3+ Bedroom Short-Term Rental Homes for Sale in Phoenix, AZ Under $500K
There are 6 single family homes for sale in Phoenix, AZ, with 3 to 4 bedrooms and 2 to 3 bathrooms. Displayed asking prices range from $409,000 to $479,000, and build years from 1916 to 2026.
Short-term rental demand in Phoenix clusters around Downtown Phoenix, where the Valley Metro light rail runs along Central Avenue past the Arizona State Capitol. The Coronado and Garfield historic districts sit just north of the core, with older brick homes on tree-lined blocks. Encanto Park offers lakes and shaded paths in central Phoenix, while Papago Park's red rock buttes sit beside the Phoenix Zoo and the Hole in the Rock formation.
Most commutes follow Interstate 10 and Loop 202, which link central Phoenix to the Tempe and Chandler job centres. Sky Harbor Airport sits about 3 miles from downtown, so guests can reach a rental without a long highway drive. Investors should confirm zoning, HOA rules and City of Phoenix short-term rental requirements before closing.
Homes in this collection
12 homes
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Buying in Phoenix
The questions buyers ask us most about this collection.
Is Phoenix a good place to buy a short-term rental?
Phoenix draws steady visitors for business, sports, and winter stays, which supports short-term rental demand. Downtown Phoenix and the light rail corridor along Central Avenue give guests easy access to restaurants and events. Buyers should still compare nightly demand across neighborhoods before committing.
Which Phoenix neighborhoods work best for short-term rentals?
Downtown Phoenix and the Coronado and Garfield historic districts appeal to guests who want walkable streets and character homes. Areas near Encanto Park attract visitors who want green space close to the city core. Each neighborhood has its own rental rules and guest profile, so visit the blocks you are considering at different times of day.
Do I need a permit for a short-term rental in Phoenix?
Phoenix requires short-term rental operators to follow city rules, and requirements can change over time. Check zoning, business licensing, and any HOA restrictions before you buy. A local real estate attorney or the city's planning office can confirm what applies to a specific address.
How long is the commute from central Phoenix to Tempe and Chandler?
Interstate 10 and Loop 202 carry most commuters between central Phoenix, Tempe, and Chandler. Drive times change a lot with rush hour traffic, so test the route at the hour you would normally travel. Proximity to these corridors can also make a rental easier to reach for guests.
What should I check in an older Phoenix home before buying?
Homes built in the early twentieth century often need updates to electrical, plumbing, and cooling systems. A full inspection should include the roof, the foundation, and any older wiring. Budget for repairs that guests will notice, since a well-maintained home earns better reviews.
What draws visitors to Papago Park and Encanto Park?
Papago Park is known for its red rock buttes and its location beside the Phoenix Zoo. Encanto Park offers lakes, walking paths, and shaded picnic areas in central Phoenix. Both parks give guests outdoor options that are easy to reach from the city core.