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Cheap Apartments for Rent in Phoenix, AZ - 483 Rentals available

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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 784,828
    Male 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

    • $501-$7003%
    • $701-$1,00038%
    • $1,001-$1,50048%
    • $1,501-$2,0009%
    • > $2,0002%

    Phoenix, AZ Rent Trends

    Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
    Phoenix, AZ $893 $905 $931 $937 $955 $991 $1,014 $1,041 $1,082 $1,114 $1,123
    National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
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    Average rent is projected to grow by 8% in 2019 compared to 2018.

    Please note that projected rent growth is calculated at city level.

    Check out the average rent prices in Phoenix by neighborhood.

    Phoenix, AZ Households

    • Total Number of Households544,022
    • Family 345,463
      Non-family 198,559
    • Children 195,746
      No 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.

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