Cheap Homes for Rent in Southbank Neighborhood of Phoenix, AZ from $600 (6 Rentals)

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

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.

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

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 ListingModel NameBed/BathPriced From
Sunrise VistaStudioStudio,1BA$650
2510 E Pueblo Ave2 Beds, 1 Baths2BR,1BA$805
Tanner Manor ApartmentsAffordable 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2828 E Chipman Rd, Unit 12828 E Chipman Rd3BR,2BA$0.97
Obsidian at South MountainC3BR,2BA$1.57
Raymond Place Townhomes4 bed 2.5 bath4BR,2.5BA$1.58
Topaz PointeTopaz Pointe 3 Bedroom3BR,2BA$1.00
2903 E Wier Ave, Unit 22903 E Wier Ave2BR,1BA$1.58
Parc South Mountain1x1-7261BR,1BA$1.96
Esteban ParkVitality1BR,1BA$1.98
Tanner Manor ApartmentsAffordable 1x1 for 55+ – Utilities Included + 1...1BR,1BA$1.46
2510 E Pueblo Ave2 Beds, 1 Baths2BR,1BA$1.30
Sunrise VistaStudioStudio ,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.

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Don'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.

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Expert'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

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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
Southbank, Phoenix, AZ

Ranked #114

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 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

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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.

decorative image for A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

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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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.

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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.

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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.

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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.