Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (139 Rentals)

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

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Terrasol
Rent Specials
$896 - $3,235
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$896 - $3,235
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1 to 2 Bedroom Apartments Available Now

Terrasol

1010 N 48th StPhoenix, AZ 85008
Affordability
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  • Customer Reviewed
  • 3D Tour

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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Monterey Village
Rent Specials
$991 - $1,594
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$991 - $1,594
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Studio to 2 Bedroom Apartments Available Now

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
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  • Low Income

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.

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Alanza Place
Rent Specials
$1,255 - $3,589
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$1,255 - $3,589
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1 to 3 Bedroom Apartments Available Now

Alanza Place

1121 N 44th StPhoenix, AZ 85008
Corporate Housing
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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.

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Arcadia Cove
Rent Specials
$1,292 - $2,248
Total Monthly Price

Total Monthly Price

Base Rent
$1,292 - $2,248
Total Monthly Price
$1,292 - $2,248
1 to 3 Bedroom Apartments Available Now

Arcadia Cove

2252 N 44th StPhoenix, AZ 85008
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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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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.

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Sherwood Towne, Phoenix, AZ Local Guide

Cheapest Available Sherwood Towne Apartments for Rent

 

The cheapest available apartment rental in the Sherwood Towne area of Phoenix, AZ is a Studio unit found at Prados Apartments at Arcadia priced from $799. San Rivello has the second lowest priced unit, which is a Studio apartment currently listed from $825. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Prados Apartments at ArcadiaS1Studio,1BA$799
San RivelloAlbaStudio,1BA$825
Papago VistaJunior One Bedroom1BR,1BA$850
The Marlowe1x11BR,1BA$895
Arcadia Lofts1bd/1ba1BR,1BA$899
DwellStudioStudio,1BA$899
Santorini Villa Apartments1 Bedroom Santorini1BR,1BA$900
Papago Gardens ApartmentsSantorini Villas - 1 Bedroom1BR,1BA$900
Senara ApartmentsA3 Classic1BR,1BA$920
Colonia1A1BR,1BA$950

Best Value Apartments for Rent in Sherwood Towne, AZ

As of July 04, 2026 the best value apartment in the Sherwood Towne area is the $1.55 price per square foot 32A Model at MAA Camelback in the in the South Scottsdale neighborhood starting from $2,293. The second greatest value Sherwood Towne apartment is the B1 Renovated Model at Palazzo Townhomes starting at $1,870 with a $1.53 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Sherwood Towne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
MAA Camelback32A3BR,2BA$1.55
Palazzo TownhomesB1 Renovated2BR,2BA$1.53
Villas at PapagoTwo Bedroom Villas2BR,1BA$0.95
The Clubhouse at Arcadia2x22BR,2BA$1.55
Arcadia CoveB22BR,2BA$1.56
Spengler Manor Condominiums2 Beds, 1 Baths2BR,1BA$1.53
Shadow Ridge Apartments2 bedroom, 1 bath2BR,1BA$1.53
Arcadia Lofts1bd/1ba1BR,1BA$1.12
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
TerrasolB12BR,1BA$1.33

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.

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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.

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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

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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.

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Pet Friendly Lifestyle
Sherwood Towne, Phoenix, AZ

Ranked #34

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Sherwood Towne, Phoenix, AZ

School data provided by Great Schools

Frequently Asked Questions about Cheap Sherwood Towne Apartments

What is the Cheapest Studio apartment in Sherwood Towne?

Currently the most affordable Cheap Studio Apartment in Sherwood Towne is at Prados Apartments at Arcadia listed at $799.

How much is rent for a Cheap One Bedroom Sherwood Towne Apartment?

The lowest price for a Cheap One Bedroom Sherwood Towne Apartment is $850 at Papago Vista.

What is the lowest price for a Cheap Two Bedroom Sherwood Towne Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sherwood Towne is starting from $955 at Terrasol.

What is the most affordable Sherwood Towne Three Bedroom Apartment?

The best deal on a cheap Sherwood Towne Three Bedroom Apartment rental is at SolVida Central and starts from $2,070.

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.

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