Welcome to Phoenix, Arizona, the Valley of the Sun! With its stunning desert landscapes, vibrant arts scene, and rich cultural history, Phoenix is an attractive destination for residents seeking a warm climate and exciting environment. However, big-city living often comes with a high price tag, particularly housing costs.
While finding an apartment close to all the excitement can be expensive, it is possible to work, play, and rent at a reasonable price. We’ve compiled a list to help you experience the best of Phoenix without breaking the bank.
The five cheapest neighborhoods in Phoenix in 2024 are:
North Mountain
- Average 1-bedroom rent in Phoenix: $1,308/month
- Average 1-bedroom rent in North Mountain: $1,128/month
- Median home value in North Mountain: $393,000
North Mountain is renowned for its natural beauty and outdoor recreational opportunities. This neighborhood is ideal for those who appreciate a more relaxed pace while still being close to the city’s activities. North Mountain offers affordable living with a scenic backdrop.
Things to do in North Mountain
The highlight of North Mountain is its abundance of outdoor activities. North Mountain Park offers numerous hiking trails, picnic spots, and breathtaking views of the desert landscape. For those interested in golf, the Palo Verde Golf Course provides a great place to enjoy a game amidst serene surroundings.
North Mountain has a lot to offer outside of outdoor adventures. Locally owned restaurants and shops along 7th Street and Dunlap Avenue balance the outdoor activities and allow residents to enjoy the neighborhood’s unique character.
Transportation
Commuting is convenient for North Mountain residents, with access to major roads like SR-51 and I-17 streamlining travel throughout the city. Public bus services provide additional transportation options in the neighborhood and surrounding areas.
Maryvale
- Average 1-bedroom rent in Phoenix: $1,308/month
- Average 1-bedroom rent in Maryvale: $1,216/month
- Median Home Value in Maryvale: $347,000
Maryvale is a diverse and affordable neighborhood with a rich cultural heritage. It offers residents a variety of recreational activities and easy access to downtown Phoenix, making it an attractive option for budget-conscious renters.
Things to do in Maryvale
Living in Maryvale provides plenty of activities. The Desert Sky Mall is a popular shopping destination, and restaurants on West Indian School Road are favorites of the locals. Sports enthusiasts can catch a game at the American Family Fields of Phoenix, where the Milwaukee Brewers conduct spring training. Maryvale Community Center offers a range of recreational facilities, including sports courts, playgrounds, and picnic areas.
Transportation
Maryvale is conveniently located near major highways such as I-10 and US-60, and the neighborhood is also serviced by several bus routes and the Valley Metro Rail.
South West Valley
- Average 1-bedroom rent in Phoenix: $1,308/month
- Average 1-bedroom rent in South West Valley: $1,242/month
- Median Home Value in South West Valley: $770,000
South West Valley is a sprawling neighborhood that offers a mix of residential charm and commercial amenities. Known for its affordability and friendly atmosphere, this area is perfect for those seeking a budget-conscious lifestyle without sacrificing convenience.
Things to do in South West Valley
The South West Valley has plenty to offer. Residents enjoy restaurants, boutiques, and live music at Westgate Entertainment District. Sports fields, playgrounds, and picnic tables at Friendship Park make for a fun day out along the Agua Fria River. The area also hosts various events and farmers' markets throughout the year, promoting a close-knit community.
Transportation
Residents benefit from proximity to major highways like I-10 and Loop 101 and the Valley Metro bus and light rail options.
North Phoenix
- Average 1-bedroom rent in Phoenix: $1,308/month
- Average 1-bedroom rent in North Phoenix: $1,263/month
- Median Home Value in North Phoenix: $510,000
North Phoenix provides residents with suburban comfort and city convenience, making it an ideal choice for renters looking to settle down without breaking the bank.
Things to do in North Phoenix
Living in North Phoenix means being close to a variety of recreational and entertainment options. The Phoenix Mountains Preserve offers biking and hiking trails for outdoor enthusiasts, the most notable of which is the Piestewa Peak Summit Trail. Desert Ridge Marketplace provides a wide selection of stores and restaurants for shopping and dining. The Musical Instrument Museum also offers unique exhibits and live performances, adding a cultural touch to the neighborhood.
Transportation
Major highways like I-17 and Loop 101 facilitate commutes to Downtown Phoenix and other parts of the city. The neighborhood is also well-served by public transportation, including bus routes connecting residents to various parts of the metro area.
Paradise Valley North
- Average 1-bedroom rent in Phoenix: $1,308/month
- Average 1-bedroom rent in Paradise Valley North: $1,330/month
- Median Home Value in Paradise Valley North: $573,000
Paradise Valley North is an upscale yet affordable neighborhood characterized by its serene environment. With well-maintained properties and peaceful streets, this area is perfect for those who want a quiet retreat within the city.
Things to do in Paradise Valley North
Residents of Paradise Valley North have plenty of activities to choose from. The Reach 11 Recreation Area offers extensive hiking, biking, and horseback riding trails. The Stonecreek Golf Club provides a challenging golf course with beautiful scenery. Shopping at the nearby Kierland Commons and Tthe Promenade Scottsdale ensures that residents don’t have to compromise city comforts in favor of natural beauty.
Transportation
Commuters in Paradise Valley North enjoy straightforward access to Loop 101 and SR-51, as well as public transit options throughout Phoenix.
Make the Most of Your Move with Apartments.com
Whether you’re dropping in for a short-term lease or hoping to set down roots, Apartments.com has the tools to help you find an affordable apartment easily. Navigate housing across neighborhoods with our customized search engine. Once you find the perfect location, narrow the search within a price range that works for you.
No matter the budget, the options are endless with Apartments.com. Ready to get started? Pay less, live more, and rent on.
*Apartment rent data provided by CoStar Group’s July 2024 reports
