
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (534 Rentals) Page 3 of 11
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


825 N 2nd Ave

The Landry on McDowell

Parq at East Arcadia

4127 N 18th Pl

Homeward Bound

4444 N 7th Ave, Unit 107

Urban Walk Apartments

Fountain Oaks Apartments

Urbana on 12th
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Grayson on the Rail

1833 E Harvard St

Arcadia 30

Camelback Courtyard

Garden Terrace Apartments

Papago Fairways

3034 N 35th St

2519 E Willetta St

1505 E Oak St

Oxford Apartments

Avante Pointe

Portola Biltmore

Escondido Apartments

Arcadia Villa Apartments

1626 W Taylor St

Total Monthly Price
312 W Lynwood St, Unit 2, Unit 2

ReNue Downtown Apartments

Total Monthly Price
Darwin Apartments

Roosevelt Square

3903 N 12th St

Total Monthly Price
Residences at FortyTwo25 Apartments

Ascent at Papago Park

4127 Arcadia

Arcadia Walk

Highland Terrace

Topaz Pointe

Papago Park Apartments

2226 W Heatherbrae Dr

3623 N 5th Ave

Total Monthly Price
Sora

1623 E Pinchot Ave

Total Monthly Price
Mason Oliver

The Coronado

1530 W Mulberry Dr

4711 N 15th Ave

1537 W Pierce St

3810 E Earll Dr

Portrait at Hance Park

4601 N 12th Ave

2925 N 38th St
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 | $1,380 | $641 | $4,244 |
| Downtown Phoenix 1 Bedroom Apartments | $1,601 | $507 | $6,267 |
| Downtown Phoenix 2 Bedroom Apartments | $2,171 | $849 | $8,455 |
| Downtown Phoenix 3 Bedroom Apartments | $3,058 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $2,479 | $961 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 534 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 $720.
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 $2,513.
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 1,171 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 $820 which is $1,693 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.