Cheap Homes for Rent in South Phoenix Neighborhood of Phoenix, AZ from $500 (659 Rentals)

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Search the lowest-cost Homes available for rent right now in the South Phoenix area of Phoenix.

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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property at 492 E Laredo St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

1 Bedroom, 2.5 Bath Home for Rent

Available Jun 1

492 E Laredo St

ChandlerAZ85225
property at 4620 W McDowell Rd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

Studio, 1 Bath Condo for Rent

Available Now

4620 W McDowell Rd

PhoenixAZ85035

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 275 N Saguaro Dr

$895 - $925

1 Bedroom Rentals

Available Now

275 N Saguaro Dr

Apache JunctionAZ85120

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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property at 4620 W McDowell Rd

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925
Total Monthly Price
$925

1 Bedroom, 1 Bath Condo for Rent

Available Now

4620 W McDowell Rd

PhoenixAZ85035

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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property at 9605 S 48th St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

9605 S 48th St

PhoenixAZ85044

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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South Phoenix, Phoenix, AZ Local Guide

Cheapest Available South Phoenix Apartments for Rent

 

The cheapest available apartment rental in the South Phoenix area of Phoenix, AZ is a 1 Bed unit found at Morada Sky priced from $637. Legacy Crossing I & II has the second lowest priced unit, which is a 3 Beds apartment currently listed from $639. Here are the most affordable South Phoenix apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Morada SkyAzure1BR,1BA$637
Legacy Crossing I & IILG2 3 Bedroom3BR,2BA$639
Sunrise VistaStudioStudio,1BA$650
Residence at TollesonStudioStudio,1BA$699
McCarty on Monroe1 Bedroom (A)1BR,1BA$717
Victory Place I-IVStudioStudio,1BA$720
Sunset Sound Studio ApartmentsSTU-UStudio,1BA$735
AdaraCo-living 4BStudio,1BA$741
Tides on 51st1/11BR,1BA$768

Best Value Apartments for Rent in South Phoenix, AZ

As of March 17, 2026 the best value apartment in the South Phoenix area is the $1.17 price per square foot Everest - 3 Bedrooms 2.5 Bathrooms Model at Elevation Townhomes in the in the South Phoenix neighborhood starting from $2,345. The second greatest value South Phoenix apartment is the Furnished Townhome Model at Lofts on 8th | Student Housing starting at $999 with a $0.53 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for South Phoenix apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elevation TownhomesEverest - 3 Bedrooms 2.5 Bathrooms3BR,2.5BA$1.17
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.53
HUE97D14BR,4BA$1.19
Nine20 TempeD1 PHPV4BR,4BA$0.73
Copper Stone on 32nd3B2B - B3BR,2BA$0.86
Arezzo2 Bedroom 2 Bath2BR,2BA$1.16
Legacy Crossing I & II3 bedroom3BR,2BA$0.97
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.00
Avenue 8B12BR,2BA$1.00
McCarty on Monroe1 Bedroom (A)1BR,1BA$1.04

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
South Phoenix, Phoenix, AZ

Ranked #1

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
South Phoenix, Phoenix, AZ

School data provided by Great Schools

Frequently Asked Questions about South Phoenix

What type of rentals are currently available in South Phoenix?

There are currently 3533 Apartments for Rent in South Phoenix, AZ with pricing that ranges from $637 to $18,601. There are also 3069 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Phoenix ranging from $599 to $40,000.

What is the current price range for Rental Homes in South Phoenix?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Phoenix ranges from $599 to $40,000 with an average monthly rent of $2,509.

How much are larger Three and Four Bedroom Rentals in South Phoenix?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Phoenix range from $730 to $18,601, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $14,995. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $770.

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

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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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.

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

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.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

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

Written by: Andrew Jollett

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.