Most Affordable Neighborhoods in Phoenix, AZ
Some of the cheapest neighborhoods in Phoenix are Stardust Skies, Northern Village, and Villas Northern. These neighborhoods offer some of the lowest rent prices in Phoenix, making them ideal for renters on a budget. As of September 26, 2025, the average rent in Phoenix is $1,307, which is 3.9% 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.
Stardust Skies
Average Rent
$850/Month
TransitScore® Rating
37/100
Units Available
19 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Stardust Skies. The average rent is $850, compared to the city average of $1,307. Stardust Skies is convenient to Acoma Park, Steele Indian School Park, and Phoenix Sky Harbor International. The community is somewhat walkable with a WalkScore® of 66.
Northern Village
Average Rent
$850/Month
Units Available
19 Rentals
Northern Village is an affordable neighborhood in Phoenix with an average rent price of $850. Compare this to the city average of $1,307. Northern Village provides easy access to Maryvale Park, Steele Indian School Park, and Conocido Park.
Villas Northern
Average Rent
$864/Month
TransitScore® Rating
41/100
Units Available
42 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, Villas Northern might be the perfect place! It has an average rent price of $864, while the city’s average stands at $1,307. Villas Northern is near Acoma Park, Park Northern, and 19Th Ave/Dunlap.
Cavalier Manor
Average Rent
$959/Month
Units Available
19 Rentals
Cavalier Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cavalier Manor is $959 while the city average is $1,307. Residents enjoy convenient access to Phoenix College, Granada Park, and Bethany West.
Homestead Terrace
Average Rent
$973/Month
TransitScore® Rating
42/100
Units Available
49 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Homestead Terrace. The average rent is $973, compared to the city average of $1,307. Homestead Terrace is convenient to Phoenix College, Alkire Park, and Phoenix Sky Harbor International. The community is car-dependent with a WalkScore® of 44.
Olive Acres
Average Rent
$979/Month
Units Available
20 Rentals
Olive Acres is an affordable neighborhood in Phoenix with an average rent price of $979. Compare this to the city average of $1,307. Olive Acres provides easy access to Acoma Park, 25Th Ave/Dunlap, and Metro Pkwy.
Braewood Estates
Average Rent
$985/Month
Units Available
64 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, Braewood Estates might be the perfect place! It has an average rent price of $985, while the city’s average stands at $1,307. Braewood Estates is near Montebello/19Th Ave, Arizona State Univ., Downtown, and Alkire Park.
Tatum Lane
Average Rent
$997/Month
TransitScore® Rating
37/100
Units Available
34 Rentals
Tatum Lane is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tatum Lane is $997 while the city average is $1,307. Residents enjoy convenient access to Tatum Point Shopping Center, Argosy University, and La Piazza Center. The neighborhood is considered somewhat walkable with a WalkScore® of 56.
Del Monte Village North
Average Rent
$1,002/Month
Units Available
55 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Del Monte Village North. The average rent is $1,002, compared to the city average of $1,307. Del Monte Village North is convenient to Steele Indian School Park, 3549 W Thomas Rd, and Phoenix Sky Harbor International.
Lake Biltmore Village
Average Rent
$1,008/Month
TransitScore® Rating
38/100
Units Available
126 Rentals
Lake Biltmore Village is an affordable neighborhood in Phoenix with an average rent price of $1,008. Compare this to the city average of $1,307. Lake Biltmore Village provides easy access to DeVry University, Arizona, Mountain View/25Th Ave, and Dreamy Draw Recreation Area. It’s a car-dependent neighborhood with a WalkScore® of 49.
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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.