As of the second half of 2025, average rents in Phoenix are approximately:
Studio: $1,185
One bedroom: $1,496
Two bedroom: $1,893
Three bedroom: $2,533
Apartments priced below these averages are typically considered affordable rental options in Phoenix.
As of the second half of 2025, Apartment List features around 265 cheap apartments available for rent across Phoenix. These include cheap one-bedroom, cheap two-bedroom, and cheap three-bedroom options in various neighborhoods throughout the city.
Popular neighborhoods in Phoenix that offer cheap apartments include Alhambra, Camelback East Village, and Garfield. These areas feature a wide mix of rental options that are typically priced below the city average while still offering convenient access to shopping, dining, and public transit.
To see if a specific property fits your budget, check the “Price Range” section on its Apartment List page.
With around 265 cheap apartment listings in Phoenix, it’s definitely possible to find an affordable rental that fits your budget without giving up on comfort or convenient amenities.