Cheap Homes for Rent in Downtown Phoenix Neighborhood of Phoenix, AZ from $800 (131 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Cheap Homes in the Downtown Phoenix area of Phoenix.

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.

Read Article
property at 5312 E Taylor St

5312 E Taylor St

PhoenixAZ85008

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
property at 4301 N 24th St

4301 N 24th St

PhoenixAZ85016

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!

Read Article

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Read Article
Showing Results 1-50, Page 1 of 3

Downtown Phoenix, Phoenix, AZ Local Guide

Cheapest Available Downtown Phoenix Apartments for Rent

 

The cheapest available apartment rental in the Downtown Phoenix area of Phoenix, AZ is a Studio unit found at Crosstown Phoenix priced from $660. Marquee has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. Here are the most affordable Downtown Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Crosstown Phoenixe10a - EastStudio,1BA$660
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$670
SeventhStudio - ClassicStudio,1BA$704
Park LeeOne-Bedroom1BR,1BA$715
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Victory Place I-IVStudioStudio,1BA$720
The Venue on Camelback ApartmentsHoneyStudio,1BA$731
2025 West Apartment HomesS1Studio,1BA$745
Spectra MidtownS2CStudio,1BA$773
Omnia on ThomasCoronadoStudio,1BA$794

Best Value Apartments for Rent in Downtown Phoenix, AZ

As of May 03, 2025 the best value apartment in the Downtown Phoenix area is the $1.27 price per square foot 4 bed 3 bath Model at Raymond Place Townhomes in the in the South Phoenix neighborhood starting from $2,200. The second greatest value Downtown Phoenix apartment is the Two Bedroom 1.5 Bath Model at Camelback Gardens starting at $1,350 with a $1.10 price per square foot in the Downtown Phoenix neighborhood. Here is today’s list of the best values for Downtown Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Raymond Place Townhomes4 bed 3 bath4BR,3BA$1.27
Camelback GardensTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
Legacy Crossing I & IILG2 2 Bedroom2BR,2BA$0.92
Cactus CanyonTwo Bedroom - Two Bathroom2BR,2BA$1.26
Camelback CourtyardTwo Bedroom/ one and a Half Bath2BR,1.5BA$1.34
Aspire Camelback2 Bedroom x 1 Bath2BR,1BA$1.35
Palisade Park Aparments2x2 Gold2BR,2BA$1.30
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
Park LeeOne-Bedroom1BR,1BA$1.06
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Phoenix

What type of rentals are currently available in Downtown Phoenix?

There are currently 2163 Apartments for Rent in Downtown Phoenix, AZ with pricing that ranges from $660 to $16,199. There are also 479 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Phoenix ranging from $849 to $51,000.

What is the current price range for Rental Homes in Downtown Phoenix?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Phoenix ranges from $849 to $51,000 with an average monthly rent of $12,763.

How much are larger Three and Four Bedroom Rentals in Downtown Phoenix?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Phoenix range from $925 to $14,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $27,000. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $875.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.