Cheap Homes for Rent in Phoenix, AZ from $600 (1,000 Rentals)

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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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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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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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Phoenix, AZ Local Guide

Cheapest Neighborhoods for Apartments in Phoenix, AZ

Pricing Updated: 08/29/2025

Current apartment rentals in the Phoenix, AZ area range in price from $350 to $31,470 with an overall median price of $4,122. The three Phoenix neighborhoods with the lowest median rent pricing are Sherwood at $895, Alta Mesa at $1,001, and McAfee Heights at $895. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Phoenix Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Sherwood$1,325$89569
Alta Mesa$1,339$1,00116
McAfee Heights$1,349$89547
Encanto$1,350$1,04929
Freedom Run Encanto$1,350$1,0503
Hawthorne$1,350$89562
Community Fiesta$1,352$95933
Reed Park$1,362$95963
Heritage Park$1,381$1,10942
Fairway North$1,410$96333

Cheapest Available Phoenix Apartments for Rent

 

The cheapest available apartment rental in Phoenix, AZ is a Studio unit found at Ardella on 67th in the Bicentennial Neighborhood Coalition neighborhood priced from $609. Legacy Crossing I & II in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $647. Here is today’s list of the most affordable Phoenix apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ardella on 67thOne Bedroom JuniorStudio,1BA$609
Legacy Crossing I & II1 bedroom1BR,1BA$647
Tides on 51st0BD, 1BTHStudio,1BA$663
Sunrise on 35thStudioStudio,1BA$675
Crosstown Phoenixe10a - EastStudio,1BA$697
Biltmore on the Lake1x1d1BR,1BA$699
Residence at TollesonStudioStudio,1BA$699
Residence at McDowellStudioStudio,1BA$699
Eclipse ApartmentsStudioStudio,1BA$699
Towers on 19thThe SunriseStudio,1BA$700

Best Value Apartments for Rent in Phoenix, AZ

As of August 29, 2025 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 10410 N Cave Creek Rd Model at 10410 N Cave Creek Rd, Unit 1097 starting at $1,200 with a $1.00 price per square foot in the North Phoenix 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
10410 N Cave Creek Rd, Unit 109710410 N Cave Creek Rd2BR,2BA$1.00
Villas at PapagoTwo Bedroom2BR,1BA$1.08
Parq at East ArcadiaB2 Townhome2BR,1.5BA$1.12
Luna VillaB12BR,1BA$1.12
Windrose Villas ApartmentsTwo Bedroom, One Bath2BR,1BA$1.12
Legacy Crossing I & II1 bedroom1BR,1BA$0.93
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
La Buena Vida1 Bed, 1 bath1BR,1BA$1.04
Park LeeOne-Bedroom1BR,1BA$1.06

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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Pet Friendly Lifestyle
Phoenix, AZ

Ranked #1

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 5829 Apartments for Rent in Phoenix, AZ with pricing that ranges from $350 to $31,470. There are also 5210 Single Family Homes for rent, Condos, and Townhome rentals currently available in Phoenix ranging from $625 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 $625 to $60,000 with an average monthly rent of $6,131.

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 $775 to $19,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $49,995. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $725.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.