Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (199 Rentals)

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

property at 2032 W Adams St

2032 W Adams St

PhoenixAZ85009

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property at 622 N 9th Ave

622 N 9th Ave

PhoenixAZ85007

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property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013

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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 Ambassador West Apartments priced from $651. Marquee has the second lowest priced unit, which is a 1 Bed apartment currently listed from $670. Here are the most affordable Los Olivos apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Ambassador West ApartmentsOne Bedroom1BR,1BA$651
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$670
Roosevelt PointD24BR,4BA$699
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
2025 West Apartment HomesS1Studio,1BA$741
Omnia on Thomas0x1 350sf ClassicStudio,1BA$767
Spectra MidtownS2CStudio,1BA$773
Tides on OsbornA21BR,1BA$777
The Studio on 12th StreetstudiosStudio,1BA$799
The Loreto ApartmentsStudioStudio,1BA$848

Best Value Apartments for Rent in Los Olivos, AZ

As of June 11, 2025 the best value apartment in the Los Olivos area is the $1.35 price per square foot B1 Model at The Phoenix Apartments on 6th Avenue in the in the Encanto neighborhood starting from $1,325. The second greatest value Los Olivos apartment is the 2x1 B1 R Model at Large 2 bedroom units central Phoenix starting at $1,299 with a $1.43 price per square foot in the Downtown Phoenix 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.
The Phoenix Apartments on 6th AvenueB12BR,2BA$1.35
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
Aura at Midtown2x1.5 897sf Reno2BR,2BA$1.45
1640 W Osborn Rd, Unit 61640 W Osborn Rd2BR,1BA$1.45
The CoronadoTwo Bedroom2BR,2BA$1.41
60 at Melrose2 bed 2 bath2BR,2BA$1.47
Playton Place1 Bed, 1 bath1BR,1BA$1.58
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
MarqueeOne Bedroom 559 Sq Ft A1BR,1BA$1.04
Ambassador West ApartmentsOne Bedroom1BR,1BA$1.35

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Los Olivos, Phoenix, AZ

Ranked #8

Among neighborhoods in Phoenix, AZ 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 $848.

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

The cheapest apartment in Los Olivos is Ambassador West Apartments which is listed at $651, 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 77 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 $231 which is $2,119 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.

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 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

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decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.