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$526 - $1,6021 to 3 Bedroom Apartments Available Now
Phoenix Scholar House
2950 N 18th PlPhoenix, AZ 85016
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (644 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.
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$649 - $899Studio to 2 Bedroom Apartments Contact Us For Availability
Vista Village on Van Buren
3541 E Van Buren StPhoenix, AZ 85008
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$665 - $1,480Studio to 2 Bedroom Apartments Available Now
Spectra Midtown
2030 W Indian School RdPhoenix, AZ 85015
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$675 - $2,018Studio to 1 Bedroom Apartments Available Now
2025 West Apartment Homes
2025 W Indian School RdPhoenix, AZ 85015
1845 E Monroe St
PhoenixAZ85034
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$696 - $5,051Studio to 3 Bedroom Apartments Available Now
Collins off Colter*
5128 N 15th StPhoenix, AZ 85014
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$699 - $1,0991 to 2 Bedroom Apartments Available Now
Radius Apartments
2925 N Greenfield RdPhoenix, AZ 85016
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$714 - $2,016
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$611 - $1,913
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The Venue on Camelback Apartments
1930 E Camelback RdPhoenix, AZ 85016
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$715 - $1,2501 to 2 Bedroom Apartments Available Now
Park Lee
1600 W Highland AvePhoenix, AZ 85015
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$720 - $1,155Studio to 1 Bedroom Apartments Available Now
Victory Place I-IV
850 E Jones AvePhoenix, AZ 85040
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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$725 - $825Studio Apartments Available Now
The Studio on 12th Street
4130 N 12th StPhoenix, AZ 85014
2524 E Willetta St
PhoenixAZ85008
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$731 - $3,462
Total Monthly Price
Studio to 4 Bedroom Apartments Available NowTotal Monthly Price
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$669 - $3,400
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Adara
888 N 4th StPhoenix, AZ 85004
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$749 - $1,280Studio to 2 Bedroom Apartments Available Now
Park Terrace
4715 N Black Canyon HwyPhoenix, AZ 85015
1233 W Pierce St
PhoenixAZ85007
1759 W Hadley St
PhoenixAZ85007
1235 E Taylor St
PhoenixAZ85006
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$750 - $1,350
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$475 - $1,075
Required Monthly Fees
$275
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$750 - $1,350
Summit on Thomas
2735 E Thomas RdPhoenix, AZ 85016
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$750Studio Apartments Available Now
1805 E Indian School Rd
1805 E Indian School RdPhoenix, AZ 85016
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$775 - $1,050Studio to 1 Bedroom Apartments Available Now
829 N 4th Ave
829 N 4th AvePhoenix, AZ 85003
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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$7751 Bedroom Apartment Available Now
1918 E Adams St, Unit 4
1918 E Adams StPhoenix, AZ 85034
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$779 - $1,084Studio to 1 Bedroom Apartments Available Now
Courtyard at Encanto Apartments
2322 W Thomas RdPhoenix, AZ 85015
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$790 - $1,880
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$751 - $1,841
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Capri on Camelback
5115 N 40th StPhoenix, AZ 85018
4401 N 12th St
PhoenixAZ85014
1125 E Devonshire Ave
PhoenixAZ85014
1214 W Roosevelt St
PhoenixAZ85007
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$799 - $1,199Studio to 2 Bedroom Apartments Available Now
Coral Gardens
3230 E Roosevelt StPhoenix, AZ 85008
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$7991 to 2 Bedroom Apartments Available May 15
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
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$799 - $1,199Studio to 2 Bedroom Apartments Available Apr 5
Pierson Place Apartments
365 W Pierson StPhoenix, AZ 85013
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$799 - $1,4491 to 2 Bedroom Apartments Available Now
Resort on 27th
4227 N 27th AvePhoenix, AZ 85017
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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$799 - $2,530
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$774 - $2,505
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Omnia on Thomas
1645 E Thomas RdPhoenix, AZ 85016
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$799 - $1,420
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$784 - $1,405
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Amara Apartments
2928 E Osborn RdPhoenix, AZ 85016
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$799 - $1,350Studio to 2 Bedroom Apartments Available Now
Prados Apartments at Arcadia
4815 E Thomas RdPhoenix, AZ 85018
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$799 - $1,105Studio to 3 Bedroom Apartments Available Now
Kinley at Biltmore
2912 E Indian School RdPhoenix, AZ 85016
328 N 11th Pl
PhoenixAZ85006
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$800
Total Monthly Price
Studio Apartment Available NowTotal Monthly Price
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$800
Total Monthly Price
$800
1716 E Earll Dr, Unit 1716 E. Earll Drive Unit
1716 E Earll DrPhoenix, AZ 85016
4130 N 12th St
PhoenixAZ85014
3141 E Cypress St
PhoenixAZ85008
419 N 20th St
PhoenixAZ85006
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$808 - $1,887Studio to 2 Bedroom Apartments Available Now
Arcadia on 49th
4902 E Thomas RdPhoenix, AZ 85018
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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$813 - $2,786
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$787 - $2,760
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Terrasol
1010 N 48th StPhoenix, AZ 85008
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$815 - $1,508
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$603 - $1,296
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Crosstown Phoenix
1601 W Camelback RdPhoenix, AZ 85015
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$817 - $2,015Studio to 1 Bedroom Apartments Available Now
Imperial
919 N 20th StPhoenix, AZ 85006
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$818 - $1,603
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$790 - $1,575
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Briella Phoenix
1502 E Osborn RdPhoenix, AZ 85014
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$825 - $1,465Studio to 2 Bedroom Apartments Available Now
San Rivello
5333 E Thomas RdPhoenix, AZ 85018
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$825 - $950
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1 Bedroom Apartments Available NowTotal Monthly Price
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$725 - $850
Required Monthly Fees
$100
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$825 - $950
Santorini Villa Apartments
1207 N 48th StPhoenix, AZ 85008
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$830 - $2,100
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$750 - $2,020
Required Monthly Fees
$80
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$830 - $2,100
The Palmer
815 E Bethany Home RdPhoenix, AZ 85014
1645 E Thomas Rd
PhoenixAZ85016
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$835 - $1,475Studio to 1 Bedroom Apartments Available Now
Valencia Park
5104 E Van Buren StPhoenix, AZ 85008
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$841 - $1,4771 to 2 Bedroom Apartments Available Now
Ava Park
2524 W Glenrosa AvePhoenix, AZ 85017
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.
Downtown Phoenix, Phoenix, AZ Local Guide
How much does it cost to rent an apartment in Downtown Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Phoenix Studio Apartments | $1,405 | $649 | $4,293 |
| Downtown Phoenix 1 Bedroom Apartments | $1,617 | $526 | $6,267 |
| Downtown Phoenix 2 Bedroom Apartments | $2,165 | $644 | $10,000+ |
| Downtown Phoenix 3 Bedroom Apartments | $2,876 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $1,963 | $959 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 644 rentals with your search options within a 2 mile radius of the Downtown Phoenix Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Downtown Phoenix, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
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Cheapest Available Downtown Phoenix Apartments for Rent
The cheapest available apartment rental in the Downtown Phoenix area of Phoenix, AZ is a 1 Bed unit found at Phoenix Scholar House priced from $526. Legacy Crossing I & II has the second lowest priced unit, which is a 3 Beds apartment currently listed from $639. Here are the most affordable Downtown Phoenix apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Phoenix Scholar House | Phoenix Scholar House 1/1 588 SF | 1BR,1BA | $526 |
| Legacy Crossing I & II | LG2 3 Bedroom | 3BR,2BA | $639 |
| Spectra Midtown | S2C | Studio,1BA | $665 |
| 2025 West Apartment Homes | S1 | Studio,1BA | $675 |
| Collins off Colter* | S1 - Phase l | Studio,1BA | $696 |
| Radius Apartments | 1bd/1ba | 1BR,1BA | $699 |
| The Venue on Camelback Apartments | Honey | Studio,1BA | $714 |
| Park Lee | One-Bedroom | 1BR,1BA | $715 |
| Victory Place I-IV | Studio | Studio,1BA | $720 |
| Sunset Sound Studio Apartments | STU-U | Studio,1BA | $730 |
Best Value Apartments for Rent in Downtown Phoenix, AZ
As of March 22, 2026 the best value apartment in the Downtown Phoenix area is the $1.12 price per square foot 3 Bedroom Townhouse Model at Matthew Henson Apartments in the in the South Phoenix neighborhood starting from $1,449. The second greatest value Downtown Phoenix apartment is the 3B2B - B Model at Copper Stone on 32nd starting at $1,066 with a $0.86 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Downtown Phoenix apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Matthew Henson Apartments | 3 Bedroom Townhouse | 3BR,2.5BA | $1.12 |
| Copper Stone on 32nd | 3B2B - B | 3BR,2BA | $0.86 |
| Legacy Crossing I & II | 3 bedroom | 3BR,2BA | $0.97 |
| Villas at Papago | Two Bedroom Villas | 2BR,1BA | $1.02 |
| Camelback Gardens | Two Bedroom, Two Bath | 2BR,2BA | $1.25 |
| Collins Off Colter II | B3 - Phase ll | 2BR,1BA | $1.14 |
| Radius Apartments | 2bd/1ba | 2BR,1BA | $1.19 |
| Arcadia 30 | 2x1 | 2BR,1BA | $1.21 |
| Briella Phoenix | A1 | 1BR,1BA | $1.21 |
| Park Lee | One-Bedroom | 1BR,1BA | $1.06 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleExpert'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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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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If you’re an expert on all things Downtown Phoenix, tell us what you love (and don't) by rating it and writing a review.
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Best Local Schools in Downtown Phoenix, Phoenix, AZ
Phoenix Union Bioscience High School
Phoenix Union High School District
Public School - Grades 9-12 (0)
10 out of 10
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com works hard to bring you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, family-friendliness, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
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 $730.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Phoenix Scholar House which is listed at $526, while the average apartment in Downtown Phoenix costs $7,500.
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 1,964 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 $929 which is $6,571 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.
Helpful Local Expert Guides
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).
Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
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.
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.