In The Valley of the Sun, the job market is as hot as the weather is sizzling. In fact, Forbes named Phoenix the 11th fastest-growing city in America. Ample job opportunities, diverse and thriving neighborhoods, and low housing costs make Arizona’s Urban Heart one of the best cities for Millennials.
Yardi Matrix data shows that the city’s average rent sits around $816/month, which is $300 below the national average. If this is still to pricey for you, rest easy: you can rent great apartments for even less and maximize your savings!
From studios to 2-bedroom units, check out our prime selection of 5 awesome and affordable apartments for rent in Phoenix, each around $600/month:
StonyBrook Apartments, Maryvale: $535/month for a 1-bed apartment, 540 sq. ft.
The contemporary 1-bedroom units at Stonybrook Apartments feature open concept floor plans for maximum space and light. With new wood vinyl flooring, gourmet kitchens, and walk-in closets, the apartments blend modern style with practical comfort. The community has two playgrounds and two swimming pools – plenty to keep the kids busy. There are also fitness and laundry centers, both of which are open 24 hours.

The Park At Deer Valley Apartments, Deer Valley: $649/month for a 2-bed apartment, 766 sq. ft.
These 1 and 2-bedroom apartments at The Park at Deer Valley are washer/dryer equipped, come with brand new carpeting, and feature a host of hot, new community amenities. For pet-owners, there’s the on-site dog park. For athletic types, there’s the universal gym and basketball court. For those who just want to kick back, there are two resort-style pools, a spa, and an outdoor deck and fire pit. With all these in your backyard you might find it hard to leave home. But if you do, Deer Valley has plenty of excellent shopping, dining, and entertainment options nearby.

Autumn Ridge Apartments, North Mountain: $651/month for a 2-bed apartment, 816 sq. ft.
Anyone with a family or looking to start one will love the spacious Autumn Ridge Apartments. The 2-bedroom units start at $651, with 1- and 3-bedroom options available as well. Hardwood floors and upgraded appliances – including full-sized washer and dryer combos – are featured for style and convenience. Some units have upscale amenities, like all-black appliances, fireplaces, upgraded cabinetry, and designer-selected paint colors. You can shoot hoops or play doubles at the basketball and volleyball courts, or hang out at the resident Clubhouse. And what better way to beat the heat than by cooling off in a resort-style pool?

Paradise Palms Apartments, Camelback East: $625/month for a 1-bed apartment, 550 sq. ft.
Walk-in closets, vaulted ceilings, and your very own private patio; Paradise Palms apartments are the cream of the crop. These sleek and modern units range from studios to 3-bedroom apartments, all set in the heart of Biltmore. Residents are just steps away from the nearby Fashion Park, and minutes from downtown. Should you choose to spend more time at home, you can fire up one of the community grill stations or hang out by the pool. Apartments boast washer-dryer combos, gourmet kitchens with a complete appliance package, energy efficient appliances, and oversized walk-in closets. Plus, your furry friends are more than welcome!

The Edge Apartments, Paradise Valley: $650/month for a studio apartment, 528 sq. ft.
A unique atmosphere of luxury and comfortable living is awaiting residents at The Edge Apartments in Paradise Valley. Classic meets modern-style ambiance in these elegant studio apartments. Dishwashers, refrigerators, and carpeting come standard, while select units add bonuses like upgraded appliances and countertops, contemporary lighting, accent walls, and built-in microwaves. The pet-friendly community showcases resort-style landscaping, two sparkling pools and two spas, picnic areas with grills, and a 24-hour athletic center. The gated community is family-oriented, close to the best of Paradise Valley’s shopping, dining, schools, and entertainment.

Beat the heat and high rental prices in The Valley of the Sun: discover more affordable apartments for rent in Phoenix and find your perfect match.
Do you want to rent?
Finding the perfect home is not an easy task, so make sure to explore all your options. There are many affordable apartments for rent under $600 in Phoenix. However, if you’re willing to splurge a little, browse a generous selection of apartments under $800. Expand your choices even more and take a look at all the amazing apartments available under $1,000 in Phoenix. You can see all the options in the list below.