Best Affordable Neighborhoods in Phoenix, AZ

Some of the cheapest neighborhoods in Phoenix are Highland West, Melrose Shadows, and Villas Northern. These neighborhoods offer some of the lowest rent prices in Phoenix, making them ideal for renters on a budget. As of February 10, 2026, the average rent in Phoenix is $1,305, which is 4% 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.

Highland West

Average Rent

$785/Month

TransitScore® Rating

39/100

Units Available

13 Rentals

Highland West is a top choice for budget-conscious renters for a variety of reasons. The average rent in Highland West is $785 while the city average is $1,305. Residents enjoy convenient access to Steele Indian School Park, Plaza del Ray, and Metro Pkwy. The neighborhood is considered somewhat walkable with a WalkScore® of 64.

Apartments for Rent in Highland West Highland West Cheap Apartments

Melrose Shadows

Average Rent

$807/Month

TransitScore® Rating

39/100

Units Available

14 Rentals

When you’re looking for a great Phoenix neighborhood on a budget, check out Melrose Shadows. The average rent is $807, compared to the city average of $1,305. Melrose Shadows is convenient to Plaza del Ray, Glendale Plaza, and North Mountain Park. The community is somewhat walkable with a WalkScore® of 62.

Apartments for Rent in Melrose Shadows Melrose Shadows Cheap Apartments

Villas Northern

Average Rent

$892/Month

TransitScore® Rating

41/100

Units Available

53 Rentals

Villas Northern is an affordable neighborhood in Phoenix with an average rent price of $892. Compare this to the city average of $1,305. Villas Northern provides easy access to Phoenix-Mesa Gateway, Argosy University, and Northern/19Th Ave. It’s a somewhat walkable neighborhood with a WalkScore® of 57.

Apartments for Rent in Villas Northern Villas Northern Cheap Apartments

Stardust Skies

Average Rent

$923/Month

TransitScore® Rating

37/100

Units Available

25 Rentals

If you’re looking for a great, affordable neighborhood in Phoenix, Stardust Skies might be the perfect place! It has an average rent price of $923, while the city’s average stands at $1,305. Stardust Skies is near Metro Pkwy, Northern Plaza, and Steele Indian School Park.

Apartments for Rent in Stardust Skies Stardust Skies Cheap Apartments

Northern Village

Average Rent

$923/Month

Units Available

25 Rentals

Northern Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northern Village is $923 while the city average is $1,305. Residents enjoy convenient access to Conocido Park, Mountain View/25Th Ave, and DeVry University, Arizona.

Apartments for Rent in Northern Village Northern Village Cheap Apartments

Cavalier Manor

Average Rent

$959/Month

Units Available

16 Rentals

When you’re looking for a great Phoenix neighborhood on a budget, check out Cavalier Manor. The average rent is $959, compared to the city average of $1,305. Cavalier Manor is convenient to Glendale/19Th Ave, Phoenix-Mesa Gateway, and Plaza Latina.

Apartments for Rent in Cavalier Manor Cavalier Manor Cheap Apartments

Cox Meadows

Average Rent

$963/Month

TransitScore® Rating

35/100

Units Available

38 Rentals

Cox Meadows is an affordable neighborhood in Phoenix with an average rent price of $963. Compare this to the city average of $1,305. Cox Meadows provides easy access to Westown Shopping Center, 19Th Ave/Dunlap, and Acoma Park. It’s a car-dependent neighborhood with a WalkScore® of 27.

Fruitland Acres

Average Rent

$968/Month

TransitScore® Rating

42/100

Units Available

40 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 $968, while the city’s average stands at $1,305. Fruitland Acres is near 7Th Ave/Camelback, Grand Canyon University, and Maryvale Park.

Apartments for Rent in Fruitland Acres Fruitland Acres Cheap Apartments Fruitland Acres Low Income Apartments

Homestead Terrace

Average Rent

$972/Month

TransitScore® Rating

42/100

Units Available

19 Rentals

Homestead Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Homestead Terrace is $972 while the city average is $1,305. Residents enjoy convenient access to Japanese Friendship Garden, El Oso Park, and Phoenix College. The neighborhood is considered car-dependent with a WalkScore® of 44.

Apartments for Rent in Homestead Terrace Homestead Terrace Cheap Apartments

Siesta Village

Average Rent

$973/Month

TransitScore® Rating

42/100

Units Available

14 Rentals

When you’re looking for a great Phoenix neighborhood on a budget, check out Siesta Village. The average rent is $973, compared to the city average of $1,305. Siesta Village is convenient to Plaza De Colores, 19Th Ave/Camelback, and 7Th Ave/Camelback. The community is walkable with a WalkScore® of 76.

Apartments for Rent in Siesta Village Siesta Village Cheap Apartments

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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.