Apartments Under $1,000 in Phoenix, AZ: May Rental Information
Welcome to the May 2026 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Phoenix rental landscape.
Our experts analyze the inventory trends for apartments under $1,000 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Phoenix and surrounding areas. This summary also provides an insight into available features and amenities, as well as location options for apartments under $1,000 in Phoenix.
If you're in the market for an affordable apartment in Phoenix, this report will give you valuable information about rent prices and availability in the area. Whether you're looking for a studio, one-bedroom, or two-bedroom apartment, we'll provide you with the most up-to-date data to help you make an informed decision.
This month, the typical cost to rent a one-bedroom apartment in Phoenix stands at $1,230, with the majority falling between $830 and $2,080. Out of the 25,142 one-bedroom apartments currently on the market in Phoenix, 4,691 are priced below $1,000, accounting for 19% of the total available one-bedroom units in Phoenix.
Available Apartments Under $1,000: Phoenix vs. Surrounding Areas