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Camelback Properties
(602) 265-3022
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4022 W Willetta St
(602) 828-2502
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South Mountain Square
(602) 243-6639
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Omnia On Thomas
(602) 362-7808
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Aura At Midtown
(623) 526-6913
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Elevation On Central
(602) 595-7755
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Tamarack Apartments
(480) 392-9430
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Zazu Apartments
(602) 892-0712
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2234 W. Hazelwood
(480) 625-0114 ext: 104
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La Terraza
(602) 840-1630
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Rehoboth Place Apartments
(602) 595-8421
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Ambassador West
(602) 252-6620
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7151 W Indian School Rd
(623) 848-1555
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Villa Serena
(623) 842-1149
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Canyon 35 Apartments
(602) 242-9146
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El Caro Senior
(602) 526-0412
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Garfield Commons
(602) 296-7234
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Casa Mia
(602) 265-4734
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San Giovanni Apartments
(623) 866-0400
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Morada West Apartments
(623) 322-1100
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Collins Court
(602) 548-3391
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Avilla Camelback Ranch
(602) 730-7977
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Morgan Park
(877) 359-3928
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Sun Terrace Apartments
(602) 795-3300
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Tamarron Apartments
(844) 898-6766
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Gene Rice
(623) 486-9232
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Paradise Village
(602) 788-9409
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Apartments Under $700 in Phoenix, AZ

1 of 28 Results
5
$588
Lynne Village
4.0
6055 S 11Th Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Fitness Center
5
$434 - 474
Camelback Properties
5102 North 11th Ave Phoenix, AZ
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Covered Parking
5
$700
PER
ROOM
4022 W Willetta St
Phoenix, AZ
1 BR | Available Now
Contact
Balcony, Deck, Patio
Dishwasher
30
$ Ask - 1,550
South Mountain Square
1630 E Baseline Road Phoenix, AZ
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Dishwasher
20
$ Ask - 1,036
Omnia On Thomas
1645 E. Thomas Rd. Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
15
$ Ask - 1,835
Aura At Midtown
3623 N. 5th Ave Phoenix, AZ
2 BR | Apr. 21, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
11
$ Ask - 1,968
Elevation On Central
4650 N. Central Avenue Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
6
$ Ask - 910
Tamarack Apartments
345 W Pasadena Ave Phoenix, AZ
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
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
25
$638
2234 W. Hazelwood
Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
8
$9 - 876
La Terraza
5333 East Thomas Road Phoenix, AZ
1 BR | Available Now
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Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
30
$682
Rehoboth Place Apartments
2610 W. Hazelwood Phoenix, AZ
2 BR | Ask for Availability
Contact
Air Conditioning
Covered Parking
Balcony, Deck, Patio
Dishwasher
10
$568 - 665
Ambassador West
345 North 5th Avenue Phoenix, AZ
1 BR | Ask for Availability
Contact
Section 8
Covered Parking
Pool
Downtown Phoenix
5
$679
7151 W Indian School Rd
Phoenix, AZ
Studio | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Storage
10
$ Ask - 1,200
Villa Serena
4221 West Dunlap Avenue Phoenix, AZ
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
29
$ Ask - 1,210
Canyon 35 Apartments
4336 North 35th Avenue Phoenix, AZ
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
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15
$657
El Caro Senior
8025 N 21st Avenue Phoenix, AZ
1 BR | Available Now
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Senior Community
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
Storage
11
$611 - 614
Garfield Commons
1110 N. 16th Street Phoenix, AZ
1 BR | Ask for Availability
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Income Restricted
Section 8
Air Conditioning
Fitness Center
Dishwasher
24
$660
Casa Mia
1010 E. Turney Ave. Phoenix, AZ
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Air Conditioning
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
25
$ Ask - 2,130
Morada West Apartments
6161 W Mcdowell Rd Phoenix, AZ
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Fitness Center
4
$483 - 681
Collins Court
10421 N 33rd Ave Phoenix, AZ
Studio | Ask for Availability
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Income Restricted
Section 8
Metrocenter
21
$ Ask - 1,574
Avilla Camelback Ranch
10770 W Highland Ave Phoenix, AZ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
2
$ Ask - 1,080
Morgan Park
8902 N. 19th Avenue Phoenix, AZ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
13
$ Ask - 1,185
Sun Terrace Apartments
16802 N. 31st Street Phoenix, AZ
2 BR | Apr. 17, 2023
Contact
Dog Friendly
Cat Friendly
Section 8
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
Air Conditioning
Covered Parking
In Unit Laundry
15
$692
Gene Rice
10245 N. 87th Ave. Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
11
$625 - 655
Paradise Village
2525 East Aire Libre Phoenix, AZ
2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Storage
1 - 28 of 28 Results
  1. Home
  2. Phoenix
  3. Apartments Under $700

How much does it cost to rent an apartment in Phoenix?

Phoenix Apartments
Bed Type Average Rent Range
Studio $1,130 $870 - $1,720
1BR $1,280 $930 - $1,870
2BR $1,540 $1,100 - $2,330
3BR $2,120 $1,330 - $3,000
4+BR $2,810 $1,100 - $8,740
Frequently Asked Questions

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

Rentable.co has over 73,439 apartments available in Phoenix.

What is the average rent for a studio apartment in Phoenix, AZ?

The average rent for a studio apartment in Phoenix is around $1,130 per month.

What is the average rent for a one-bedroom apartment in Phoenix, AZ?

The average rent for a one-bedroom apartment in Phoenix is around $1,280 per month.

What is the average rent for a two-bedroom apartment in Phoenix, AZ?

The average rent for a two-bedroom apartment in Phoenix is around $1,540 per month.

How expensive is living in Phoenix, AZ?

Based on average rent prices in Phoenix, to afford a studio apartment you would need an annual salary of $45,000 to live comfortably.

How many apartments under $700 are available in Phoenix, AZ on Rentable.co?

Rentable.co has 28 apartments under $700 available for rent in Phoenix.

Which neighborhoods have the most apartments under $700 for rent in Phoenix, AZ?

  1. Downtown Phoenix
  2. Independence Heights
  3. Metrocenter

Asset 2
Apartments by Bedrooms
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Apartments by Affordability
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Apartments Under $500
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Phoenix:
March Rent Report

Welcome to the March 2023 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Phoenix rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Phoenix and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Phoenix average rent prices in the chart below.

Monthly Rent Report

Phoenix Rent Prices Decrease From February to March

Phoenix rent prices decreased over the last month. From February to March, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,290.0.

When we take a look at the two-bedroom comparison from February to March, Phoenix experienced a -0.5% decrease for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,580.0.

March Prices: Phoenix vs. Surrounding Areas

Rent Prices in Phoenix and Surrounding Areas

Rent prices have decreased in Phoenix over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Phoenix suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Scottsdale, AZ, Guadalupe, AZ .

  • Rent decreased in Mesa, AZ, Tempe, AZ, Glendale, AZ, Chandler, AZ, Gilbert, AZ.

  • 6 suburbs are currently priced higher than the city of Phoenix.

  • 1 suburb is currently priced lower than the city of Phoenix.

March 2023 Pricing Trends: Phoenix vs. National Comparisons

Phoenix Rent Prices More Affordable Than Major Cities

Rent growth in Phoenix over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Phoenix average rent prices appear to be relatively affordable for local residents.

The price for a Phoenix one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Phoenix and surrounding area rent prices, take a look at the complete data set below.

Data set for Phoenix and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Phoenix, AZ $1,290.0 -0.69% $1,588.0 -0.94%
Mesa, AZ $1,495.0 -1.39% $1,715.0 -2.22%
Tempe, AZ $1,459.0 -0.55% $1,829.0 -1.51%
Scottsdale, AZ $1,861.0 0.70% $2,195.0 0.69%
Glendale, AZ $1,377.0 -1.01% $1,751.0 -1.13%
Chandler, AZ $1,593.0 -1.67% $1,873.0 -0.90%
Gilbert, AZ $1,667.0 -0.89% $1,859.0 -0.64%
Guadalupe, AZ $1,255.0 1.05% $1,818.0 -3.50%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.