Cheap Homes for Rent in Homestead Terrace Neighborhood of Phoenix, AZ from $800 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes 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.

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.

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 Studio apartment currently listed from $666. 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 PhoenixStudioStudio,1BA$666
Cove on 44thA11BR,1BA$699

Best Value Apartments for Rent in Homestead Terrace, AZ

As of June 29, 2025 the best value apartment in the Homestead Terrace area is the $1.60 price per square foot 3X2 Model at Morada Grande in the in the Maryvale neighborhood starting from $1,687. The second greatest value Homestead Terrace apartment is the Two Bedroom, Two Bathroom Model at Aspire Desert West starting at $1,378 with a $1.45 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 Grande3X23BR,2BA$1.60
Aspire Desert WestTwo Bedroom, Two Bathroom2BR,2BA$1.45
Sol DistrictA1S1BR,1BA$1.50
Morada WestLaverna1BR,1BA$1.57
Morada SkyBreeze2BR,2BA$1.32
Glenrosa ParkA11BR,1BA$1.43
Ventana PalmsA1-6751BR,1BA$1.70
SolaraDorado2BR,1BA$1.53
Villa de Cortez1A1BR,1BA$1.69
Cove on 44thA1 Renovated1BR,1BA$1.71

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Homestead Terrace

What type of rentals are currently available in Homestead Terrace?

There are currently 86 Apartments for Rent in Homestead Terrace, AZ with pricing that ranges from $663 to $3,588. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Homestead Terrace ranging from $800 to $4,595.

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 $800 to $4,595 with an average monthly rent of $2,399.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.