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Apartments for Rent in Arizona under $500

25 Rentals Available
  • a view into the kitchen from the lobby of a building with a black marble counter
    Today

    209 W. Jackson, Phoenix, AZ 85003
    Income Restricted
    STUDIO $458+
  • a swimming pool with chairs and a patio
    20
    Today

    555 E Limberlost Dr, Tucson, AZ 85705
    1 BED Ask for Pricing
  • a living room with leather furniture and a table and chairs
    59
    1 day ago

    800 E Baffert Drive, Nogales, AZ 85621
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS $366+
  • schematic diagram of a floor plan of a building
    9
    Today

    915 N 16Th St, Phoenix, AZ 85006
    STUDIO $100
  • a living room with a fireplace and a table and chairs
    Today

    675 N. 16Th Street, Phoenix, AZ 85006
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
    3 BEDS Ask for Pricing
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  • a childrens playground with a yellow slide
    Today

    9601 N. 17Th Avenue, Phoenix, AZ 85021
    Income Restricted
    2 BEDS Ask for Pricing
  • an aerial view of a building with a white roof
    5
    Today

    Unit 1, Tucson, AZ 85705
    1 BED $500
  • A sign that says Rio Verde in front of a stone wall.
    Today

    97-70205, Cottonwood, AZ 86326
    STUDIO $363+
8-0-state
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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 18 Nov 2025.

What are the best apartments in Arizona?

The best apartments in Arizona are: Cantera, Cottonwood Creek, Desert Sands, El Dorado Place and El Encanto.

What type of rental buildings are in Arizona?

In Arizona 33% of the housing is rented out compared to 67% of homes are owned, according to the most recent Census Bureau estimates. 18% of Arizona’s apartments are found in large buildings of 50 units or more, 44% are located in smaller apartment complexes with less than 50 units, and 32% are single-family rentals.

Search for apartments in Arizona under $500

There’s more than one way to spend $500 on rent in Arizona, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $500 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Arizona. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 8 apartments for rent below $500 in Arizona for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!