Cheap Studio Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $649 (178 Rentals)

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Crosstown Phoenix
Rent Specials
$502 - $651
Total Monthly Price

Total Monthly Price

Base Rent
$685 - $1,540
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Studio Apartments Available Now

Crosstown Phoenix

1601 W Camelback RdPhoenix, AZ 85015
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Omnia on Thomas
Rent Specials
$749 - $1,710
Total Monthly Price

Total Monthly Price

Base Rent
$780 - $2,855
Total Monthly Price
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Studio Apartments Available Now

Omnia on Thomas

1645 E Thomas RdPhoenix, AZ 85016
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Adara
Rent Specials
$750 - $1,369
Total Monthly Price

Total Monthly Price

Base Rent
$756 - $3,082
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Studio Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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  • Smoke Free

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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Collins off Colter*
Rent Specials
$759 - $772
Total Monthly Price

Total Monthly Price

Base Rent
$759 - $3,371
Total Monthly Price
$759 - $3,371
Studio Apartments Available Aug 5

Collins off Colter*

5128 N 15th StPhoenix, AZ 85014
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Derby
Rent Specials
$825 - $2,087
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $5,457
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Studio Apartments Available Now

Derby

800 N 2nd StPhoenix, AZ 85004
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Monterra
Rent Specials
$827 - $1,121
Total Monthly Price

Total Monthly Price

Base Rent
$851 - $1,761
Total Monthly Price
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Studio Apartments Available Aug 17

Monterra

1333 N 24th StPhoenix, AZ 85008
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Monterey Village
Rent Specials
$838
Total Monthly Price

Total Monthly Price

Base Rent
$872 - $1,619
Total Monthly Price
Varies
Studio Apartments Available Jul 31

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
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  • Low Income

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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Briella Phoenix
Rent Specials
$949 - $1,958
Total Monthly Price

Total Monthly Price

Base Rent
$977 - $3,934
Total Monthly Price
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Studio Apartments Available Aug 11

Briella Phoenix

1502 E Osborn RdPhoenix, AZ 85014
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sora
Rent Specials
$989 - $1,297
Total Monthly Price

Total Monthly Price

Base Rent
$1,058 - $1,701
Total Monthly Price
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Studio Apartments Available Now

sora

355 N Central AvePhoenix, AZ 85004
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Downtown Phoenix, Phoenix, AZ Local Guide

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

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Downtown Phoenix, Phoenix, AZ

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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 $756.

What is the price of a cheap apartment in Downtown Phoenix?

The cheapest apartment in Downtown Phoenix is 2025 West Apartment Homes which is listed at $655, while the average apartment in Downtown Phoenix costs $8,658.

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 1,000 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 $775 which is $7,883 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.

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