Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (95 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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property at 3011 N 38th St

3011 N 38th St

PhoenixAZ85018

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property at 1220 N 44th St

1220 N 44th St

PhoenixAZ85008

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property at 3416 N 44th St

3416 N 44th St

PhoenixAZ85018
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Sunrise Villas
Studio to 3 Bedroom Apartments

Sunrise Villas

4141-4142 N 45th PlPhoenix, AZ 85018
  • Utilities Included
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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 $825. Terrasol has the second lowest priced unit, which is a 1 Bed apartment currently listed from $879. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Prados Apartments at ArcadiaS1Studio,1BA$825
TerrasolA11BR,1BA$879
Senara Apartments0 bedroom, 1 BathroomStudio,1BA$880
Papago Gardens ApartmentsSantorini Villas - 1 Bedroom1BR,1BA$896
Monterey VillageS1 | StudioStudio,1BA$899
Harbor View 20X1 NO w/dStudio,1BA$945
La TerrazaAlbaStudio,1BA$982
Arcadia on 49thSTUDIOStudio,1BA$988
Papago VistaMedium One Bedroom1BR,1BA$1,025
Parq on 50th ApartmentsWillowStudio,1BA$1,041

Best Value Apartments for Rent in Sherwood Towne, AZ

As of June 12, 2025 the best value apartment in the Sherwood Towne area is the $1.46 price per square foot 2x2 Model at The Clubhouse at Arcadia in the in the South Phoenix neighborhood starting from $1,599. The second greatest value Sherwood Towne apartment is the B2 Townhome Model at Parq at East Arcadia starting at $1,463 with a $1.38 price per square foot in the Downtown 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.
The Clubhouse at Arcadia2x22BR,2BA$1.46
Parq at East ArcadiaB2 Townhome2BR,1.5BA$1.38
Papago Crossing2x2 Reno2BR,2BA$1.43
New Horizons2 Bed 2 Bath2BR,2BA$1.47
La AlegreTwo Bedroom w/ Garage2BR,2BA$1.68
Cortland Red MountainAdams1BR,1BA$1.77
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
TerrasolA11BR,1BA$1.42
Papago VistaMedium One Bedroom1BR,1BA$1.71
Papago Gardens ApartmentsSantorini Villas - 1 Bedroom1BR,1BA$1.60

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
Sherwood Towne, Phoenix, AZ

Ranked #44

Among neighborhoods in Phoenix, AZ 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 a cheap apartment in Sherwood Towne?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherwood Towne is under $1,041.

What is the price of a cheap apartment in Sherwood Towne?

The cheapest apartment in Sherwood Towne is Terrasol which is listed at $879, while the average apartment in Sherwood Towne costs $22,155.

What types of apartments are the cheapest in Sherwood Towne?

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 42 regular apartments in Sherwood Towne 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 Sherwood Towne?

Cheap apartments in Sherwood Towne have an average cost of $102 which is $22,053 cheaper than the average rent for all rentals in Sherwood Towne.

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.

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