Cheap Apartments for Rent in the Eastlake Park Neighborhood of Phoenix, AZ from $500 (155 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Eastlake Park area of Phoenix.

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Adara
Rent Specials
$692 - $3,137
Total Monthly Price

Total Monthly Price

Base Rent
$692 - $3,137

Total Monthly Price
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Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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  • Smoke Free

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.

property at 2301 E Yale St

$950 - $2,700

1 To 3 Bedroom Rentals

Available Now

2301 E Yale St

PhoenixAZ85006
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Mason Oliver
Rent Specials
$971 - $3,496
Total Monthly Price

Total Monthly Price

Base Rent
$971 - $3,496

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Studio to 3 Bedroom Apartments Available Now

Mason Oliver

11 S 12th StPhoenix, AZ 85034
Corporate Housing
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Monterra
Rent Specials
$972 - $2,765
Total Monthly Price

Total Monthly Price

Base Rent
$972 - $2,765

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Studio to 3 Bedroom Apartments Available Now

Monterra

1333 N 24th StPhoenix, AZ 85008
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sora
Rent Specials
$985 - $1,628
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,628

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Studio to 3 Bedroom Apartments Available Now

sora

355 N Central AvePhoenix, AZ 85004
Student Housing
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  • 3D Tour

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.

property at 1201 E Moreland St

$1,000 - $2,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,300

Total Monthly Price
$1,000 - $2,300

Studio To 2 Bedroom Townhomes for Rent

Available Now

1201 E Moreland St

PhoenixAZ85006
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Derby
Rent Specials
$1,099 - $5,510
Total Monthly Price

Total Monthly Price

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$1,099 - $5,510

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Varies
Studio to 2 Bedroom Apartments Available Now

Derby

800 N 2nd StPhoenix, AZ 85004
Student Housing
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Rosie
Rent Specials
$1,204 - $3,325
Total Monthly Price

Total Monthly Price

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$1,204 - $3,325

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Studio to 2 Bedroom Apartments Available Now

Rosie

625 N 2nd AvePhoenix, AZ 85003
Student Housing
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Stewart
Rent Specials
$1,263 - $4,322
Total Monthly Price

Total Monthly Price

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$1,263 - $4,322

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Studio to 2 Bedroom Apartments Available Now

The Stewart

800 N Central AvePhoenix, AZ 85003
Student Housing
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Ragsdale
Rent Specials
$1,274 - $2,324
Total Monthly Price

Total Monthly Price

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$1,274 - $2,324

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Studio to 2 Bedroom Apartments Available Now

Ragsdale

1150 E Washington StPhoenix, AZ 85034
Student Housing
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property at 2040 E Monte Vista Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

2040 E Monte Vista Rd, Unit Casita

2040 E Monte Vista Rd
PhoenixAZ85006

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.

Eastlake Park, Phoenix, AZ Local Guide

Cheapest Available Eastlake Park Apartments for Rent

 

The cheapest available apartment rental in the Eastlake Park area of Phoenix, AZ is a 1 Bed unit found at Garfield Terrace priced from $507. Adara has the second lowest priced unit, which is a Studio apartment currently listed from $692. Here are the most affordable Eastlake Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Garfield TerraceGarfield Terrace One Bedroom1BR,1BA$507
AdaraCo-living 4AStudio,1BA$692
Sunset Sound Studio ApartmentsSTUStudio,1BA$749
829 N 4th AveStudio, 1 bathStudio,1BA$775
ImperialS1 - StudioStudio,1BA$795
TerraceVue1st Floor 1 Bedroom1BR,1BA$895
The ContinentalStudioStudio,1BA$899
McCarty on Monroe1 Bedroom (C)1BR,1BA$930
AlturaS2 - AffordableStudio,1BA$949

Best Value Apartments for Rent in Eastlake Park, AZ

As of July 17, 2026 the best value apartment in the Eastlake Park area is the $1.72 price per square foot 2 Bedroom Model at 8th and Row Townhomes in the in the South Phoenix neighborhood starting from $2,395. The second greatest value Eastlake Park apartment is the 2 Beds, 2 Baths Model at Tapestry on Central starting at $2,300 with a $1.80 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Eastlake Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
8th and Row Townhomes2 Bedroom2BR,2.5BA$1.72
Tapestry on Central2 Beds, 2 Baths2BR,2BA$1.80
340 E Virginia Cir, Unit 340340 E Virginia Cir2BR,1BA$1.86
Matthew Henson Apartments2 Bedroom Townhouse2BR,1.5BA$1.35
McCarty on Monroe1 Bedroom (C)1BR,1BA$0.99
MonterraB12BR,2BA$1.59
The CoronadoTwo Bedroom2BR,2BA$1.35
The Met at 3rd and FillmoreChelsea1BR,1BA$1.87
Mason OliverStudio3Studio ,1BA$1.86
Garfield TerraceGarfield Terrace One Bedroom1BR,1BA$0.78

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.

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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.

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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

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Real 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.

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Pet Friendly Lifestyle
Eastlake Park, Phoenix, AZ

Ranked #16

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team compares millions of points of data to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Arizona, including Phoenix. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Eastlake Park Apartments

What is a cheap apartment in Eastlake Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Eastlake Park is under $949.

What is the price of a cheap apartment in Eastlake Park?

The cheapest apartment in Eastlake Park is Garfield Terrace which is listed at $507, while the average apartment in Eastlake Park costs $3,815.

What types of apartments are the cheapest in Eastlake Park?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 795 regular apartments in Eastlake Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Eastlake Park?

Cheap apartments in Eastlake Park have an average cost of $1,208 which is $2,607 cheaper than the average rent for all rentals in Eastlake Park.

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.

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