Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (278 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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Adara
Rent Specials
$792 - $3,262
Total Monthly Price

Total Monthly Price

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$792 - $3,262
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Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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property at 1201 E Moreland St

$1,000 - $2,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,300
Total Monthly Price
$1,000 - $2,300

Studio To 2 Bedroom Townhomes for Rent

Available Now

1201 E Moreland St

PhoenixAZ85006
property at 4401 N 12th St

$750 - $1,350

1 Bedroom Rentals

Available Now

4401 N 12th St

PhoenixAZ85014

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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 1 Bed unit found at Garfield Terrace priced from $507. 2025 West Apartment Homes has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here are the most affordable Los Olivos apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Garfield TerraceGarfield Terrace One Bedroom1BR,1BA$507
2025 West Apartment HomesS1Studio,1BA$630
Spectra MidtownS1 CStudio,1BA$699
Omnia on Thomas0x1 350sf ClassicStudio,1BA$749
Duo ApartmentsStudioStudio,1BA$763
829 N 4th AveStudio, 1 bathStudio,1BA$775
AdaraCo-living 4BStudio,$792
Ambassador West ApartmentsOne Bedroom1BR,1BA$799
Radius Apartments1bd/1ba1BR,1BA$799
16th Ave ApartmentsStudio/1 BathStudio,1BA$825

Best Value Apartments for Rent in Los Olivos, AZ

As of June 20, 2026 the best value apartment in the Los Olivos area is the $1.60 price per square foot 4 Bedrooms/3.5 Bathrooms Model at 8th and Row Townhomes in the in the South Phoenix neighborhood starting from $2,895. The second greatest value Los Olivos apartment is the Pennsylvania Model at Arioso City Lofts starting at $1,655 with a $1.51 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.
8th and Row Townhomes4 Bedrooms/3.5 Bathrooms4BR,3.5BA$1.60
Arioso City LoftsPennsylvania2BR,2BA$1.51
McCarty on Monroe1 Bedroom (C)1BR,1BA$0.99
U @ Melrose Apartments2 Bedroom, 1 Bath2BR,1BA$1.54
The CoronadoTwo Bedroom2BR,2BA$1.35
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Rise MidtownA3 Gold1BR,1BA$1.56
Garfield TerraceGarfield Terrace One Bedroom1BR,1BA$0.78
Radius Apartments1bd/1ba1BR,1BA$1.23
3427 N 12th Pl1 Beds, 1 Baths1BR,1BA$1.62

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From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $825.

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

The cheapest apartment in Los Olivos is Garfield Terrace which is listed at $507, while the average apartment in Los Olivos costs $2,564.

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 970 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 $1,248 which is $1,316 cheaper than the average rent for all rentals in Los Olivos.

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.

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