
Cheap Apartments for Rent in the Fairwood Neighborhood of Phoenix, AZ from $700 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairwood area of Phoenix.


Total Monthly Price
North Mountain Village

Villages at Metro Center

Motif

Ascent on Peoria

Villa Toscana

Total Monthly Price
Sierra Pines

The Union on 28th

Bridge Lane Apartment Homes
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Acclaim

3707 W Lupine Ave

Silver Creek

Sweetwater At Metro North

3131 W Cochise Dr

Total Monthly Price
Luna Villa

3757 W Joan De Arc Ave

Phoenician Palms

11666 N 28th Dr
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3119 W Cochise Dr

11666 N 28th Dr, Unit 221

Lucero

Ardella on 28th

Portola North Phoenix

Rise Lakeside

Rise Thunderbird

Rowan

Laurel Lane
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Renaissance

4112 W Hearn Rd

Parkwood

9222 N 35th Ave

11666 N 28th Dr

Thunderbird Terrace

11666 N 28th Dr

Paseo 51

Total Monthly Price
Verve
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Spring Meadow Apartments

Aspire Thunderbird

Paseo Park

Glenridge

5236 W Peoria Ave

Tela Verde Apartment Homes

8888 N 47th Ave

Village at Olive Marketplace

Club Valencia Luxury Apartments
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11640 N 51st Ave

Lifestream at Glendale
Fairwood, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Fairwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairwood Studio Apartments | $975 | $749 | $1,619 |
| Fairwood 1 Bedroom Apartments | $1,115 | $802 | $1,845 |
| Fairwood 2 Bedroom Apartments | $1,368 | $910 | $2,150 |
| Fairwood 3 Bedroom Apartments | $1,840 | $1,369 | $2,750 |
| Fairwood 4 Bedroom Apartments | $1,995 | $1,995 | $1,995 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Fairwood Neighborhood of Phoenix, AZ.
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Fairwood, Phoenix, AZ Local Guide
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Cheapest Available Fairwood Apartments for Rent
 The cheapest available apartment rental in the Fairwood area of Phoenix, AZ is a Studio unit found at Biltmore on the Lake priced from $749. Ardella on 28th has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Fairwood apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Biltmore on the Lake | Studio | Studio,1BA | $749 |
| Ardella on 28th | Renovated 1 Bed 1 Bath | 1BR,1BA | $769 |
| Rise Lakeside | A1 Classic | 1BR,1BA | $770 |
| North Mountain Village | Studio | Studio,1BA | $793 |
| Portola North Phoenix | Palm | 1BR,1BA | $799 |
| Ascent on Peoria | 1 Bed 1 Bath B | 1BR,1BA | $822 |
| Villa Toscana | Studio | Studio,1BA | $829 |
| Sierra Pines | Palisade | 1BR,1BA | $847 |
| The Union on 28th | Studio | Studio,1BA | $850 |
| Motif | A1 Upgraded | 1BR,1BA | $850 |
Best Value Apartments for Rent in Fairwood, AZ
As of June 13, 2026 the best value apartment in the Fairwood area is the $1.52 price per square foot C1: 3 Bed 2 Bath Model at Villages at Metro Center in the in the North Phoenix neighborhood starting from $1,899. The second greatest value Fairwood apartment is the 2 Story Townhouse Model at Acoma Thunderbird Townhomes starting at $1,600 with a $1.47 price per square foot in the Deer Valley neighborhood. Here is today’s list of the best values for Fairwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Villages at Metro Center | C1: 3 Bed 2 Bath | 3BR,2BA | $1.52 |
| Acoma Thunderbird Townhomes | 2 Story Townhouse | 2BR,2.5BA | $1.47 |
| Phoenician Palms | Dunlap Condo | 2BR,2BA | $1.26 |
| Luna Villa | C1 | 3BR,2BA | $1.40 |
| Tela Verde Apartment Homes | Two Bedroom Two Bath | 2BR,2BA | $1.40 |
| Bridge Lane Apartment Homes | 2 x 1 | 2BR,1BA | $1.44 |
| Rowan | A1 | 1BR,1BA | $1.32 |
| Ardella on 28th | Renovated 1 Bed 1 Bath | 1BR,1BA | $1.15 |
| Portola North Phoenix | Palm | 1BR,1BA | $1.28 |
| Motif | A1 Upgraded | 1BR,1BA | $1.37 |
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.
Best Local Schools in Fairwood, Phoenix, AZ
Tumbleweed Elementary School
Moon Valley High School
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers works hard to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Fairwood, Phoenix, and the greater Phoenix area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, family-friendliness, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Fairwood Apartments
What is a cheap apartment in Fairwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairwood is under $850.
What is the price of a cheap apartment in Fairwood?
The cheapest apartment in Fairwood is Ardella on 28th which is listed at $769, while the average apartment in Fairwood costs $1,995.
What types of apartments are the cheapest in Fairwood?
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 119 regular apartments in Fairwood 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 Fairwood?
Cheap apartments in Fairwood have an average cost of $488 which is $1,507 cheaper than the average rent for all rentals in Fairwood.
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 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).

Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
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.

A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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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.

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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.
Articles, How-To's, and Tips

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Creative Ways Developers Reimagine Retail Spaces as Residential Units
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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.