Phoenix, AZ. - In addition to being one of the fastest-growing cities in America, Phoenix also led the nation with the highest inflation rate last year, due in large part to the number of new residents moving to the area, which is making everything more expensive.
And that's especially the case when it comes to the housing market.
Take renting an apartment, for example. The average renter in the city is now paying over $1,500 to rent a modest apartment in Phoenix. However, the metro area still offers more affordable housing options.
1. Thrive Tempe Apartments - Tempe
The Thrive Tempe Apartments sometimes has units available for monthly rates as low as $567 a per person, depending on leasing specials and terms.
Amenities include being near Arizona State University and Tempe Lake Park, as well as laundry facilities, and on-site maintenance.
2. Northern Chateau Apartments - Phoenix
This property occasionally has studio apartments for $759 a month. That even includes free utilities and furnishings.
Other perks include a swimming pol and sundeck, package service, and walk-in closets.
3. Sunrise on 35th - Phoenix
Another less expensive rental option in the city, Sunrise on 35th, has cozy studio units that start at $800 a month.
Community amenities include paid utilities, high-speed internet access, on-site laundry, and living in a smoke-free environment.
4. Golden Sands Apartments - Apache Junction
The Golden Sands Apartments have one-bedroom units that rent for as low as $775 a month, which includes all utilities.
Residents enjoy a wide range of amenities like a swimming pool, business center, free basic cable, laundry facilities, and living near hiking trails, just to name a few.
5. Orchard Mesa (Senior Housing) - Mesa
If you are looking for a 55-and-older community, the Orchard Mesa Active Senior Living community has one-bedroom units that rent for as low as $744 a month.
Amenities include planned social acivities, a media room and movie theater, controlled access for added security, and a swimming pool with a clubhouse.
6. Terra Villa Apartments - Phoenix
Back in the city, the Terra Villa Apartments in Midtown have cozy studio units that start at around $800 a month.
Residents enjoy having all of their utilities included in the rent, covered parking, high-speed internet access, walk-in closets, and a swimming pool with a clubhouse.
7. Park Lee - Phoenix
Another Midtown community, Park Lee has spacious one-bedroom units that start at just $715 a month.
Amenities include on-site management and well-maintained facilities, daycare services, nice outdoor spaces, including a picnic area, and a refreshing swimming pool to cool off on those hot summer days.
8. Lofts @ 10 Apartments - Phoenix
Finally, if you are looking for a convenient city location near public transportation, the Lofts @ 10 Apartments often has one-bedroom units that rent for as low as $771 a month.
Residents enjoy community amenities like living near downtown, covered parking, limited access entries for more security, and private balconies and patios.