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Apartments Under $500 in Phoenix, AZ

1 - 4 of 4 Results
1
$409
304 W Southern Ave
Phoenix, AZ
1 BR | Ask for Availability
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1
$475
2902 E Fillmore St
Phoenix, AZ
2 BR | Ask for Availability
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1
$309
4415 S 28th St
Phoenix, AZ
3 BR | Ask for Availability
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1
$439
234 W Southern Ave
Phoenix, AZ
4 BR | Ask for Availability
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1 - 4 of 4 Results
  1. Home
  2. Phoenix
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Phoenix, AZ on Rentable.co?

There are 4 apartments under $500 in Phoenix currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Phoenix?

Rentable.co has 342 studio apartments under $500 available for rent in Phoenix.

How many one-bedroom apartments under $500 are available in Phoenix?

Rentable.co has 2,147 one-bedroom apartments under $500 available for rent in Phoenix.

How many two-bedroom apartments under $500 are available in Phoenix?

Rentable.co has 2,034 two-bedroom apartments under $500 available for rent in Phoenix.

Can I afford a apartment under $500 in Phoenix, AZ?

To comfortably afford a apartment under $500 in Phoenix based on average rent prices, a household would need an annual income of $17,000.

Which neighborhoods have the most apartments under $500 for rent in Phoenix, AZ?

  1. Downtown Phoenix

Apartments Under $500 in Phoenix, AZ: September Rental Information

Welcome to the September 2026 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2026 key findings and figures for the Phoenix rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Phoenix and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Phoenix. Renters can use this information to better understand the current rental market and make informed decisions when searching for their next home.
0 57 115 172 230 <$800 $840 $920 $1,000 $1,080 $1,160 $1,240 $1,320 $1,400 $1,480 $1,560 $1,640 $1,720 $1,800 $1,880 $1,960 $2,040 >$2,120
This month, the typical cost to rent a one-bedroom apartment in Phoenix stands at $1,180, with the majority falling between $800 and $2,070. Out of the 22,702 one-bedroom apartments currently on the market in Phoenix, 3 are priced below $500, accounting for 0% of the total available one-bedroom units in Phoenix.

Available Apartments Under $500: Phoenix vs. Surrounding Areas

Phoenix, AZ
Mesa, AZ
Tempe, AZ
Glendale, AZ
Chandler, AZ
Scottsdale, AZ
38
12
9
5
3
3
The chart above displays the number of available apartments under $500 in Phoenix, AZ and its surrounding cities. As of September 2026, there are a variety of affordable housing options in this area. The chart provides information on Apache Junction, Avondale, Buckeye, Carefree, Casa Grande, Cave Creek, Chandler, Coolidge, El Mirage, Florence, Fountain Hills, Gilbert, Glendale, Goodyear, Guadalupe, Litchfield Park, Maricopa, Mesa, Paradise Valley, Peoria, Queen Creek, Scottsdale, Surprise, Tempe, Tolleson, Anthem, Gold Canyon, Laveen, S An Tan Valley, Sun Lakes, Waddell, Reseda, Sun City, Centerpoint, Suprise, Ahwatukee, Scottsale, Sun City West, Youngtown, and Rio Verde, showcasing the inventory available in each of these cities. In total, the Phoenix, AZ metro area has a total inventory of 63 apartments that fall within this price range. Prospective renters looking for budget-friendly options will find a range of choices to consider in and around Phoenix.

Apartments Under $500 Now vs. Last Month: Phoenix and Surrounding Areas

City Apartments Under $500 in September M/M % Change
Phoenix, AZ 39 +0.95%
Mesa, AZ 12 +0.99%
Tempe, AZ 9 +0.98%
Glendale, AZ 5 +1.03%
Chandler, AZ 4 +0.9%
Scottsdale, AZ 3 +1.38%
Sun City, AZ 2 +1.0%
Peoria, AZ 2 +0.91%
Apache Junction, AZ 1 +0.67%
Gilbert, AZ 1 +1.0%

Looking for Apartments Under $500 in Phoenix?

Available apartments under $500 4,378
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Pool, Pet Friendly Community
Deals 38
Pet friendly 16
Furnished 7
1 Bedroom 46
2 Bedroom 34
3 Bedroom 14
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