Apartments for rent in Phoenix, AZ

The Rey Downtown

400 N 2nd Ave, Phoenix, AZ 85003

1 bedroom · 2 bedroomsApprox. 675–1,301 sq ft
Explore the spaces

Explore The Rey Downtown.

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Get to know the community

One- and two-bedroom layouts, live/work homes and rooftop gathering spaces

The Rey Downtown is at 400 North 2nd Avenue in Phoenix. Its named plans include the approximately 675-square-foot Cooper E1 with one bedroom and one bathroom, and the approximately 1,082-square-foot Monroe B1 with two bedrooms and two bathrooms. Seven two-bedroom, one-and-a-half-bath live/work layouts range from approximately 1,042 to 1,147 square feet. Short-term leases are offered.

Homes include a full-size washer and dryer, quartz kitchen and bathroom counters, an ENERGY STAR stainless-steel microwave and dishwasher, a side-by-side refrigerator and STRATIS smart-home technology. Wood-look vinyl plank flooring runs through the kitchen, living room and bathroom, with carpet in bedrooms. Private balconies, expansive windows, double vanities and dedicated work-from-home spaces are limited to selected homes.

Shared spaces include a rooftop lounge, pool and spa with cabanas, a fitness studio with Echelon mirrors, and a yoga studio with on-demand classes. The community also lists a clubhouse, resident lounge with billiards and a TV wall, mezzanine lounge, business lounge, outdoor grills and a firepit. Bike repair and storage rooms and a self-serve dog wash are available.

Spaces & layouts

Floor plans.

Floor plans for The Rey Downtown
LayoutBedroomsBathroomsApprox. area
The Kelly A7
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 full
The Newman A8
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 773 sq ft
The Cooper E1
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 675 sq ft
The Bergman A1
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 702 sq ft
The Loren A2
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 710 sq ft
The Garland A4
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 829 sq ft
The Astaire A5
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 677 sq ft
The Hayworth A3
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
1 bedroom1 fullApprox. 751 sq ft
The Monroe B1
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,082 sq ft
The Harlow B2a
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,162 sq ft
The Grant B4
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,196 sq ft
The Gable B5
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,301 sq ft
The Hepburn B2
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,147 sq ft
The Dean B3
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,219 sq ft
The Bogart
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,147 sq ft
The Brando
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,083 sq ft
The Woodward
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,109 sq ft
The Presley
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,095 sq ft
The Crawford
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,042 sq ft
The Dunaway
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,141 sq ft
The Chaplin
Two-bedroom, 1½-bath live/work layout. Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms1 full + 1 halfApprox. 1,073 sq ft
The Taylor B6
Illustrative artist-rendered floor plan; actual specifications and features may vary by home.
2 bedrooms2 fullApprox. 1,172 sq ft

Advertised rent.

The Monroe B1 layout · Unit 326 base-rent example
Home: 326
Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Base rent: $2,240 per month, excluding fees. Amounts can change until lease signing.

Move-in costs & deposits.

Security-deposit payment
The full security deposit is due before keys are delivered on move-in day. Deposit payment arrangements are not offered.
The Monroe B1 layout · Unit 326 prorated example
Home: 326
Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Displayed prorated amounts: rent $795, trash $11, boiler $6, pest control $3 and amenity $11. Amounts can change until lease signing.
  • Home 326 · Administrative Fee

    $250

    per apartment · one time · Nonrefundable

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. One-time per unit; nonrefundable, due at approval.

  • Home 326 · Standard Deposit *OAC

    $250

    per apartment · one time · Refundable

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. On approved credit. Full deposit is due before keys, without payment arrangements. Applicants without rental history require a deposit equal to one month of rent; certain credit outcomes also require it, as described in the rental criteria.

  • Home 326 · New Account Setup Fee

    $10

    per apartment · one time

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. One-time utility new-account setup fee, per unit.

Monthly charges.

Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. Per unit per month.

  • Home 326 · Trash

    $30

    per apartment · monthly

  • Home 326 · Boiler

    $17

    per apartment · monthly

  • Home 326 · Utility Billing Fee

    $5

    per apartment · monthly

  • Home 326 · Pest Control

    $7

    per apartment · monthly

  • Home 326 · Amenity

    $30

    per apartment · monthly

Pets.

Pet policy
Up to three pets per home, with no weight restriction. Pet rent is $35 per pet per month. A $250 refundable deposit per pet is subject to fulfilled lease-agreement conditions; a separate $250 fee per pet is nonrefundable. Breed restrictions and management discretion apply.
PetScreening requirement
PetScreening profiles are required for all applicants, including households without pets or animals, and at lease renewal. Alternative process accommodations may be requested through the leasing team.
Breed restrictions
The non-exhaustive restrictions name Akita, Chow, Dalmatian, Doberman Pinscher, German Shepherd, Great Dane, Pit Bull, Rottweiler, Mastiff, Staffordshire Terrier, Presa Canaria, Siberian Husky, wolf breeds and mixes of restricted breeds. Management may also restrict other breeds or specific animals.
  • Home 326 · Pet Rent

    $35

    per pet · monthly

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. Per pet per month. The pet policy limits homes to three pets; breed restrictions and management discretion apply.

  • Home 326 · Pet Deposit

    $250

    per pet · one time

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. One-time per pet. The deposit is due before move-in, with refund subject to fulfilled lease-agreement conditions.

  • Home 326 · Pet Fee - Initial

    $250

    per pet · one time · Nonrefundable

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. One-time per pet, nonrefundable.

Parking.

Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. Selected add-on, subject to availability; final cost and availability are determined at lease agreement.

  • Home 326 · Premium Parking

    $75

    per vehicle · monthly

  • Home 326 · 1st Parking Space

    $50

    per apartment · monthly

Utilities & internet.

Home internet provider
High-speed home internet service provided by COX.
  • Home 326 · Water, Sewer, CA Gas , & CA Electric

    Variable

    per apartment · monthly

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. Per unit, billed monthly based on usage.

Lease terms.

Short-term leases
Short-term leases are offered.

Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. Situational charge per occurrence.

  • Home 326 · Late Fee

    $200

    one time

  • Home 326 · NSF Tenant Fee

    $100

    one time

Application & insurance.

Income and guarantors
Combined gross monthly income must be 2.5 times monthly rent. Guarantors must earn four times monthly rent, may assist with income qualification only and cannot replace rental-history requirements.
Income documentation
Two recent consecutive pay stubs. Self-employed applicants are asked for the previous year IRS-issued tax-return transcript and three months of complete bank statements showing income. Documents must be verifiable and unaltered; additional verification may be requested, including a secure read-only bank-transaction snapshot.
Rental and credit history
Each applicant must qualify and undergo credit screening by Two Dots. Satisfactory verifiable rental history is required. Applicants without rental history need a deposit equal to one month’s rent. Nonstandard credit criteria are evaluated and may require that deposit; bankruptcy, repossession or foreclosure cases, if considered, require it. Outstanding apartment or utility balances must be settled before approval and require a one-month-rent deposit.
Applicant age and occupants
Applicants and co-applicants must be at least 18, subject to the stated familial-status exception. All adults sign the lease. Occupancy limits are three people for a one-bedroom, one-bathroom home and five people for a two-bedroom, two-bathroom home.
Application, holding and payments
Homes are not held until both the application and administration fees are received. Credit and criminal screening follows application-fee payment. Cash is not accepted; application and administration fees may be paid by cashier’s check, money order, credit/debit card or ACH.
Screening and accommodations
Background screening applies where permitted. Conviction records are evaluated under the operator policy and do not automatically mean denial. Reasonable-accommodation requests are considered, with a written response within a reasonable time.
Application identification
Adult leaseholders are asked for valid identification and facial photographs. Minors are listed as occupants, and their birth certificates are requested.
  • Home 326 · Application Fee

    $75

    one time · Nonrefundable

    Calculator example for unit 326 / The Monroe B1: one applicant, six-month lease and October 21 move-in. Amounts may change until lease signing. One-time per applicant; nonrefundable, due at application.

Inside the home.

Microwave
Built-in ENERGY STAR stainless-steel microwave.
Dishwasher
ENERGY STAR stainless-steel dishwasher.
Refrigerator
Stainless-steel appliance package with a side-by-side refrigerator.
Garbage disposal
Built-in garbage disposal.
Quartz counters
Quartz kitchen and bathroom counters.
Vinyl plank flooring
Wood-look vinyl plank flooring in kitchens, living rooms and bathrooms.
Carpet
Carpet in bedrooms.
Washer and dryer
Full-size washer and dryer in every home.
Smart-home technology
STRATIS smart-home technology in every home.
Smart thermostat
Smart thermostats.
Central air & heating
Energy-efficient heating and air conditioning.
Ceiling fans
Ceiling fans with lights in living rooms and bedrooms.
Window coverings
Window coverings in each room.
Private balcony
Private balconies in selected homes.
Expansive windows
Expansive windows in selected homes.
Double vanities
Double vanities in selected homes.
Work-from-home space
Dedicated work-from-home spaces in selected homes.
Walk-in closet
Walk-in closets in selected homes.

Community amenities.

Pool
Community pool.
Spa
Community spa.
Cabanas
Pool and spa cabanas.
Fitness studio
Fitness studio with Echelon mirrors.
Yoga studio
Yoga studio with on-demand classes.
Rooftop lounge
Clubhouse
Mezzanine lounge
Media room
Resident lounge
Resident lounge with a billiards table and TV wall.
Outdoor grills
Firepit
Outdoor firepit.
Putting green
Business lounge
Community internet
High-speed internet access in community spaces.
Controlled access
Controlled-access residence entry.
Elevator
Elevator-access hallways.
Mail lockers
Private mail lockers.
Bike repair
Bike repair room.
Bicycle storage
Bike storage room.
Dog wash
Self-serve dog wash.

Office & resident services.

On-site services
On-site maintenance and property housekeeping teams; service and leasing support listed daily. Spanish-speaking staff.
Find the community

Location & directions.

Kitchen with island seating, dark cabinets and pendant lights.

The Rey Downtown

400 N 2nd Ave, Phoenix, AZ 85003, USA

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The Rey Downtown · Updated

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