Cheap Homes for Rent in Central Phoenix Neighborhood of Phoenix, AZ from $700 (11 Rentals)

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

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.

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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.

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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*S15Studio,1BA$850
The ArcosStudioStudio,1BA$959

Best Value Apartments for Rent in Central Phoenix, AZ

As of June 03, 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 4307 N 13th Pl Model at 4307 N 13th Pl, Unit 3 starting at $3,000 with a $1.69 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
4307 N 13th Pl, Unit 34307 N 13th Pl4BR,3.5BA$1.69
Citi on CamelbackC1RR3BR,2BA$1.95
Playton Place1 Bed, 1 bath1BR,1BA$1.58
The HighlandTuscany1BR,1BA$2.08
Highland TerraceOne Bed/ One Bath1BR,1BA$1.53
Audere ApartmentsBlazing Star1BR,1BA$2.01
Revival Midtown NEWA1 NY1BR,1BA$2.00
The ArcosStudioStudio ,1BA$1.71
The Venue on Camelback ApartmentsHoneyStudio ,1BA$1.76

Quick Rent Budget Calculator

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Frequently Asked Questions about Central Phoenix

What type of rentals are currently available in Central Phoenix?

There are currently 233 Apartments for Rent in Central Phoenix, AZ with pricing that ranges from $731 to $7,869. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Phoenix ranging from $750 to $6,500.

What is the current price range for Rental Homes in Central Phoenix?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Phoenix ranges from $750 to $6,500 with an average monthly rent of $2,376.

How much are larger Three and Four Bedroom Rentals in Central Phoenix?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Central Phoenix range from $1,947 to $7,869, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,125 to $3,700. Four Bedroom Single-Family rentals are also available starting from $2,750 and Four Bedroom Apartments start at $3,000.

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

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).

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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.

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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.