Cheap Apartments for Rent in the Park Place Neighborhood of Phoenix, AZ from $700 (67 Rentals)

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

property at 1651 S Dobson Rd

$988 - $1,323

Studio To 2 Bedroom Rentals

Available Now

1651 S Dobson Rd

MesaAZ85202

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1362 S Vineyard

$1,059 - $1,230

Studio To 1 Bedroom Rentals

Available Now

1362 S Vineyard

MesaAZ85210

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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property at 1248 S Vineyard

$1,099 - $1,350

1 To 2 Bedroom Rentals

Available Now

1248 S Vineyard

MesaAZ85210
property at 445 S Dobson Rd

$981 - $1,275

1 To 2 Bedroom Rentals

Available Now

445 S Dobson Rd

MesaAZ85202

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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Pine Gardens
2 Bedroom Apartments

Pine Gardens

206-212 W Southern AveMesa, AZ 85210
  • Utilities Included
property at 445 S Dobson Rd

$981

1 Bedroom, 1 Bath Condo for Rent

Available Now

445 S Dobson Rd

MesaAZ85202

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.

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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 $909. San Jose Manor has the second lowest priced unit, which is a Studio apartment currently listed from $939. Here are the most affordable Park Place apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
WaterstoneStudio S1-380Studio,1BA$909
San Jose Manor0BR/1.0BAStudio,1BA$939
The FlatsE1Studio,1BA$939
District at Fiesta ParkA1 - 1 Bed | 1 Bath1BR,1BA$942
PennytreeS1Studio,1BA$950
Central on BroadwayBStudio,1BA$960
The Place at El PradoA11BR,1BA$979
Emerald ApartmentsStudioStudio,1BA$995
Aspire MesaOne Bedroom1BR,1BA$999
The JuliaOne Bedroom1BR,1BA$1,001

Best Value Apartments for Rent in Park Place, AZ

As of December 19, 2025 the best value apartment in the Park Place area is the $1.49 price per square foot 2x2 1117 Model at Waterford Place in the in the South Phoenix neighborhood starting from $1,659. The second greatest value Park Place apartment is the B1 Model at Avenue 8 starting at $1,232 with a $1.12 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.
Waterford Place2x2 11172BR,2BA$1.49
Avenue 8B12BR,2BA$1.12
Lemon & Pear Tree Apartments2x2 G2BR,2BA$1.44
Villatree ApartmentsTwo Bedroom Two Bath2BR,2BA$1.48
Clare Feldstadt ITwo Bedroom2BR,1BA$1.22
San PosadaONE BED/ONE BATH (241-1a)1BR,1BA$1.42
Del Coronado1 Bedroom 1 Bath - A21BR,1BA$1.42
The JuliaOne Bedroom1BR,1BA$1.41
Aventerra at Dobson Ranch ApartmentsA11BR,1BA$1.48
The Place at El PradoA11BR,1BA$1.44

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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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.

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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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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.

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Pet Friendly Lifestyle
Park Place, Phoenix, AZ

Ranked #38

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 a cheap apartment in Park Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Place is under $1,001.

What is the price of a cheap apartment in Park Place?

The cheapest apartment in Park Place is District at Fiesta Park which is listed at $942, while the average apartment in Park Place costs $6,919.

What types of apartments are the cheapest in Park Place?

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 36 regular apartments in Park Place 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 Park Place?

Cheap apartments in Park Place have an average cost of $211 which is $6,708 cheaper than the average rent for all rentals in Park Place.

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

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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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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.

decorative image for A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

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.

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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

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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! 

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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.