The 5 Cheapest Phoenix, AZ Neighborhoods To Live In For 2024

The cheapest Phoenix neighborhoods are New Village and Deer Valley for 2024 based on Saturday Night Science.

Worst Neighborhoods In Phoenix
Source: Public domain

Everything else equal, we can all agree that living in a cheaper place is better than living in a more expensive place.

I’d much rather pay $500/mo in rent than $1,000. And I’d rather pay $2 for coffee than $5.

And while every neighbhorhood in Phoenix might be more expensive than living in rural Arizona, there are certain neighborhoods that are definitely cheaper.

What exactly are those Phoenix neighborhoods where your dollar goes a little further — you can get that one bedroom instead of the studio?

Instead of relying on public opinion and speculation, we wanted to get the facts straight and determine which neighborhoods in Phoenix are the cheapest using Saturday Night Science.

The Cheapest Neighborhoods In Phoenix For 2024

  1. New Village
  2. Deer Valley
  3. North Gateway
  4. Estrella
  5. Alahambra

What’s the cheapest neighborhood to live in Phoenix for 2024? According to the most recent census data, New Village looks to be the cheapest Phoenix neighborhood to live in.

At this point, we should make it clear that you do get what you pay for — some of these neighborhoods might not be the best places to live in Phoenix. You could be sacrificing location or crime rates for more space and cheaper groceries.

Read on to see how we determined the places around Phoenix that deserve a little bragging rights, or maybe you’re interested in the worst neighborhoods in Phoenix.

For more Arizona reading, check out:

Table Of Contents: Top Ten | Methodology | Summary | Table

The 5 Cheapest Neighborhoods To Live In Phoenix For 2024

Overall SnackAbility


Population: 5,653
Cost Of Living Index: 94 (7th cheapest)
Home Value To Income Ratio: 1.8 (cheapest)
Rent To Income Ratio: 0.008 (cheapest)
More on New Village: Data | Real Estate

Deer Valley Phoenix, AZ

Source: Wikipedia User | CC BY-SA 3.0
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Population: 183,274
Cost Of Living Index: 96 (8th cheapest)
Home Value To Income Ratio: 2.9 (2nd cheapest)
Rent To Income Ratio: 0.018 (7th cheapest)
More on Deer Valley: Data | Real Estate

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Population: 22,664
Cost Of Living Index: 107 (12th cheapest)
Home Value To Income Ratio: 3.0 (4th cheapest)
Rent To Income Ratio: 0.013 (2nd cheapest)
More on North Gateway: Data | Real Estate

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Population: 90,378
Cost Of Living Index: 87 (2nd cheapest)
Home Value To Income Ratio: 3.0 (3rd cheapest)
Rent To Income Ratio: 0.021 (13th cheapest)
More on Estrella: Data | Real Estate

Alahambra Phoenix, AZ

Source: Wikipedia User Ixnayonthetimmay | GFDL
Overall SnackAbility


Population: 134,116
Cost Of Living Index: 92 (5th cheapest)
Home Value To Income Ratio: 3.2 (7th cheapest)
Rent To Income Ratio: 0.018 (10th cheapest)
More on Alahambra: Data | Real Estate

Methodology: How We Determined The Cheapest Phoenix Hoods In 2024

To rank the cheapest places to live in Phoenix, we had to determine what criteria define “cheap” and then apply Saturday Night Science.

Using Census and extrapolated BLS data, we arrived at the following set of criteria:

  • Overall Cost Of Living
  • Rent To Income Ratio
  • Median Home Value To Income Ratio

We then ranked each neighborhood with scores from 1 to 15 in each category, where 1 was the cheapest.

Next, we averaged the rankings for each neighborhood to create a cheap neighborhood index.

And finally, we crowned the neighborhood with the lowest cheapest neighborhood index, the “Cheapest City Neighborhood In Phoenix.” We’re lookin’ at you, New Village.

We updated this article for 2024. This is our fourth time ranking the cheapest neighborhoods to live in Phoenix. Skip to the end to see the list of all the neighborhoods in the city, from cheapest to most expensive.

Summary: Lowest Cost Places To Live In Phoenix

If you’re measuring the neighborhoods in Phoenix where prices are low, and it’s cheap to live, this is an accurate list.

The most affordable neighborhoods in Phoenix are New Village, Deer Valley, North Gateway, Estrella, Alahambra, Maryvale, South Mountain, Laveen, North Mountain, and Ahwatukee Foothills.

As mentioned earlier, the neighborhoods in Phoenix aren’t all cheap. Paradise Valley takes the title of the most expensive neighborhood to live in Phoenix.

The most expensive neighborhoods in Phoenix are Paradise Valley, Desert View, Central City, Encanto, and Camelback East.

We ranked the neighborhoods from cheapest to most expensive in the chart below.

For more Arizona reading, check out:

Detailed List Of The Cheapest Neighborhoods To Live In Phoenix For 2024

Rank Neighborhood Cost Of Living Index
1 New Village 94
2 Deer Valley 96
3 North Gateway 107
4 Estrella 87
5 Alahambra 92
6 Maryvale 87
7 South Mountain 89
8 Laveen 100
9 North Mountain 93
10 Ahwatukee Foothills 114
11 Camelback East 105
12 Encanto 97
13 Central City 85
14 Desert View 123
15 Paradise Valley 108
About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.