Cheap Homes for Rent in Los Olivos Neighborhood of Phoenix, AZ from $700 (51 Rentals)

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

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property at 340 N 12th St

340 N 12th St

PhoenixAZ85006

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

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property at 3993 N 3rd Ave

3993 N 3rd Ave

PhoenixAZ85013
property at 11 S 12th St

11 S 12th St

PhoenixAZ85034

Navigating the Rental Market: Tips for First-Time Renters

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property at 11 S 12th St

11 S 12th St

PhoenixAZ85034
property at 200 E Thomas Rd

200 E Thomas Rd

PhoenixAZ85012

Phoenix's Best Affordable Neighborhoods

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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 10, 2025 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 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.
Monterosa Villas3 Bedroom 2.5 Bath3BR,2.5BA$1.01
Large 2 bedroom units central Phoenix2x1 B1 R2BR,1BA$1.43
The CoronadoTwo Bedroom2BR,2BA$1.47
60 at Melrose2 bed 2 bath2BR,2BA$1.47
Playton Place1 Bed, 1 bath1BR,1BA$1.58
The Heritage Apartment Homes1A1BR,1BA$1.61
Aura at Midtown1x1 714sf Partial1BR,1BA$1.57
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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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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Frequently Asked Questions about Los Olivos

What type of rentals are currently available in Los Olivos?

There are currently 821 Apartments for Rent in Los Olivos, AZ with pricing that ranges from $651 to $12,000. There are also 198 Single Family Homes for rent, Condos, and Townhome rentals currently available in Los Olivos ranging from $750 to $11,000.

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 $750 to $11,000 with an average monthly rent of $2,879.

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 $799 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,820 to $11,000. Four Bedroom Single-Family rentals are also available starting from $1,899 and Four Bedroom Apartments start at $699.

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.

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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

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

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

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