
Cheap Studio Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $660 (152 Rentals)


Vista Village on Van Buren

2025 West Apartment Homes

The Venue on Camelback Apartments

2410 W Turney Ave

Spectra Midtown

610 N 4th Ave

1601 W Camelback Rd
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Omnia on Thomas

1605 W Latham St

209 N 16th Ave

1233 W Pierce St

The Palmer

Senara Apartments

Park Terrace
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Collins off Colter*

Courtyard at Encanto Apartments

Kinley at Biltmore

Capri on Camelback

Prados Apartments at Arcadia

1241 E McKinley St
Downtown Phoenix - One of the Best Affordable Neighborhoods in Phoenix
Named as one of the Best Affordable Areas to rent in Phoenix by our Phoenix, AZ Local Expert Andrew Jollett. See how it ranks!

Ava North & South

Summit on Thomas

907 N 22nd Pl

2402 N 24th St

The Retro on 32nd Street Apartments
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Duo Apartments

Ellis Midtown

2320 N 51st Pl
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 | $1,395 | $660 | $3,600 |
Downtown Phoenix 1 Bedroom Apartments | $1,696 | $670 | $5,500 |
Downtown Phoenix 2 Bedroom Apartments | $2,350 | $799 | $10,000+ |
Downtown Phoenix 3 Bedroom Apartments | $2,755 | $925 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,610 | $875 | $6,000 |
Explore Phoenix
Downtown Phoenix, Phoenix, AZ Local Guide
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How much rent can you afford?
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.
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 $794.
What is the price of a cheap apartment in Downtown Phoenix?
The cheapest apartment in Downtown Phoenix is Crosstown Phoenix which is listed at $660, while the average apartment in Downtown Phoenix costs $2,279.
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 156 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 $127 which is $2,152 cheaper than the average rent for all rentals in Downtown Phoenix.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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).

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Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.