1409 S Mill Ave, Unit 2, Unit 2
1409 S Mill Ave
TempeAZ85281
Cheap Homes for Rent in Phoenix, AZ from $500 (561 Rentals)
Search the lowest-cost Homes available for rent right now in Phoenix.
3533 W Warren Ln
New RiverAZ85086
206 E Kinderman Dr
AvondaleAZ85323
6738 N 55th Ave
GlendaleAZ85301
2829 W Marshall Ave
PhoenixAZ85017
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$7491 Bedroom Apartments Available Now
9230 N 6th St, Unit 2
9230 N 6th StPhoenix, AZ 85020
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$7491 Bedroom Apartments Available Now
9230 N 6th St, Unit 5
9230 N 6th StPhoenix, AZ 85020
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$7491 Bedroom Apartments Available Now
9230 N 6th St, Unit 6
9230 N 6th StPhoenix, AZ 85020
8119 W Glenrosa Ave
PhoenixAZ85033
7543 W Brown St., Unit Unit B, Unit Unit B
7543 W Brown St.
PeoriaAZ85345
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.
1505 E Harvard St
PhoenixAZ85006
6201 W Indianola Ave
PhoenixAZ85033
1005 E 8th St, Unit 1010
1005 E 8th St
TempeAZ85281
5124 W Harmont Dr
GlendaleAZ85302
3810 N 9th Pl
PhoenixAZ85014
1437 E Polk St
PhoenixAZ85006
1153 E Taylor St
PhoenixAZ85006
1634 E Monroe St
PhoenixAZ85034
1502 E Adams St
PhoenixAZ85034
322 N 13th St
PhoenixAZ85006
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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$7991 Bedroom Apartments Available Now
9230 N 6th St, Unit 9
9230 N 6th StPhoenix, AZ 85020
3645 W Hadley St
PhoenixAZ85009
12029 W Apache St
AvondaleAZ85323
2956 E Mobile Ln
PhoenixAZ85040
6924 W Southgate Ave
PhoenixAZ85043
5322 W La Salle St
PhoenixAZ85339
3810 N Maryvale Pkwy
PhoenixAZ85031
2348 W Laurel Ln
PhoenixAZ85029
11619 W Parkway Ln
AvondaleAZ85323
1325 E Don Carlos Ave
TempeAZ85281
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.
5010 N 62nd Ave
GlendaleAZ85301
810 E Colter St
PhoenixAZ85014
11328 N 89th Dr
PeoriaAZ85345
9238 N 7th Ave
PhoenixAZ85021
3523 W Maricopa St
PhoenixAZ85009
2348 W Laurel Ln
PhoenixAZ85029
1919 W Colter St
PhoenixAZ85015
1005 E Moreland St
PhoenixAZ85006
808 E Lawrence Ln
PhoenixAZ85020
622 N 30th Pl
PhoenixAZ85008
From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.
1638 W Desert Cove Ave
PhoenixAZ85029
3315 W Loma Ln
PhoenixAZ85051
14203 N 19th Ave, Unit 2007
14203 N 19th Ave
PhoenixAZ85023
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$8991 Bedroom Apartments Available Now
201 E Townley Ave, Unit 213
201 E Townley AvePhoenix, AZ 85020
1040 N 28th St
PhoenixAZ85008
7109 N 68th Dr
GlendaleAZ85303
1122 E Fillmore St
PhoenixAZ85006
7300 N 51st Ave
GlendaleAZ85301
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$9001 Bedroom Apartments Available Now
2847 N 46th Ave, Unit 2847 N 46th Ave 13
2847 N 46th AvePhoenix, AZ 85035
5910 S Colonial Way
TempeAZ85283
Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.
Phoenix, AZ Local Guide
How much does it cost to rent a home in Phoenix?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Phoenix 2 Bedroom Homes for Rent | $2,827 | $895 | $10,000+ |
| Phoenix 3 Bedroom Homes for Rent | $3,270 | $849 | $10,000+ |
| Phoenix 4 Bedroom Homes for Rent | $4,561 | $650 | $10,000+ |
| Phoenix 5 Bedroom Homes for Rent | $7,614 | $999 | $10,000+ |
| Phoenix 6 Bedroom Homes for Rent | $11,999 | $2,349 | $10,000+ |
| Phoenix 7 Bedroom Homes for Rent | $20,374 | $3,500 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Phoenix, AZ Local Guide
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Cheapest Neighborhoods for Apartments in Phoenix, AZ
Pricing Updated: 04/14/2026Current apartment rentals in the Phoenix, AZ area range in price from $526 to $35,000 with an overall median price of $4,371. The three Phoenix neighborhoods with the lowest median rent pricing are McAfee Heights at $925, Sherwood at $899, and Colony by the Green at $779. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| McAfee Heights | $1,299 | $925 | 39 |
| Sherwood | $1,300 | $899 | 65 |
| Colony by the Green | $1,327 | $779 | 22 |
| Fairway North | $1,327 | $936 | 12 |
| Community Fiesta | $1,329 | $899 | 53 |
| Reed Park | $1,343 | $899 | 62 |
| Cottage Grove | $1,349 | $899 | 56 |
| Hawthorne | $1,349 | $899 | 65 |
| North Center Street | $1,350 | $936 | 19 |
| Fuller Ranch | $1,352 | $899 | 27 |
Cheapest Available Phoenix Apartments for Rent
The cheapest available apartment rental in Phoenix, AZ is a 1 Bed unit found at Garfield Terrace in the South Phoenix neighborhood priced from $507. Phoenix Scholar House in the Encanto neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $526. Here is today’s list of the most affordable Phoenix apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR,1BA | $507 |
| Phoenix Scholar House | Phoenix Scholar House 1/1 588 SF | 1BR,1BA | $526 |
| Residence at Tolleson | Studio | Studio,1BA | $599 |
| Sunrise on 35th | Studio | Studio,1BA | $604 |
| Cielo Apartments | Studio | Studio,1BA | $615 |
| Legacy Crossing I & II | 1 bedroom | 1BR,1BA | $647 |
| Sunrise Vista | Studio | Studio,1BA | $650 |
| 2025 West Apartment Homes | S1 | Studio,1BA | $675 |
| Park Vista | 1x1A | Studio,1BA | $683 |
Best Value Apartments for Rent in Phoenix, AZ
As of April 14, 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 $1,009 with a $0.69 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.53 |
| Nine20 Tempe | D1 PHPV | 4BR,4BA | $0.69 |
| Copper Stone on 32nd | 3B2B - B | 3BR,2BA | $0.86 |
| Paradise Village Apartments | Three Bedroom | 3BR,2BA | $0.99 |
| Legacy Crossing I & II | 3 bedroom | 3BR,2BA | $0.97 |
| Radius Apartments | 2bd/1ba | 2BR,1BA | $1.07 |
| Foothills Court Apartments | Two Bedroom, One Bath | 2BR,1BA | $1.03 |
| Windrose Villas Apartments | Two Bedroom, One Bath | 2BR,1BA | $0.94 |
| Park Lee | One-Bedroom | 1BR,1BA | $1.06 |
| Garfield Terrace | Garfield Terrace One Bedroom | 1BR,1BA | $0.78 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
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 ArticleQuick Rent Budget Calculator
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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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Explore Phoenix, AZ Rentals by Map
See the most popular apartments and homes in Phoenix, AZ
Frequently Asked Questions about Phoenix
What type of rentals are currently available in Phoenix?
There are currently 5883 Apartments for Rent in Phoenix, AZ with pricing that ranges from $526 to $35,000. There are also 3892 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $575 to $75,000.
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 $575 to $75,000 with an average monthly rent of $7,302.
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 $730 to $19,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $849 to $30,000. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $770.
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
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.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.