Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $500 (45 Rentals)

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

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FLATZ 602
Rent Specials
$1,069 - $1,499
Total Monthly Price

Total Monthly Price

Base Rent
$1,069 - $1,499
Total Monthly Price
$1,069 - $1,499
Studio to 2 Bedroom Apartments Available Now

FLATZ 602

6025 W Thomas RdPhoenix, AZ 85033
Furnished
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  • 3D Tour

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Rise Encore
Studio to 3 Bedroom Apartments

Rise Encore

5775 W Roosevelt StPhoenix, AZ 85043
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The Graybriar
1 to 2 Bedroom Apartments

The Graybriar

3810 N Maryvale PkwyPhoenix, AZ 85031
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Streamliner 67th
Studio to 2 Bedroom Apartments

Streamliner 67th

6755 W McDowell RdPhoenix, AZ 85035
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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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Sol District
1 to 3 Bedroom Apartments

Sol District

6515 W McDowell RdPhoenix, AZ 85035
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Casa West
2 Bedroom Apartments

Casa West

4029 W McDowell RdPhoenix, AZ 85009
  • Utilities Included
property at 4266 N 68th Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Now

4266 N 68th Dr

PhoenixAZ85033

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Showing Results 1-45, 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 $649. Los Vecinos Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Tides on 51stStudioStudio,1BA$649
Los Vecinos ApartmentsStudioStudio,1BA$675
Paloma VillageStudioStudio,1BA$699
Tides on McDowellStudioStudio,1BA$800
Aspire West Phoenix2B11P31BR,1BA$879
Streamliner 67thStudioStudio,1BA$911
Glenrosa ParkA11BR,1BA$925
Cove on 44thA11BR,1BA$925
Desert WindSTOP FIGHTING OVER THE THERMOSTAT! CONTROL YOUR...1BR,1BA$949
Villas De AzulCobalt1BR,1BA$950

Best Value Apartments for Rent in Homestead Terrace, AZ

As of July 30, 2026 the best value apartment in the Homestead Terrace area is the $1.39 price per square foot 3X2 Model at Morada Grande in the in the Maryvale neighborhood starting from $1,461. The second greatest value Homestead Terrace apartment is the 3 Beds, 1.5 Baths Model at Hallcraft Villas West starting at $1,195 with a $1.15 price per square foot in the South Phoenix 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$1.39
Hallcraft Villas West3 Beds, 1.5 Baths3BR,1.5BA$1.15
Rancho CieloL2AC50RC2BR,2BA$1.14
Ventana PalmsB2-9402BR,2BA$1.38
SunPointe ApartmentsB12BR,2BA$1.50
Morada RiseTwo Bed One Bath2BR,1BA$1.58
Sol DistrictA1S1BR,1BA$1.40
Glenrosa ParkA11BR,1BA$1.37
Portola West McDowellCactus2BR,1BA$1.57
Gran Jardin Apartments2BR/1.0BA2BR,1BA$1.43

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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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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!

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 $950.

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 $750, while the average apartment in Homestead Terrace costs $1,595.

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 25 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 $337 which is $1,258 cheaper than the average rent for all rentals in Homestead Terrace.

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.

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