2040 E Monte Vista Rd
PhoenixAZ85006
Cheap Homes for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $700 (160 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Phoenix area of Phoenix.
1108 E Portland St
PhoenixAZ85006
1502 E Adams St
PhoenixAZ85034
1153 E Taylor St
PhoenixAZ85006
1634 E Monroe St
PhoenixAZ85034
1102 E Polk St
PhoenixAZ85006
1324 E Taylor St
PhoenixAZ85006
1429 E Fillmore St
PhoenixAZ85006
2936 E Indian School Rd
PhoenixAZ85016
4213 N Westview Dr
PhoenixAZ85015
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.
4213 N Westview Dr
PhoenixAZ85015
3832 N 8th Ave
PhoenixAZ85013
2532 E Adams St
PhoenixAZ85034
1919 W Colter St
PhoenixAZ85015
1438 E Adams St
PhoenixAZ85034
2033 W Madison St
PhoenixAZ85009
1629 N Laurel Ave
PhoenixAZ85007
739 E Pierce St
PhoenixAZ85006
2936 E Indian School Rd, Unit 1
2936 E Indian School Rd
PhoenixAZ85016
2925 N 19th Ave
PhoenixAZ85015
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1513 W Taylor St
PhoenixAZ85007
2333 N 12th St
PhoenixAZ85006
1908 N 32nd St, Unit apt 103
1908 N 32nd St
PhoenixAZ85008
1908 N 32nd St, Unit 207
1908 N 32nd St
PhoenixAZ85008
111
4444 N 7th Ave
PhoenixAZ85013
711
4444 N 7th Ave
PhoenixAZ85013
708
4444 N 7th Ave
PhoenixAZ85013
513 W Pima St
PhoenixAZ85003
1908 N 32nd St
PhoenixAZ85008
110
4444 N 7th Ave
PhoenixAZ85013
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.
1523 E Cambridge Ave
PhoenixAZ85006
1201 E Moreland St
PhoenixAZ85006
1638 E Granada Rd
PhoenixAZ85006
1328 E Clarendon Ave
PhoenixAZ85014
1241 N 48th St, Unit Apt 210
1241 N 48th St
PhoenixAZ85008
2743 N Greenfield Rd
PhoenixAZ85006
1733 E Cambridge Ave
PhoenixAZ85006
2019 N 49th St
PhoenixAZ85008
1915 E Osborn Rd
PhoenixAZ85016
close
View Me
$1,0741 Bedroom Apartments Available Sep 8
4310 N 14th St, Unit 1
4310 N 14th StPhoenix, AZ 85014
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.
close
View Me
$1,0741 Bedroom Apartments Available Sep 19
4310 N 14th St, Unit 4
4310 N 14th StPhoenix, AZ 85014
1342 W Monroe St
PhoenixAZ85007
1927 E Sheridan St
PhoenixAZ85006
1747 E Virginia Ave
PhoenixAZ85006
810 E Colter St, Unit Apt 14
810 E Colter St
PhoenixAZ85014
1802 N 31st Pl
PhoenixAZ85008
1804 W Roma Ave
PhoenixAZ85015
close
View Me
$1,1002 Bedroom Apartments Available Now
4900 E Culver St, Unit 9
4900 E Culver StPhoenix, AZ 85008
310
4444 N 7th Ave
PhoenixAZ85013
411
4444 N 7th Ave
PhoenixAZ85013
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-50, Page 1 of 4
Downtown Phoenix, Phoenix, AZ Local Guide
How much does it cost to rent a home in Downtown Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Phoenix 2 Bedroom Homes for Rent | $2,216 | $899 | $10,000+ |
| Downtown Phoenix 3 Bedroom Homes for Rent | $3,089 | $1,050 | $10,000+ |
| Downtown Phoenix 4 Bedroom Homes for Rent | $6,541 | $1,599 | $10,000+ |
| Downtown Phoenix 5 Bedroom Homes for Rent | $17,399 | $1,750 | $10,000+ |
| Downtown Phoenix 6 Bedroom Homes for Rent | $35,000 | $10,000 | $10,000+ |
| Downtown Phoenix 7 Bedroom Homes for Rent | $19,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 160 rentals with your search options within a 2 mile radius of the Downtown Phoenix Neighborhood of Phoenix, AZ.
Explore Phoenix
Downtown Phoenix, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Downtown Phoenix Apartments for Rent
The cheapest available apartment rental in the Downtown Phoenix area of Phoenix, AZ is a 1 Bed unit found at Garfield Terrace priced from $507. Legacy Crossing I & II has the second lowest priced unit, which is a 3 Beds apartment currently listed from $639. Here are the most affordable Downtown Phoenix apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR,1BA | $507 |
| Legacy Crossing I & II | 3 bedroom | 3BR,2BA | $639 |
| Ava Park | A2 | 1BR,1BA | $680 |
| 2025 West Apartment Homes | S1 | Studio,1BA | $680 |
| 1229 W Pierce St | 0BR/1.0BA | Studio,1BA | $699 |
| Prados Apartments at Arcadia | S1 | Studio,1BA | $700 |
| Adara | Co-living 4B | Studio,1BA | $705 |
| Park Lee | One-Bedroom | 1BR,1BA | $715 |
| Victory Place I-IV | Studio | Studio,1BA | $720 |
| 901 E. Pierce St. | 0BR/1.0BA | Studio,1BA | $724 |
Best Value Apartments for Rent in Downtown Phoenix, AZ
As of September 06, 2026 the best value apartment in the Downtown Phoenix area is the $1.11 price per square foot 4 BED 2.5 BATH Model at Woodgate Townhomes in the in the South Phoenix neighborhood starting from $1,995. The second greatest value Downtown Phoenix apartment is the 3 Beds, 2 Baths Model at Sandalwood Apartments starting at $1,595 with a $1.13 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Woodgate Townhomes | 4 BED 2.5 BATH | 4BR,2.5BA | $1.11 |
| Sandalwood Apartments | 3 Beds, 2 Baths | 3BR,2BA | $1.13 |
| Topaz Pointe | Topaz Pointe 3 Bedroom | 3BR,2BA | $1.00 |
| Copper Stone on 32nd | 2B2B - C | 2BR,2BA | $1.21 |
| McCarty on Monroe | 1 Bedroom (C) | 1BR,1BA | $0.99 |
| Montego Court Condominiums | 2BR/2.0BA | 2BR,2BA | $1.20 |
| Arcadia Lofts | 1bd/1ba | 1BR,1BA | $1.12 |
| 2539 West Pierson Street | 1BR/1.0BA | 1BR,1BA | $1.10 |
| Legacy Crossing I & II | 1 bedroom | 1BR,1BA | $1.21 |
| Park Lee | One-Bedroom | 1BR,1BA | $1.06 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
Read Article
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 ArticleNavigating 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 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 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 Article
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.
Let everyone know!
Do you know the Downtown Phoenix area?
If you’re an expert on all things Downtown Phoenix, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Downtown Phoenix, Phoenix, AZ
Phoenix Union Bioscience High School
Phoenix Union High School District
Public School - Grades 9-12 (390)
10 out of 10
School data provided by Great Schools
Frequently Asked Questions about Downtown Phoenix
What type of rentals are currently available in Downtown Phoenix?
There are currently 2205 Apartments for Rent in Downtown Phoenix, AZ with pricing that ranges from $649 to $13,291. There are also 474 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Phoenix ranging from $700 to $50,000.
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 $700 to $50,000 with an average monthly rent of $3,753.
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 $825 to $10,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $14,995. Four Bedroom Single-Family rentals are also available starting from $1,599 and Four Bedroom Apartments start at $983.
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
From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.
Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.
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.
A Phoenix Expert's 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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.