Most Affordable Neighborhoods in Phoenix, AZ
Some of the cheapest neighborhoods in Phoenix are Cavalier Manor, Villas Northern, and Lori Heights. These neighborhoods offer some of the lowest rent prices in Phoenix, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Phoenix is $1,338, which is 2.8% 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.
Cavalier Manor
Average Rent
$885/Month
Units Available
26 Rentals
Cavalier Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cavalier Manor is $885 while the city average is $1,338. Residents enjoy convenient access to Bethany Plaza, Maryvale Park, and Granada Park.
Villas Northern
Average Rent
$888/Month
TransitScore® Rating
41/100
Units Available
44 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Villas Northern. The average rent is $888, compared to the city average of $1,338. Villas Northern is convenient to Metro Pkwy, 35th and Northern Plaza, and Grand Canyon University. The community is somewhat walkable with a WalkScore® of 57.
Lori Heights
Average Rent
$911/Month
TransitScore® Rating
35/100
Units Available
20 Rentals
Lori Heights is an affordable neighborhood in Phoenix with an average rent price of $911. Compare this to the city average of $1,338. Lori Heights provides easy access to Metro Pkwy, Mountain View/25Th Ave, and Foothill Village. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
West Bartlett Estates
Average Rent
$914/Month
TransitScore® Rating
42/100
Units Available
29 Rentals
If you’re looking for a great, affordable neighborhood in Phoenix, West Bartlett Estates might be the perfect place! It has an average rent price of $914, while the city’s average stands at $1,338. West Bartlett Estates is near Steele Indian School Park, Arizona State Univ., Downtown, and Campbell/Central Ave.
Braewood Estates
Average Rent
$933/Month
Units Available
33 Rentals
Braewood Estates is a top choice for budget-conscious renters for a variety of reasons. The average rent in Braewood Estates is $933 while the city average is $1,338. Residents enjoy convenient access to McDowell Square, Maryvale Park, and 19Th Ave/Camelback.
Elm Acres
Average Rent
$942/Month
TransitScore® Rating
54/100
Units Available
11 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Elm Acres. The average rent is $942, compared to the city average of $1,338. Elm Acres is convenient to Desert Storm Park, DeVry University, Arizona, and Grand Canyon University. The community is walkable with a WalkScore® of 75.
Northern Village
Average Rent
$943/Month
Units Available
19 Rentals
Northern Village is an affordable neighborhood in Phoenix with an average rent price of $943. Compare this to the city average of $1,338. Northern Village provides easy access to Mountain View/25Th Ave, Conocido Park, and Phoenix-Mesa Gateway.
Stardust Skies
Average Rent
$944/Month
TransitScore® Rating
37/100
Units Available
18 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 $944, while the city’s average stands at $1,338. Stardust Skies is near 25Th Ave/Dunlap, Northern Plaza, and DeVry University, Arizona.
Homestead Terrace
Average Rent
$982/Month
TransitScore® Rating
42/100
Units Available
31 Rentals
Homestead Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Homestead Terrace is $982 while the city average is $1,338. Residents enjoy convenient access to Cartwright Pointe Plaza, 7Th Ave/Camelback, and Phoenix Sky Harbor International. The neighborhood is considered car-dependent with a WalkScore® of 44.
Olive Acres
Average Rent
$985/Month
Units Available
20 Rentals
When you’re looking for a great Phoenix neighborhood on a budget, check out Olive Acres. The average rent is $985, compared to the city average of $1,338. Olive Acres is convenient to DeVry University, Arizona, Grand Canyon University, and Acoma 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.