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.

property at 2032 W Adams St

2032 W Adams St

PhoenixAZ85009
property at 1645 E Thomas Rd

1645 E Thomas Rd

PhoenixAZ85016

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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 2025 West Apartment Homes priced from $700. 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
2025 West Apartment HomesS1Studio,1BA$700
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Spectra MidtownS2CStudio,1BA$749
Osborn Place1 Bed - 1 Bath B1BR,1BA$775
The Wexler Apartments0x1 A RenoStudio,1BA$799
AdaraD24BR,4BA$824
The Loreto ApartmentsJunior StudioStudio,1BA$859
ImperialA1 - Large Studio1BR,1BA$880
Omnia on Thomas1x1 400sf Classic1BR,1BA$889

Best Value Apartments for Rent in Los Olivos, AZ

As of September 10, 2025 the best value apartment in the Los Olivos area is the $1.50 price per square foot 2x2 Model at Agave Court in the in the Central City neighborhood starting from $1,399. The second greatest value Los Olivos apartment is the 2x1 B1 R Model at Large 2 bedroom units central Phoenix starting at $1,099 with a $1.21 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.
Agave Court2x22BR,2BA$1.50
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.21
The CoronadoTwo Bedroom2BR,2BA$1.41
60 at Melrose2 bed 2 bath2BR,2BA$1.54
3631 N 15th Ave, Unit C3631 N 15th Ave2BR,1BA$1.43
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Osborn Place1 Bed - 1 Bath B1BR,1BA$1.07
Aura at Midtown1x1 714sf Partial1BR,1BA$1.50
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04
Tides on OsbornA21BR,1BA$1.49

Quick Rent Budget Calculator

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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 $889.

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 456 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 $433 which is $1,917 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).

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.