
Cheap Homes for Rent in Sherwood Towne Neighborhood of Phoenix, AZ from $1,000 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Sherwood Towne area of Phoenix.


1241 N 48th St

5525 E Thomas Rd

2019 N 49th St

5525 E Thomas Rd, Unit UNIT R8

3934 E Piccadilly Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

4201 E Camelback Rd

6802 E Pinchot Ave

4211 E Palm Ln

3313 N 68th St, Unit 235 E

3313 N 68th St, Unit 235

2938 N 61st Pl
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.

6721 E McDowell Rd, Unit 304, Unit 304

4211 E Palm Ln

5525 E Thomas Rd, Unit I3

2523 N 48th Pl

6125 E Indian School Rd, Unit 198, Unit 198

6840 E 2nd St, Unit 5, Unit 5
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.

4727 E Lafayette Blvd, Unit 327, Unit 327

Furnished Studio-Phoenix - Airport - E. Oak St.

6125 E Indian School Rd, Unit 254, Unit 254

5126 E Monte Vista Rd

3033 N 39th St

4406 E Hubbell St
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.

3825 E Camelback Rd, Unit 274, Unit 274
Sherwood Towne, Phoenix, AZ Local Guide

How much does it cost to rent a home in Sherwood Towne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Towne 2 Bedroom Homes for Rent | $4,780 | $1,099 | $10,000+ |
| Sherwood Towne 3 Bedroom Homes for Rent | $4,768 | $1,949 | $10,000+ |
| Sherwood Towne 4 Bedroom Homes for Rent | $9,941 | $2,550 | $10,000+ |
| Sherwood Towne 5 Bedroom Homes for Rent | $13,897 | $7,995 | $10,000+ |
| Sherwood Towne 6 Bedroom Homes for Rent | $28,248 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Sherwood Towne Neighborhood of Phoenix, AZ.
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Sherwood Towne, Phoenix, AZ Local Guide
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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 $825. Arcadia on 49th has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Sherwood Towne apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Santorini Villa Apartments | 1 Bedroom Santorini | 1BR,1BA | $825 |
| Arcadia on 49th | S1: 0 Bed 1 Bath | Studio,1BA | $849 |
| Papago Vista | Junior One Bedroom | 1BR,1BA | $850 |
| Terrasol | A1 | 1BR,1BA | $855 |
| Senara Apartments | E1 Classic | Studio,1BA | $870 |
Best Value Apartments for Rent in Sherwood Towne, AZ
As of May 20, 2026 the best value apartment in the Sherwood Towne area is the $1.45 price per square foot ASP3x2.5 Model at Portola Red Mountain in the in the South Phoenix neighborhood starting from $2,249. The second greatest value Sherwood Towne apartment is the Two Bedroom Villas Model at Villas at Papago starting at $1,400 with a $1.24 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Portola Red Mountain | ASP3x2.5 | 3BR,2.5BA | $1.45 |
| Villas at Papago | Two Bedroom Villas | 2BR,1BA | $1.24 |
| The Clubhouse at Arcadia | 2x2 | 2BR,2BA | $1.51 |
| The Earll | Two Bedroom | 2BR,2BA | $1.30 |
| Arcadia Lofts | 1bd/1ba | 1BR,1BA | $1.15 |
| Garden Terrace Apartments | One Bedroom | 1BR,1BA | $1.50 |
| Terrasol | B1 | 2BR,1BA | $1.48 |
| Fountain Oaks Apartments | A-2x1 | 2BR,1BA | $1.49 |
| Papago Crossing | 1x1 Reno | 1BR,1BA | $1.44 |
| Santorini Villa Apartments | 1 Bedroom Santorini | 1BR,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.
Read ArticleDon'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.
Read ArticleExpert'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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleSherwood Towne, Phoenix, AZ
Ranked #33
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Sherwood Towne, Phoenix, AZ
School data provided by Great Schools
Frequently Asked Questions about Sherwood Towne
What type of rentals are currently available in Sherwood Towne?
There are currently 442 Apartments for Rent in Sherwood Towne, AZ with pricing that ranges from $799 to $15,000. There are also 148 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sherwood Towne ranging from $1,000 to $50,000.
What is the current price range for Rental Homes in Sherwood Towne?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sherwood Towne ranges from $1,000 to $50,000 with an average monthly rent of $9,333.
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

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).

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.

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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.