
Cheap Homes for Rent in the Downtown Phoenix Neighborhood of Phoenix, AZ from $700 (160 Rentals) Page 2 of 4
Search the lowest-cost Homes available for rent right now in the Downtown Phoenix area of Phoenix.


B114

5040 N 18th Ave

338 W Highland Ave

2634 N 29th Pl

1021 E McKinley St

2632 N 29th Pl

1433 E Edgemont Ave, Unit 2

3221 N 36th St, Unit 08

3221 N 36th St, Unit 9
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

B205

B206

1849 E Virginia Ave, Unit 2

4487 E Wood St

4524 E Pueblo Ave

934 W Monterosa St

4425 E Wood St

5241 N 17th Ave

2732 E Culver St

3833 N 28th St
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!

2040 E Monte Vista Rd, Unit Casita

1401 E Hubbell St

4325 N 26th St

719 N 12th Ave

2308 N 28th Pl, Unit 3

4037 S 44th Way

830 N 10th St

1421 E Fillmore St

1739 E Granada Rd, Unit 2

721 E Montebello Ave
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.

5302 E Van Buren St, Unit 1015

4715 E Jones Ave

1936 E Yale St

602

938 E Amelia Ave, Unit 2

2028 N 26th Pl, Unit 1

1808 N 32nd St

1841 E Harvard St

3811 S 9th St

1333 E Thomas Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

4740 E Portland St

1530 E Diamond St

4505 N 26th Dr

417 N 32nd Pl, Unit 2

4712 N 21st Ave

2336 N 10th St

4631 N 12th Ave

1839 W Hazelwood St

1826 N 7th Ave

1019 S 4th Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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+ |
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.
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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
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I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

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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.

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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!
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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
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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.