Find 477 two-bedroom apartments for rent in Phoenix, AZ. A two-bedroom apartment has two distinct bedrooms that share a common living space and kitchen. Depending on the floor plan, each room may share or have its own bathroom. Renters can benefit from a two-bedroom apartment by converting the second bedroom into a home gym, setting up an office, or hosting overnight guests. Financially conscious renters can split rent with a roommate to enjoy the extra storage space and square footage without paying full price. Finding cost-effective living options in Phoenix, AZ is made easier with 477 apartments for rent under $1,200. These budget-friendly rental options offer a variety of floor plans and amenities while adhering to your financial preferences. Opting for an apartment under $1,200 in Phoenix means enjoying a balanced lifestyle where price does not compromise the quality of living.