I'm from Mesa, and the entire Phoenix area was at the center of the housing bubble. Home prices have fallen by hundreds of thousands of dollars since 2003, so I would expect that there are abundant options for housing. You might consider renting a house and splitting it with roommates. Or for that matter, buy a foreclosed house from a bank at $100,000 and your mortgage will likely be less than your rent for a decent apartment. You could probably get by going down a few weeks early. To be really safe you could find one a month ahead.