
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $507 (688 Rentals) Page 5 of 14
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


2444 E Willetta St

2028 N 26th Pl, Unit 1

1138 E Devonshire Ave

Boho On 40th Street Apartments

Partenza on Highland

1122 E Portland St

918 E Garfield St

1111 E Turney Ave

Coronado Flats

1821 E Virginia Ave

Amara Apartments

Total Monthly Price
2301 N 27th St, Unit APT #3

417 N 32nd Pl, Unit 2

4224 N 12th St

Total Monthly Price
Callia

3623 N 5th Ave

Alanna

1649 E Oak St

Red Rox Villas

MAA Midtown Phoenix

Circa Central Avenue

1110 N 10th St

Total Monthly Price
Peak 16

Roma Village Apartments

Total Monthly Price
1501 W Lynwood St

Audere Apartments

Arts District Apartments

Total Monthly Price
The Heritage Apartment Homes

2627 N 27th St, Unit 9

Total Monthly Price
Skye on 6th

Level at Sixteenth

Hidden Village

Total Monthly Price
Konrad

Total Monthly Price
Citi on Camelback

Blume on Central

iLuminate Urban Apartment Homes

814 N 8th Ave

6044 N 21st Ave

2150 W Missouri Ave

4022 E Portland St

The Lex

Madison Villas

1538 W McDowell Rd

Total Monthly Price
The Met at 3rd and Fillmore

Furnished Studio-Phoenix - Airport - E. Oak St.

Total Monthly Price
Market & Main

Papago Park Apartments

Lydian

317 N 17th Dr
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 | $1,341 | $649 | $3,717 |
| Downtown Phoenix 1 Bedroom Apartments | $1,592 | $659 | $6,324 |
| Downtown Phoenix 2 Bedroom Apartments | $2,186 | $799 | $8,277 |
| Downtown Phoenix 3 Bedroom Apartments | $3,177 | $825 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $2,393 | $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
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.

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!
Written by: Robin Stewart
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.