Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $600 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Homestead Terrace area of Phoenix.

property at 4903 W Thomas Rd

4903 W Thomas Rd

PhoenixAZ85031

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property at 4337 N 53rd Ln

4337 N 53rd Ln

PhoenixAZ85031
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Indigo Pointe
2 to 3 Bedroom Apartments

Indigo Pointe

475 N 43rd AvePhoenix, AZ 85009
  • Utilities Included
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Los Vecinos Apartments
Studio to 2 Bedroom Apartments

Los Vecinos Apartments

1950 N 43rd AvePhoenix, AZ 85009
  • Utilities Included
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The Graybriar
1 to 2 Bedroom Apartments

The Graybriar

3810 N Maryvale PkwyPhoenix, AZ 85031

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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Rise Encore
Studio to 3 Bedroom Apartments

Rise Encore

5775 W Roosevelt StPhoenix, AZ 85043
property at 4337 N 53rd Ln

4337 N 53rd Ln

PhoenixAZ85031

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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Casa West
2 Bedroom Apartments

Casa West

4029 W McDowell RdPhoenix, AZ 85009
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Homestead Terrace, Phoenix, AZ Local Guide

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. Solara has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Tides on 51st0BD, 1BTHStudio,1BA$663
SolaraLUNA1BR,1BA$850
Aspire West Phoenix2B01P3Studio,1BA$860
Morada SkyAzure1BR,1BA$887
Paloma VillageStudioStudio,1BA$920
Villa de Cortez1A1BR,1BA$944
Desert Wind ApartmentsDESERTWIND MOVE-IN SPECIAL 1ST MONTH FREE(OAC)C...1BR,1BA$949
Tides on McDowellStudioStudio,1BA$975
Glenrosa ParkA11BR,1BA$976
Casa Sol ApartmentsOne Bedroom1BR,1BA$999

Best Value Apartments for Rent in Homestead Terrace, AZ

As of September 13, 2025 the best value apartment in the Homestead Terrace area is the $1.58 price per square foot 3X2 Model at Morada Grande in the in the Maryvale neighborhood starting from $1,666. The second greatest value Homestead Terrace apartment is the Two Bed Two Bath Model at Morada Rise starting at $1,431 with a $1.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Morada Grande3X23BR,2BA$1.58
Morada RiseTwo Bed Two Bath2BR,2BA$1.47
Aspire Desert WestTwo Bedroom, Two Bathroom2BR,2BA$1.52
Sol DistrictA1S1BR,1BA$1.51
SolaraSUNRISE2BR,1BA$1.49
Ventana PalmsA1-6751BR,1BA$1.63
Glenrosa ParkA11BR,1BA$1.45
Portola West McDowellCactus2BR,1BA$1.57
Villa de Cortez1A1BR,1BA$1.46
Casa Sol ApartmentsOne Bedroom1BR,1BA$1.73

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Homestead Terrace, Phoenix, AZ

Ranked #69

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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 Tides on 51st which is listed at $768, while the average apartment in Homestead Terrace costs $4,212.

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 28 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 $271 which is $3,941 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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.