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Apartments for Rent in Phoenix, AZ under $500

Apartments for Rent in Phoenix, AZ under $500. 14 Rentals Available
14 Rentals Available
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  • schematic diagram of a floor plan of a building
    Only 1 unit left
    Studio $100
    Base rent
    Verified Listing

    915 N 16Th St, Phoenix, AZ 85006
    Apply online
  • a view into the kitchen from the lobby of a building with a black marble counter
    11 units available
    Studio $458+
    Base rent Income restricted
    Verified Listing

    4.0 (13)
    209 W. Jackson, Phoenix, AZ 85003
    Apply online • Pet friendly
  • a childrens playground with a yellow slide
    Ask for Pricing
    Income restricted
    Verified Listing

    4.0 (15)
    9601 N. 17Th Avenue, Phoenix, AZ 85021
    Apply online • Pet friendly
  • 12830 N Paradise Village Pkwy West 1-2 Beds Apartment for Rent
    Ask for pricing
    Income restricted
    Verified Listing

    4.0 (1)
    12830 N Paradise Village Pkwy West, Phoenix, AZ 85032
    Pet friendly
4-0-city
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Frequently asked questions

When were prices and availability in Phoenix, AZ last updated?

Prices and availability in Phoenix, AZ were last updated on 2 Jun 2026.

What are the best apartments in Phoenix, AZ?
What type of rental buildings are in Phoenix, AZ?

In Phoenix, 43% of the residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 25% of Phoenix's rentals, 45% are small-scale complexes with under 50 units, and 28% are single-family rentals.