Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $675 (40 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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Morada West
Rent Specials
$1,072 - $1,908

Total Monthly Price

Base Rent$1,072 - $1,908
Total Monthly Price$1,072 - $1,908
1 to 3 Bedroom Apartments Available Now

Morada West

6161 W McDowell RdPhoenix, AZ 85035
Affordability
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FLATZ 602
Rent Specials
$1,219 - $1,494

Total Monthly Price

Base Rent$1,219 - $1,494
Total Monthly Price$1,219 - $1,494
Studio to 2 Bedroom Apartments Available Now

FLATZ 602

6025 W Thomas RdPhoenix, AZ 85033
Furnished
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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 Los Vecinos Apartments priced from $675. The Residences at Camelback West has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Los Vecinos ApartmentsStudioStudio,1BA$675
The Residences at Camelback WestStudioStudio,1BA$699
Aspire West Phoenix2B11R21BR,1BA$705
Paloma VillageStudioStudio,1BA$725
Tides on 51stStudioStudio,1BA$739
The Palms at Camelback WestStudioStudio,1BA$788
Resort on 35thmove in special!!! first month rent free(o.a.c)Studio,1BA$799
Morada SkyBreeze2BR,2BA$879
Streamliner 67thStudioStudio,1BA$889
The Square on Indian School1ST MONTH FREE!Studio,1BA$899

Best Value Apartments for Rent in Homestead Terrace, AZ

As of September 13, 2026 the best value apartment in the Homestead Terrace area is the $1.61 price per square foot Three Bed Two Bath Model at Morada Rise in the in the Maryvale neighborhood starting from $1,700. The second greatest value Homestead Terrace apartment is the 3X2 Model at Morada Grande starting at $1,345 with a $1.28 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 RiseThree Bed Two Bath3BR,2BA$1.61
Morada Grande3X23BR,2BA$1.28
Aspire Desert WestTwo Bedroom, Two Bathroom2BR,2BA$1.37
Alta Vista VillageThree Bedroom 1.5 Bathroom3BR,1.5BA$1.68
Camelback Palms2+1 UP2BR,1BA$1.56
SolaraSUNRISE2BR,1BA$1.47
Glenrosa ParkA11BR,1BA$1.37
Portola West McDowellCactus2BR,1BA$1.57
Gran jardin2BR/1.0BA2BR,1BA$1.58
Villas De AzulCobalt1BR,1BA$1.61

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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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Homestead Terrace, Phoenix, AZ

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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 $899.

What is the price of a cheap apartment in Homestead Terrace?

The cheapest apartment in Homestead Terrace is Aspire West Phoenix which is listed at $705, while the average apartment in Homestead Terrace costs $1,175.

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 65 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 $775 which is $400 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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