Cheap Apartments for Rent in the Midtown Phoenix Neighborhood of Phoenix, AZ from $500 (175 Rentals)

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

property at 5128 N 15th St

5128 N 15th St

PhoenixAZ85014
property at 1645 E Thomas Rd

1645 E Thomas Rd

PhoenixAZ85016
property at 3623 N 5th Ave

3623 N 5th Ave

PhoenixAZ85013
Showing Results 1-50, Page 1 of 4

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 Crosstown Phoenix priced from $652. Bethany at Midtown has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Midtown Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Crosstown Phoenixe10a - EastStudio,1BA$652
Bethany at MidtownStudioStudio,1BA$699
Palm SquareStudioStudio,1BA$699
Elevate at ThomasStudioStudio,1BA$700
Park LeeOne-Bedroom1BR,1BA$715
Spectra MidtownS2CStudio,1BA$739
Collins off Colter*S1 - Phase lStudio,1BA$741
2025 West Apartment HomesS1Studio,1BA$789
Seventh ApartmentsS1Studio,1BA$835
Palisade Park Aparments1x1 WD1BR,1BA$839

Best Value Apartments for Rent in Midtown Phoenix, AZ

As of October 27, 2025 the best value apartment in the Midtown Phoenix area is the $1.13 price per square foot C1 Model at Midtown Flats in the in the Downtown Phoenix neighborhood starting from $1,615. The second greatest value Midtown Phoenix apartment is the Townhome - 3 Bed, 1.5 Baths Renovated Model at Connect on Missouri Apartments starting at $1,495 with a $1.33 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.
Midtown FlatsC12BR,2BA$1.13
Connect on Missouri ApartmentsTownhome - 3 Bed, 1.5 Baths Renovated3BR,1.5BA$1.33
Camelback GardensTwo Bedroom, Two Bath2BR,2BA$1.25
Collins Off Colter IIB3 - Phase ll2BR,1BA$1.30
The Phoenix Apartments on 6th AvenueB12BR,2BA$1.40
U Apartments @ Melrose2x1 B1 R2BR,1BA$1.04
Homeward Bound2 Bedroom 1 Bath2BR,1BA$1.40
Tides on OsbornA11BR,1BA$1.37
Park LeeOne-Bedroom1BR,1BA$1.06
Camelback Properties1 Bedroom1BR,1BA$1.45

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Midtown Phoenix, Phoenix, AZ

Ranked #18

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
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 a cheap apartment in Midtown Phoenix?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Phoenix is under $839.

What is the price of a cheap apartment in Midtown Phoenix?

The cheapest apartment in Midtown Phoenix is Park Lee which is listed at $715, while the average apartment in Midtown Phoenix costs $3,124.

What types of apartments are the cheapest in Midtown Phoenix?

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 61 regular apartments in Midtown Phoenix 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 Midtown Phoenix?

Cheap apartments in Midtown Phoenix have an average cost of $192 which is $2,932 cheaper than the average rent for all rentals in Midtown Phoenix.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.