
Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ Under $1,200 (319 Rentals)


Senara Apartments

The Palmer

Kenect Phoenix

VB on 12th

Derby PHX

Urbana on 12th
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.

Grayson on the Rail

Escondido Apartments

Colter Park

The Landry on McDowell

Urban Walk Apartments

Summit on Thomas
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.

Echelon Apartments

Tides on Osborn

Oxford Apartments

The Loreto Apartments

Altura

44 Monroe

La Cima Apartments
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.

ReNew Biltmore

Connect on Missouri Apartments

Arcadia Villa Apartments

Monterey Village

Valencia Park

Capri on Camelback

Crosstown Phoenix

Portola at Papago

The Icon on Central
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!

Papago Crossing

Collins off Colter*

Prados Apartments at Arcadia

Imperial

Spectra Midtown

Omnia on Thomas

2025 West Apartment Homes

Arcadia Gardens

Terrasol

Camelback Cove 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
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 | $1,361 | $420 | $3,326 |
Downtown Phoenix 1 Bedroom Apartments | $1,692 | $670 | $5,500 |
Downtown Phoenix 2 Bedroom Apartments | $2,327 | $805 | $10,000+ |
Downtown Phoenix 3 Bedroom Apartments | $2,667 | $850 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,691 | $750 | $9,300 |
Browse Apartments in this Neighborhood
There are currently 319 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
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Quick 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.
Frequently Asked Questions about Downtown Phoenix
How much are Studio apartments in Downtown Phoenix?
There are currently 297 Studio Apartments in Downtown Phoenix with rent ranges from $420 to $3,326 with an average price of $1,361.
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 $670 to $5,500 with an average monthly rent of $1,692.
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 $805 to $16,199. Today's average rental price for Two Bedrooms here is $2,327.
How expensive are Downtown Phoenix Three Bedroom Apartments?
There are currently 278 Three Bedroom Apartments listings available in Downtown Phoenix on ApartmentHomeLiving.com. The pricing ranges from $850 to $14,995 - averaging $2,667 for the location.
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).

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.