
Cheap Homes for Rent in Southbank Neighborhood of Phoenix, AZ from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Southbank area of Phoenix.


4514 E Riverside St

2747 E Chipman Rd, Unit 2
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.

1908 E Lynne Ln

4522 E Pueblo Ave

4615 E Jones Ave
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.
Southbank, Phoenix, AZ Local Guide

How much does it cost to rent a home in Southbank?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southbank 2 Bedroom Homes for Rent | $1,475 | $995 | $1,925 |
| Southbank 3 Bedroom Homes for Rent | $2,257 | $1,400 | $3,000 |
| Southbank 4 Bedroom Homes for Rent | $2,475 | $2,050 | $2,600 |
| Southbank 5 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 $650. 2510 E Pueblo Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $805. 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 | $650 |
| 2510 E Pueblo Ave | 2 Beds, 1 Baths | 2BR,1BA | $805 |
| Tanner Manor Apartments | Affordable 1x1 for 55+ – Utilities Included + 1... | 1BR,1BA | $949 |
Best Value Apartments for Rent in Southbank, AZ
As of June 12, 2026 the best value apartment in the Southbank area is the $0.97 price per square foot 2828 E Chipman Rd Model at 2828 E Chipman Rd, Unit 1 in the in the South Phoenix neighborhood starting from $1,650. The second greatest value Southbank apartment is the C Model at Obsidian at South Mountain starting at $2,187 with a $1.57 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. |
|---|---|---|---|
| 2828 E Chipman Rd, Unit 1 | 2828 E Chipman Rd | 3BR,2BA | $0.97 |
| Obsidian at South Mountain | C | 3BR,2BA | $1.57 |
| Raymond Place Townhomes | 4 bed 2.5 bath | 4BR,2.5BA | $1.58 |
| Topaz Pointe | Topaz Pointe 3 Bedroom | 3BR,2BA | $1.00 |
| 2903 E Wier Ave, Unit 2 | 2903 E Wier Ave | 2BR,1BA | $1.58 |
| Parc South Mountain | 1x1-726 | 1BR,1BA | $1.96 |
| Esteban Park | Vitality | 1BR,1BA | $1.98 |
| Tanner Manor Apartments | Affordable 1x1 for 55+ – Utilities Included + 1... | 1BR,1BA | $1.46 |
| 2510 E Pueblo Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.30 |
| Sunrise Vista | Studio | Studio ,1BA | $1.91 |
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 LifestyleSouthbank, Phoenix, AZ
Ranked #114
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Southbank
What type of rentals are currently available in Southbank?
There are currently 58 Apartments for Rent in Southbank, AZ with pricing that ranges from $650 to $3,828. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southbank ranging from $675 to $3,000.
What is the current price range for Rental Homes in Southbank?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Southbank ranges from $675 to $3,000 with an average monthly rent of $1,948.
How much are larger Three and Four Bedroom Rentals in Southbank?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Southbank range from $1,593 to $3,384, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,050 and Four Bedroom Apartments start at $2,160.
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
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.

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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.