Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $600 (36 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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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property at 2627 N 45th Ave

2627 N 45th Ave

PhoenixAZ85035
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Indigo Pointe
2 to 3 Bedroom Apartments

Indigo Pointe

475 N 43rd AvePhoenix, AZ 85009
  • Utilities Included

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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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
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Gran jardin
2 Bedroom Apartments

Gran jardin

405-409 N 40th AvePhoenix, AZ 85009

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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Showing Results 1-36, 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 1 Bed unit found at Morada Sky priced from $655. Tides on 51st has the second lowest priced unit, which is a Studio apartment currently listed from $663. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Morada SkyAzure1BR,1BA$655
Tides on 51st0BD, 1BTHStudio,1BA$663
Aspire West Phoenix2B01P3Studio,1BA$749
Paloma VillageStudioStudio,1BA$825
Cove on 44thA21BR,1BA$849
Tides on McDowellOne Bedroom One Bath Small1BR,1BA$850
Stonybrook ApartmentsA2 Premier1BR,1BA$870
Desert Wind ApartmentsDESERTWIND MOVE-IN SPECIAL 1ST MONTH FREE(OAC)C...1BR,1BA$949
Casa Sol ApartmentsOne Bedroom1BR,1BA$999
Morada RiseTwo Bed Two Bath2BR,2BA$1,001

Best Value Apartments for Rent in Homestead Terrace, AZ

As of October 31, 2025 the best value apartment in the Homestead Terrace area is the $1.46 price per square foot C1R Model at Sol District in the in the South Phoenix neighborhood starting from $1,739. The second greatest value Homestead Terrace apartment is the 3X2 Model at Morada Grande starting at $1,436 with a $1.36 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.
Sol DistrictC1R3BR,2BA$1.46
Morada Grande3X23BR,2BA$1.36
4434 N 53rd Ln, Unit UNIT 34434 N 53rd Ln2BR,2BA$1.53
Ventana PalmsA1-7401BR,1BA$1.42
Morada SkyBreeze Renovated2BR,2BA$1.57
FLATZ 602S1Studio ,1BA$1.65
Glenrosa ParkA11BR,1BA$1.53
Portola West McDowellCactus2BR,1BA$1.57
SolaraLUNA1BR,1BA$1.62
Cove on 44thS1Studio ,1BA$1.66

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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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
Homestead Terrace, Phoenix, AZ

Ranked #76

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

Pet Friendliness Lifestyle Score

3.5
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 $1,001.

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

The cheapest apartment in Homestead Terrace is Morada Sky which is listed at $655, while the average apartment in Homestead Terrace costs $7,784.

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 21 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 $385 which is $7,399 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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.