Cheap Apartments for Rent in the Sherwood Towne Neighborhood of Phoenix, AZ from $600 (105 Rentals)

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

property at 5215 E Thomas Rd

5215 E Thomas Rd

PhoenixAZ85018
property at 5525 E Thomas Rd

5525 E Thomas Rd

PhoenixAZ85018
property at 1220 N 44th St

1220 N 44th St

PhoenixAZ85008
Showing Results 1-50, Page 1 of 3

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. Papago Gardens Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Santorini Villa Apartments1 Bedroom1BR,1BA$799
Papago Gardens ApartmentsSantorini Villas - 1 Bedroom1BR,1BA$799
Papago Crossing1x11BR,1BA$849
Prados Apartments at ArcadiaS1Studio,1BA$850
Arcadia on 49thSTUDIOStudio,1BA$880
Boulder Creek ApartmentsS11BR,1BA$916
Papago VistaJunior One Bedroom1BR,1BA$925
Senara Apartments1 Bedroom, 1 Bathroom1BR,1BA$940
Arcadia Villa ApartmentsStudioStudio,1BA$945
La TerrazaAlbaStudio,1BA$950

Best Value Apartments for Rent in Sherwood Towne, AZ

As of September 20, 2025 the best value apartment in the Sherwood Towne area is the $1.55 price per square foot BIL4x2.5 Model at Portola Red Mountain in the in the South Phoenix neighborhood starting from $2,750. The second greatest value Sherwood Towne apartment is the Two Bedroom Model at Villas at Papago starting at $1,325 with a $1.17 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.
Portola Red MountainBIL4x2.54BR,2.5BA$1.55
Villas at PapagoTwo Bedroom2BR,1BA$1.17
Alanza PlaceVersailles2BR,2BA$1.54
The PalmsTwo Bedroom2BR,2BA$1.56
Papago Crossing2x2 Reno2BR,2BA$1.22
Park Paloma2 Bedroom 2 Bathroom2BR,2BA$1.63
New Horizons2 Bed 2 Bath2BR,2BA$1.26
Papago Gardens ApartmentsPapago Gardens - Garden2BR,2BA$1.41
Garden Terrace ApartmentsOne Bedroom1BR,1BA$1.50
TerrasolB12BR,1BA$1.35

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Pet Friendly Lifestyle
Sherwood Towne, Phoenix, AZ

Ranked #33

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 Arcadia on 49th listed at $880.

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

The lowest price for a Cheap One Bedroom Sherwood Towne Apartment is $849 at Papago Crossing.

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 $971 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 The Sycamore at Scottsdale and starts from $1,857.

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).

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.