Cheap Homes for Rent in Southbank Neighborhood of Phoenix, AZ from $900 (10 Rentals)

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

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property at 5885 S 32nd St

$1,686

1 Bedroom, 1 Bath Condo for Rent

Available Now

5885 S 32nd St

PhoenixAZ85040

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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 Tanner Manor Apartments priced from $529. Grandfamilies Place has the second lowest priced unit, which is a 2 Beds apartment currently listed from $937. Here are the most affordable Southbank apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Tanner Manor ApartmentsONE MONTH RENT-FREE + GROUND-LEVEL UNITS AVAILABLE1BR,1BA$529
Grandfamilies PlaceTwo Bedroom x Two Bathroom2BR,2BA$937
Sunrise VistaStudioStudio,1BA$1,090

Best Value Apartments for Rent in Southbank, AZ

As of February 06, 2026 the best value apartment in the Southbank area is the $1.66 price per square foot 5 Bedroom Model at Raymond Place Townhomes in the in the South Phoenix neighborhood starting from $2,495. The second greatest value Southbank apartment is the C Model at Obsidian at South Mountain starting at $2,002 with a $1.44 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 Townhomes5 Bedroom5BR,3BA$1.66
Obsidian at South MountainC3BR,2BA$1.44
Grandfamilies PlaceThree Bedroom x Two Bathroom3BR,2BA$1.07
Esteban ParkSymmetry2BR,2BA$1.47
Tanner Manor ApartmentsLIMITED-TIME SPECIAL: ONE MONTH RENT-FREE O.A.C...2BR,1BA$1.10
Solara VistaA1 -1x11BR,1BA$1.94
Parc South Mountain1x1-7261BR,1BA$1.87
2723 e southgate ave, Unit 1022723 e southgate ave1BR,1BA$2.60
Sunrise VistaStudioStudio ,1BA$3.21

Frequently Asked Questions about Southbank

What type of rentals are currently available in Southbank?

There are currently 56 Apartments for Rent in Southbank, AZ with pricing that ranges from $937 to $4,853. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Southbank ranging from $975 to $2,950.

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 $975 to $2,950 with an average monthly rent of $1,830.

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 $1,215 to $3,465, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,499. Four Bedroom Single-Family rentals are also available starting from $1,799 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

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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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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.

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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.

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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.