
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (601 Rentals) Page 2 of 13
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


16th Ave Apartments

Terra Villa Apartments

121 N 12th Ave

4444 N 7th Ave

1125 E Devonshire Ave

4401 N 12th St

inHabit on 7th

U Apartments @ Melrose

32 Arcadia
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.

La Cima Apartments

Pecan Tree

Desert Sunshine 1

Cactus Canyon

X Phoenix

Camelback Properties

1716 E Earll Dr, Unit 1716 E. Earll Drive Unit

3926 E Earll Dr

Santorini Villa 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!

3141 E Cypress St

Echelon Apartments

Papago Gardens Apartments

The Palmer

Camelback Cove Apartments

Colter Park

The Onyx

Arcadia Gardens

3101 N 32nd St

2618 E Turney Ave
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

2242 N 29th Pl

925 E McKinley St

Colonia

4127 Arcadia

2614 E Glenrosa Ave

1836 E Harvard St

2543 E Brill St

3949 E Earll Dr

Boulder Creek Apartments

Terrasol

4231 N 13th Pl

Ellis Midtown

Senara Apartments

ReNew Biltmore

Ambassador West Apartments

1301 W Indian School Rd

The Palms

4444 N 7th Ave

1606 W Taylor St

San Aurelio
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 | $1,386 | $599 | $4,470 |
| Downtown Phoenix 1 Bedroom Apartments | $1,634 | $675 | $6,117 |
| Downtown Phoenix 2 Bedroom Apartments | $2,157 | $854 | $8,503 |
| Downtown Phoenix 3 Bedroom Apartments | $2,850 | $675 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $1,560 | $942 | $9,330 |
Browse Apartments in this Neighborhood
There are currently 601 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 $749.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Tanner Manor Apartments which is listed at $529, while the average apartment in Downtown Phoenix costs $2,495.
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 1,802 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 $880 which is $1,615 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
