Cheap Homes for Rent in Phoenix, AZ from $600 (1,038 Rentals)

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property at 5128 N 15th St

$677

Studio, 1 Bath Condo for Rent

Available Now

5128 N 15th St

PhoenixAZ85014

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.

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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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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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property at 8902 N 19th Ave

$809

1 Bedroom, 1 Bath Condo for Rent

Available Now

8902 N 19th Ave

PhoenixAZ85021

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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 21

Phoenix, AZ Local Guide

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 01/13/2026

Current apartment rentals in the Phoenix, AZ area range in price from $612 to $34,268 with an overall median price of $4,983. The three Phoenix neighborhoods with the lowest median rent pricing are Mission Square at $1,150, Heritage Park at $924, and Freedom Run Encanto at $1,150. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mission Square$1,162$1,1502
Heritage Park$1,199$92442
Freedom Run Encanto$1,245$1,1504
Hawthorne$1,300$87499
Community Fiesta$1,307$89555
Sherwood$1,311$874108
Watertower$1,375$89532
Fuller Ranch$1,380$89952
Colony by the Green$1,389$80945
Fairway North$1,394$93631

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Tanner Manor Apartments in the South Phoenix neighborhood priced from $529. Park Alta in the North Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $612. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tanner Manor ApartmentsONE MONTH RENT-FREE + GROUND-LEVEL UNITS AVAILABLE1BR,1BA$529
Park Alta1x1A1BR,1BA$612
LUMINA ON 19th APARTMENTSS2Studio,1BA$614
Cielo ApartmentsStudioStudio,1BA$635
Legacy Crossing I & IILG2 3 Bedroom3BR,2BA$639
Vista Village on Van BurenStudioStudio,1BA$649
Tides on 51stStudioStudio,1BA$650
The Venue on Camelback ApartmentsHoneyStudio,1BA$663
Collins off Colter*S1 - Phase lStudio,1BA$677
Aspire West Phoenix2B01CStudio,1BA$680

Best Value Apartments for Rent in Phoenix, AZ

As of January 13, 2026 the best value apartment in the Phoenix area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Phoenix apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,079 with a $0.74 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.53
Nine20 TempeD1 PHPV4BR,4BA$0.74
Matthew Henson Apartments3 Bedroom Townhouse3BR,2.5BA$1.12
Legacy Crossing I & II3 bedroom3BR,2BA$0.97
Grandfamilies PlaceThree Bedroom x Two Bathroom3BR,2BA$1.07
Villas at PapagoTwo Bedroom1BR,1BA$0.93
62 W Culver StOne bed1BR,1BA$1.00
U Apartments @ Melrose2x1 B1 R2BR,1BA$1.04
Tanner Manor ApartmentsLIMITED-TIME SPECIAL: ONE MONTH RENT-FREE O.A.C...2BR,1BA$1.10
Park LeeOne-Bedroom1BR,1BA$1.06

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Quick 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Phoenix, AZ Rentals by Map

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See the most popular apartments and homes in Phoenix, AZ

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Frequently Asked Questions about Phoenix

What type of rentals are currently available in Phoenix?

There are currently 5888 Apartments for Rent in Phoenix, AZ with pricing that ranges from $612 to $34,268. There are also 4480 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $675 to $60,000.

What is the current price range for Rental Homes in Phoenix?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Phoenix ranges from $675 to $60,000 with an average monthly rent of $7,955.

How much are larger Three and Four Bedroom Rentals in Phoenix?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Phoenix range from $675 to $19,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $49,995. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $695.

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

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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).

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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.

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

Written by: Andrew Jollett

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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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Written by: Andrew Jollett

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!