Sort By

Rent Range

Baths

Square Feet

to

Keyword Search

Discover rentals near work and play

*Please enter your address or point of interest

Choose travel mode

Enter travel time in minutes (1-60) & choose time of day

Your Added Destinations

Click below to edit a destination

AptsWeb.Modules.LocalGuide.Models.LocalGuideModel?.Title

AptsWeb.Modules.LocalGuide.Models.LocalGuideModel?.SubTitle

AptsWeb.Modules.LocalGuide.Models.LocalGuideModel?.Headline

  • Desert
  • Golf
  • Outdoors
  • Nature
  • Sports
  • Walkable
  • Public Transportation
  • Parks
  • Art
  • Dining
  • Affordable
  • Airport

Although surrounded by inhospitable desert, Phoenix is one of the largest cities in the United States, and the nation’s single largest state capital city. The area contains numerous galleries and museums, putting the people in contact with everything from the European masters to Native American craftsmanship to modern originals from Phoenix’s diverse artistic community. The Downtown cultural scene has developed into a top-notch feast of visual and performing arts, with symphony performances, live theater, and the popular First Friday exhibitions. Phoenix is also an excellent city for sports fans, being one of the few cities in America with local franchises in the NFL, MLB, NBA, and NHL. Several thousand students attend the two Arizona State University campuses in the city, as well as the over-50,000 who attend the main campus in neighboring Tempe.

Rental rates for apartments average around $1000 per month, but numerous more affordable options are available all over the city, from quiet houses in the suburbs to downtown efficiency apartments. Getting around Phoenix is typically done by car for most residents, but a light rail system makes it easy to get across town without a personal vehicle; Downtown and its surrounding areas are quite walkable as well.

AptsWeb.Modules.LocalGuide.Models.LocalGuideModel?.GalleryTitle

The Phoenix skyline with mountains in the background

A lone cactus and a desert sunset

Cacti in the morning

The Maricopa County Courthouse

Architecture and palm trees

The beautiful skyline of Phoenix

Rent Trends

As of August 2017, the average apartment rent in Phoenix, AZ is $676 for a studio, $816 for one bedroom, $967 for two bedrooms, and $1,267 for three bedrooms. Apartment rent in Phoenix has increased by 5.0% in the past year.

Beds
Avg Sq Ft
Avg Rent
Studio
422
$676
1 BR
658
$816
2 BR
937
$967
3 BR
1,230
$1,267
Beds
Avg Sq Ft
Avg Rent

Ratings

49 Walk Score® Car-Dependent
41 Transit Score® Some Transit
58 Bike Score® Bikeable

Nearby

Home Arizona

Phoenix Apartments for Rent

29 Apartments Available

29
Aerial
Erase
Draw your own neighborhood with Polygon™

Loading Results...

Park Lee Apartments
1600 W Highland Ave, Phoenix, AZ 85015
4 hrs
$435 - 499 1-2 Bed Available Now
855-201-7396
Puesta Del Sol
8818 S Central Ave, Phoenix, AZ 85041
2 wks
$435 - 485 Studio Not Available
480-372-3681
Sandpainter
2225 W Indian School Rd, Phoenix, AZ 85015
2 wks
$440 Studio - 1 Bed Available Now
480-428-1407
Cinnabarr Apartment Homes
4141 W Glendale Ave, Phoenix, AZ 85051
New
$500 - 525 Studio Available 09/15/17
855-691-6057
Hacienda Apartments
730 W Vogel Ave, Phoenix, AZ 85021
2 wks
$435 Studio Not Available
844-827-9680
Desert Willow
2025 W Indian School Rd, Phoenix, AZ 85015
$495 Studio Available Now
2 wks
San Marina
7002 W Indian School Rd, Phoenix, AZ 85033
$479 1 Bed Available Now
2 wks
Palm Gardens
1920 E Oak St, Phoenix, AZ 85006
No Availability 2 wks

Apartments for Rent Under $500 in Phoenix, AZ

You searched for apartments in Phoenix, AZ. Let Apartments.com help you find the perfect rental near you. Click to view any of these 29 available rental units in Phoenix to see photos, reviews, floor plans and verified information about schools, neighborhoods, unit availability and more. Apartments.com has the most extensive inventory of any apartment search site, with over 149 thousand currently available apartments for rent. You can trust Apartments.com to find your next Phoenix rental under $500.

Contact Property

Submitting Request

Thank You

Thank you! Your email has been sent.