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  • Desert
  • Golf
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  • Parks
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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.


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.

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


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Phoenix Apartments for Rent

29 Apartments Available

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Park Lee Apartments
1600 W Highland Ave, Phoenix, AZ 85015
4 hrs
$435 - 499 1-2 Bed Available Now
Puesta Del Sol
8818 S Central Ave, Phoenix, AZ 85041
2 wks
$435 - 485 Studio Not Available
2225 W Indian School Rd, Phoenix, AZ 85015
2 wks
$440 Studio - 1 Bed Available Now
Cinnabarr Apartment Homes
4141 W Glendale Ave, Phoenix, AZ 85051
$500 - 525 Studio Available 09/15/17
Hacienda Apartments
730 W Vogel Ave, Phoenix, AZ 85021
2 wks
$435 Studio Not Available
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 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. has the most extensive inventory of any apartment search site, with over 149 thousand currently available apartments for rent. You can trust to find your next Phoenix rental under $500.

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