
Cheap Homes for Rent in Fairwood Neighborhood of Phoenix, AZ from $700 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Fairwood area of Phoenix.

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.

8888 N 47th Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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4112 W Hearn Rd
Fairwood, Phoenix, AZ Local Guide

How much does it cost to rent a home in Fairwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairwood 2 Bedroom Homes for Rent | $1,856 | $1,150 | $2,850 |
| Fairwood 3 Bedroom Homes for Rent | $2,124 | $1,695 | $2,875 |
| Fairwood 4 Bedroom Homes for Rent | $2,302 | $1,995 | $2,730 |
| Fairwood 5 Bedroom Homes for Rent | $2,405 | $2,405 | $2,405 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in Fairwood, AZ
As of May 07, 2026 the best value apartment in the Fairwood area is the $1.49 price per square foot C Premium Model at Motif in the in the North Phoenix neighborhood starting from $1,805. 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. |
|---|---|---|---|
| Motif | C Premium | 3BR,2BA | $1.49 |
| Acoma Thunderbird Townhomes | 2 Story Townhouse | 2BR,2.5BA | $1.47 |
| Sweetwater At Metro North | B2 | 2BR,2BA | $1.61 |
| Luna Villa | C1 | 3BR,2BA | $1.62 |
| Tela Verde Apartment Homes | Two Bedroom Two Bath | 2BR,2BA | $1.47 |
| Bridge Lane Apartment Homes | 2x2 S | 2BR,2BA | $1.37 |
| Rowan | A1 | 1BR,1BA | $1.39 |
| Portola North Phoenix | Palm | 1BR,1BA | $1.44 |
| Ascent on Peoria | 1 Bed 1 Bath A | 1BR,1BA | $1.52 |
| Villa Toscana | Studio | Studio ,1BA | $1.54 |
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.
Read ArticleDon'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.
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
Frequently Asked Questions about Fairwood
What type of rentals are currently available in Fairwood?
There are currently 74 Apartments for Rent in Fairwood, AZ with pricing that ranges from $695 to $2,700. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairwood ranging from $795 to $2,875.
What is the current price range for Rental Homes in Fairwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairwood ranges from $795 to $2,875 with an average monthly rent of $1,932.
How much are larger Three and Four Bedroom Rentals in Fairwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairwood range from $1,579 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,875. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $2,195.
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
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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.

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.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.