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Motif
(480) 564-4521
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The Wexler
(623) 253-8822
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Montana on Butler
(602) 894-4340
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Palm Crest at Station 40
(928) 232-6586
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Tides on 51st Ave
(480) 725-5834
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2025 West Apartment Homes
(602) 806-9446
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Camelback Village Apartments
(623) 253-7170
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Tides at East Glendale
(623) 931-6335
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Tides on McDowell
(602) 233-1861
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Hacienda Del Rio (62+ Years Or Older; Income Limit Restrictions)
(602) 272-7348
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The Palmer
(602) 833-4252
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Tides on Cave Creek
(602) 971-2020
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Copper Stone on 32nd
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Tides on 44th
(602) 396-2000
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Villas De Azul Apartments
(480) 780-1615
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Seventh Apartments
(833) 848-4096
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Tides on Dunlap
(602) 973-0672
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Echelon Apartments
(520) 412-7628
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Lynne Village
(520) 655-6908
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Equinox On Indian School
(602) 314-6565
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Tides on West Dunlap
(623) 842-1149
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Tides on East Cactus
(602) 482-5200
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Presidio North Apartments
(602) 780-1636
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The Urban
(602) 283-5435
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Modena
(602) 275-4466
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The Halifax Apartments
(623) 526-2550
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2928 E Monroe St Unit 2-b
(602) 644-1826
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8245 N 27th Ave
(623) 552-3074
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Rise At The Preserve
(602) 693-0328 ext: 97
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Cheap Apartments in Phoenix, AZ

1 of 217 Results
18
$1,090 - 1,310
Bolero
5.0
7725 W Mcdowell Rd Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
24
$1,155 - 1,470
Motif
Deal
3.4
2529 West Cactus Rd. Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
40
$1,150
The Wexler
3030 N 7Th St Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Surface Parking
Fitness Center
16
$985
Montana on Butler
Deal
2122 West Butler Drive Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Storage
13
$1,130 - 1,445
Palm Crest at Station 40
Deal
3816 N 83Rd Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Dishwasher
49
$900 - 1,155
Tides on 51st Ave
2.2
2634 N 51St Ave Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
27
$955 - 1,330
2025 West Apartment Homes
Deal
4.0
2025 W Indian School RD Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
28
$1,060
Camelback Village Apartments
2936 N 30Th St Phoenix, AZ
Studio | May. 4, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
38
$870 - 1,172
Tides at East Glendale
2.4
4141 W Glendale Ave Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
21
$1,070 - 1,175
Tides on McDowell
3.4
4620 W Mcdowell Rd Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
14
$1,053
Hacienda Del Rio (62+ Years Or Older; Income Limit Restrictions)
4.2
4121 W. Mcdowell Road Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Air Conditioning
33
$1,050 - 1,150
The Palmer
Deal
2.6
815 E Bethany Home RD Phoenix, AZ
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
24
$1,099 - 1,150
Tides on Cave Creek
2.0
12810 N Cave Creek Rd Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
7
$711 - 1,044
Copper Stone on 32nd
3255 E Roosevelt St Phoenix, AZ
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
27
$949 - 1,150
Tides on 44th
4030 N 44Th Ave Phoenix, AZ
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
31
$1,175 - 1,375
Villas De Azul Apartments
Deal
4.0
2627 N 45Th Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
17
$1,095 - 1,107
Seventh Apartments
Deal
5145 N 7Th St Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
56
$1,075
Tides on Dunlap
3333 W Dunlap Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
33
$1,075 - 1,095
Echelon Apartments
3.8
4301 N 24Th St Phoenix, AZ
Studio | Available Now
Contact
Heat Included
Air Conditioning
Balcony, Deck, Patio
Dishwasher
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
28
$1,099 - 1,107
Equinox On Indian School
2225 W Indian School RD Phoenix, AZ
1 BR | Available Now
Contact
Pool
43
$1,015
Tides on West Dunlap
2.0
4221 W Dunlap Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
22
$1,045
Tides on East Cactus
Deal
2.6
2645 E Cactus Rd Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
25
$1,030 - 1,710
Presidio North Apartments
3.6
17031 N 11Th Ave Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
10
3D Tour
$1,025 - 1,183
The Urban
Deal
2.1
3601 E. Mcdowell Rd Phoenix Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
9
3D Tour
$1,005 - 1,175
Modena
Deal
2.2
815 N 52nd St. Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Virtual Tour
Air Conditioning
26
$1,070 - 1,995
The Halifax Apartments
Deal
1350 E Northern Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
8
$1,030
2928 E Monroe St Unit 2-b
Phoenix, AZ
1 BR | Apr. 1, 2023
Contact
Dog Friendly
Cat Friendly
House
Balcony, Deck, Patio
Storage
5
$1,130 - 1,149
8245 N 27th Ave
Phoenix, AZ
1 BR | May. 1, 2023
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Storage
36
$1,075 - 1,175
Rise At The Preserve
1502 W Glendale Ave Phoenix, AZ
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Storage
1 - 30 of 217 Results
  1. Home
  2. Phoenix
  3. Cheap Apartments

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 73,466 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 cheap apartments are available in Phoenix, AZ on Rentable.co?

Rentable.co has 217 cheap apartments available for rent in Phoenix.

Which neighborhoods have the most cheap apartments for rent in Phoenix, AZ?

  1. Independence Heights

Asset 2
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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.