
Cheap Apartments for Rent in the Roosevelt Neighborhood of Phoenix, AZ from $500 (102 Rentals)
Search the lowest-cost Apartments available for rent right now in the Roosevelt area of Phoenix.


1216 W Roosevelt St

829 N 4th Ave

Ambassador West Apartments

1145-1147 W Fillmore St

328 N 11th Pl

TerraceVue

1229 W Pierce St

1507 N 15th Ave

1509 N 15th Ave
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.

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sora

Carol Mary

VB on 12th

The Continental

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Derby

821 North 3rd St

X Phoenix

Roosevelt Square

1309 W Taylor St

712 W Taylor St
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.

129 N 11th Ave

302 E Monte Vista Rd

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137 N 11th Ave, Unit A

ReNue Downtown Apartments

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The Stewart

Portrait at Hance Park

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Ragsdale

Union at Roosevelt I and II

Circa Central Avenue

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Konrad
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.

918 E Garfield St

1118 E Roosevelt St, Unit 1

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Rosie

iLuminate Urban Apartment Homes

Arts District Apartments

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Skye on 6th

AVE Phoenix Sky

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44 Monroe

Lydian

The McKinley
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.

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601 Pax

Maeve Central Station

Ray Phoenix

Adeline Luxury Living

PALMTower

AVE Phoenix Terra

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The Met at 3rd and Fillmore

1016 E McKinley St, Unit 1016

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The Ryan

Linear Apartment Homes
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Roosevelt, Phoenix, AZ Local Guide

How much does it cost to rent an apartment in Roosevelt?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Roosevelt Studio Apartments | $1,470 | $692 | $3,297 |
| Roosevelt 1 Bedroom Apartments | $2,052 | $699 | $6,267 |
| Roosevelt 2 Bedroom Apartments | $2,966 | $1,195 | $8,455 |
| Roosevelt 3 Bedroom Apartments | $3,606 | $985 | $7,048 |
| Roosevelt 4 Bedroom Apartments | $1,373 | $970 | $3,162 |
Browse Apartments in this Neighborhood
There are currently 102 rentals with your search options within a 1 mile radius of the Roosevelt Neighborhood of Phoenix, AZ.
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Roosevelt, Phoenix, AZ Local Guide
- Nearby Phoenix neighborhoods
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Cheapest Available Roosevelt Apartments for Rent
 The cheapest available apartment rental in the Roosevelt area of Phoenix, AZ is a Studio unit found at Adara priced from $692. 829 N 4th Ave has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Roosevelt apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adara | Co-living 4A | Studio,1BA | $692 |
| 829 N 4th Ave | Studio, 1 bath | Studio,1BA | $775 |
| TerraceVue | 1st Floor 1 Bedroom | 1BR,1BA | $895 |
| McCarty on Monroe | 1 Bedroom (C) | 1BR,1BA | $930 |
| Altura | S2 - Affordable | Studio,1BA | $949 |
| sora | The Retreat | 3BR,3BA | $985 |
| Carol Mary | One Bedroom | 1BR,1BA | $999 |
| VB on 12th | B1 - 1 Bedroom 1 Bathroom | 1BR,1BA | $1,051 |
| ANOVA Central Station | Central Station S1 | Studio,1BA | $1,096 |
| 1301 W Monroe St | 0 Beds, 1 Baths | Studio,1BA | $1,099 |
Best Value Apartments for Rent in Roosevelt, AZ
As of July 12, 2026 the best value apartment in the Roosevelt area is the $1.72 price per square foot 2 Bedroom Model at 8th and Row Townhomes in the in the South Phoenix neighborhood starting from $2,395. The second greatest value Roosevelt apartment is the 1 Bedroom (C) Model at McCarty on Monroe starting at $930 with a $0.99 price per square foot in the Central City neighborhood. Here is today’s list of the best values for Roosevelt apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8th and Row Townhomes | 2 Bedroom | 2BR,2.5BA | $1.72 |
| McCarty on Monroe | 1 Bedroom (C) | 1BR,1BA | $0.99 |
| The Met at 3rd and Fillmore | Chelsea | 1BR,1BA | $1.88 |
| Roosevelt Square | Studio Loft - AL | Studio ,1BA | $2.02 |
| Coronado Court Apartment Homes | 1/1 | 1BR,1BA | $1.84 |
| ReNue Downtown Apartments | A - The Arena | 1BR,1BA | $1.88 |
| Arts District Apartments | Da Vinci | 1BR,1BA | $2.02 |
| 601 Pax | A1 | 1BR,1BA | $2.15 |
| 1301 W Monroe St | 0 Beds, 1 Baths | Studio ,1BA | $1.82 |
| Carol Mary | One Bedroom | 1BR,1BA | $1.90 |
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 LifestyleRoosevelt, Phoenix, AZ
Ranked #21
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Arizona including Roosevelt, 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 searching for the best amenities, and outdoor amenities like tennis courts, pet-friendly features, family-friendliness, proximity to transit, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Roosevelt Apartments
What is a cheap apartment in Roosevelt?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Roosevelt is under $1,099.
What is the price of a cheap apartment in Roosevelt?
The cheapest apartment in Roosevelt is TerraceVue which is listed at $895, while the average apartment in Roosevelt costs $4,088.
What types of apartments are the cheapest in Roosevelt?
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 832 regular apartments in Roosevelt 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 Roosevelt?
Cheap apartments in Roosevelt have an average cost of $1,435 which is $2,653 cheaper than the average rent for all rentals in Roosevelt.
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 Expert's 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.

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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.
Articles, How-To's, and Tips

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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.