Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (125 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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Senara Apartments
Rent Specials
$900 - $1,530
Total Monthly Price

Total Monthly Price

Base Rent
$828 - $1,458
Required Monthly Fees
$72
Total Monthly Price
$900 - $1,530
Studio to 2 Bedroom Apartments Available Now

Senara Apartments

5225-5227 E Thomas RdPhoenix, AZ 85018
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Monterey Village
Rent Specials
$909 - $1,509
Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,475
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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

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Parq on 50th Apartments
$987 - $1,570
Total Monthly Price

Total Monthly Price

Base Rent
$836 - $1,419
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Parq on 50th Apartments

5008 E Thomas RdPhoenix, AZ 85018
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Modena
Rent Specials
$1,079 - $2,229
Total Monthly Price

Total Monthly Price

Base Rent
$1,051 - $2,201
Required Monthly Fees
$28
Total Monthly Price
$1,079 - $2,229
1 to 3 Bedroom Apartments Available Now

Modena

815 N 52nd StPhoenix, AZ 85008
Corporate Housing
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  • Customer Reviewed
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Parq at East Arcadia
$1,085 - $1,701
Total Monthly Price

Total Monthly Price

Base Rent
$934 - $1,550
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Parq at East Arcadia

5401 E Thomas RdPhoenix, AZ 85018
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.

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Arcadia Walk
$1,115 - $1,650
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,585
Required Monthly Fees
$65
Total Monthly Price
$1,115 - $1,650
1 to 2 Bedroom Apartments Available Now

Arcadia Walk

2606 N 44th StPhoenix, AZ 85008
Affordability
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  • Customer Reviewed
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Papago Crossing
Rent Specials
$1,139 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $1,724
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Papago Crossing

4530 E McDowell RdPhoenix, AZ 85008
Affordability
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Arcadia Cove
Rent Specials
$1,153 - $2,177
Total Monthly Price

Total Monthly Price

Base Rent
$1,071 - $2,095
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Arcadia Cove

2252 N 44th StPhoenix, AZ 85008
Affordability
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  • Customer Reviewed
  • 3D Tour

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

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Alanza Place
$1,313 - $2,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,303 - $2,365
Required Monthly Fees
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Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Alanza Place

1121 N 44th StPhoenix, AZ 85008
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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property at 2336 N 46th St

$1,449 - $1,495

2 Bedroom Rentals

Available Now

2336 N 46th St

PhoenixAZ85008

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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 The Marlowe priced from $795. Prados Apartments at Arcadia has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Marlowe0x1Studio,1BA$795
Prados Apartments at ArcadiaS1Studio,1BA$799
TerrasolA11BR,1BA$848
Papago VistaJunior One Bedroom1BR,1BA$850
Arcadia on 49thSTUDIOStudio,1BA$882
Monterey VillageA1 | 1x1 | Small Affordable1BR,1BA$909
Arcadia Villa Apartments1 Bed / 1 Bath A11BR,1BA$921
Senara ApartmentsE1 Renovated1BR,1BA$960
Boulder Creek ApartmentsA11BR,1BA$982
Parq on 50th ApartmentsWillowStudio,1BA$987

Best Value Apartments for Rent in Sherwood Towne, AZ

As of April 04, 2026 the best value apartment in the Sherwood Towne area is the $1.11 price per square foot Two Bedroom Villas Model at Villas at Papago in the in the South Phoenix neighborhood starting from $1,250. The second greatest value Sherwood Towne apartment is the 2BR/2.0BA Model at Papago Del Sol starting at $1,295 with a $1.38 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.
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.11
Papago Del Sol2BR/2.0BA2BR,2BA$1.38
The EarllTwo Bedroom2BR,2BA$1.40
Residences at FortyTwo25 ApartmentsSaguaro1BR,1BA$1.49
4127 Arcadia2X1A2BR,1BA$1.49
6125 E Indian School Rd, Unit 2206125 E Indian School Rd1BR,1BA$1.21
Arcadia Lofts1bd/1ba1BR,1BA$1.37
Park Paloma1 Bedroom 1 Bathroom1BR,1BA$1.58
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
TerrasolA11BR,1BA$1.37

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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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Pet Friendly Lifestyle
Sherwood Towne, Phoenix, AZ

Ranked #35

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 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 $987.

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

The cheapest apartment in Sherwood Towne is Terrasol which is listed at $848, while the average apartment in Sherwood Towne costs $5,284.

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 59 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 $244 which is $5,040 cheaper than the average rent for all rentals in Sherwood Towne.

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

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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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Experts 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.

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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

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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.

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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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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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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

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Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.