Cheap Homes for Rent in Homestead Terrace Neighborhood of Phoenix, AZ from $600 (16 Rentals)

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

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.

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.

property at 4337 N 53rd Ln

$1,161

1 Bedroom, 1 Bath Condo for Rent

Available Now

4337 N 53rd Ln

PhoenixAZ85031

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.

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 $663. Aspire West Phoenix has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here are the most affordable Homestead Terrace apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Tides on 51st0BD, 1BTHStudio,1BA$663
Aspire West Phoenix2B11C1BR,1BA$729
Stonybrook ApartmentsA1 Premier1BR,1BA$780
Cove on 44thA11BR,1BA$799
Tides on McDowellStudioStudio,1BA$825

Best Value Apartments for Rent in Homestead Terrace, AZ

As of December 21, 2025 the best value apartment in the Homestead Terrace area is the $1.44 price per square foot B1S Model at Sol District in the in the South Phoenix neighborhood starting from $1,450. The second greatest value Homestead Terrace apartment is the 4434 N 53rd Ln Model at 4434 N 53rd Ln, Unit 3 starting at $1,450 with a $1.53 price per square foot in the Homestead Terrace 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 DistrictB1S2BR,2BA$1.44
4434 N 53rd Ln, Unit 34434 N 53rd Ln2BR,2BA$1.53
Morada RiseOne Bed One Bath1BR,1BA$1.62
FLATZ 602S1Studio ,1BA$1.63
Stonybrook ApartmentsA2 Premier1BR,1BA$1.55
Glenrosa ParkA11BR,1BA$1.47
Ventana PalmsA1-6751BR,1BA$1.48
Villa de Cortez1A1BR,1BA$1.55
SolaraLUNA1BR,1BA$1.62
Portola West McDowellDahlia1BR,1BA$1.60

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 #75

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Homestead Terrace

What type of rentals are currently available in Homestead Terrace?

There are currently 88 Apartments for Rent in Homestead Terrace, AZ with pricing that ranges from $663 to $7,110. There are also 81 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead Terrace ranging from $675 to $3,000.

What is the current price range for Rental Homes in Homestead Terrace?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Homestead Terrace ranges from $675 to $3,000 with an average monthly rent of $1,608.

How much are larger Three and Four Bedroom Rentals in Homestead Terrace?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Homestead Terrace range from $1,467 to $5,505, while Three Bedroom Homes, Condos, and Townhomes for rent range from $694 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,660 and Four Bedroom Apartments start at $7,110.

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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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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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

Written by: Andrew Jollett

I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Written by: Andrew Jollett

Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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

Written by: Andrew Jollett

Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.

Articles, How-To's, and Tips

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.