Cheap Homes for Rent in the Story Neighborhood of Phoenix, AZ from $700 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

property at 3302 N 7th St

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Now

3302 N 7th St, Unit #330

3302 N 7th St
PhoenixAZ85014
property at 4224 N 12th St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

Studio, 1 Bath Condo for Rent

Available Now

4224 N 12th St, Unit 210

4224 N 12th St
PhoenixAZ85014

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2521 N 11th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

2521 N 11th St, Unit 2

2521 N 11th St
PhoenixAZ85006
property at 1118 E Roosevelt St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

1118 E Roosevelt St, Unit 1

1118 E Roosevelt St
PhoenixAZ85006

Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Your complete checklist for relocating to the Phoenix metro area. Easily navigate housing, set up electricity and gas with provider links, handle vehicle registration, and learn local regulations.

property at 1130 N 2nd St

$1,495 - $1,595

1 Bedroom Rentals

Available Now

1130 N 2nd St

PhoenixAZ85004

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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. 1609 W Latham St 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
1609 W Latham St1 Beds, 1 Baths1BR,1BA$750
Spectra MidtownS1 R (Studio Renovated)Studio,1BA$759
Duo ApartmentsStudioStudio,1BA$763
Ava ParkA21BR,1BA$772
829 N 4th AveStudio, 1 bathStudio,1BA$775
AdaraCo-living 4BStudio,1BA$792
Downing Studios on 12th StDowning Studios on 12th St - 2Studio,1BA$799
The Wexler Apartments0x1 A RenoStudio,1BA$799
Resort on 27th1+1 3rd1BR,1BA$799

Best Value Apartments for Rent in Story, AZ

As of July 23, 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 1 Bedroom (C) Model at McCarty on Monroe starting at $930 with a $0.99 price per square foot in the Central City 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
McCarty on Monroe1 Bedroom (C)1BR,1BA$0.99
U @ Melrose Apartments2 Bedroom, 1 Bath2BR,1BA$1.54
Aura at Midtown2x1.5 897sf Partial2BR,1.5BA$1.31
Palisade Park Aparments2x2 WD2BR,2BA$1.07
Ava ParkB1 Income Qualified Homes2BR,1BA$1.57
Urbana at 11thTwo Bed One Bath2BR,1BA$1.53
1609 W Latham St1 Beds, 1 Baths1BR,1BA$1.25
Courtyard at Encanto Apartments1x11BR,1BA$1.56
La Buena VidaOne Bedroom1BR,1BA$1.52

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 Article
Decorative image

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.

Read Article
Decorative image

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

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Story

What type of rentals are currently available in Story?

There are currently 582 Apartments for Rent in Story, AZ with pricing that ranges from $680 to $8,301. There are also 114 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 $5,576.

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 $1,058 to $7,048, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,899 and Four Bedroom Apartments start at $970.

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

decorative image for From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities article

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Written by: Andrew Jollett

I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

decorative image for Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips article

Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips

Written by: Andrew Jollett

Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.

decorative image for New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options article

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.

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

A Phoenix Expert's 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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.