
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (610 Rentals) Page 3 of 13
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


Arcadia 52

Carol Mary

Luna Bear Arcos

Agave Court

Total Monthly Price
312 W Lynwood St

Playton Place

2721 E Willetta St

1229 S 13th Ave

1626 W Taylor St
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!

Escondido Apartments

4401 N 12th St

Seventh Apartments

2133 W Turney Ave

1505 N 15th Ave

Boulder Creek Apartments

Arcadia Walk

Thunderbird Apartments on 23rd Ave

4444 N 7th Ave, Unit 107

4444 N 7th Ave, Unit 407
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

4444 N 7th Ave, Unit B213

Urbana on 12th

Avante Pointe

Urban Walk Apartments

3034 N 35th St

1833 E Harvard St

Streamliner 16th

Connect on Missouri Apartments

4444 N 7th Ave, Unit 106

4444 N 7th Ave, Unit 102

4444 N 7th Ave, Unit B 206

1333 W Taylor St, Unit 4

Salt River Flats

Papago Fairways

Garden Terrace Apartments

Joy on 4th

1709 W Sherman St

1333 W Taylor St, Unit 3

Oxford Apartments

1330 E Highland Ave

4127 Arcadia

821 North 3rd St

4837 E Willetta St

1629 E Wood St

4900 E Culver St, Unit 9

Total Monthly Price
Darwin Apartments

Total Monthly Price
Briella Phoenix

Modena

X Phoenix

Portola Biltmore
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 | $1,324 | $649 | $3,788 |
| Downtown Phoenix 1 Bedroom Apartments | $1,567 | $507 | $6,267 |
| Downtown Phoenix 2 Bedroom Apartments | $2,153 | $849 | $8,455 |
| Downtown Phoenix 3 Bedroom Apartments | $2,919 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $1,933 | $965 | $8,657 |
Browse Apartments in this Neighborhood
There are currently 610 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 Garfield Terrace which is listed at $507, while the average apartment in Downtown Phoenix costs $2,299.
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 1,249 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 $799 which is $1,500 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.