
Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ Under $1,000 (236 Rentals)


The Palmer

ANOVA Central Station

Total Monthly Price
Altura

Escondido Apartments

Total Monthly Price
Monterra

Cactus Canyon

Papago Gardens Apartments

Santorini Villa Apartments
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.

Urban Walk Apartments

Summit on Thomas

Seventh Apartments

Echelon Apartments

ReNew Biltmore

Valencia Park

The Loreto Apartments

Radius Apartments

Colter Park

Fountain Oaks Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Total Monthly Price
Crosstown Phoenix

La Cima Apartments

Capri on Camelback

Imperial

Spectra Midtown

Ellis Midtown

Portola at Papago

Omnia on Thomas

2025 West Apartment Homes

Prados Apartments at Arcadia
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

X Phoenix

VB on 12th

Derby

Arcadia Gardens

Kinley at Biltmore

Arcadia 30

Ava Park

The Urban

Resort on 27th
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Terrasol

Courtyard at Encanto Apartments

4127 Arcadia

San Rivello

Homeward Bound

The Wexler Apartments

Vista Village on Van Buren

Coral Gardens

La Buena Vida

Luna Bear Arcos
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!
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 | $1,402 | $649 | $4,470 |
| Downtown Phoenix 1 Bedroom Apartments | $1,606 | $526 | $6,267 |
| Downtown Phoenix 2 Bedroom Apartments | $2,117 | $644 | $10,000+ |
| Downtown Phoenix 3 Bedroom Apartments | $2,787 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $1,769 | $942 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 236 rentals with your search options within a 2 mile radius of the Downtown Phoenix Neighborhood of Phoenix, AZ.
See all Apartments in PhoenixExplore Phoenix
Downtown Phoenix, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleExpert'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
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Downtown Phoenix, Phoenix, AZ
Phoenix Union Bioscience High School
School data provided by Great Schools
Frequently Asked Questions about Downtown Phoenix
How much are Studio apartments in Downtown Phoenix?
There are currently 579 Studio Apartments in Downtown Phoenix with rent ranges from $649 to $4,470 with an average price of $1,402.
What is the current price range for One Bedroom Downtown Phoenix Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Phoenix ranges from $526 to $6,267 with an average monthly rent of $1,606.
What does renting a Two Bedroom Apartment in Downtown Phoenix cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Phoenix range from $644 to $15,000. Today's average rental price for Two Bedrooms here is $2,117.
How expensive are Downtown Phoenix Three Bedroom Apartments?
There are currently 359 Three Bedroom Apartments listings available in Downtown Phoenix on ApartmentHomeLiving.com. The pricing ranges from $730 to $19,995 - averaging $2,787 for the location.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

