Cheap Homes for Rent in Central Phoenix Neighborhood of Phoenix, AZ from $700 (18 Rentals)

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

property at 5128 N 15th St

5128 N 15th St

PhoenixAZ85014
property at 5128 N 15th St

5128 N 15th St

PhoenixAZ85014
property at 4231 N 13th Pl

4231 N 13th Pl

PhoenixAZ85014
property at 4231 N 13th Pl

4231 N 13th Pl

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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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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property at 5128 N 15th St

5128 N 15th St

PhoenixAZ85014

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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Showing Results 1-18, Page 1 of 1

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 Collins off Colter* priced from $681. The Venue on Camelback Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $767. Here are the most affordable Central Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Collins off Colter*S1 - Phase lStudio,1BA$681
The Venue on Camelback ApartmentsHoneyStudio,1BA$767
Seventh ApartmentsS1Studio,1BA$835
Luna Bear ArcosStudioStudio,1BA$899
The DevonshireThe StudioStudio,1BA$899

Best Value Apartments for Rent in Central Phoenix, AZ

As of November 01, 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 4 starting at $2,799 with a $1.58 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 44307 N 13th Pl4BR,3.5BA$1.58
San Mateo TownhomesThree Bedroom Two Bathroom 1294 Sq Ft With Atta...3BR,2BA$1.55
Collins Off Colter IIB3 - Phase ll2BR,1BA$1.13
Partenza on HighlandTwo Bedroom, One Bath2BR,1BA$1.65
Playton Place1 Bed, 1 bath1BR,1BA$1.58
Highland TerraceOne Bed/ One Bath1BR,1BA$1.53
The Devonshire1 Bed / 1 Bath1BR,1BA$1.67
Luna Bear Arcos1 Bedroom 1 Bath P1BR,1BA$1.78
Seventh ApartmentsS1Studio ,1BA$1.78

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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Expert'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

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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.

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Pet Friendly Lifestyle
Central Phoenix, Phoenix, AZ

Ranked #72

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Central Phoenix, Phoenix, AZ

School data provided by Great Schools

Frequently Asked Questions about Central Phoenix

What type of rentals are currently available in Central Phoenix?

There are currently 237 Apartments for Rent in Central Phoenix, AZ with pricing that ranges from $681 to $7,869. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Phoenix ranging from $727 to $6,000.

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 $727 to $6,000 with an average monthly rent of $2,001.

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 $2,120 to $7,869, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $2,799.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.