Cheap Homes for Rent in Park Place Neighborhood of Phoenix, AZ from $700 (16 Rentals)

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

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.

property at 1248 S Vineyard

1248 S Vineyard

MesaAZ85210
property at 1248 S Vineyard

1248 S Vineyard

MesaAZ85210

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.

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.

property at 461 W Holmes Ave

461 W Holmes Ave

MesaAZ85210

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 $925. Central on Broadway has the second lowest priced unit, which is a Studio apartment currently listed from $930. Here are the most affordable Park Place apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
WaterstoneStudio S1-380Studio,1BA$925
Central on BroadwayAStudio,1BA$930
San Jose Manor0BR/1.0BAStudio,1BA$939
Madera Point ApartmentsA11BR,1BA$941
PennytreeS1Studio,1BA$950

Best Value Apartments for Rent in Park Place, AZ

As of October 15, 2025 the best value apartment in the Park Place area is the $0.99 price per square foot B1 Model at Avenue 8 in the in the South Phoenix neighborhood starting from $1,093. The second greatest value Park Place apartment is the 2x2 1062 Model at Waterford Place starting at $1,464 with a $1.38 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.
Avenue 8B12BR,2BA$0.99
Waterford Place2x2 10622BR,2BA$1.38
La Costa at Dobson RanchC22BR,2BA$1.34
Westmount at Urban TrailsB12BR,1BA$1.45
Clare Feldstadt ITwo Bedroom2BR,1BA$1.22
Sorrento ApartmentsTwo-Bedroom, Two-Bathroom (A)2BR,2BA$1.48
Twin PalmsTwo-Bedroom Two-Bathroom2BR,2BA$1.49
San PosadaONE BED/ONE BATH (241-1a)1BR,1BA$1.42
Sahara and Playa Palms1x1 WD - G1BR,1BA$1.46
The JuliaOne Bedroom1BR,1BA$1.53

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 #42

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Park Place

What type of rentals are currently available in Park Place?

There are currently 128 Apartments for Rent in Park Place, AZ with pricing that ranges from $899 to $13,600. There are also 129 Single Family Homes for rent, Condos, and Townhome rentals currently available in Park Place ranging from $700 to $8,000.

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 $700 to $8,000 with an average monthly rent of $2,147.

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 $1,649 to $3,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $8,000. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,550.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.