
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (610 Rentals) Page 5 of 13
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


2301 N 27th St

Papago View Apartments

818 N 7th St

2402 W Weldon Ave

1501 E Roosevelt St

Portrait at Hance Park

Preston at Biltmore

San Merida

Total Monthly Price
746 W Turney Ave, Apt 2, Unit 2

Total Monthly Price
Residences at FortyTwo25 Apartments

3540 E Montecito Ave

Total Monthly Price
2711 E Glenrosa Ave, Unit 2711

Total Monthly Price
The Stewart

Partenza on Highland

Curve at Melrose

Union at Roosevelt I and II

Total Monthly Price
Arcadia Cove

Total Monthly Price
Whispering Pines

4444 N 7th Ave, Unit 602

4444 N 7th Ave, Unit B228

4444 N 7th Ave, Unit 510

2145 W Wilshire Dr

327 N 16th Ave, Unit Apt A

Papago Del Sol

777 West Campbell Ave, Unit B226

777 West Campbell Ave, Unit B228

833 E Turney Ave

1138 E Devonshire Ave

Arcadia Villa Apartments

Boho On 40th Street Apartments

2326 E Pinchot Ave, Unit 7

Arioso City Lofts

1821 E Virginia Ave

San Aurelio

5303 N 7th St

4420 E Wood St

The Station on Central

Circa Central Avenue

Pavilions on Central Apartments

MAA Midtown Phoenix

Total Monthly Price
Ragsdale

Alanna

1649 E Oak St

60 at Melrose

Blume on Central

Total Monthly Price
Callia

iLuminate Urban Apartment Homes

Elevation on Central
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.
