Apartments for Rent in Arizona under $500
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Studio $500+Total monthly cost3.5 (20)1601 W. Camelback Rd., Phoenix, AZ 85015Apply online • Pet friendly
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Studio $500+Total monthly cost1601 W. Camelback Rd., Phoenix, AZ 85015Apply online • Pet friendly • Air conditioner
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Studio $420Base rent10245 N. 87Th Ave., Phoenix, AZ 85345Pet friendly • In unit laundry • Large Closets
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3 bd $235+Base rent5.0 (1)800 E Baffert Drive, Nogales, AZ 85621Apply online • Pet friendly • Fitness center
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Studio $496+Base rent Income restricted5102 N 11Th. Ave, Phoenix, AZ 85013Apply online • Pet friendly • Parking
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1 bd $476+Base rent Income restricted16819 N 42Nd Ave, Phoenix, AZ 85053Apply online • Pet friendly • Pool
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1 bd $242+Base rent Income restricted4.0 (2)1717 West Glendale Avenue, Phoenix, AZ 85021Apply online • Pet friendly • Pool
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Ask for PricingIncome restricted4.0 (15)9601 N. 17Th Avenue, Phoenix, AZ 85021Apply online • Pet friendly • Parking
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Ask for pricing13613 N. Main Street, El Mirage, AZ 85335Parking • Pool • Dishwasher
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2 bd $357+Base rent4500 CAMPUS DRIVE, SIERRA VISTA, AZ 85635Pet friendly
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4 bd $381Base rent5.0 (1)350 N. 7TH ST., SIERRA VISTA, AZ 85635Pet friendly
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1 bd $340Base rent Income restricted4.0 (1)12830 N Paradise Village Pkwy West, Phoenix, AZ 85032Pet friendly -
Studio $400Base rent1120 North Justice Drive, Oracle, AZ 85623Pet friendly
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Frequently asked questions
When were prices and availability in Arizona last updated?
Prices and availability in Arizona were last updated on 15 Jul 2026.
What are the best apartments in Arizona?
The best apartments in Arizona are: Verde Apartments, Promontory, Oakridge Apartments, Agave Apartments and Solara.
What type of rental buildings are in Arizona?
In Arizona, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Arizona's rentals, 44% are small-scale complexes with under 50 units, and 32% are single-family rentals.
Your search for apartments in Arizona under $500 stops here
Finding apartments for rent in Arizona for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 30 available units in Arizona, renting for under $500. On average, $561 can get you 867 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Arizona goes for $235 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.