
Cheap Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $500 (534 Rentals) Page 5 of 11
Search the lowest-cost Apartments available for rent right now in the Downtown Phoenix area of Phoenix.


1821 E Virginia Ave

4420 E Wood St

Union at Roosevelt I and II

Total Monthly Price
Rosie

Alloy Midtown

Joy on 4th

Red Rox Villas

1649 E Oak St

1138 E Devonshire Ave

Alanna

The McKinley

Audere Apartments

Park Paloma

AVE Phoenix Sky

2723 e southgate ave, Unit 102, Unit 102

3646 E Glenrosa Ave

1829 N 50th St

1920 W Mulberry Dr

Elevation on Central

60 at Melrose

Total Monthly Price
601 Pax

Arts District Apartments

Maeve Central Station

Ingleside

Total Monthly Price
Arcadia Cove

Total Monthly Price
The Battery

Total Monthly Price
44 Monroe

Ray Phoenix

1913 North 25th Pl

The Highland

Total Monthly Price
Skye on 6th

The Station on Central

Total Monthly Price
Konrad

SolVida Central

2138 E Turney Ave

ASA Midtown

712 W Taylor St

The Cascades Apartments

Madison Villas

MAA Central Ave

512 E Roanoke Ave

Total Monthly Price
Callia

MAA Midtown Phoenix

iLuminate Urban Apartment Homes

Onyx Uptown PHX

1016 E Osborn Rd

Linear Apartment Homes

Total Monthly Price
Peak 16

San Merida
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.