Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (103 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
$807 - $2,383
Total Monthly Price

Total Monthly Price

Base Rent
$781 - $2,357
Required Monthly Fees
$26
Total Monthly Price
$807 - $2,383
1 to 2 Bedroom Apartments Available Now

Terrasol

1010 N 48th StPhoenix, AZ 85008
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Santorini Villa Apartments
$825 - $1,185
Total Monthly Price

Total Monthly Price

Base Rent
$725 - $1,085
Required Monthly Fees
$100
Total Monthly Price
$825 - $1,185
1 to 2 Bedroom Apartments Available Now

Santorini Villa Apartments

1207 N 48th StPhoenix, AZ 85008
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property at 3949 E Earll Dr

$895 - $2,575

1 To 3 Bedroom Rentals

Available Now

3949 E Earll Dr

PhoenixAZ85018

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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Monterey Village
Rent Specials
$907 - $1,663
Total Monthly Price

Total Monthly Price

Base Rent
$869 - $1,625
Required Monthly Fees
$38
Total Monthly Price
$907 - $1,663
Studio to 2 Bedroom Apartments Available Now

Monterey Village

4707 E McDowell RdPhoenix, AZ 85008
Affordability
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  • Low Income
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Parq on 50th Apartments
Rent Specials
$969 - $1,339
Total Monthly Price

Total Monthly Price

Base Rent
$820 - $1,190
Required Monthly Fees
$149
Total Monthly Price
$969 - $1,339
Studio to 2 Bedroom Apartments Available Now

Parq on 50th Apartments

5008 E Thomas RdPhoenix, AZ 85018
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Senara Apartments
Rent Specials
$972 - $2,622
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $2,550
Required Monthly Fees
$72
Total Monthly Price
$972 - $2,622
Studio to 2 Bedroom Apartments Available Now

Senara Apartments

5225-5227 E Thomas RdPhoenix, AZ 85018
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Parq at East Arcadia
Rent Specials
$1,051 - $1,752
Total Monthly Price

Total Monthly Price

Base Rent
$902 - $1,603
Required Monthly Fees
$149
Total Monthly Price
$1,051 - $1,752
1 to 2 Bedroom Apartments Available Now

Parq at East Arcadia

5401 E Thomas RdPhoenix, AZ 85018
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Papago Crossing
$1,063 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$987 - $1,674
Required Monthly Fees
$76
Total Monthly Price
$1,063 - $1,750
1 to 2 Bedroom Apartments Available Now

Papago Crossing

4530 E McDowell RdPhoenix, AZ 85008
Affordability
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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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property at 1241 N 48th St

$1,050 - $1,100

1 Bedroom Rentals

Available Now

1241 N 48th St

PhoenixAZ85008
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Modena
Rent Specials
$1,119 - $2,139
Total Monthly Price

Total Monthly Price

Base Rent
$1,091 - $2,111
Required Monthly Fees
$28
Total Monthly Price
$1,119 - $2,139
1 to 3 Bedroom Apartments Available Now

Modena

815 N 52nd StPhoenix, AZ 85008
Corporate Housing
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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

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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Arcadia Cove
Rent Specials
$1,295 - $2,342
Total Monthly Price

Total Monthly Price

Base Rent
$1,213 - $2,260
Required Monthly Fees
$82
Total Monthly Price
$1,295 - $2,342
1 to 3 Bedroom Apartments Available Now

Arcadia Cove

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Alanza Place
$1,330 - $2,517
Total Monthly Price

Total Monthly Price

Base Rent
$1,320 - $2,507
Required Monthly Fees
$10
Total Monthly Price
$1,330 - $2,517
1 to 3 Bedroom Apartments Available Now

Alanza Place

1121 N 44th StPhoenix, AZ 85008
Corporate Housing
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $750. Terrasol has the second lowest priced unit, which is a 1 Bed apartment currently listed from $807. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Prados Apartments at ArcadiaS1Studio,1BA$750
TerrasolA11BR,1BA$807
Papago VistaJunior One Bedroom1BR,1BA$825
San RivelloAlbaStudio,1BA$825
Santorini Villa Apartments1 Bedroom1BR,1BA$825
Harbor View 2StudioStudio,1BA$845
Boulder Creek ApartmentsA11BR,1BA$878
Papago Gardens ApartmentsSantorini Villas - 2 Bedroom2BR,2BA$899
Arcadia on 49thSTUDIOStudio,1BA$902
Monterey VillageA1 | 1x1 | Small Affordable1BR,1BA$907

Best Value Apartments for Rent in Sherwood Towne, AZ

As of February 17, 2026 the best value apartment in the Sherwood Towne area is the $0.97 price per square foot Two Bedroom Model at Villas at Papago in the in the South Phoenix neighborhood starting from $1,100. The second greatest value Sherwood Towne apartment is the 2x2 Model at The Clubhouse at Arcadia starting at $1,599 with a $1.46 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 Bedroom2BR,1BA$0.97
The Clubhouse at Arcadia2x22BR,2BA$1.46
Arcadia 522x1a2BR,1BA$1.35
The EarllTwo Bedroom2BR,2BA$1.40
4127 Arcadia2X1A2BR,1BA$1.43
Arcadia Lofts1bd/1ba1BR,1BA$1.37
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
Fountain Oaks ApartmentsB-2x12BR,1BA$1.52
TerrasolA11BR,1BA$1.30
Santorini Villa Apartments1 Bedroom1BR,1BA$1.47

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 #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 $750.

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

The lowest price for a Cheap One Bedroom Sherwood Towne Apartment is $807 at Terrasol.

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 $899 at Santorini Villa Apartments.

What is the most affordable Sherwood Towne Three Bedroom Apartment?

The best deal on a cheap Sherwood Towne Three Bedroom Apartment rental is at The Sycamore at Scottsdale and starts from $1,675.

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

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.

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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

Written by: Lauren Harrington

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.