Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (98 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 1220 N 44th St

1220 N 44th St

PhoenixAZ85008

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property at 3416 N 44th St

3416 N 44th St

PhoenixAZ85018
Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at Santorini Villa Apartments priced from $799. Prados Apartments at Arcadia has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Santorini Villa Apartments1 Bedroom1BR,1BA$799
Prados Apartments at ArcadiaS1Studio,1BA$850
Papago Gardens ApartmentsSantorini Villas - 1 Bedroom1BR,1BA$896
Parq on 50th ApartmentsWillowStudio,1BA$903
Papago VistaJunior One Bedroom1BR,1BA$925
Senara Apartments0 bedroom, 1 bathroomStudio,1BA$930
Papago Crossing1x11BR,1BA$950
Shadow Ridge ApartmentsStudioStudio,1BA$950
Arcadia on 49thSTUDIOStudio,1BA$953
Scottsdale 59RoanokeStudio,1BA$989

Best Value Apartments for Rent in Sherwood Towne, AZ

As of July 31, 2025 the best value apartment in the Sherwood Towne area is the $1.08 price per square foot Two Bedroom Model at Villas at Papago in the in the South Phoenix neighborhood starting from $1,225. The second greatest value Sherwood Towne apartment is the B2 Townhome Model at Parq at East Arcadia starting at $1,459 with a $1.37 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.
Villas at PapagoTwo Bedroom2BR,1BA$1.08
Parq at East ArcadiaB2 Townhome2BR,1.5BA$1.37
The Clubhouse at Arcadia1x11BR,1BA$1.35
New Horizons2 Bed 2 Bath2BR,2BA$1.36
Papago Park Apartments2x22BR,2BA$1.50
EstiloTwo Bedroom2BR,1BA$1.48
4021 E Moreland St, Unit 34021 E Moreland St2BR,1BA$1.38
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
TerrasolB12BR,1BA$1.48
Santorini Villa Apartments1 Bedroom1BR,1BA$1.43

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Sherwood Towne, Phoenix, AZ

Ranked #32

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

Pet Friendliness Lifestyle Score

3.5
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 $989.

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

The cheapest apartment in Sherwood Towne is Santorini Villa Apartments which is listed at $799, while the average apartment in Sherwood Towne costs $2,256.

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 23 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 $117 which is $2,139 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.

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

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

Written by: Christine Leonard, Esq.

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decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.