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$649 - $899Studio to 2 Bedroom Apartments Available Now
Vista Village on Van Buren
3541 E Van Buren StPhoenix, AZ 85008
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $507 (688 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.
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$659 - $1,5331 to 2 Bedroom Apartments Available Now
Ava Park
2524 W Glenrosa AvePhoenix, AZ 85017
1216 W Roosevelt St
PhoenixAZ85007
1229 W Pierce St
PhoenixAZ85007
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$700 - $1,350Studio to 2 Bedroom Apartments Available Now
Prados Apartments at Arcadia
4815 E Thomas RdPhoenix, AZ 85018
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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
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$750 - $1,460Studio to 1 Bedroom Apartments Available Now
Valencia Park
5104 E Van Buren StPhoenix, AZ 85008
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$730 - $3,915Studio to 2 Bedroom Apartments Available Now
Boulder Creek Apartments
915 N 52nd StPhoenix, AZ 85008
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$730 - $2,250
Total Monthly Price
Base Rent$730 - $2,250
Total Monthly PriceVaries
Omnia on Thomas
1645 E Thomas RdPhoenix, AZ 85016
From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.
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$734 - $2,521
Total Monthly Price
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Total Monthly Price$734 - $2,521
Collins off Colter*
5128 N 15th StPhoenix, AZ 85014
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$713 - $1,627
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Crosstown Phoenix
1601 W Camelback RdPhoenix, AZ 85015
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$741 - $3,162
Total Monthly Price
Base Rent$741 - $3,162
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Adara
888 N 4th StPhoenix, AZ 85004
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$749 - $1,025Studio to 1 Bedroom Apartments Available Now
The Loreto Apartments
1350 E Thomas RdPhoenix, AZ 85014
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$749 - $1,209Studio to 2 Bedroom Apartments Available Now
Park Terrace
4715 N Black Canyon HwyPhoenix, AZ 85015
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$749 - $8491 to 2 Bedroom Apartments Available Now
Radius Apartments
2925 N Greenfield RdPhoenix, AZ 85016
2929 N Greenfield Rd
PhoenixAZ85016
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$750 - $1,210
Total Monthly Price
Base Rent$750 - $1,210
Total Monthly Price$750 - $1,210
Canberra Apartments
2929 N 36th StPhoenix, AZ 85018
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$755 - $1,441Studio to 2 Bedroom Apartments Available Now
Colter Park Apartments
909 W Colter StPhoenix, AZ 85013
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$759 - $959Studio to 1 Bedroom Apartments Available Now
Courtyard at Encanto Apartments
2322 W Thomas RdPhoenix, AZ 85015
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$763 - $1,400Studio to 1 Bedroom Apartments Available Now
Duo Apartments
1116 W Indian School RdPhoenix, AZ 85013
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$773 - $1,954
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The Venue on Camelback Apartments
1930 E Camelback 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
1845 E Monroe St
PhoenixAZ85034
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$802 - $1,550Studio to 2 Bedroom Apartments Available Now
Ava North & South
3426 N 32nd StPhoenix, AZ 85018
1040 N 16th St
PhoenixAZ85006
1145-1147 W Fillmore St
PhoenixAZ85007
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$7991 to 2 Bedroom Apartments Available Now
Ambassador West Apartments
345 N 5th AvePhoenix, AZ 85003
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$799 - $1,0501 to 2 Bedroom Apartments Available Now
La Buena Vida
2445 W Glenrosa AvePhoenix, AZ 85015
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$799 - $1,4491 to 2 Bedroom Apartments Available Now
Resort on 27th
4227 N 27th AvePhoenix, AZ 85017
Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.
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$799 - $899Studio to 1 Bedroom Apartments Available Now
Spectra Midtown
2030 W Indian School RdPhoenix, AZ 85015
1036 N 16th St
PhoenixAZ85006
1505 N 15th Ave
PhoenixAZ85007
2417 West Campbell Ave
PhoenixAZ85015
4837 E Willetta St
PhoenixAZ85008
328 N 11th Pl
PhoenixAZ85006
3926 E Earll Dr
PhoenixAZ85018
2936 E Indian School Rd
PhoenixAZ85016
1819 W Willetta St
PhoenixAZ85007
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$825 - $975Studio to 2 Bedroom Apartments Available Now
The Palms
2522 W Highland 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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$825 - $950Studio Apartments Available Soon
16th Ave Apartments
201-209 N 16th AvePhoenix, AZ 85007
849 W Mitchell Dr
PhoenixAZ85013
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$836 - $2,705Studio to 2 Bedroom Apartments Available Now
Camelback Cove Apartments
4802 N 12th StPhoenix, AZ 85014
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$847 - $1,1971 to 2 Bedroom Apartments Available Now
Acacia Gardens
1515 W Missouri AvePhoenix, AZ 85015
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$849 - $2,222
Total Monthly Price
Base Rent$849 - $2,222
Total Monthly PriceVaries
Terrasol
1010 N 48th StPhoenix, AZ 85008
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$849 - $1,619Studio to 2 Bedroom Apartments Available Now
ReNew Biltmore
2911 E Indian School RdPhoenix, AZ 85016
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$849 - $1,4001 Bedroom Apartments Available Now
TerraceVue
622 N 9th AvePhoenix, AZ 85007
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$850 - $1,720Studio to 1 Bedroom Apartments Available Now
inHabit on 7th
5615 N 7th StPhoenix, AZ 85014
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$871 - $2,382
Total Monthly Price
Base Rent$871 - $2,382
Total Monthly PriceVaries
Briella Phoenix
1502 E Osborn RdPhoenix, AZ 85014
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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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 | $1,338 | $649 | $3,717 |
| Downtown Phoenix 1 Bedroom Apartments | $1,601 | $659 | $6,814 |
| Downtown Phoenix 2 Bedroom Apartments | $2,184 | $799 | $8,277 |
| Downtown Phoenix 3 Bedroom Apartments | $3,208 | $825 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $2,371 | $971 | $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 688 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 Garfield Terrace priced from $507. 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 |
|---|---|---|---|
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR, 1BA | $507 |
| Legacy Crossing I & II | 3 bedroom | 3BR, 2BA | $639 |
| 2025 West Apartment Homes | S1 | Studio, 1BA | $680 |
| 1229 W Pierce St | 0BR/1.0BA | Studio, 1BA | $699 |
| Aspire Apartment Homes | 0 x 1 - Classic | Studio, 1BA | $699 |
| Prados Apartments at Arcadia | S1 | Studio, 1BA | $700 |
| Park Lee | One-Bedroom | 1BR, 1BA | $715 |
| Victory Place I-IV | Studio | Studio, 1BA | $720 |
| 901 E. Pierce St. | 0BR/1.0BA | Studio, 1BA | $724 |
| Ava Park | A2 Income Qualified Homes | 1BR, 1BA | $725 |
Best Value Apartments for Rent in Downtown Phoenix, AZ
As of September 20, 2026 the best value apartment in the Downtown Phoenix area is the $1.01 price per square foot 3 Bedroom 2.5 Bath Model at Monterosa Villas in the Downtown Phoenix neighborhood starting from $2,300. The second greatest value Downtown Phoenix apartment is the 3 BED 2.5 BATH Model at Woodgate Townhomes in the South Phoenix neighborhood starting at $1,895 with a $1.11 price per square foot. 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. |
|---|---|---|---|
| Monterosa Villas | 3 Bedroom 2.5 Bath | 3BR, 2.5BA | $1.01 |
| Woodgate Townhomes | 3 BED 2.5 BATH | 3BR, 2.5BA | $1.11 |
| Topaz Pointe | Topaz Pointe 3 Bedroom | 3BR, 2BA | $1.00 |
| 925 E Turney Ave | 1BR/1.0BA | 1BR, 1BA | $1.06 |
| Arcadia Lofts | 1bd/1ba | 1BR, 1BA | $1.06 |
| The Palms | 2BR/1BA | 2BR, 1BA | $1.19 |
| Cactus Canyon | One Bedroom-One Bath | 1BR, 1BA | $1.20 |
| 2539 West Pierson Street | 1BR/1.0BA | 1BR, 1BA | $1.10 |
| Park Lee | One-Bedroom | 1BR, 1BA | $1.06 |
| Radius Apartments | 1bd/1ba | 1BR, 1BA | $1.15 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Read ArticleReal 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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Quick Rent Budget Calculator
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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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Best Local Schools in Downtown Phoenix, Phoenix, AZ
Phoenix Union Bioscience High School
Phoenix Union High School District
Public School - Grades 9-12 (390)
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 $725.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Garfield Terrace which is listed at $507, while the average apartment in Downtown Phoenix costs $1,545.
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 981 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 $807 which is $738 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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From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
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I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.
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