Cheap 3 Bedroom Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $730 (25 Rentals)

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Sora
Rent Specials
$1,140 - $1,175
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$1,175 - $1,835

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3 Bedroom Apartments Available Now

Sora

355 N Central AvePhoenix, AZ 85004
Student Housing
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Monterra
Rent Specials
$1,527 - $2,597
Total Monthly Price

Total Monthly Price

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$915 - $2,736

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3 Bedroom Apartments Available Jul 1

Monterra

1333 N 24th StPhoenix, AZ 85008
Affordability
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1608 S 7th Ave
$1,600 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $1,700

Total Monthly Price
$1,600 - $1,700
3 Bedroom Apartment Available Now

1608 S 7th Ave

1608 S 7th AvePhoenix, AZ 85007
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Pasadena Villas
3 Bedroom Apartments

Pasadena Villas

1616 W Pasadena AvePhoenix, AZ 85015
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Rosewood Court
3 Bedroom Apartments

Rosewood Court

5104 N 16th AvePhoenix, AZ 85015

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Sunrise Villas
3 Bedroom Apartments

Sunrise Villas

4141-4142 N 45th PlPhoenix, AZ 85018
  • Utilities Included
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Copper Stone on 32nd
3 Bedroom Apartments

Copper Stone on 32nd

3255 E Roosevelt StPhoenix, AZ 85008
  • Utilities Included
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2520 N 26th St
3 Bedroom Apartments

2520 N 26th St

2520 N 26th StPhoenix, AZ 85008
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Cypress Manor
3 Bedroom Apartments

Cypress Manor

5726 N Black Canyon HwyPhoenix, AZ 85017
  • Utilities Included

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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Escala Central City
3 Bedroom Apartments

Escala Central City

3606 E Van Buren StPhoenix, AZ 85008
  • Utilities Included
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Villa Martel
3 Bedroom Apartments

Villa Martel

3602 E Monte Vista RdPhoenix, AZ 85008
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38 Arcadia
3 Bedroom Apartments

38 Arcadia

3234 N 38th StPhoenix, AZ 85018
  • Utilities Included

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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La Casa Ilusion
3 Bedroom Apartments

La Casa Ilusion

2401 W Avalon DrPhoenix, AZ 85015

Downtown Phoenix, Phoenix, AZ Local Guide

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Frequently Asked Questions about Cheap Downtown Phoenix Apartments

What is a cheap apartment in Downtown Phoenix?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Phoenix is under $749.

What is the price of a cheap apartment in Downtown Phoenix?

The cheapest apartment in Downtown Phoenix is Copper Stone on 32nd which is listed at $1,063, while the average apartment in Downtown Phoenix costs $8,186.

What types of apartments are the cheapest in Downtown 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 1,086 regular apartments in Downtown 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 Downtown Phoenix?

Cheap apartments in Downtown Phoenix have an average cost of $796 which is $7,390 cheaper than the average rent for all rentals in Downtown 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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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

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Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.