
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $507 (688 Rentals) Page 4 of 14
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


1623 E Pinchot Ave

60 at Melrose

833 E Turney Ave

Total Monthly Price
Mason Oliver

Camelback Courtyard

Agave Court

Pierson Place Apartments

Onyx Uptown PHX

1537 W Pierce St

Avalon

805 N 4th Ave

Total Monthly Price
Icon on Central

Mesquite Terrace

Arcadia 52

Elevation on Central

Total Monthly Price
Darwin Apartments

1921 E Osborn Rd

Arioso City Lofts

MAA Central Ave

Ray Phoenix

The Governor

Total Monthly Price
The Stewart

Total Monthly Price
1119 W Fillmore St

Total Monthly Price
2506 North Dayton Street, Unit #3

Total Monthly Price
818 W Osborn Rd, Unit B

San Aurelio

Papago View Apartments

1507 W Tonto St

1502 E Highland Ave

4601 N 12th Ave

4204 S 47th St

824 N 11th Ave

AVE Phoenix Terra

Preston at Biltmore

Portrait at Hance Park

Total Monthly Price
Ragsdale

CIRQ 44

Total Monthly Price
Alanza Place

Total Monthly Price
Arcadia Cove Apartment Homes

Total Monthly Price
2308 N 28th Pl, Unit 3

The Cascades Apartments

Total Monthly Price
Haven at Midtown

Curve at Melrose

Union at Roosevelt I and II

Total Monthly Price
Residences at FortyTwo25 Apartments

Total Monthly Price
Whispering Pines

357 E Thomas Rd

2444 E Willetta St

2028 N 26th Pl, Unit 1
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 | $1,338 | $649 | $3,717 |
| Downtown Phoenix 1 Bedroom Apartments | $1,601 | $659 | $6,814 |
| Downtown Phoenix 2 Bedroom Apartments | $2,184 | $799 | $8,277 |
| Downtown Phoenix 3 Bedroom Apartments | $3,208 | $825 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $2,371 | $971 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 688 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 $725.
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 $1,545.
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 981 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 $807 which is $738 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

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

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A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.