First months rent Free with 15 month lease. 2 bedroom 1 bath located near all the downtown Phoenix amenities & easy freeway access. Recently remodeled with wood plank flooring thru-out, stainless steel appliances including Refrigerator, dishwasher, built-in microwave,range/oven. Nice sized bedrooms & Great room with dining area off the kitchen. Shared laundry with other unit. $75 per month water/sewer/trash. Prior To Completing An Application, Please Review All Applicable REFUNDABLE/NON-REFUINDABLE Fees on The Rental Application. MBA-RE. Com To Review Prior To Signing A Lease.
Our Qualifying Requirements Are: Ability To Move Within The Next 30 Days, Verifiable Monthly Income At Least 3X The Monthly Income & Good Rental History. Do Not Give Money To Anyone But Mba Real Estate, Property Management Company. Tenant To Verify All Information Contained In MLS If Considered A Material Matter Prior To Signing Lease Mba Represents HOMEOWNER/LANDLORD What Appliances Present In The UNIT/HOME When Inspecting Is What Will Be Included Owner Is Under No Obligation To Repair or Replace Personal Property Such As WASHER/DRYER/REFRIGERATOR. Petscreening. MBA-RE. Com To Review Prior To Application Hold Deposit Equal To Security Deposit To Be Collected Within 24-HOURS of Notification of Approval By Management. Hold Deposit Is NON-REFUNDABLE Until Lease Is Signed And Then It Becomes The Security Deposit And Is Refundable At The End of The Lease Term If Property Is Returned In Good Condition $75 application fee per adult non-refundable 2.... 5% monthly admin fee non-refundable $300 1x admin fee non-refundable $1325 security deposit for qualified tenant refundable $300 pet fee for 1st approved pet, must have owner approval on pets non-refundable. Service animals are exempt.
•Security deposit $1,495 (mandatory, refundable, pre-move-in). If qualified.
Additional Details
This 2-bedroom, 1-bathroom apartment at 5040 N 18th Ave #3 in Phoenix, AZ 85015 rents for $1,125 a month. It has 700 square feet and is pet friendly. 5040 N 18th Ave #3 was advertised by MBA Real Estate on July 17, 2026.
How the Rent Compares
At $1,125 a month, this apartment is below the typical rent for 2-bedroom apartments and condos in Phoenix (about $1,400).
Typical $1,400This home $1,125
$1,030$2,110
From 641 two-bedroom apartments and condos listed in Phoenix on RentalSource in October 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$1,400Typical rent for 2-bedroom apartments and condos in Phoenix
The rent has dropped from $1,295 to $1,125 since it was listed on July 17. This home was last listed for rent on RentalSource from June to July 2025 for $1,295. Today's rent is $170 lower.
Rent history for this home, newest first
Date
Event
Rent
Change
October 6, 2026
Price change
$1,125−13.1%
−13.1%
July 17, 2026
Listed for rent
$1,295
July 9, 2025
Listing removed
$1,295
June 10, 2025
Listed for rent
$1,295
March 28, 2025
Listing removed
$1,295
June 11, 2022
Listing removed
$1,100
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 5040 N 18th Ave #3?
Bedrooms
2 bedrooms
30%
10%Recommended50%
Move the slider to select the percentage of your monthly income you're comfortable spending on rent. Typically, it's advised to spend about 30% or less on housing.
Recommended income
$45,000 /year
With your chosen rent-to-income ratio, an annual income of $45,000 is recommended to comfortably afford this 2-bedroom rental priced at $1,125 per month.
