
Cheap Homes for Rent in Park Place Neighborhood of Phoenix, AZ from $1,000 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Park Place area of Phoenix.


533 W Guadalupe Rd, Unit 1035

1535 W Capri Ave

623 W Guadalupe Rd

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.

1147 W Drummer Ave

530 S Alma School Rd

653 W Guadalupe Rd

530 S Alma School Rd

1920 W Lindner Ave, Unit UNIT 131

1645 W Baseline Rd
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747 S Ext Rd

715 S Ext Rd

2134 E Broadway Rd

Furnished Studio-Phoenix - Mesa - West

941 W Enid Cir

533 W Guadalupe Rd, Unit 1035
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.

830 S Dobson Rd
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 | $1,595 | $1,195 | $2,400 |
| Park Place 3 Bedroom Homes for Rent | $2,710 | $1,900 | $5,000 |
| Park Place 4 Bedroom Homes for Rent | $3,351 | $2,265 | $5,500 |
| Park Place 5 Bedroom Homes for Rent | $4,449 | $2,350 | $5,999 |
Browse Homes for Rent in this Neighborhood
There are currently 19 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterstone | Studio S1-380 | Studio,1BA | $888 |
| Pennytree | S1 | Studio,1BA | $900 |
| District at Fiesta Park | A1: 1 Bed 1 Bath | 1BR,1BA | $930 |
| Shorebird | Unfurnished Studio | 1BR,1BA | $949 |
| The Flats | E1 | Studio,1BA | $964 |
Best Value Apartments for Rent in Park Place, AZ
As of May 08, 2026 the best value apartment in the Park Place area is the $1.47 price per square foot 3x2a WD - G Model at Sahara and Playa Palms in the in the South Phoenix neighborhood starting from $1,750. The second greatest value Park Place apartment is the 2 Bed 2 Bath LG Model at Waterford Place starting at $1,574 with a $1.41 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. |
|---|---|---|---|
| Sahara and Playa Palms | 3x2a WD - G | 3BR,2BA | $1.47 |
| Waterford Place | 2 Bed 2 Bath LG | 2BR,2BA | $1.41 |
| Rise Valley Heights | B1 Bronze | 2BR,2BA | $1.26 |
| Lemon & Pear Tree Apartments | 2x2 G | 2BR,2BA | $1.34 |
| Clare Feldstadt I | Two Bedroom | 2BR,1BA | $1.22 |
| Sycamore Square Apartments | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.60 |
| San Posada | ONE BED/ONE BATH (241-1a) | 1BR,1BA | $1.56 |
| Del Coronado | 1 Bedroom 1 Bath - A1 | 1BR,1BA | $1.55 |
| The Julia | One Bedroom | 1BR,1BA | $1.54 |
| 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 #34
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet 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 120 Apartments for Rent in Park Place, AZ with pricing that ranges from $888 to $3,272. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Place ranging from $1,000 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 $1,000 to $5,999 with an average monthly rent of $2,645.
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 $1,750 to $3,272, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,265 and Four Bedroom Apartments start at $2,345.
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).

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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
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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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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.
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
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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.