
Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Homestead Terrace area of Phoenix.


Aspire West Phoenix

4903 W Thomas Rd
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Cove on 44th

Tides on McDowell

4620 W McDowell Rd

Paloma Village

Desert Wind Apartments

Casa Sol Apartments

Glenrosa Park
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Portola West McDowell

4501 W Indianola Ave

4022 W Willetta St

2664 N 43rd Ave
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Homestead Terrace, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Homestead Terrace?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Homestead Terrace Studio Apartments | $993 | $663 | $2,201 |
Homestead Terrace 1 Bedroom Apartments | $1,204 | $699 | $2,344 |
Homestead Terrace 2 Bedroom Apartments | $1,416 | $982 | $3,588 |
Homestead Terrace 3 Bedroom Apartments | $1,817 | $1,441 | $2,329 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Homestead Terrace Neighborhood of Phoenix, AZ.
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Homestead Terrace, Phoenix, AZ Local Guide
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Cheapest Available Homestead Terrace Apartments for Rent
 The cheapest available apartment rental in the Homestead Terrace area of Phoenix, AZ is a Studio unit found at Tides on 51st priced from $663. Aspire West Phoenix has the second lowest priced unit, which is a Studio apartment currently listed from $666. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tides on 51st | 0BD, 1BTH | Studio,1BA | $663 |
Aspire West Phoenix | Studio | Studio,1BA | $666 |
Tides on McDowell | Studio | Studio,1BA | $825 |
Cove on 44th | A2 Renovated | 1BR,1BA | $875 |
Paloma Village | Studio | Studio,1BA | $920 |
Best Value Apartments for Rent in Homestead Terrace, AZ
As of June 26, 2025 the best value apartment in the Homestead Terrace area is the $1.31 price per square foot 2X2 Model at Morada Grande in the in the Maryvale neighborhood starting from $1,280. The second greatest value Homestead Terrace apartment is the Two Bedroom, Two Bathroom Model at Aspire Desert West starting at $1,378 with a $1.45 price per square foot in the Maryvale neighborhood. Here is today’s list of the best values for Homestead Terrace apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Morada Grande | 2X2 | 2BR,2BA | $1.31 |
Aspire Desert West | Two Bedroom, Two Bathroom | 2BR,2BA | $1.45 |
Villa de Cortez | 2A | 2BR,1BA | $1.20 |
Sol District | A1S | 1BR,1BA | $1.54 |
Morada West | Laverna | 1BR,1BA | $1.57 |
Ventana Palms | A1-675 | 1BR,1BA | $1.70 |
Glenrosa Park | A1 | 1BR,1BA | $1.43 |
Portola West McDowell | Cactus | 2BR,1BA | $1.71 |
Solara | Luna | 1BR,1BA | $1.68 |
Cove on 44th | A1 Renovated | 1BR,1BA | $1.71 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHomestead Terrace, Phoenix, AZ
Ranked #78
Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Homestead Terrace, Phoenix, AZ
School data provided by Great Schools
Lifestyle Ratings
This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, places to raise kids, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Homestead Terrace Neighborhood in Phoenix, AZ
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
42 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Homestead Terrace Apartments
What is a cheap apartment in Homestead Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homestead Terrace is under $999.
What is the price of a cheap apartment in Homestead Terrace?
The cheapest apartment in Homestead Terrace is Cove on 44th which is listed at $699, while the average apartment in Homestead Terrace costs $1,807.
What types of apartments are the cheapest in Homestead Terrace?
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 12 regular apartments in Homestead Terrace 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 Homestead Terrace?
Cheap apartments in Homestead Terrace have an average cost of $156 which is $1,651 cheaper than the average rent for all rentals in Homestead Terrace.
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.

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).

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.

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Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.