Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $600 (21 Rentals)

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

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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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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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 1 Bedroom Apartments

Los Vecinos Apartments

1950 N 43rd AvePhoenix, AZ 85009
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 Aspire West Phoenix priced from $750. Tides on 51st has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Aspire West Phoenix2B01CStudio,1BA$750
Tides on 51st1BD, 1BTH1BR,1BA$768
Stonybrook ApartmentsA2 Premier1BR,1BA$805
Tides on McDowellOne Bedroom One Bath Large1BR,1BA$899
Morada SkyBreeze2BR,2BA$923

Best Value Apartments for Rent in Homestead Terrace, AZ

As of July 30, 2025 the best value apartment in the Homestead Terrace area is the $1.47 price per square foot RosaBella Model at Morada West in the in the South Phoenix neighborhood starting from $1,854. The second greatest value Homestead Terrace apartment is the 3X2 Model at Morada Grande starting at $1,606 with a $1.53 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 WestRosaBella3BR,2BA$1.47
Morada Grande3X23BR,2BA$1.53
Villa de Cortez2A2BR,1BA$1.12
Aspire Desert WestTwo Bedroom, Two Bathroom2BR,2BA$1.45
Ventana PalmsB2-9402BR,2BA$1.48
Morada RiseOne Bed One Bath1BR,1BA$1.55
Morada SkyBreeze Renovated2BR,2BA$1.55
Glenrosa ParkA11BR,1BA$1.46
SolaraLuna1BR,1BA$1.60
Tides on 51st1BD, 1BTH1BR,1BA$1.51

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Homestead Terrace, Phoenix, AZ

Ranked #79

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

Pet Friendliness Lifestyle Score

2.5
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 $1,015.

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 $1,721.

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 14 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 $325 which is $1,396 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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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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The Art of the Rental Viewing: What to look for during a property tour

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.