
Cheap Apartments for Rent in the Central Phoenix Neighborhood of Phoenix, AZ from $740 (70 Rentals)
Search the lowest-cost Apartments available for rent right now in the Central Phoenix area of Phoenix.


Total Monthly Price
The Venue on Camelback Apartments

Camelback Cove Apartments

Seventh

Urbana on 12th

1340 E Missouri Ave

1328 E Clarendon Ave

1330 E Highland Ave

4310 N 14th St, Unit 4

4310 N 14th St, Unit 1
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810 E Colter St, Unit Apt 14

Highland Terrace

3837 N 4th St

936 E Roma Ave

833 E Turney Ave

Total Monthly Price
Peak 16

1502 E Highland Ave

1138 E Devonshire Ave

938 E Amelia Ave, Unit 2

Partenza on Highland
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1111 E Turney Ave

4224 N 12th St

Revival Midtown NEW

Audere Apartments

Level at Sixteenth

The Highland

920 E Colter St

Total Monthly Price
Citi on Camelback

ASA Midtown

Total Monthly Price
Axis Camelback
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4212 N 19th St

Bonfire Apartments

The Vines

Downing Studios on 12th St

521 E Mariposa ST

3427 N 12th Pl

925 E Turney Ave

Waterside

Rise Midtown

The Devonshire
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10th Street

4248 N 12th St

Encanto Park Apartments

North Longview

The Hibiscus Apartments

Playton Place

Mozaic at Steele Park

Capri Apartments

840 E Turney Ave

Collins Off Colter II
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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 | $959 | $740 | $1,769 |
| Central Phoenix 1 Bedroom Apartments | $1,333 | $818 | $2,165 |
| Central Phoenix 2 Bedroom Apartments | $1,921 | $999 | $4,609 |
| Central Phoenix 3 Bedroom Apartments | $2,669 | $2,015 | $5,327 |
Browse Apartments in this Neighborhood
There are currently 70 rentals with your search options within a 1 mile radius of the Central Phoenix Neighborhood of Phoenix, AZ.
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Central Phoenix, Phoenix, AZ Local Guide
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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 $773. The Vines has the second lowest priced unit, which is a Studio apartment currently listed from $782. 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 | $773 |
| The Vines | Studio | Studio,1BA | $782 |
| Downing Studios on 12th St | Downing Studios on 12th St - 2 | Studio,1BA | $799 |
| Collins off Colter* | A1 - Phase l | 1BR,1BA | $816 |
| 3427 N 12th Pl | 1 Beds, 1 Baths | 1BR,1BA | $845 |
| 925 E Turney Ave | 1BR/1.0BA | 1BR,1BA | $849 |
| Camelback Cove Apartments | Studio | Studio,1BA | $874 |
| Rise Midtown | A3 Classic | 1BR,1BA | $895 |
| Seventh | S1 Gold | Studio,1BA | $899 |
| 4248 N 12th St | 1BR/1.0BA | 1BR,1BA | $925 |
Best Value Apartments for Rent in Central Phoenix, AZ
As of September 10, 2026 the best value apartment in the Central Phoenix area is the $1.60 price per square foot 2A1 Model at The Clayton on Highland in the in the Encanto neighborhood starting from $2,000. The second greatest value Central Phoenix apartment is the 2BR/1.0BA Model at RandDLiving on Roma starting at $1,600 with a $1.60 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. |
|---|---|---|---|
| The Clayton on Highland | 2A1 | 2BR,2.5BA | $1.60 |
| RandDLiving on Roma | 2BR/1.0BA | 2BR,1BA | $1.60 |
| 1504 E Indianola | 2BR/1.5BA | 2BR,1.5BA | $1.60 |
| Collins off Colter* | C1 - Phase l | 2BR,2BA | $1.63 |
| 925 E Turney Ave | 1BR/1.0BA | 1BR,1BA | $1.06 |
| Highland Terrace | One Bed/ One Bath | 1BR,1BA | $1.53 |
| Mozaic at Steele Park | The Fairview | 1BR,1BA | $1.67 |
| Rise Midtown | A2 Gold | 1BR,1BA | $1.55 |
| 4248 N 12th St | 1BR/1.0BA | 1BR,1BA | $1.54 |
| 3427 N 12th Pl | 1 Beds, 1 Baths | 1BR,1BA | $1.48 |
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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.
Best Local Schools in Central Phoenix, Phoenix, AZ
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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 $925.
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 $816, while the average apartment in Central Phoenix costs $1,408.
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 37 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 $559 which is $849 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.
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