Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (209 Rentals)

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

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Los Olivos, Phoenix, AZ Local Guide

Cheapest Available Los Olivos Apartments for Rent

 

The cheapest available apartment rental in the Los Olivos area of Phoenix, AZ is a Studio unit found at Omnia on Thomas priced from $675. McCarty on Monroe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here are the most affordable Los Olivos apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Omnia on Thomas0x1 370sf ClassicStudio,1BA$675
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Spectra MidtownS2CStudio,1BA$749
2025 West Apartment HomesS1Studio,1BA$750
The Studio on 12th StreetstudiosStudio,1BA$799
AdaraC23BR,3BA$825
The Loreto ApartmentsStudioStudio,1BA$848
16th Ave ApartmentsStudio/1 BathStudio,1BA$895

Best Value Apartments for Rent in Los Olivos, AZ

As of July 27, 2025 the best value apartment in the Los Olivos area is the $1.65 price per square foot 4 Model at Halcyon on Cheery Lynn in the in the Encanto neighborhood starting from $2,799. The second greatest value Los Olivos apartment is the 69 E Columbus Ave Model at 69 E Columbus Ave, Unit 1 starting at $2,200 with a $1.47 price per square foot in the Encanto neighborhood. Here is today’s list of the best values for Los Olivos apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Halcyon on Cheery Lynn43BR,3BA$1.65
69 E Columbus Ave, Unit 169 E Columbus Ave3BR,2BA$1.47
ReNue Downtown ApartmentsC - The Capitol - 603BR,2BA$1.51
The CoronadoTwo Bedroom2BR,2BA$1.36
60 at Melrose2 bed 2 bath2BR,2BA$1.56
3635 N 15th Ave, Unit C3635 N 15th Ave2BR,1BA$1.37
Playton Place1 Bed, 1 bath1BR,1BA$1.58
1746 E Virginia Ave, Unit 21746 E Virginia Ave2BR,1BA$1.35
The Heritage Apartment Homes1A1BR,1BA$1.63
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04

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Pet Friendly Lifestyle
Los Olivos, Phoenix, AZ

Ranked #7

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Los Olivos, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is happy to bring you Lifestyle Ratings of neighborhoods, areas, and rental properties across Arizona and customized analysis for Central Phoenix. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Los Olivos Apartments

What is a cheap apartment in Los Olivos?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Los Olivos is under $895.

What is the price of a cheap apartment in Los Olivos?

The cheapest apartment in Los Olivos is McCarty on Monroe which is listed at $717, while the average apartment in Los Olivos costs $2,350.

What types of apartments are the cheapest in Los Olivos?

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 380 regular apartments in Los Olivos 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 Los Olivos?

Cheap apartments in Los Olivos have an average cost of $450 which is $1,900 cheaper than the average rent for all rentals in Los Olivos.

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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