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Frequently Asked Questions
What are the cheapest apartments in Phoenix, AZ?
Many factors can influence the price of a rental, including its size and location. Depending on where you want to rent and how much space you need, prices vary. The cheapest apartments are likely to be studios—smaller apartments—located further away from major interest points in the Phoenix, AZ area.
How big is a cheap apartment in Phoenix, AZ?
“Cheap” is a relative term which does not imply that the apartment is extremely small or low-quality. There are buildings and units specifically built for affordability purposes. As such, you can find cheap apartments in any size, ranging from studio apartments, 1-bedroom, 2-bedroom, to even 3-bedroom apartments. The average size of an apartment in Phoenix, AZ is 800 sq. ft.
How much rent can I afford in Phoenix, AZ?
The recommended percentage to be spent on rent is 30% of your monthly income. To figure out how much that means, you can use RENTCafé’s rent affordability calculator to find your range for rentals in Phoenix, AZ.
How can I search for cheap apartments for rent in Phoenix, AZ?
When searching for specific types of rental apartments in Phoenix, AZ, go on RENTCafé’s search page and filter by price, size, or amenities. For cheap apartments, you can either type in a price range, or sort them automatically by selecting “cheap” under the “price category” from the “more” drop-down menu.
Renting a Cheap Apartment in Phoenix
Arizona’s largest city and capital, Phoenix is considered a great place to work and live. The city has a dry subtropical climate, colorful history, and has been growing rapidly. Phoenix has a unique urban village organization with 15 designated villages within the city limits. Residents from each area serve on advisory councils to help guide planning and growth in the area. Phoenix’ economy is driven by government, major companies, education, and tourism. Golf is a major visitor draw, and many Grand Canyon visitors fly into Phoenix to travel to the park (a four hour drive). The Cardinals (football), Diamondbacks (baseball), and Suns (basketball) are the major sports teams.
Phoenix, AZ Demographics
- Total Population1,574,421
Female 784,828Male 789,593
- Median Age33.3
Average Rent in Phoenix, AZ
- Phoenix, AZ Average Rental Price, December 2019 $1,123 /mo
Phoenix, AZ Apartment Rent Ranges
- > $2,0002%
Phoenix, AZ Rent Trends
|Nov / 2016||Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Dec / 2019|
Average rent is projected to grow by 8% in 2019 compared to 2018.
Please note that projected rent growth is calculated at city level.
Phoenix, AZ Households
- Total Number of Households544,022
Family 345,463Non-family 198,559
Children 195,746No Children 348,276
- Average People Per Household2.86
- Median Household Income$52,080
- Median Housing Costs Per Month$1,023
Phoenix, AZ Education Statistics
- No High School8%
- Some High School35%
- Some College25%
- Associate Degree7%
- Bachelor Degree16%
- Graduate Degree9%
Looking for a cheap apartment for rent in Phoenix, AZ? With RENTCafé, finding an affordable apartment in Phoenix, AZ has never been easier. We feature 532 low-priced rentals directly from property managers, with rents lower than the Phoenix, AZ average. What is a cheap rent in Phoenix, AZ? The average apartment rent in Phoenix is $1,123 per month so any rental south of $898 would be considered cheap here. On RENTCafé, Phoenix, AZ rents go as low as $340/mo.