Cheap Apartments for Rent in the Southbank Neighborhood of Phoenix, AZ from $900 (23 Rentals)

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

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Topaz Pointe
2 to 3 Bedroom Apartments

Topaz Pointe

2140 E Broadway RdPhoenix, AZ 85040
  • Utilities Included
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2340 E Hidalgo Ave
1 to 3 Bedroom Apartments

2340 E Hidalgo Ave

2340 E Hidalgo AvePhoenix, AZ 85040
  • Utilities Included
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Alanna
Studio to 3 Bedroom Apartments

Alanna

100 S 48th StPhoenix, AZ 85034
Showing Results 1-23, Page 1 of 1

Southbank, Phoenix, AZ Local Guide

Cheapest Available Southbank Apartments for Rent

 

The cheapest available apartment rental in the Southbank area of Phoenix, AZ is a 2 Beds unit found at Grandfamilies Place priced from $937. Esteban Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,081. Here are the most affordable Southbank apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Grandfamilies PlaceTwo Bedroom x Two Bathroom2BR,2BA$937
Esteban ParkVitality1BR,1BA$1,081
Sunrise VistaStudioStudio,1BA$1,090
Obsidian at South MountainA1BR,1BA$1,354
Parc South Mountain1x1-7261BR,1BA$1,399

Best Value Apartments for Rent in Southbank, AZ

As of November 01, 2025 the best value apartment in the Southbank area is the $1.28 price per square foot 4 bed 3 bath Model at Raymond Place Townhomes in the in the South Phoenix neighborhood starting from $2,225. The second greatest value Southbank apartment is the Three Bedroom x Two Bathroom Model at Grandfamilies Place starting at $1,215 with a $1.07 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Southbank apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Raymond Place Townhomes4 bed 3 bath4BR,3BA$1.28
Grandfamilies PlaceThree Bedroom x Two Bathroom3BR,2BA$1.07
Solara VistaB3 - 2x23BR,2BA$1.99
Parc South Mountain1x1-7261BR,1BA$1.93
Esteban ParkVitality1BR,1BA$1.56
Obsidian at South MountainA1BR,1BA$1.96
2723 e southgate ave, Unit 1022723 e southgate ave1BR,1BA$2.60
Sunrise VistaStudioStudio ,1BA$3.21

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Pet Friendly Lifestyle
Southbank, Phoenix, AZ

Ranked #125

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Southbank Apartments

What is the price of a cheap apartment in Southbank?

The cheapest apartment in Southbank is Esteban Park which is listed at $1,081, while the average apartment in Southbank costs $2,495.

What types of apartments are the cheapest in Southbank?

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 6 regular apartments in Southbank 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 Southbank?

Cheap apartments in Southbank have an average cost of $331 which is $2,164 cheaper than the average rent for all rentals in Southbank.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.