Cheap Apartments for Rent in the Eastlake Park Neighborhood of Phoenix, AZ from $500 (123 Rentals)

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

property at 2301 N 28th St

2301 N 28th St

PhoenixAZ85008

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 2402 N 24th St

2402 N 24th St

PhoenixAZ85008

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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The Art of the Rental Viewing: What to look for during a property tour

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 3

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 II priced from $507. McCarty on Monroe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here are the most affordable Eastlake Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Garfield Terrace II1 Bedroom x 1 Bath1BR,1BA$507
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Sunset Sound Studio ApartmentsSTUStudio,1BA$745
AdaraD24BR,4BA$749
X PhoenixCOLIVING Suites in 4 BR/4BAStudio,1BA$950
Reflections On PortlandOne Bedroom1BR,1BA$963
Ambassador West ApartmentsOne Bedroom1BR,1BA$963
TerraceVue1st Floor 1 Bedroom1BR,1BA$999

Best Value Apartments for Rent in Eastlake Park, AZ

As of August 10, 2025 the best value apartment in the Eastlake Park area is the $1.81 price per square foot 16 W Encanto Blvd Model at 16 W Encanto Blvd, Unit 10 in the in the South Phoenix neighborhood starting from $2,695. The second greatest value Eastlake Park apartment is the Donatello Model at Arts District starting at $1,913 with a $1.79 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.
16 W Encanto Blvd, Unit 1016 W Encanto Blvd2BR,2.5BA$1.81
Arts DistrictDonatello2BR,2BA$1.79
922 E Coronado Rd, Unit #2922 E Coronado Rd1BR,1BA$1.51
The CoronadoTwo Bedroom2BR,2BA$1.36
1746 E Virginia Ave, Unit 21746 E Virginia Ave2BR,1BA$1.35
2616 North 24th Street, Unit Four2616 North 24th Street2BR,1BA$1.47
Matthew Henson Apartments1 Bedroom Tax Credit***1BR,1BA$1.63
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
915 W Woodland Ave, Unit 919 UNIT 1915 W Woodland Ave1BR,1BA$1.48
1918 E Adams St, Unit 41918 E Adams St1BR,1BA$1.70

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Eastlake Park, Phoenix, AZ

Ranked #13

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Eastlake Park, Phoenix, AZ

School data provided by Great Schools

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 $999.

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

The cheapest apartment in Eastlake Park is Garfield Terrace II which is listed at $507, while the average apartment in Eastlake Park costs $2,437.

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 276 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 $517 which is $1,920 cheaper than the average rent for all rentals in Eastlake Park.

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 The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.