
Cheap Homes for Rent in Park Place Neighborhood of Phoenix, AZ from $800 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Park Place area of Phoenix.


461 W Holmes Ave

1718 S Longmore

61 W Southern Ave

818 S Westwood

859 S Ext Rd

530 S Alma School Rd
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.

623 W Guadalupe Rd

1101 S Sycamore

2134 E Broadway Rd

600 S Dobson Rd, Unit 126

653 W Guadalupe Rd, Unit 2015

530 S Alma School Rd

530 S Alma School Rd
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.

839 S Westwood-290, Unit 290

3030 S Alma School Rd

1331 W Baseline Rd

948 S Alma School Rd

2134 E Broadway Rd, Unit 1047

Furnished Studio-Phoenix - Mesa - West

461 W Holmes Ave, Unit 347
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.
Park Place, Phoenix, AZ Local Guide

How much does it cost to rent a home in Park Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Place 2 Bedroom Homes for Rent | $1,594 | $1,245 | $2,195 |
| Park Place 3 Bedroom Homes for Rent | $2,580 | $1,895 | $4,320 |
| Park Place 4 Bedroom Homes for Rent | $3,187 | $2,195 | $5,500 |
| Park Place 5 Bedroom Homes for Rent | $3,903 | $2,710 | $5,999 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 Clifford priced from $899. Shorebird has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Park Place apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clifford | S1 | Studio,1BA | $899 |
| Shorebird | Unfurnished Studio | Studio,1BA | $899 |
| Pennytree | S1 | Studio,1BA | $900 |
| District at Fiesta Park | A1: 1 Bed 1 Bath | 1BR,1BA | $938 |
| The Flats | E1 | Studio,1BA | $945 |
Best Value Apartments for Rent in Park Place, AZ
As of June 22, 2026 the best value apartment in the Park Place area is the $1.27 price per square foot B1 Bronze Model at Rise Valley Heights in the in the South Phoenix neighborhood starting from $1,395. The second greatest value Park Place apartment is the 2x2 G Model at Lemon & Pear Tree Apartments starting at $1,499 with a $1.44 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 | $1.27 |
| Lemon & Pear Tree Apartments | 2x2 G | 2BR,2BA | $1.44 |
| Clare Feldstadt I | Two Bedroom | 2BR,1BA | $1.22 |
| Sycamore Square Apartments | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.46 |
| Sahara and Playa Palms | 2x1 WD - G | 2BR,1BA | $1.52 |
| Del Coronado | 1 Bedroom 1 Bath - A2 | 1BR,1BA | $1.53 |
| Central on Broadway | D | 1BR,1BA | $1.44 |
| The Julia | One Bedroom | 1BR,1BA | $1.55 |
| Rise at The District | A1 Platinum | 1BR,1BA | $1.50 |
| District at Fiesta Park | A2: 1 Bed 1 Bath | 1BR,1BA | $1.51 |
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.
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 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 ArticleReal 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.
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 #33
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
Washington Elementary School
School data provided by Great Schools
Frequently Asked Questions about Park Place
What type of rentals are currently available in Park Place?
There are currently 115 Apartments for Rent in Park Place, AZ with pricing that ranges from $899 to $4,608. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Place ranging from $875 to $5,999.
What is the current price range for Rental Homes in Park Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Park Place ranges from $875 to $5,999 with an average monthly rent of $2,271.
How much are larger Three and Four Bedroom Rentals in Park Place?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Park Place range from $1,735 to $3,257, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $4,320. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $3,630.
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

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.