
Apartments for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ Under $700 (24 Rentals)


Spectra Midtown

The Urban

Vista Village on Van Buren

Garfield Terrace

1845 E Monroe St

1216 W Roosevelt St

Brick Commons
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Turney Apartments

Oakview Apartments

Woodland West

Desert Sun Apartments

Sunrise Villas

Sun Terrace

Marquee

Polk Terrace Apartments
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.

Biltmore 24

The Villager Apartments

Rosewood Court

Fountains in the Green

Sienna Pointe Apartments

Hillcrest Arms

Pasadena Villas

Cambridge Apartments
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.
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 | $1,324 | $649 | $3,788 |
| Downtown Phoenix 1 Bedroom Apartments | $1,561 | $507 | $6,267 |
| Downtown Phoenix 2 Bedroom Apartments | $2,138 | $849 | $8,455 |
| Downtown Phoenix 3 Bedroom Apartments | $2,915 | $730 | $10,000+ |
| Downtown Phoenix 4 Bedroom Apartments | $1,933 | $965 | $8,657 |
Browse Apartments in this Neighborhood
There are currently 24 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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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
Read ArticleReal 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.
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 581 Studio Apartments in Downtown Phoenix with rent ranges from $649 to $3,788 with an average price of $1,324.
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 $507 to $6,267 with an average monthly rent of $1,561.
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 $849 to $8,455. Today's average rental price for Two Bedrooms here is $2,138.
How expensive are Downtown Phoenix Three Bedroom Apartments?
There are currently 360 Three Bedroom Apartments listings available in Downtown Phoenix on ApartmentHomeLiving.com. The pricing ranges from $730 to $19,995 - averaging $2,915 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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.