Cheap Homes for Rent in Los Olivos Neighborhood of Phoenix, AZ from $700 (60 Rentals)

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

property at 2032 W Adams St

$899 - $1,000

1 To 2 Bedroom Rentals

Available Now

2032 W Adams St

PhoenixAZ85009

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 4231 N 13th Pl

$955

1 Bedroom, 1 Bath Condo for Rent

Available Now

4231 N 13th Pl

PhoenixAZ85014
property at 4231 N 13th Pl

$955

1 Bedroom, 1 Bath Condo for Rent

Available Now

4231 N 13th Pl

PhoenixAZ85014
property at 1645 E Thomas Rd

$989

1 Bedroom, 1 Bath Condo for Rent

Available Now

1645 E Thomas Rd

PhoenixAZ85016

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 3302 N 7th St

$1,150 - $1,700

1 To 2 Bedroom Rentals

Available Now

3302 N 7th St

PhoenixAZ85014

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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property at 1645 E Thomas Rd

$1,338

2 Bedroom, 2 Bath Condo for Rent

Available Now

1645 E Thomas Rd

PhoenixAZ85016

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 1100 E Osborn Rd

$1,430

2 Bedroom, 2 Bath Condo for Rent

Available Now

1100 E Osborn Rd

PhoenixAZ85014

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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
2025 West Apartment HomesS1Studio,1BA$748
Reflections On PortlandOne Bedroom1BR,1BA$749
Briella PhoenixA11BR,1BA$818
The Loreto ApartmentsStudioStudio,1BA$848
Osborn Place1 Bed - 1 Bath A1BR,1BA$850

Best Value Apartments for Rent in Los Olivos, AZ

As of January 27, 2026 the best value apartment in the Los Olivos area is the $1.01 price per square foot 3 Bedroom 2.5 Bath Model at Monterosa Villas in the in the Downtown Phoenix neighborhood starting from $2,300. The second greatest value Los Olivos apartment is the 1731 E Cheery Lynn Rd Model at 1731 E Cheery Lynn Rd, Unit 1731 Front starting at $1,800 with a $1.50 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.
Monterosa Villas3 Bedroom 2.5 Bath3BR,2.5BA$1.01
1731 E Cheery Lynn Rd, Unit 1731 Front1731 E Cheery Lynn Rd3BR,1BA$1.50
Arioso City LoftsWabash2BR,2BA$1.32
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
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

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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

Frequently Asked Questions about Los Olivos

What type of rentals are currently available in Los Olivos?

There are currently 851 Apartments for Rent in Los Olivos, AZ with pricing that ranges from $675 to $9,980. There are also 215 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Olivos ranging from $700 to $18,500.

What is the current price range for Rental Homes in Los Olivos?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Los Olivos ranges from $700 to $18,500 with an average monthly rent of $3,582.

How much are larger Three and Four Bedroom Rentals in Los Olivos?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Los Olivos range from $775 to $9,980, while Three Bedroom Homes, Condos, and Townhomes for rent range from $980 to $6,995. Four Bedroom Single-Family rentals are also available starting from $2,040 and Four Bedroom Apartments start at $740.

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

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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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.

decorative image for A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

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.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.