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Apartments for Rent in Phoenix, AZ under $500
12 Rentals Available

  • Today

    2150 E. Broadway, Phoenix, AZ 85040
    Contact for availability
    • 1 BED
    • $408
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  • Top Rated for Location
    Today

    1110 N. 16Th Street, Phoenix, AZ 85006
    5 Units available
    • Studio
    • 1 BED
    • $468+
    • $497+
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  • Top Rated for Staff
    Today

    9601 N. 17Th Avenue, Phoenix, AZ 85021
    3 Units available
    • 2 BEDS
    Ask for pricing
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  • Today

    910 S Dysart Rd, Avondale, AZ 85323
    Contact for availability
    • 1 BED
    • $400
    View Property
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Renting apartments in Phoenix, AZ under $500

Searching for apartments for rent in Phoenix, AZ under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Phoenix, AZ. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Phoenix, AZ going for $400 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

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