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from $450Studio to 3 Bedroom Apartments Available Now
Sunrise Vista
4415 S 28th StPhoenix, AZ 85040
Cheap Apartments for Rent in the Southbank Neighborhood of Phoenix, AZ from $400 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southbank area of Phoenix.
1908 E Lynne Ln
PhoenixAZ85042
1908 E Broadway Rd
PhoenixAZ85040
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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2571 E Mobile Ln
PhoenixAZ85040
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.
4463 E Pueblo Ave
PhoenixAZ85040
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Southbank, Phoenix, AZ Local Guide
How much does it cost to rent an apartment in Southbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southbank Studio Apartments | $1,254 | $450 | $1,739 |
| Southbank 1 Bedroom Apartments | $1,622 | $650 | $5,481 |
| Southbank 2 Bedroom Apartments | $1,819 | $1,075 | $5,453 |
| Southbank 3 Bedroom Apartments | $2,197 | $1,500 | $6,878 |
| Southbank 4 Bedroom Apartments | $1,996 | $1,945 | $2,325 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Southbank Neighborhood of Phoenix, AZ.
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Southbank, Phoenix, AZ Local Guide
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Cheapest Available Southbank Apartments for Rent
The cheapest available apartment rental in the Southbank area of Phoenix, AZ is a Studio unit found at Sunrise Vista priced from $450. The Halston has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here are the most affordable Southbank apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sunrise Vista | Studio | Studio,1BA | $450 |
| The Halston | B1 | 2BR,1BA | $1,295 |
| Palms at South Mountain | One Bedroom, One Bath | 1BR,1BA | $1,323 |
Best Value Apartments for Rent in Southbank, AZ
As of May 31, 2025 the best value apartment in the Southbank area is the $1.65 price per square foot 2A Model at San Portella in the in the Downtown Tempe neighborhood starting from $1,824. The second greatest value Southbank apartment is the 2 Bedroom Model at Sunrise Vista starting at $1,386 with a $1.35 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| San Portella | 2A | 2BR,2BA | $1.65 |
| Sunrise Vista | 2 Bedroom | 2BR,1BA | $1.35 |
| Somo Lofts | Standard | 2BR,2BA | $1.46 |
| Cortland at Raven | Hummingbird | 1BR,1BA | $1.92 |
| 2957 E Atlanta Ave, Unit 3-Atlanta Ave | 2957 E Atlanta Ave | 2BR,1BA | $1.75 |
| Solara Vista | A1 -1x1 | 1BR,1BA | $2.02 |
| Portola South Mountain | 1 Bedroom R | 1BR,1BA | $1.89 |
| Parc South Mountain | 1x1-726 | 1BR,1BA | $2.06 |
| Esteban Park | Vitality | 1BR,1BA | $1.97 |
| Palms at South Mountain | One Bedroom, One Bath | 1BR,1BA | $2.00 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleSouthbank, Phoenix, AZ
Ranked #117
Among neighborhoods in Phoenix, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Southbank Apartments
What is the price of a cheap apartment in Southbank?
The cheapest apartment in Southbank is Sunrise Vista which is listed at $650, while the average apartment in Southbank costs $2,022.
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 32 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 $303 which is $1,719 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.
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).
The Art of the Rental Viewing: What to look for during a property tour
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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.