Best Affordable Neighborhoods in Phoenix, AZ
Some of the cheapest neighborhoods in Phoenix are Melrose Shadows, Highland West, and Villas Northern. These neighborhoods offer some of the lowest rent prices in Phoenix, making them ideal for renters on a budget. As of March 27, 2026, the average rent in Phoenix is $1,302, which is 4.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Melrose Shadows
Average Rent
$863/Month
Units Available
14 Rentals
Melrose Shadows is an affordable neighborhood in Phoenix with an average rent price of $863. Compare this to the city average of $1,302. Melrose Shadows provides easy access to North Mountain Park, Grand Canyon University, and Glendale/19Th Ave.
Highland West
Average Rent
$863/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, Highland West might be the perfect place! It has an average rent price of $863, while the city’s average stands at $1,302. Highland West is near Argosy University, Glendale/19Th Ave, and DeVry University, Arizona.
Villas Northern
Average Rent
$879/Month
Units Available
54 Rentals
Villas Northern is a top choice for budget-conscious renters for a variety of reasons. The average rent in Villas Northern is $879 while the city average is $1,302. Residents enjoy convenient access to Northern/19Th Ave, Phoenix Sky Harbor International, and Phoenix-Mesa Gateway.
Osborn Parkway
Average Rent
$895/Month
Units Available
11 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Osborn Parkway. The average rent is $895, compared to the city average of $1,302. Osborn Parkway is convenient to Central Market, Margaret T. Hance Park, and Tonto National Forest.
Stardust Skies
Average Rent
$911/Month
Units Available
25 Rentals
Stardust Skies is an affordable neighborhood in Phoenix with an average rent price of $911. Compare this to the city average of $1,302. Stardust Skies provides easy access to Metro Pkwy, Conocido Park, and Grand Canyon University.
Northern Village
Average Rent
$911/Month
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, Northern Village might be the perfect place! It has an average rent price of $911, while the city’s average stands at $1,302. Northern Village is near Park Northern, Grand Canyon University, and Mountain View/25Th Ave.
West Bartlett Estates
Average Rent
$918/Month
Units Available
21 Rentals
West Bartlett Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Bartlett Estates is $918 while the city average is $1,302. Residents enjoy convenient access to Tonto National Forest, 7Th Ave/Camelback, and Town & Country Shopping Center.
Urbandale
Average Rent
$923/Month
Units Available
24 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Urbandale. The average rent is $923, compared to the city average of $1,302. Urbandale is convenient to A-U Plaza, Gateway Community College, and Osborn/Central Ave.
Wedgewood Park
Average Rent
$939/Month
Units Available
22 Rentals
Wedgewood Park is an affordable neighborhood in Phoenix with an average rent price of $939. Compare this to the city average of $1,302. Wedgewood Park provides easy access to Japanese Friendship Garden, Alkire Park, and Phoenix-Mesa Gateway.
Fruitland Acres
Average Rent
$944/Month
Units Available
50 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, Fruitland Acres might be the perfect place! It has an average rent price of $944, while the city’s average stands at $1,302. Fruitland Acres is near Civic Space Park, Plaza 27, and Maryvale Park.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.