Cheap Apartments for Rent in the Southbank Neighborhood of Phoenix, AZ from $900 (10 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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Grandfamilies Place
2 to 3 Bedroom Apartments

Grandfamilies Place

5150 S 18th PlPhoenix, AZ 85040
Senior Living

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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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
3 Bedroom Apartments

2340 E Hidalgo Ave

2340 E Hidalgo AvePhoenix, AZ 85040
  • Utilities Included

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.

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 1 Bed unit found at Esteban Park priced from $1,084. Sunrise Vista has the second lowest priced unit, which is a Studio apartment currently listed from $1,090. Here are the most affordable Southbank apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Esteban ParkVitality1BR,1BA$1,084
Sunrise VistaStudioStudio,1BA$1,090
Parc South Mountain1x1-7261BR,1BA$1,399

Best Value Apartments for Rent in Southbank, AZ

As of July 29, 2025 the best value apartment in the Southbank area is the $1.46 price per square foot Standard Model at Somo Lofts in the in the South Phoenix neighborhood starting from $1,400. The second greatest value Southbank apartment is the A1 -1x1 Model at Solara Vista starting at $1,528 with a $1.94 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.
Somo LoftsStandard2BR,2BA$1.46
Solara VistaA1 -1x11BR,1BA$1.94
Parc South Mountain1x1-7261BR,1BA$1.93
Esteban ParkVitality1BR,1BA$1.57
Obsidian at South MountainA1BR,1BA$2.35
2723 e southgate ave, Unit 1022723 e southgate ave1BR,1BA$2.60
Sunrise VistaStudioStudio ,1BA$3.21
Furnished Studio-Phoenix - AirportFurnished Studio-Phoenix - AirportStudio ,1BA$4.90

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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

How much is rent for a Cheap One Bedroom Southbank Apartment?

The lowest price for a Cheap One Bedroom Southbank Apartment is $1,084 at Esteban Park.

What is the lowest price for a Cheap Two Bedroom Southbank Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Southbank is starting from $1,386 at Sunrise Vista.

What is the most affordable Southbank Three Bedroom Apartment?

The best deal on a cheap Southbank Three Bedroom Apartment rental is at Sunrise Vista and starts from $1,593.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

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.

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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.