Apartments Under $1,200 in Phoenix, AZ: May Rental Information
Welcome to the May 2026 Apartments Under $1,200 Rent Report for Phoenix, AZ. In this report, Rentable presents key findings and figures for the Phoenix rental market in May 2026. Our team of data scientists and rental experts analyze the monthly trends in the inventory of apartments priced under $1,200, including the overall rent distribution, availability by bedroom count, and month-over-month comparisons.
Phoenix offers a variety of apartments under $1,200 with different features and amenities to suit renters' preferences. This report aims to provide valuable insights into the available options and help prospective renters make informed decisions. Whether you're looking for a spacious one-bedroom apartment or a cozy studio, this report covers the current rental landscape and highlights the best deals in the Phoenix area for apartments under $1,200.
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, 10,499 are priced below $1,200, accounting for 42% of the total available one-bedroom units in Phoenix.
Available Apartments Under $1,200: Phoenix vs. Surrounding Areas
Phoenix, AZ
Mesa, AZ
Tempe, AZ
Glendale, AZ
Scottsdale, AZ
Chandler, AZ
Casa Grande, AZ
Apache Junction, AZ
Gilbert, AZ
563
126
93
76
25
17
15
11
9
In May 2026, there are a variety of apartments available for rent in Phoenix, AZ and the surrounding cities listed below. These cities near Phoenix offer renters a range of options when searching for apartments under $1,200. The chart above displays the number of available apartments in each city, and a total inventory of 941 apartments under $1,200 in the Phoenix metro area. Whether you're searching for a cozy studio or a spacious two-bedroom, there are plenty of affordable options to meet your needs in Phoenix and its neighboring cities.
Apartments Under $1,200 Now vs. Last Month: Phoenix and Surrounding Areas