apartments Available Now
Collins off Colter*
5128 N 15th StPhoenix, AZ 85014
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$691 - $2,003Studio to 2 Bedroom Apartments Available Now
The Venue on Camelback Apartments
1930 E Camelback RdPhoenix, AZ 85016
5128 N 15th St
PhoenixAZ85014
1125 E Devonshire Ave
PhoenixAZ85014
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$835 - $1,199Studio to 3 Bedroom Apartments Available Now
Seventh Apartments
5145 N 7th StPhoenix, AZ 85014
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$899 - $999Studio to 1 Bedroom Apartments Available Now
Luna Bear Arcos
1637 E Missouri AvePhoenix, AZ 85016
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$899 - $999Studio to 1 Bedroom Apartments Available Now
The Devonshire
4214 N 10th StPhoenix, AZ 85014
1345 E Campbell Ave
PhoenixAZ85014
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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$940 - $2,998Studio to 2 Bedroom Apartments Available Now
Camelback Cove Apartments
4802 N 12th StPhoenix, AZ 85014
4231 N 13th Pl
PhoenixAZ85014
4524 N 14th Pl
PhoenixAZ85014
4401 N 12th St
PhoenixAZ85014
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$1,000 - $1,800Studio to 2 Bedroom Apartments Available Now
Playton Place
3625 N 16th StPhoenix, AZ 85016
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$1,095 - $1,601Studio to 2 Bedroom Apartments Available Now
Urbana on 12th
4225 N 12TH StPhoenix, AZ 85014
4310 N 14th St
PhoenixAZ85014
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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411 E Indian School Rd
PhoenixAZ85012
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$1,150 - $1,2501 to 2 Bedroom Apartments Available Now
Highland Terrace
1108 E Highland AvePhoenix, AZ 85014
4126 N Longview Ave
PhoenixAZ85014
908 E Pasadena Ave
PhoenixAZ85014
4410 N Longview Ave
PhoenixAZ85014
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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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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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Showing Results 1-39, 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 | $936 | $664 | $1,780 |
| Central Phoenix 1 Bedroom Apartments | $1,362 | $764 | $2,040 |
| Central Phoenix 2 Bedroom Apartments | $1,704 | $999 | $3,831 |
| Central Phoenix 3 Bedroom Apartments | $2,660 | $1,469 | $7,869 |
Browse Apartments in this Neighborhood
There are currently 39 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 The Venue on Camelback Apartments priced from $691. Seventh Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Central Phoenix apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Venue on Camelback Apartments | Honey | Studio,1BA | $691 |
| Seventh Apartments | S1 | Studio,1BA | $835 |
| Collins off Colter* | A1 - Phase l | 1BR,1BA | $890 |
| The Devonshire | The Studio | Studio,1BA | $899 |
| Luna Bear Arcos | Studio | Studio,1BA | $899 |
| Camelback Cove Apartments | Studio | Studio,1BA | $940 |
| Collins Off Colter II | A2 - Phase ll | 1BR,1BA | $965 |
| North Longview | One Bedroom | 1BR,1BA | $999 |
| Playton Place | Studio, 1 bath | Studio,1BA | $1,000 |
| Urbana on 12th | Studio | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Central Phoenix, AZ
As of December 08, 2025 the best value apartment in the Central Phoenix area is the $1.53 price per square foot Three Bedroom Two Bathroom 1266 Sq Ft With Atta... Model at San Mateo Townhomes in the in the Encanto neighborhood starting from $1,933. The second greatest value Central Phoenix apartment is the Two Bedroom, One Bath Model at Partenza on Highland starting at $1,279 with a $1.45 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. |
|---|---|---|---|
| San Mateo Townhomes | Three Bedroom Two Bathroom 1266 Sq Ft With Atta... | 3BR,2BA | $1.53 |
| Partenza on Highland | Two Bedroom, One Bath | 2BR,1BA | $1.45 |
| Highland Terrace | One Bed/ One Bath | 1BR,1BA | $1.53 |
| The Mariposa | 2 br no patio | 2BR,1BA | $1.79 |
| Playton Place | Studio, 1 bath | Studio ,1BA | $1.54 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1.81 |
| The Devonshire | 1 Bed / 1 Bath | 1BR,1BA | $1.67 |
| Luna Bear Arcos | 1 Bedroom 1 Bath P | 1BR,1BA | $1.78 |
| Collins off Colter* | A1 - Phase l | 1BR,1BA | $1.65 |
| The Venue on Camelback Apartments | Honey | Studio ,1BA | $1.66 |
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.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 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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Pet Friendly LifestyleCentral Phoenix, Phoenix, AZ
Ranked #72
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Central Phoenix, Phoenix, AZ
Phoenix Coding Academy
Phoenix Union High School District
Public School - Grades 9-12 (276)
6 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 $1,095.
What is the price of a cheap apartment in Central Phoenix?
The cheapest apartment in Central Phoenix is The Venue on Camelback Apartments which is listed at $807, while the average apartment in Central Phoenix costs $2,344.
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 49 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 $909 which is $1,435 cheaper than the average rent for all rentals in Central Phoenix.
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.
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).
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!