Cheap Apartments for Rent in the Roosevelt Neighborhood of Phoenix, AZ from $500 (102 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Roosevelt area of Phoenix.

close
View Me
Adara
Rent Specials
$692 - $3,162
Total Monthly Price

Total Monthly Price

Base Rent
$692 - $3,162

Total Monthly Price
Varies
Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
  • Verified
  • Customer Reviewed
  • Smoke Free

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.

close
View Me
sora
Rent Specials
$985 - $1,628
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,628

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

sora

355 N Central AvePhoenix, AZ 85004
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Derby
Rent Specials
$1,099 - $5,510
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $5,510

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Derby

800 N 2nd StPhoenix, AZ 85004
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
The Stewart
Rent Specials
$1,206 - $4,302
Total Monthly Price

Total Monthly Price

Base Rent
$1,206 - $4,302

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Stewart

800 N Central AvePhoenix, AZ 85003
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Ragsdale
Rent Specials
$1,274 - $2,324
Total Monthly Price

Total Monthly Price

Base Rent
$1,274 - $2,324

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Ragsdale

1150 E Washington StPhoenix, AZ 85034
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Konrad
Rent Specials
$1,338 - $3,428
Total Monthly Price

Total Monthly Price

Base Rent
$1,338 - $3,428

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Konrad

901 E Van Buren StPhoenix, AZ 85006
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 1118 E Roosevelt St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

1118 E Roosevelt St, Unit 1

1118 E Roosevelt St
PhoenixAZ85006
close
View Me
Rosie
Rent Specials
$1,354 - $3,325
Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $3,325

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Rosie

625 N 2nd AvePhoenix, AZ 85003
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Skye on 6th
Rent Specials
$1,381 - $4,855
Total Monthly Price

Total Monthly Price

Base Rent
$1,381 - $4,855

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Skye on 6th

817 N 6th StPhoenix, AZ 85004
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
44 Monroe
Rent Specials
$1,404 - $6,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,404 - $6,496

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

44 Monroe

44 W Monroe StPhoenix, AZ 85003
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

close
View Me
601 Pax
Rent Specials
$1,474 - $2,617
Total Monthly Price

Total Monthly Price

Base Rent
$1,474 - $2,617

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

601 Pax

601 W Fillmore StPhoenix, AZ 85003
Student Housing
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
The Ryan
Rent Specials
$1,582 - $3,595
Total Monthly Price

Total Monthly Price

Base Rent
$1,582 - $3,595

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Ryan

188 E Jefferson StPhoenix, AZ 85004
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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

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 ListingModel NameBed/BathPriced From
AdaraCo-living 4AStudio,1BA$692
829 N 4th AveStudio, 1 bathStudio,1BA$775
TerraceVue1st Floor 1 Bedroom1BR,1BA$895
McCarty on Monroe1 Bedroom (C)1BR,1BA$930
AlturaS2 - AffordableStudio,1BA$949
soraThe Retreat3BR,3BA$985
Carol MaryOne Bedroom1BR,1BA$999
VB on 12thB1 - 1 Bedroom 1 Bathroom1BR,1BA$1,051
ANOVA Central StationCentral Station S1Studio,1BA$1,096
1301 W Monroe St0 Beds, 1 BathsStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
8th and Row Townhomes2 Bedroom2BR,2.5BA$1.72
McCarty on Monroe1 Bedroom (C)1BR,1BA$0.99
The Met at 3rd and FillmoreChelsea1BR,1BA$1.88
Roosevelt SquareStudio Loft - ALStudio ,1BA$2.02
Coronado Court Apartment Homes1/11BR,1BA$1.84
ReNue Downtown ApartmentsA - The Arena1BR,1BA$1.88
Arts District ApartmentsDa Vinci1BR,1BA$2.02
601 PaxA11BR,1BA$2.15
1301 W Monroe St0 Beds, 1 BathsStudio ,1BA$1.82
Carol MaryOne Bedroom1BR,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 Article
Decorative image

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.

Read Article
Decorative image

Expert'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 Article
Decorative image

Real 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Roosevelt, Phoenix, AZ

Ranked #21

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

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

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).

decorative image for Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters article

Expert's 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.

decorative image for A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

A Phoenix Expert's 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.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.