Downtown Phoenix Homes under $500,000

Downtown Phoenix Homes under $500,000

Welcome to Downtown Phoenix, a vibrant hub where urban sophistication meets rich cultural heritage. Nestled in the heart of Arizona's capital, this dynamic neighborhood is a melting pot of art, cuisine, and community spirit. With its striking skyline, historic buildings, and bustling streets, Downtown Phoenix is a place where excitement thrives and opportunities abound.

For those seeking a home in this lively area, you’ll find an array of charming properties available for under $500,000. Whether you're a first-time homebuyer, a young professional, or looking to downsize, Downtown Phoenix offers a diverse selection of homes that cater to various lifestyles and budgets. From modern condos with breathtaking city views to cozy townhomes nestled in friendly communities, there’s something here for everyone.

Living in Downtown Phoenix means you’re just steps away from an eclectic mix of restaurants, cafes, and entertainment options. Enjoy a night out at one of the many local theaters, catch a game at the Footprint Center, or explore the vibrant arts scene at the Phoenix Art Museum. The area also boasts beautiful parks and green spaces, perfect for a leisurely stroll or an afternoon picnic with friends.

With its convenient access to public transportation and major highways, commuting to other parts of the Valley is a breeze. Embrace the urban lifestyle and discover the charm of Downtown Phoenix, where your dream home awaits at an accessible price. Experience the best of city living in a community that truly has it all!

Newest Downtown Phoenix Homes under $500,000

1130 N 2nd Street Unit 210, Phoenix
$314,999
1 Beds ⋅ 1 Baths ⋅ 7087832 MLS ⋅ 683 SqFt.
Fantastic modern condo in Roosevelt Row Arts District, in Downtown Phoenix. Perfectly situated adjacent to Margaret T. Hance Park and just 2 blocks off of Roosevelt Row, this modern 1 bedroom condo sits in quiet oasis with all the downtown amenities right at your doorstep! In through secure, gated access, a beautiful meditative fountain welcomes you into this quiet community, featuring private, covered parking, fabulous swimming pool and BBQ area. Modern layout offers tall ceilings and ample natural light throughout. Spacious kitchen opens to the living room and features, granite counters, white cabinets and matching modern white appliances, expansive island and fabulous downtown rooftop views. High ceilings and views continue into the ample size bedroom and bath, and full size,

1130 N 2nd Street Unit 210, Phoenix
1326 N Central Avenue Unit 409, Phoenix
$375,000
1 Beds ⋅ 2 Baths ⋅ 7084383 MLS ⋅ 1,101 SqFt.
Experience downtown Phoenix living with a little extra peace and privacy at Artisan Lofts! This spacious 1-bedroom 2 bath loft offers 1,101 sq. ft. of open living space and abundant natural light. Enjoy a new A/C system and the convenience of two gated garage parking spaces. The community features a stunning resort style pool and rooftop access with sweeping views of downtown Phoenix. Just minutes from the city's newest and favorite restaurants, coffee shops, and bars, yet tucked away from the hustle and noise of downtown. With easy access to the light rail, this is urban living at its best!

1326 N Central Avenue Unit 409, Phoenix
310 S 4th Street Unit 1207, Phoenix
$365,000
1 Beds ⋅ 2 Baths ⋅ 7081227 MLS ⋅ 1,074 SqFt.
1 Bed plus den furnished Industrial Chic downtown Phoenix living at The Summit in Copper Square! Directly across from Chase Field this stunner is on the 12th floor, step out and enjoy your personal balcony with stadium views and east valley mountain views, enjoy premium Viking appliances or head up to the Summit upper levels to get a workout in the fitness center and enjoy the heated pool/spa, sauna and a shower, built in BBQ/fire pit, and for the pets the outdoor artificial grass area suffices. For other 1st class amenities hit the rooftop terrace for the views or close the deal in the private conference room. Short distance to Suns arena, light rail, restaurants, ASU DT & Convention Center. Summit perks 24/7 front desk, reserved parking and a storage unit. NO STR, year lease per HOA.

310 S 4th Street Unit 1207, Phoenix
805 N 4th Avenue Unit 607, Phoenix
$269,000
1 Beds ⋅ 1 Baths ⋅ 7080027 MLS ⋅ 720 SqFt.
Experience breathtaking city skyline views from this fully furnished 6th-floor European-inspired residence in a classic mid-century high-rise, ideally situated in the heart of Downtown Phoenix's Historic Roosevelt District. Residents enjoy an impressive selection of amenities. The property also offers an assigned parking space, with additional guest parking available. Conveniently located just moments from the Phoenix Light Rail, downtown restaurants, bars, shopping, and entertainment, this exceptional home is also only 7 miles from Phoenix Sky Harbor International Airport. Listing agent is related to the owner/LLC member. The community pool is currently under construction, adding another anticipated amenity for residents to enjoy upon completion.

805 N 4th Avenue Unit 607, Phoenix
805 N 4th Avenue Unit 1008, Phoenix
$299,000
1 Beds ⋅ 1 Baths ⋅ 7074395 MLS ⋅ 720 SqFt.
Step into a beautifully fully remodeled residence in the heart of Downtown Phoenix, where modern updates meet effortless urban living. Unit 1008 has been thoughtfully transformed throughout, creating a fresh, contemporary interior that is truly move-in ready. The open and inviting floor plan is complemented by stylish finishes, abundant natural light, and an elevated feel that sets this residence apart. Perfect as a primary residence, lock-and-leave city home, or investment property, this turnkey condo offers the opportunity to enjoy Downtown Phoenix without the need for renovations or updates. The central location places you just minutes from Roosevelt Row, popular restaurants and nightlife, sporting and entertainment venues, cultural attractions, and major employment centers. Phoenix Sky Harbor International Airport and major freeways are also conveniently accessible. The community pool is currently under construction, adding another anticipated amenity for residents to enjoy upon completion. For buyers considering an investment property or a furnished residence, the existing furniture is available under a separate agreement at no additional cost, offering the convenience of a potentially ready-to-rent or move-in-ready home without the expense of furnishing it from scratch. Fully remodeled, centrally located, and ready to enjoy--Unit 1008 offers a standout opportunity to own in the heart of Downtown Phoenix. Listing Agent related to Seller.

805 N 4th Avenue Unit 1008, Phoenix
310 S 4th Street Unit 1103, Phoenix
$340,000
1 Beds ⋅ 2 Baths ⋅ 7071412 MLS ⋅ 1,020 SqFt.
310 S 4th St #1103 - Experience elevated downtown Phoenix living at Summit at Copper Square in this stunning 1-bedroom, 1.5-bath residence on the 11th floor, showcasing spectacular city and mountain views from the living room, bedroom, and private balcony. The spacious kitchen features rich cherry cabinetry, granite countertops, and stainless steel appliances. The generously sized bedroom offers a large walk-in closet, while the beautifully appointed primary bath boasts granite counters, a large glass-and-tile shower, and separate soaking tub. Enjoy an exceptional array of amenities, including 24-hour reception, fitness center, heated pool and spa, 5th-floor party deck, conference room, and a spectacular 23rd-floor entertainment area with firepit plus panoramic city and mountain views Assigned underground parking, private storage, and convenient elevator access add to the ease of downtown living. HOA includes WiFi, water, gas, sewer, and trash. Ideally located near Chase Field, Footprint Center, light rail, dining, entertainment, and shopping, this is a premier opportunity to enjoy the ultimate downtown Phoenix lifestyle. HOA fee has an additional assessment pf $97.47 + admin fee of $4.95. This assessment was for pool repairs and was financed almost 10 years ago by a 10 year loan. This assessment should be paid off by end of the year.

310 S 4th Street Unit 1103, Phoenix
805 N 4th Avenue Unit 502, Phoenix
$279,000
1 Beds ⋅ 1 Baths ⋅ 7068898 MLS ⋅ 720 SqFt.
Experience the energy of Downtown Phoenix from this contemporary urban residence at 805 N 4th Avenue. Unit 502 offers a bright, inviting interior with an open-concept layout designed for comfortable everyday living and effortless entertaining. Modern finishes, generous natural light, and a convenient location make this an appealing option for those seeking a primary residence, lock-and-leave city retreat, or investment property. Located just moments from Roosevelt Row, Downtown Phoenix dining, entertainment, sporting venues, cultural attractions, and major employment centers, the residence puts some of the city's most popular destinations within easy reach. Convenient access to major freeways and Phoenix Sky Harbor International Airport adds to the appeal for both residents and potential tenants. The community also features a pool currently under construction, providing an exciting addition to the building's amenities upon completion. For buyers considering the property as an investment, the existing furniture is available under a separate agreement at no additional cost, allowing for the possibility of a furnished, ready-to-rent residence without the time and expense of furnishing it from scratch. A versatile Downtown Phoenix opportunity combining location, convenience, and investment potential. Listing Agent related to Seller.

805 N 4th Avenue Unit 502, Phoenix
805 N 4th Avenue N Unit 804, Phoenix
$343,000
1 Beds ⋅ 1 Baths ⋅ 7068444 MLS ⋅ 880 SqFt.
Welcome to elevated urban living at the iconic Embassy Condominiums! Perched on the 8th floor, this spacious 1-bedroom, 1-bath residence offers approximately 880 sq. ft. of light-filled living space and a private balcony with impressive Downtown Phoenix skyline and mountain views. The open floor plan creates an inviting atmosphere with generous living and bedroom spaces rarely found in newer downtown developments. Enjoy morning coffee, Arizona sunsets and sparkling city lights from your own private balcony. Residents enjoy desirable amenities including a community pool (currently under construction), fitness center, recreation/billiards area, concierge service and on-site parking. Ideally located in the heart of Downtown Phoenix near Roosevelt Row, restaurants, coffee shops, entertainment, cultural attractions and the Phoenix Light Rail. Whether you're looking for a primary residence, lock-and-leave urban retreat or investment opportunity, Unit 804 offers an exceptional combination of space, views and location. For buyers considering the property as an investment, the existing furniture is available under a separate agreement at no additional cost, allowing for the possibility of a furnished, ready-to-rent residence without the time and expense of furnishing it from scratch.

805 N 4th Avenue N Unit 804, Phoenix
310 S 4th Street Unit 1209, Phoenix
$379,900
1 Beds ⋅ 2 Baths ⋅ 7046876 MLS ⋅ 1,149 SqFt.
REDUCED PRICE. Enjoy carefree urban living from this stunning 12th floor corner unit in the sought after Summit at Copper Square. This contemporary 1-bdrm/1.5-bath & den unit features granite counters, abundant cabinetry, full-size washer & dryer, internet included in HOA, private balcony w/city views of the East/South Valleys, secure reserved parking space, and a separate storage unit. Enjoy an impressive array of resort style amenities including: pools, fitness center, rec. room, and community patio. Immerse yourself in the vibrant energy of the city: convenient walks to Chase Field, eclectic restaurants, music venues, sporting events, exciting nightlife, and unique shopping & entertainment. Whether it's a dynamic urban lifestyle or a lock-and-leave retreat in the heart of the city this home offers the perfect blend of comfort, convenience, & excitement. As one of the nation's fastest growing urban centers, downtown Phoenix continues to flourish as a destination for both visitors and residents, attracting new businesses, cultural attractions, and investment while maintaining a welcoming, business friendly environment. Explore the city's beautiful historic districts, treasured architecture, museums with a wide variety of art inspired from the Southwest Sonoran Desert Frontier to Contemporary and Pop Culture. Local landmarks draw tourists year-round, or take advantage of convenient access to neighboring Scottsdale and Tempe, each offering their own dynamic blend of dining, entertainment, arts, and outdoor recreation.

310 S 4th Street Unit 1209, Phoenix
100 E Fillmore Street Unit 117, Phoenix
$325,000
1 Beds ⋅ 1 Baths ⋅ 7043586 MLS ⋅ 761 SqFt.
Perfectly positioned in the heart of downtown Phoenix, this St. Croix Villas residence offers convenient access to Chase Field, the Phoenix Convention Center, Footprint Center, and the dining, entertainment, and amenities downtown has to offer. Inside, the home features polished concrete floors, a bright open living and kitchen area, a beautifully remodeled shower, and a spacious bedroom with a walk-in closet. Enjoy the convenience of an in-unit washer and dryer, one dedicated covered parking space, and ample guest parking. Enter through a gated, lush courtyard just steps from the community pool. Seller is open to selling fully furnished for a true turnkey opportunity.

100 E Fillmore Street Unit 117, Phoenix
215 E Mckinley Street Unit 406, Phoenix
$485,000
1 Beds ⋅ 2 Baths ⋅ 7035571 MLS ⋅ 1,418 SqFt.
Welcome to Unit 406, an elevated urban living experience in this stunning top floor residence in downtown Phoenix. This thoughtfully designed condo features 1 bedroom plus a loft or bonus room - ideal for a work-from-home office or guest space - and one and a half baths, balancing comfort and functionality. Property is currently tenant-occupied with rental income upon request; a great investment opportunity! Enjoy beautiful city views from the 4th floor, along with your own private balcony and access to a shared terrace, perfect for relaxing or entertaining. The interior finishes feature tile and carpet flooring, granite countertops, and modern cabinetry. All kitchen appliances convey, along with an in-unit washer and dryer for added convenience. Unit includes a reserved underground garage parking space and is within easy walking distance to trendy dining, shopping and nightlife. A great opportunity to enjoy the Phoenix city lifestyle with comfort and convenience.

215 E Mckinley Street Unit 406, Phoenix
615 E Portland Street Unit 106, Phoenix
$365,000
1 Beds ⋅ 3 Baths ⋅ 7032764 MLS ⋅ 1,238 SqFt.
Experience the energy of downtown living in this stylish condo located just steps from the popular Roosevelt Row Arts District. The open main level is designed for comfortable daily living and easy entertaining, while upstairs you'll find a spacious primary suite, versatile loft space perfect for a home office or workout area, and a convenient stacked washer and dryer closet. Additional highlights include a tandem two-car garage plus an extra slab parking space. Residents enjoy access to community amenities including a pool, dog park, and welcoming outdoor gathering areas. Ideally situated near local restaurants, galleries, boutiques, and the downtown ASU campus, this home offers the perfect blend of comfort, convenience, and urban lifestyle. Property is currently covered by First AM American Home Warranty; one full year of coverage will be provided to the buyer at closing.

615 E Portland Street Unit 106, Phoenix
Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.