
Cheap Homes for Rent in Midtown Neighborhood of Phoenix, AZ from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Midtown area of Phoenix.


1517 W Thomas Rd

2925 N 15th Dr

535 W Thomas Rd

841 E Sheridan St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

920 E Devonshire Ave

1406 W Whitton Ave

1016 W Osborn Rd

1016 E Osborn Rd, Unit F, Unit F

4330 N 5th Ave
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Furnished Studio-Phoenix - Midtown
Midtown, Phoenix, AZ Local Guide

How much does it cost to rent a home in Midtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown 2 Bedroom Homes for Rent | $2,588 | $1,425 | $4,995 |
| Midtown 3 Bedroom Homes for Rent | $3,099 | $2,360 | $4,000 |
| Midtown 4 Bedroom Homes for Rent | $6,331 | $3,000 | $8,495 |
| Midtown 5 Bedroom Homes for Rent | $5,000 | $5,000 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Midtown Neighborhood of Phoenix, AZ.
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Midtown, Phoenix, AZ Local Guide
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Cheapest Available Midtown Apartments for Rent
 The cheapest available apartment rental in the Midtown area of Phoenix, AZ is a Studio unit found at Melrose3130 priced from $919. Aura at Midtown has the second lowest priced unit, which is a 1 Bed apartment currently listed from $991. Here are the most affordable Midtown apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Melrose3130 | S1 Renovated | Studio,1BA | $919 |
| Aura at Midtown | 1x1 714sq Classic | 1BR,1BA | $991 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1,065 |
| Midtown Flats | A1 | 1BR,1BA | $1,099 |
| Ellis Midtown | 1x1 | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Midtown, AZ
As of April 16, 2026 the best value apartment in the Midtown area is the $1.77 price per square foot 344 E Virginia Cir Model at 344 E Virginia Cir, Unit 344 E Virginia Circle in the in the South Phoenix neighborhood starting from $1,850. The second greatest value Midtown apartment is the 340 E Virginia Cir Model at 340 E Virginia Cir, Unit 340 starting at $1,950 with a $1.86 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Midtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 344 E Virginia Cir, Unit 344 E Virginia Circle | 344 E Virginia Cir | 2BR,1BA | $1.77 |
| 340 E Virginia Cir, Unit 340 | 340 E Virginia Cir | 2BR,1BA | $1.86 |
| 60 at Melrose | 2 bed 2 bath | 2BR,2BA | $1.58 |
| Aura at Midtown | 1x1 780sf Reno | 1BR,1BA | $1.51 |
| The Hawthorne | The Monroe | 1BR,1BA | $1.66 |
| Urbana at 11th | Two Bed One Bath | 2BR,1BA | $1.53 |
| Ellis Midtown | 1x1 | 1BR,1BA | $1.64 |
| The Station on Central | A1 | 1BR,1BA | $1.86 |
| Mozaic at Steele Park | The Willow | 1BR,1BA | $1.64 |
| The Wexler Apartments | 1X1 D with Patio Reno | 1BR,1BA | $1.83 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleA 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.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleExpert'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
Read ArticleQuick 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.
Pet Friendly LifestyleMidtown, Phoenix, AZ
Ranked #94
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Midtown
What type of rentals are currently available in Midtown?
There are currently 175 Apartments for Rent in Midtown, AZ with pricing that ranges from $799 to $7,500. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown ranging from $795 to $8,495.
What is the current price range for Rental Homes in Midtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown ranges from $795 to $8,495 with an average monthly rent of $3,333.
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

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).

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.

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.

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.