Cheap Apartments for Rent in the Park Place Neighborhood of Phoenix, AZ from $700 (74 Rentals)

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

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The Flats
Rent Specials
$945 - $1,180
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$945 - $1,180
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Studio to 2 Bedroom Apartments Available Now

The Flats

1045 S San Jose StMesa, AZ 85202
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Villatree Apartments
Rent Specials
$991 - $1,759
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$991 - $1,759
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Studio to 2 Bedroom Apartments Available Now

Villatree Apartments

1750 S Price RdTempe, AZ 85281
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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.

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property at 1718 S Longmore

$1,000

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$1,000
Total Monthly Price
$1,000

Studio, 1 Bath Townhome for Rent

Available Now

1718 S Longmore

MesaAZ85202
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Villetta
Rent Specials
$1,048 - $1,794
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$1,048 - $1,794
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Studio to 2 Bedroom Apartments Available Now

Villetta

1840 W Emelita AveMesa, AZ 85202
Furnished
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The Julia
Rent Specials
$1,100 - $1,613
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$1,100 - $1,613
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1 to 2 Bedroom Apartments Available Now

The Julia

546 S Country Club DrMesa, AZ 85210
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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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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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Be Mesa
Rent Specials
$1,268 - $4,121
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$1,268 - $4,121
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1 to 2 Bedroom Apartments Available Now

Be Mesa

510 S Extension RdMesa, AZ 85210
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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 715 S Ext Rd

$1,500

2 Bedroom Rentals

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715 S Ext Rd

MesaAZ85210
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The Joshua Apartments
Rent Specials
$1,535 - $2,252
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$1,535 - $2,252
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1 to 2 Bedroom Apartments Available Now

The Joshua Apartments

1711 S Extension RdMesa, AZ 85210
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From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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Park Place, Phoenix, AZ Local Guide

Cheapest Available Park Place Apartments for Rent

 

The cheapest available apartment rental in the Park Place area of Phoenix, AZ is a Studio unit found at Waterstone priced from $888. Pennytree has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Park Place apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
WaterstoneStudio S1-380Studio,1BA$888
PennytreeS1Studio,1BA$900
District at Fiesta ParkA1: 1 Bed 1 Bath1BR,1BA$908
The FlatsE1Studio,1BA$945
Rise at The DistrictA1 Classic1BR,1BA$945
ShorebirdUnfurnished Studio1BR,1BA$949
Sorrento ApartmentsOne-Bedroom, One-Bathroom (A)1BR,1BA$980
Stonegate FurnishedStudio FurnishedStudio,1BA$995
San Jose Manor1BR/1.0BA1BR,1BA$1,039
Broadway VistaOne Bedroom Large1BR,1BA$1,095

Best Value Apartments for Rent in Park Place, AZ

As of May 28, 2026 the best value apartment in the Park Place area is the $1.51 price per square foot 3x2a WD - G Model at Sahara and Playa Palms in the in the South Phoenix neighborhood starting from $1,799. The second greatest value Park Place apartment is the B1 Bronze Model at Rise Valley Heights starting at $1,385 with a $1.26 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sahara and Playa Palms3x2a WD - G3BR,2BA$1.51
Rise Valley HeightsB1 Bronze2BR,2BA$1.26
Lemon & Pear Tree Apartments2x2 G2BR,2BA$1.37
The CoveTwo Bedroom Two Bathroom Townhome2BR,2BA$1.39
Villatree ApartmentsTwo Bedroom One Bath2BR,1BA$1.40
Clare Feldstadt ITwo Bedroom2BR,1BA$1.22
Twin PalmsTwo-Bedroom Two-Bathroom2BR,2BA$1.45
Sycamore Square Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.53
Rise at The DistrictA1 Platinum1BR,1BA$1.50
District at Fiesta ParkA2: 1 Bed 1 Bath1BR,1BA$1.48

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Park Place, Phoenix, AZ

Ranked #36

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Park Place, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States including Park Place, Phoenix, and the greater Phoenix area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Park Place Apartments

What is the Cheapest Studio apartment in Park Place?

Currently the most affordable Cheap Studio Apartment in Park Place is at Waterstone listed at $888.

How much is rent for a Cheap One Bedroom Park Place Apartment?

The lowest price for a Cheap One Bedroom Park Place Apartment is $909 at District at Fiesta Park.

What is the lowest price for a Cheap Two Bedroom Park Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Park Place is starting from $1,100 at Clare Feldstadt I.

What is the most affordable Park Place Three Bedroom Apartment?

The best deal on a cheap Park Place Three Bedroom Apartment rental is at Sahara and Playa Palms and starts from $1,799.

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.

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