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Apartments for Rent in Arizona under $500
46 Rentals Available


Arizona Demographics

  • Total Population7,056,107
  • Female 3,507,196
    Male 3,548,911
  • Median Age39.4

Average Rent in Arizona

  • Arizona Average Rental Price, October 2021 $1,384 /mo

Arizona Apartment Rent Ranges

Arizona Rent Trends

Average Rent Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Oct / 2021
Arizona $1,000 $1,059 $1,086 $1,125 $1,154 $1,179 $1,177 $1,220 $1,268 $1,384
National $1,347 $1,356 $1,361 $1,393 $1,400 $1,402 $1,393 $1,397 $1,485 $1,510

Arizona Households

  • Total Number of Households2,572,790
  • Family 1,680,340
    Non-family 892,450
  • Children 790,393
    No Children 1,782,397
  • Average People Per Household2.73
  • Median Household Income$50,923
  • Median Housing Costs Per Month$832

Arizona Education Statistics

Apartments in Arizona under $500

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 47 apartments for rent in Arizona on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $500

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Arizona is 692 Sq.Ft., but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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