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Apartments Under $500 in Phoenix, AZ

1 - 16 of 16 Results
15
$ Ask - 1,415
Aura At Midtown
3623 N. 5th Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Fitness Center
8
$9 - 876
La Terraza
5333 East Thomas Road Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
25
$ Ask - 2,130
Morada West Apartments
6161 W Mcdowell Rd Phoenix, AZ
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
10
$ Ask - 1,200
Villa Serena
4221 West Dunlap Avenue Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
19
$ Ask - 925
Zazu Apartments
1502 E. Osborn Road Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
6
$ Ask - 910
Tamarack Apartments
345 W Pasadena Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
23
$ Ask - 2,300
Mandarina Apartments
5402 E. Washington Street Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
29
$ Ask - 1,210
Canyon 35 Apartments
4336 North 35th Avenue Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Fitness Center
30
$ Ask - 1,550
South Mountain Square
1630 E Baseline Road Phoenix, AZ
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
14
$ Ask - 999
Senior Living At Matthew Henson Apartments
1045 South 8th Ave Phoenix, AZ
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Senior Community
Luxury
Income Restricted
24
$ Ask - 1,275
San Giovanni Apartments
6901 W. Mcdowell Rd. Phoenix, AZ
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
30
$ Ask - 1,261
Villa De Cortez
3045 N. 67th Avenue Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
21
$ Ask - 1,574
Avilla Camelback Ranch
10770 W Highland Ave Phoenix, AZ
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
30
$ Ask - 1,215
Tamarron Apartments
4410 N 99th Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
2
$ Ask - 1,080
Morgan Park
8902 N. 19th Avenue Phoenix, AZ
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
13
$ Ask - 1,145
Sun Terrace Apartments
16802 N. 31st Street Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
1 - 16 of 16 Results
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  2. Phoenix
  3. Apartments Under $500
Frequently Asked Questions

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

There are 16 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 526 studio apartments under $500 available for rent in Phoenix.

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

Rentable.co has 2,227 one-bedroom apartments under $500 available for rent in Phoenix.

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

Rentable.co has 2,338 two-bedroom apartments under $500 available for rent in Phoenix.

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

  1. Downtown Phoenix
  2. Independence Heights

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

Welcome to the December 2025 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 50 100 150 200 <$900 $940 $1,020 $1,100 $1,180 $1,260 $1,340 $1,420 $1,500 $1,580 $1,660 $1,740 $1,820 $1,900 $1,980

Available Apartments Under $500: Phoenix vs. Surrounding Areas

Phoenix, AZ
Mesa, AZ
Tempe, AZ
Scottsdale, AZ
Glendale, AZ
39
12
8
5
4
The chart above displays the number of available apartments under $500 in Phoenix, AZ and its surrounding cities. As of December 2025, 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 86 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 December M/M % Change
Phoenix, AZ 39 +0.8%
Mesa, AZ 12 +0.86%
Tempe, AZ 9 +0.84%
Scottsdale, AZ 5 -0.73%
Glendale, AZ 4 +0.56%
Casa Grande, AZ 3 +1.12%
Avondale, AZ 2 +0.62%
Sun City, AZ 2 +0.78%
Apache Junction, AZ 2 +0.75%
Gilbert, AZ 1 +0.83%

Looking for Apartments Under $500 in Phoenix?

Available apartments under $500 5,467
Top amenities Fitness Center, Balcony/Deck/Patio, In Unit Laundry, Refrigerator, Pool
Deals 81
Pet friendly 162
Utilities included 11
Furnished 31
1 Bedroom 57
2 Bedroom 75
3 Bedroom 24
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