
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (595 Rentals) Page 2 of 12
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


2230 E Polk St

2226 N 22nd St

2237 W Glenrosa Ave

1625 W Missouri Ave

3949 E Earll Dr

3141 E Cypress St
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.

Terrasol

Ava North & South

ReNew Biltmore

Camelback Cove Apartments

The Continental

1317 N 48th Pl

Papago Vista

The Palmer

Echelon Apartments

Arcadia Villa Apartments
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.

4940 E Holly St

3445 E Earll Dr

Summit on Thomas

The Onyx Apartments

La Terraza

502 E Mariposa St

601 N 6th Ave

1832 E Harvard St

The Urban
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!

Luna Bear Arcos

Ambassador West Apartments

1241 E McKinley St

The Palms

VB on 12th

Urban Walk Apartments

Arcadia Gardens

Tides on Osborn

3101 N 32nd St

inHabit on 7th

Terra Villa Apartments
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

1529 E McKinley St

121 N 12th Ave

1328 E Clarendon Ave

Streamliner 16th

Urbana on 12th

Carole Arms
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 | $1,424 | $695 | $2,365 |
Downtown Phoenix 1 Bedroom Apartments | $1,724 | $670 | $7,831 |
Downtown Phoenix 2 Bedroom Apartments | $2,151 | $799 | $9,803 |
Downtown Phoenix 3 Bedroom Apartments | $3,024 | $879 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,117 | $824 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 595 rentals with your search options within a 2 mile radius of the Downtown Phoenix Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
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 $740.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Legacy Crossing I & II which is listed at $647, while the average apartment in Downtown Phoenix costs $2,269.
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 547 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 $348 which is $1,921 cheaper than the average rent for all rentals in Downtown Phoenix.
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.

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).

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.