Cheap Apartments for Rent in the Story Neighborhood of Phoenix, AZ from $500 (176 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Story area of Phoenix.

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Adara
Rent Specials
$756 - $3,082
Total Monthly Price

Total Monthly Price

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$756 - $3,082
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Varies
Studio to 4 Bedroom Apartments Available Now

Adara

888 N 4th StPhoenix, AZ 85004
Student Housing
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property at 1201 E Moreland St

$1,000 - $2,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,300
Total Monthly Price
$1,000 - $2,300

Studio To 2 Bedroom Townhomes for Rent

Available Now

1201 E Moreland St

PhoenixAZ85006
property at 3623 N 5th Ave

$1,003 - $1,407

1 To 2 Bedroom Rentals

Available Aug 20

3623 N 5th Ave

PhoenixAZ85013
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sora
Rent Specials
$1,058 - $1,701
Total Monthly Price

Total Monthly Price

Base Rent
$1,058 - $1,701
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

sora

355 N Central AvePhoenix, AZ 85004
Student Housing
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  • 3D Tour
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Derby
Rent Specials
$1,095 - $5,232
Total Monthly Price

Total Monthly Price

Base Rent
$1,095 - $5,232
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Derby

800 N 2nd StPhoenix, AZ 85004
Student Housing
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  • Customer Reviewed
  • 3D Tour

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Rosie
Rent Specials
$1,204 - $3,250
Total Monthly Price

Total Monthly Price

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$1,204 - $3,250
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Studio to 2 Bedroom Apartments Available Now

Rosie

625 N 2nd AvePhoenix, AZ 85003
Student Housing
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The Stewart
Rent Specials
$1,218 - $4,347
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Total Monthly Price

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$1,218 - $4,347
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Studio to 2 Bedroom Apartments Available Now

The Stewart

800 N Central AvePhoenix, AZ 85003
Student Housing
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Ragsdale
Rent Specials
$1,224 - $2,324
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $2,324
Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Ragsdale

1150 E Washington StPhoenix, AZ 85034
Student Housing
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  • Customer Reviewed
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Story, Phoenix, AZ Local Guide

Cheapest Available Story Apartments for Rent

 

The cheapest available apartment rental in the Story area of Phoenix, AZ is a Studio unit found at 2025 West Apartment Homes priced from $655. Ava Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Story apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
2025 West Apartment HomesS1Studio,1BA$655
Ava ParkA1 Income Qualified Homes1BR,1BA$725
1609 W Latham St1 Beds, 1 Baths1BR,1BA$750
AdaraCo-living 4BStudio,1BA$756
Spectra MidtownS1 R (Studio Renovated)Studio,1BA$759
Duo ApartmentsStudioStudio,1BA$763
829 N 4th AveStudio, 1 bathStudio,1BA$775
Downing Studios on 12th StDowning Studios on 12th St - 2Studio,1BA$799
Resort on 27th1+1 3rd1BR,1BA$799
La Buena VidaOne Bedroom1BR,1BA$799

Best Value Apartments for Rent in Story, AZ

As of August 04, 2026 the best value apartment in the Story area is the $1.13 price per square foot 3 Beds, 2 Baths Model at Sandalwood Apartments in the in the Downtown Phoenix neighborhood starting from $1,595. The second greatest value Story apartment is the 2x2 1081sf Partial Model at Aura at Midtown starting at $1,438 with a $1.33 price per square foot in the Encanto neighborhood. Here is today’s list of the best values for Story apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sandalwood Apartments3 Beds, 2 Baths3BR,2BA$1.13
Aura at Midtown2x2 1081sf Partial2BR,2BA$1.33
Coronado Court Apartment Homes2x1 renovated private back yard #32BR,1BA$1.54
McCarty on Monroe1 Bedroom (C)1BR,1BA$0.99
U @ Melrose Apartments2 Bedroom, 1 Bath2BR,1BA$1.54
Palisade Park Aparments2x2 Platinum2BR,2BA$1.13
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Devonshire Apartments1x11BR,1BA$1.44
1609 W Latham St1 Beds, 1 Baths1BR,1BA$1.25
La Buena VidaOne Bedroom1BR,1BA$1.52

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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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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Best Local Schools in
Story, Phoenix, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Phoenix. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, places that make kids happy, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Story Apartments

What is a cheap apartment in Story?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Story is under $799.

What is the price of a cheap apartment in Story?

The cheapest apartment in Story is Ava Park which is listed at $725, while the average apartment in Story costs $1,699.

What types of apartments are the cheapest in Story?

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 846 regular apartments in Story 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 Story?

Cheap apartments in Story have an average cost of $1,259 which is $440 cheaper than the average rent for all rentals in Story.

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.

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