Cheap Homes for Rent in Story Neighborhood of Phoenix, AZ from $700 (27 Rentals)

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

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

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.

property at 3302 N 7th St

$1,090

Total Monthly Price

Total Monthly Price

Base Rent
$1,090

Total Monthly Price
$1,090

1 Bedroom, 1 Bath Condo for Rent

Available Now

3302 N 7th St, Unit #330

3302 N 7th St
PhoenixAZ85014
property at 1016 E Osborn Rd

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

1016 E Osborn Rd, Unit F

1016 E Osborn Rd
PhoenixAZ85014

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.

property at 616 N 10th Ave

$1,325 - $1,650

1 To 2 Bedroom Rentals

Available Jul 7

616 N 10th Ave

PhoenixAZ85007
property at 1118 W Roosevelt St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

1118 W Roosevelt St

PhoenixAZ85007

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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.

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 $750. Here are the most affordable Story apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
2025 West Apartment HomesS1Studio,1BA$655
Ava ParkA2 Income Qualified Homes1BR,1BA$750
Duo ApartmentsStudioStudio,1BA$763
829 N 4th AveStudio, 1 bathStudio,1BA$775
AdaraCo-living 4BStudio,$792
Resort on 27th1+1 3rd1BR,1BA$799
Ambassador West ApartmentsOne Bedroom1BR,1BA$799
La Buena VidaOne Bedroom1BR,1BA$799
16th Ave ApartmentsStudio/1 BathStudio,1BA$825
Courtyard at Encanto Apartments1x11BR,1BA$839

Best Value Apartments for Rent in Story, AZ

As of June 08, 2026 the best value apartment in the Story area is the $1.69 price per square foot One Bedroom Den Model at Roosevelt Square in the in the South Phoenix neighborhood starting from $1,923. The second greatest value Story apartment is the 2 Bedroom, 1 Bath Model at U @ Melrose Apartments starting at $1,400 with a $1.54 price per square foot in the Downtown Phoenix 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.
Roosevelt SquareOne Bedroom Den1BR,1.5BA$1.69
U @ Melrose Apartments2 Bedroom, 1 Bath2BR,1BA$1.54
The HawthorneThe Roosevelt1BR,1BA$1.69
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
Aura at Midtown1x1 714sq Classic1BR,1BA$1.65
Ellis Midtown1x11BR,1BA$1.64
Devonshire Apartments1x11BR,1BA$1.60
Courtyard at Encanto Apartments1x11BR,1BA$1.53
La Buena VidaOne Bedroom1BR,1BA$1.52
Ambassador West ApartmentsOne Bedroom1BR,1BA$1.66

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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Frequently Asked Questions about Story

What type of rentals are currently available in Story?

There are currently 583 Apartments for Rent in Story, AZ with pricing that ranges from $680 to $8,455. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Story ranging from $799 to $20,000.

What is the current price range for Rental Homes in Story?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Story ranges from $799 to $20,000 with an average monthly rent of $5,208.

How much are larger Three and Four Bedroom Rentals in Story?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Story range from $1,115 to $7,048, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $965.

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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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.