
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (633 Rentals) Page 2 of 13
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


The Continental

Coral Gardens

2133 W Adams St

Total Monthly Price
713 W Pima St

1819 W Willetta St

Papago Gardens Apartments

Santorini Villa Apartments

1833 E Harvard St
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Total Monthly Price
Terrasol

ReNew Biltmore

Arcadia on 49th

Senara Apartments

1040 N 16th St

1038 N 16th St

inHabit on 7th

The Urban

Total Monthly Price
Briella Phoenix

Camelback Cove Apartments
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!

The Palmer

Cactus Canyon

The Onyx

Carole Arms Apartments

Colonia

Echelon Apartments

San Rivello

Imperial

1522 W Polk St

1627 E Pinchot Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2226 W Heatherbrae Dr

2543 E Brill St

Boulder Creek Apartments

The Palms

Ellis Midtown

1806 E Coronado Rd

2133 W Turney Ave

1709 W Sherman St

3816 E McDowell Rd, Unit 115

3816 E McDowell Rd, Unit 216
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.

1340 E Missouri Ave

3903 N 12th St

903 N 22nd Pl

1241 N 48th St

Avante Pointe

Agave Court

Total Monthly Price
Icon on Central

Arcadia Gardens

Arcadia Villa Apartments
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.
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 | $1,347 | $649 | $3,556 |
| Downtown Phoenix 1 Bedroom Apartments | $1,623 | $699 | $6,560 |
| Downtown Phoenix 2 Bedroom Apartments | $2,215 | $849 | $8,255 |
| Downtown Phoenix 3 Bedroom Apartments | $3,098 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $2,137 | $976 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 633 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 the Cheapest Studio apartment in Downtown Phoenix?
Currently the most affordable Cheap Studio Apartment in Downtown Phoenix is at 2025 West Apartment Homes listed at $655.
How much is rent for a Cheap One Bedroom Downtown Phoenix Apartment?
The lowest price for a Cheap One Bedroom Downtown Phoenix Apartment is $507 at Garfield Terrace.
What is the lowest price for a Cheap Two Bedroom Downtown Phoenix Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Phoenix is starting from $799 at 2510 E Pueblo Ave.
What is the most affordable Downtown Phoenix Three Bedroom Apartment?
The best deal on a cheap Downtown Phoenix Three Bedroom Apartment rental is at Legacy Crossing I & II and starts from $639.
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

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.

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.

A Phoenix Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

