Cheap Apartments for Rent in the Midtown Phoenix Neighborhood of Phoenix, AZ from $500 (148 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1645 E Thomas Rd

1645 E Thomas Rd

PhoenixAZ85016

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013
property at 4310 N 14th St

4310 N 14th St

PhoenixAZ85014

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.

Read Article
Showing Results 1-50, Page 1 of 3

Midtown Phoenix, Phoenix, AZ Local Guide

Cheapest Available Midtown Phoenix Apartments for Rent

 

The cheapest available apartment rental in the Midtown Phoenix area of Phoenix, AZ is a Studio unit found at Elevate at Thomas priced from $700. La Buena Vida has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. Here are the most affordable Midtown Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Elevate at ThomasStudioStudio,1BA$700
La Buena Vida1 Bed, 1 bath1BR,1BA$705
Park LeeOne-Bedroom1BR,1BA$715
Crosstown Phoenixe10a - EastStudio,1BA$719
2025 West Apartment HomesS1Studio,1BA$720
The Studio on 12th Street4130 North 12th StreetStudio,1BA$725
Spectra MidtownS2CStudio,1BA$749
The Wexler Apartments0x1 A RenoStudio,1BA$799
Courtyard at Encanto ApartmentsStudioStudio,1BA$799
Palm SquareOne Bedroom1BR,1BA$799

Best Value Apartments for Rent in Midtown Phoenix, AZ

As of September 03, 2025 the best value apartment in the Midtown Phoenix area is the $1.49 price per square foot 2D Model at The Clayton on Highland in the in the Encanto neighborhood starting from $1,900. The second greatest value Midtown Phoenix apartment is the Two Bedroom, Two Bath Model at Camelback Gardens starting at $1,399 with a $1.25 price per square foot in the Downtown Phoenix neighborhood. Here is today’s list of the best values for Midtown Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Clayton on Highland2D2BR,2.5BA$1.49
Camelback GardensTwo Bedroom, Two Bath2BR,2BA$1.25
Missouri CrossingSouthern Pacific2BR,1BA$1.49
3631 N 15th Ave, Unit C3631 N 15th Ave2BR,1BA$1.43
Park Terrace2 Bed 2 Bath A2BR,2BA$1.50
Osborn Place1 Bed - 1 Bath B1BR,1BA$1.21
Tides on OsbornA21BR,1BA$1.49
La Buena Vida1 Bed, 1 bath1BR,1BA$1.04
Park LeeOne-Bedroom1BR,1BA$1.06
Camelback Properties1 Bedroom1BR,1BA$1.45

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Midtown Phoenix, Phoenix, AZ

Ranked #21

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Midtown Phoenix, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Arizona, including Phoenix. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, features that make it easier to raise kids, proximity to transit, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Midtown Phoenix Neighborhood in Phoenix, AZ

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Midtown Phoenix Apartments

What is the Cheapest Studio apartment in Midtown Phoenix?

Currently the most affordable Cheap Studio Apartment in Midtown Phoenix is at Elevate at Thomas listed at $700.

How much is rent for a Cheap One Bedroom Midtown Phoenix Apartment?

The lowest price for a Cheap One Bedroom Midtown Phoenix Apartment is $705 at La Buena Vida.

What is the lowest price for a Cheap Two Bedroom Midtown Phoenix Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Midtown Phoenix is starting from $854 at Park Lee.

What is the most affordable Midtown Phoenix Three Bedroom Apartment?

The best deal on a cheap Midtown Phoenix Three Bedroom Apartment rental is at Camelback Properties and starts from $1,336.

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

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.