
Cheap Apartments for Rent in the Park Place Neighborhood of Phoenix, AZ from $700 (91 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Place area of Phoenix.


Pennytree

Waterstone

San Jose Manor

District at Fiesta Park

Central on Broadway

Total Monthly Price
Villatree Apartments

623 W Guadalupe Rd

Total Monthly Price
The Flats

Emerald Apartments
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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.

1030 S Dobson Rd

The Quin

Willow Creek

Garden Place

461 W Holmes Ave

Shorebird

Total Monthly Price
The Julia

Total Monthly Price
Sandstone Apartments

Fiesta Village Furnished - Utilities Included

Clare Feldstadt I
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Twin Palms

Verona Park

Total Monthly Price
Madera Point Apartments

Stonegate Furnished

Broadway Vista

Total Monthly Price
Aventerra at Dobson Ranch Apartments

1362 S Vineyard

Total Monthly Price
Aspire Mesa

Beacon at 601

1432 W Emerald Ave
Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

The Place at El Prado

Sahara and Playa Palms

530 S Alma School Rd

Villa Fiesta

Total Monthly Price
Vista Valley

Waterford Place

Total Monthly Price
2146 West Isabella #254, Unit Isabella Ave Condo in Dobson Villas

Total Monthly Price
Westmount at the District

Total Monthly Price
The Joshua Apartments

530 S Alma School Rd
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Total Monthly Price
Southern Avenue Villas

530 S Alma School Rd

Total Monthly Price
Be Mesa

Del Coronado

1406 W Emerald Ave

Lemon & Pear Tree Apartments

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1920 W Lindner Ave

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1980 E Broadway Rd, Unit 1 Bedroom Apartment for r

Exchange on the 8

2333 E Southern Ave
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Park Place, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Park Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Place Studio Apartments | $1,080 | $899 | $2,010 |
| Park Place 1 Bedroom Apartments | $1,285 | $942 | $2,368 |
| Park Place 2 Bedroom Apartments | $1,552 | $1,095 | $2,592 |
| Park Place 3 Bedroom Apartments | $2,301 | $1,849 | $3,257 |
Browse Apartments in this Neighborhood
There are currently 91 rentals with your search options within a 2 mile radius of the Park Place Neighborhood of Phoenix, AZ.
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Park Place, Phoenix, AZ Local Guide
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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 $900. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterstone | Studio S1-380 | Studio,1BA | $900 |
| Pennytree | S1 | Studio,1BA | $900 |
| District at Fiesta Park | A1 - 1 Bed | 1 Bath | 1BR,1BA | $942 |
| Central on Broadway | A | Studio,1BA | $987 |
| The Flats | E1 | Studio,1BA | $1,015 |
| San Jose Manor | 1BR/1.0BA | 1BR,1BA | $1,039 |
| Shorebird | Unfurnished Studio | Studio,1BA | $1,059 |
| The Julia | One Bedroom | 1BR,1BA | $1,060 |
| Rise at The District | A1 Classic | 1BR,1BA | $1,095 |
| The Quin | Two Bedroom Renovated | 2BR,1BA | $1,095 |
Best Value Apartments for Rent in Park Place, AZ
As of April 02, 2026 the best value apartment in the Park Place area is the $1.26 price per square foot B1 Bronze Model at Rise Valley Heights in the in the South Phoenix neighborhood starting from $1,385. The second greatest value Park Place apartment is the 2 Bed 2 Bath Model at Waterford Place starting at $1,484 with a $1.40 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Rise Valley Heights | B1 Bronze | 2BR,2BA | $1.26 |
| Waterford Place | 2 Bed 2 Bath | 2BR,2BA | $1.40 |
| Lemon & Pear Tree Apartments | 2x2 G | 2BR,2BA | $1.38 |
| Sahara and Playa Palms | 2x2 WD | 2BR,2BA | $1.23 |
| Villatree Apartments | Two Bedroom One Bath | 2BR,1BA | $1.49 |
| Clare Feldstadt I | Two Bedroom | 2BR,1BA | $1.22 |
| The Quin | Two Bedroom Renovated | 2BR,1BA | $1.35 |
| San Posada | ONE BED/ONE BATH (241-1a) | 1BR,1BA | $1.56 |
| The Julia | One Bedroom | 1BR,1BA | $1.50 |
| District at Fiesta Park | A2 - 1 Bed | 1 Bath | 1BR,1BA | $1.52 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleA Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 LifestylePark Place, Phoenix, AZ
Ranked #43
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $900.
How much is rent for a Cheap One Bedroom Park Place Apartment?
The lowest price for a Cheap One Bedroom Park Place Apartment is $942 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 $1,095 at The Quin.
What is the most affordable Park Place Three Bedroom Apartment?
The best deal on a cheap Park Place Three Bedroom Apartment rental is at The Place at El Prado and starts from $2,100.
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

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.

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.