
Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ Under $1,200 (342 Rentals)


Senara Apartments

4127 Arcadia

Kenect Phoenix

CIRQ 44

VB on 12th

Urbana on 12th

Grayson on the Rail
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.

Portola Biltmore

Cactus Canyon

Camelback Courtyard

The Landry on McDowell

Monterey Village

Urban Walk Apartments

44 Monroe
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

Arcadia Villa Apartments

Connect on Missouri Apartments

Escondido Apartments

Colter Park
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.

Papago Gardens Apartments

Santorini Villa Apartments

The Urban

Summit on Thomas

ReNew Biltmore

Capri on Camelback

The Loreto Apartments

ANOVA Central Station

32 Arcadia

La Cima Apartments

Valencia Park

Crosstown Phoenix
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!

Ellis Midtown

Portola at Papago

Papago Crossing

Prados Apartments at Arcadia

Imperial

Spectra Midtown

2025 West Apartment Homes
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Omnia on Thomas

Arcadia Gardens
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 | $1,351 | $420 | $3,639 |
Downtown Phoenix 1 Bedroom Apartments | $1,672 | $650 | $5,500 |
Downtown Phoenix 2 Bedroom Apartments | $2,126 | $805 | $8,999 |
Downtown Phoenix 3 Bedroom Apartments | $2,562 | $825 | $10,000+ |
Downtown Phoenix 4 Bedroom Apartments | $1,159 | $775 | $3,400 |
Browse Apartments in this Neighborhood
There are currently 342 rentals with your search options within a 2 mile radius of the Downtown Phoenix Neighborhood of Phoenix, AZ.
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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 308 Studio Apartments in Downtown Phoenix with rent ranges from $420 to $3,639 with an average price of $1,351.
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 $650 to $5,500 with an average monthly rent of $1,672.
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 $8,999. Today's average rental price for Two Bedrooms here is $2,126.
How expensive are Downtown Phoenix Three Bedroom Apartments?
There are currently 280 Three Bedroom Apartments listings available in Downtown Phoenix on ApartmentHomeLiving.com. The pricing ranges from $825 to $14,995 - averaging $2,562 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).

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.