Cheap Apartments for Rent in the Homestead Terrace Neighborhood of Phoenix, AZ from $600 (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
$1,199 - $1,929
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $1,929
Total Monthly Price
$1,199 - $1,929
Studio to 2 Bedroom Apartments Available Now

FLATZ 602

6025 W Thomas RdPhoenix, AZ 85033
Furnished
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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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The Graybriar
1 to 2 Bedroom Apartments

The Graybriar

3810 N Maryvale PkwyPhoenix, AZ 85031
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Los Vecinos Apartments
Studio to 2 Bedroom Apartments

Los Vecinos Apartments

1950 N 43rd AvePhoenix, AZ 85009
Corporate Housing
  • Utilities Included

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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Villas De Azul
1 to 3 Bedroom Apartments

Villas De Azul

2627 N 45th AvePhoenix, AZ 85035
Student Housing
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Rise Encore
Studio to 3 Bedroom Apartments

Rise Encore

5775 W Roosevelt StPhoenix, AZ 85043
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Casa West
2 Bedroom Apartments

Casa West

4029 W McDowell RdPhoenix, AZ 85009
  • Utilities Included

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

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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 $699. Aspire West Phoenix has the second lowest priced unit, which is a 1 Bed apartment currently listed from $739. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Tides on 51stStudioStudio,1BA$699
Aspire West Phoenix2B01R31BR,1BA$739
Paloma VillageStudioStudio,1BA$750
Tides on McDowellStudioStudio,1BA$800
Solei on West ThomasA11BR,1BA$865
Cove on 44thA11BR,1BA$900
Desert WindDESERTWIND MOVE-IN SPECIAL 1ST MONTH FREE(OAC)C...1BR,1BA$949
Gran Jardin Apartments2BR/1.0BA2BR,1BA$950
Streamliner 67thStudioStudio,1BA$957

Best Value Apartments for Rent in Homestead Terrace, AZ

As of April 29, 2026 the best value apartment in the Homestead Terrace area is the $1.55 price per square foot Three Bed Two Bath Model at Morada Rise in the in the Maryvale neighborhood starting from $1,628. The second greatest value Homestead Terrace apartment is the 3X2 Model at Morada Grande starting at $1,642 with a $1.56 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$1.55
Morada Grande3X23BR,2BA$1.56
Casa Sol?2X2 50% OFF FIRST MONTH RENT?2BR,2BA$1.53
Sol DistrictA1S1BR,1BA$1.42
Morada SkyBreeze2BR,2BA$1.49
Glenrosa ParkA11BR,1BA$1.47
Portola West McDowellCactus2BR,1BA$1.57
Gran Jardin Apartments2BR/1.0BA2BR,1BA$1.43
SunPointe ApartmentsA1B1BR,1BA$1.48
Solei on West ThomasA11BR,1BA$1.44

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

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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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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 $957.

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 $739, while the average apartment in Homestead Terrace costs $6,534.

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 60 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 $320 which is $6,214 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.

Helpful Local Expert Guides

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Articles, How-To's, and Tips

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