Cheap Apartments for Rent in the Los Olivos Neighborhood of Phoenix, AZ from $500 (240 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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property at 4401 N 12th St

$895 - $1,000

1 Bedroom Rentals

Available Now

4401 N 12th St

PhoenixAZ85014
property at 1645 E Thomas Rd

$895 - $989

Studio To 1 Bedroom Rentals

Available Now

1645 E Thomas Rd

PhoenixAZ85016

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property at 3848 N 3rd Ave

$1,045 - $1,895

1 To 2 Bedroom Rentals

Available Now

3848 N 3rd 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 Studio unit found at Spectra Midtown priced from $705. 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
Spectra MidtownS2CStudio,1BA$705
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
AdaraD24BR,4BA$740
Reflections On PortlandOne Bedroom1BR,1BA$749
2025 West Apartment HomesS1Studio,1BA$766
Osborn Place1 Bed - 1 Bath B1BR,1BA$775
The Wexler Apartments0x1 A RenoStudio,1BA$799
Briella PhoenixA11BR,1BA$818
The Loreto ApartmentsStudioStudio,1BA$848

Best Value Apartments for Rent in Los Olivos, AZ

As of January 26, 2026 the best value apartment in the Los Olivos area is the $1.50 price per square foot 1731 E Cheery Lynn Rd Model at 1731 E Cheery Lynn Rd, Unit 1731 Front in the in the Encanto neighborhood starting from $1,800. The second greatest value Los Olivos apartment is the Village Model at The Met at 3rd and Fillmore starting at $1,655 with a $1.39 price per square foot in the South 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.
1731 E Cheery Lynn Rd, Unit 1731 Front1731 E Cheery Lynn Rd3BR,1BA$1.50
The Met at 3rd and FillmoreVillage2BR,2BA$1.39
2138 E Turney Ave, Unit D2138 E Turney Ave2BR,1BA$1.33
62 W Culver StOne bed1BR,1BA$1.00
U Apartments @ Melrose2x1 B1 R2BR,1BA$1.04
The CoronadoTwo Bedroom2BR,2BA$1.35
Desert Sunshine 1Two Bed One Bath2BR,1BA$1.53
McCarty on Monroe1 Bedroom (B)1BR,1BA$1.37
Portland ApartmentsOne Bedroom1BR,1BA$1.47
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53

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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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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
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 $848.

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 $2,575.

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 1,485 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 $1,335 which is $1,240 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.

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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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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.