Cheap Apartments for Rent in the Central Phoenix Neighborhood of Phoenix, AZ from $700 (41 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Central Phoenix 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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

close
View Me
Bonfire Apartments
1 to 2 Bedroom Apartments

Bonfire Apartments

529-530 E Mariposa StPhoenix, AZ 85012
  • Utilities Included
close
View Me
Waterside
2 Bedroom Apartments

Waterside

4233 N Longview AvePhoenix, AZ 85014
close
View Me
10th Street
1 to 2 Bedroom Apartments

10th Street

4140 N 10th StPhoenix, AZ 85014
close
View Me
The Arcos
Studio Apartments

The Arcos

1637 E Missouri AvePhoenix, AZ 85016
  • Utilities Included
close
View Me
Rise Midtown
Studio to 2 Bedroom Apartments

Rise Midtown

3815 N 16th StPhoenix, AZ 85016
close
View Me
The Vines
1 Bedroom Apartments

The Vines

1110 E Highland AvePhoenix, AZ 85014

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

close
View Me
Capri Apartments
Studio to 2 Bedroom Apartments

Capri Apartments

4312 N 12th StPhoenix, AZ 85014
close
View Me
The Devonshire
1 to 2 Bedroom Apartments

The Devonshire

4214 N 10th StPhoenix, AZ 85014
  • Utilities Included
close
View Me
14 on Eleventh
2 Bedroom Apartments

14 on Eleventh

4020 N 11th StPhoenix, AZ 85014
close
View Me
The Maxwell
2 Bedroom Apartments

The Maxwell

4308 N Longview AvePhoenix, AZ 85014

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

close
View Me
Level at Sixteenth
Studio to 2 Bedroom Apartments

Level at Sixteenth

1550 E Campbell AvePhoenix, AZ 85014
close
View Me
Fringe Midtown
1 to 2 Bedroom Apartments

Fringe Midtown

948 E Devonshire AvePhoenix, AZ 85014
close
View Me
North Longview
1 Bedroom Apartments

North Longview

4450 N Longview AvePhoenix, AZ 85014
close
View Me
Highland 24
1 to 2 Bedroom Apartments

Highland 24

1340 E Highland AvePhoenix, AZ 85014
  • Utilities Included

Central Phoenix, Phoenix, AZ Local Guide

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 Seventh priced from $717. The Venue on Camelback Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $731. Here are the most affordable Central Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
SeventhStudio - ClassicStudio,1BA$717
The Venue on Camelback ApartmentsHoneyStudio,1BA$731
The Studio on 12th StreetstudiosStudio,1BA$799
Collins off Colter*S1U2Studio,1BA$801
The ArcosStudioStudio,1BA$959
Rise MidtownS1Studio,1BA$975
Playton PlaceStudio, 1 bathStudio,1BA$1,000
Camelback Cove ApartmentsA21BR,1BA$1,050
Highland TerraceOne Bed/ One Bath1BR,1BA$1,150

Best Value Apartments for Rent in Central Phoenix, AZ

As of June 09, 2025 the best value apartment in the Central Phoenix area is the $1.76 price per square foot The Wright Model at Novella at Biltmore in the in the Central Phoenix neighborhood starting from $3,199. The second greatest value Central Phoenix apartment is the C1RR Model at Citi on Camelback starting at $2,710 with a $1.95 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Novella at BiltmoreThe Wright3BR,2.5BA$1.76
Citi on CamelbackC1RR3BR,2BA$1.95
Audere ApartmentsDesert Willow2BR,2BA$2.04
Playton Place1 Bed, 1 bath1BR,1BA$1.58
The HighlandTuscany1BR,1BA$2.06
Highland TerraceOne Bed/ One Bath1BR,1BA$1.53
Revival Midtown NEWA1 NY1BR,1BA$2.00
Urbana on 12th1x11BR,1BA$1.98
The ArcosStudioStudio ,1BA$1.71
The Venue on Camelback ApartmentsHoneyStudio ,1BA$1.76

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Central Phoenix, Phoenix, AZ

Ranked #91

Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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 the Cheapest Studio apartment in Central Phoenix?

Currently the most affordable Cheap Studio Apartment in Central Phoenix is at Seventh listed at $717.

How much is rent for a Cheap One Bedroom Central Phoenix Apartment?

The lowest price for a Cheap One Bedroom Central Phoenix Apartment is $849 at The Venue on Camelback Apartments.

What is the lowest price for a Cheap Two Bedroom Central Phoenix Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Central Phoenix is starting from $1,250 at Highland Terrace.

What is the most affordable Central Phoenix Three Bedroom Apartment?

The best deal on a cheap Central Phoenix Three Bedroom Apartment rental is at Seventh and starts from $1,947.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.