
Cheap Apartments for Rent in the Eastlake Park Neighborhood of Phoenix, AZ from $500 (155 Rentals)
Search the lowest-cost Apartments available for rent right now in the Eastlake Park area of Phoenix.


Total Monthly Price
Adara

2524 E Willetta St

829 N 4th Ave

Imperial

1845 E Monroe St

Ambassador West Apartments

328 N 11th Pl

TerraceVue

2532 E Adams St
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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.

The Continental

Total Monthly Price
713 W Pima St

1833 E Harvard St

1038 N 16th St

1040 N 16th St

2543 E Brill St

2301 E Yale St

Total Monthly Price
Mason Oliver

Total Monthly Price
Monterra

Total Monthly Price
sora
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1806 E Coronado Rd

1201 E Moreland St

2721 E Willetta St

X Phoenix

1733 E Cambridge Ave

1757 E Harvard St

Total Monthly Price
Derby

Carol Mary

821 North 3rd St

VB on 12th
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Roosevelt Square

712 W Taylor St

129 N 11th Ave

302 E Monte Vista Rd

The Coronado

Total Monthly Price
Rosie

The Governor

822 N 7th St

2301 N 27th St

1501 E Roosevelt St
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Portrait at Hance Park

Total Monthly Price
The Stewart

Total Monthly Price
Ragsdale

Union at Roosevelt I and II

Agave Court

918 E Garfield St

2521 North 11th St

1821 E Virginia Ave

2040 E Monte Vista Rd, Unit Casita

1530 E Diamond St
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Eastlake Park, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Eastlake Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Eastlake Park Studio Apartments | $1,460 | $692 | $3,297 |
| Eastlake Park 1 Bedroom Apartments | $1,974 | $507 | $6,267 |
| Eastlake Park 2 Bedroom Apartments | $2,874 | $1,195 | $8,277 |
| Eastlake Park 3 Bedroom Apartments | $3,432 | $730 | $7,048 |
| Eastlake Park 4 Bedroom Apartments | $1,295 | $970 | $3,137 |
Browse Apartments in this Neighborhood
There are currently 155 rentals with your search options within a 2 mile radius of the Eastlake Park Neighborhood of Phoenix, AZ.
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Eastlake Park, Phoenix, AZ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR,1BA | $507 |
| Adara | Co-living 4A | Studio,1BA | $692 |
| Sunset Sound Studio Apartments | STU | Studio,1BA | $749 |
| 829 N 4th Ave | Studio, 1 bath | Studio,1BA | $775 |
| Imperial | S1 - Studio | Studio,1BA | $795 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $895 |
| The Continental | Studio | Studio,1BA | $899 |
| McCarty on Monroe | 1 Bedroom (C) | 1BR,1BA | $930 |
| Altura | S2 - Affordable | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8th and Row Townhomes | 2 Bedroom | 2BR,2.5BA | $1.72 |
| Tapestry on Central | 2 Beds, 2 Baths | 2BR,2BA | $1.80 |
| 340 E Virginia Cir, Unit 340 | 340 E Virginia Cir | 2BR,1BA | $1.86 |
| Matthew Henson Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $1.35 |
| McCarty on Monroe | 1 Bedroom (C) | 1BR,1BA | $0.99 |
| Monterra | B1 | 2BR,2BA | $1.59 |
| The Coronado | Two Bedroom | 2BR,2BA | $1.35 |
| The Met at 3rd and Fillmore | Chelsea | 1BR,1BA | $1.87 |
| Mason Oliver | Studio3 | Studio ,1BA | $1.86 |
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR,1BA | $0.78 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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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 ArticleQuick 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.
Pet Friendly LifestyleEastlake Park, Phoenix, AZ
Ranked #16
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Eastlake Park, Phoenix, AZ
Phoenix Union Bioscience High School
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 $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.
Helpful Local Expert Guides

A Local Expert's Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
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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).

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I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.