Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (644 Rentals) Page 2 of 13

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Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.

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Colter Park Apartments
Rent Specials
$845 - $2,140
Total Monthly Price

Total Monthly Price

Base Rent
$830 - $2,125
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Colter Park Apartments

909 W Colter StPhoenix, AZ 85013
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1707 N 18th St

$850 - $1,300

1 To 2 Bedroom Rentals

Available Now

1707 N 18th St

PhoenixAZ85006
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Melrose3130
Rent Specials
$890 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$490 - $995
Required Monthly Fees
$400

Total Monthly Price
$890 - $1,395
Studio Apartments Available Now

Melrose3130

3130 N 7th AvePhoenix, AZ 85013
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Navigating 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.

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Derby
Rent Specials
$899 - $4,749
Total Monthly Price

Total Monthly Price

Base Rent
$414 - $4,264
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Derby

800 N 2nd StPhoenix, AZ 85004
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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X Phoenix
Rent Specials
$899 - $3,142
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $3,092
Required Monthly Fees
$50

Total Monthly Price
$899 - $3,142
Studio to 2 Bedroom Apartments Available Now

X Phoenix

200 W Monroe StPhoenix, AZ 85003
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Downtown Phoenix - One of the Best Affordable Neighborhoods in Phoenix

Named as one of the Best Affordable Areas to rent in Phoenix by our Phoenix, AZ Local Expert Andrew Jollett. See how it ranks!

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Desert Sunshine 3
Rent Specials
$899
Total Monthly Price

Total Monthly Price

Base Rent
$849
Required Monthly Fees
$50

Total Monthly Price
$899
1 Bedroom Apartments Available Now

Desert Sunshine 3

3201 N 36th StPhoenix, AZ 85018
Affordability
  • Verified
  • Utilities Included
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1517 W Thomas Rd, Unit 3
$900
Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900
1 Bedroom Apartment Available Now

1517 W Thomas Rd, Unit 3

1517 W Thomas RdPhoenix, AZ 85015
Affordability
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Monterey Village
Rent Specials
$909 - $1,433
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,399
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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Camelback Cove Apartments
Rent Specials
$917 - $2,919
Total Monthly Price

Total Monthly Price

Base Rent
$903 - $2,905
Required Monthly Fees
$14

Total Monthly Price
$917 - $2,919
Studio to 2 Bedroom Apartments Available Now

Camelback Cove Apartments

4802 N 12th StPhoenix, AZ 85014
Furnished
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  • Customer Reviewed
  • 3D Tour
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Senara Apartments
Rent Specials
$930 - $2,380
Total Monthly Price

Total Monthly Price

Base Rent
$858 - $2,308
Required Monthly Fees
$72

Total Monthly Price
$930 - $2,380
Studio to 2 Bedroom Apartments Available Now

Senara Apartments

5225-5227 E Thomas RdPhoenix, AZ 85018
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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inHabit on 7th
Rent Specials
$940 - $1,494
Total Monthly Price

Total Monthly Price

Base Rent
$715 - $1,269
Required Monthly Fees
$225

Total Monthly Price
$940 - $1,494
Studio to 1 Bedroom Apartments Available Now

inHabit on 7th

5615 N 7th StPhoenix, AZ 85014
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1505 N 15th Ave

$950 - $1,099

1 To 2 Bedroom Rentals

Available Now

1505 N 15th Ave

PhoenixAZ85007
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Monterra
Rent Specials
$963 - $2,720
Total Monthly Price

Total Monthly Price

Base Rent
-$65 - $1,692
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Monterra

1333 N 24th StPhoenix, AZ 85008
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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

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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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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.

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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.

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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

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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.

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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.

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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.

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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.