Cheap Apartments for Rent in Tempe, AZ from $600 (329 Rentals)
Search the lowest-cost Apartments available for rent right now in Tempe.

University Pointe Apartments

The Mod at Mills

Vue Nineteen 01

Grandes Cortes

Onnix Apartments

La Paloma Apartments
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Emerson Square

MadEry Apartments

Studio 710 Apartments

Solaris On University

Tides at Park View

Avana Tempe

Scottsdale Gateway

Eastridge Apartments

Mercury on Mill

Lakeview at the Bay

Willow Creek

Riverside Apartments

Parkside Apartments

Paseo on University

Ascent on Spence

Villatree Apartments

Tempe Vista Apartments

Mission Springs

University Valley Apartments

Westmount at Downtown Tempe

Omnia Baseline

IMT Desert Palm Village

Villagio Furnished

Tamarak Apartments

Sofia Apartments

The Halston

Strada

Dwell @ 5th and Farmer

Twenty One 41

Emerson Park
Tempe, AZ Local Guide

How much does it cost to rent an apartment in Tempe?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Tempe Studio Apartments | $1,529 | $699 | $4,400 |
Cheap Tempe 1 Bedroom Apartments | $1,680 | $820 | $6,569 |
Cheap Tempe 2 Bedroom Apartments | $2,063 | $899 | $10,000+ |
Cheap Tempe 3 Bedroom Apartments | $2,533 | $840 | $9,069 |
Cheap Tempe 4 Bedroom Apartments | $1,408 | $650 | $10,000+ |
Browse Top Apartments in Tempe
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Tempe, AZ Local Guide

- Tempe Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Tempe, AZ
Pricing Updated: 03/18/2025Current apartment rentals in the Tempe, AZ area range in price from $650 to $14,000 with an overall median price of $2,189. The three Tempe neighborhoods with the lowest median rent pricing are Alameda at $650, Guadalupe at $898, and The Lakes at $922. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Alameda | $1,999 | $650 | 34748 |
Guadalupe | $2,040 | $898 | 3909 |
The Lakes | $2,071 | $922 | 5970 |
Tally Ho Farms Raintree | $2,178 | $1,147 | 5131 |
West Chandler | $2,236 | $1,140 | 9981 |
Apache | $2,344 | $650 | 18287 |
South Tempe | $2,455 | $898 | 10642 |
Cheapest Available Tempe Apartments for Rent
 The cheapest available apartment rental in Tempe, AZ is a Studio unit found at Vista Village on Van Buren in the South Phoenix neighborhood priced from $699. Valencia Park in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here is today’s list of the most affordable Tempe apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Vista Village on Van Buren | Studio | Studio,1BA | $699 |
Valencia Park | Coronado | 1BR,1BA | $820 |
Tides on University | A1 | Studio,1BA | $855 |
The Link | Studio | Studio,1BA | $875 |
University Pointe Apartments | Studio | Studio,1BA | $898 |
The Mod at Mills | S1 | Studio,1BA | $898 |
The Molino Apartments | Studio 325sqft | Studio,1BA | $899 |
Central on Broadway | A | Studio,1BA | $907 |
Vue Nineteen 01 | One Bedroom - UTILITIES INCLUDED | 1BR,1BA | $910 |
Best Value Apartments for Rent in Tempe, AZ
As of March 18, 2025 the best value apartment in the Tempe area is the $1.22 price per square foot 1726 W Jeanine Dr Model at 1726 W Jeanine Dr in the in the South Phoenix neighborhood starting from $3,788. The second greatest value Tempe apartment is the 4768 W Tyson St Model at 4768 W Tyson St starting at $3,300 with a $1.30 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Tempe apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1726 W Jeanine Dr | 1726 W Jeanine Dr | 4BR,3BA | $1.22 |
4768 W Tyson St | 4768 W Tyson St | 4BR,2BA | $1.30 |
1126 E Alameda Dr | 1126 E Alameda Dr | 5BR,3BA | $1.25 |
Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.59 |
5633 W Butler Dr | 5633 W Butler Dr | 3BR,2BA | $1.31 |
4112 E St Anne Ave | 4112 E St Anne Ave | 3BR,2BA | $1.16 |
San Marino | A1 | 1BR,1BA | $1.26 |
Avenue 8 | B1 | 2BR,2BA | $1.11 |
New Horizons | 2 Bed 2 Bath | 2BR,2BA | $1.36 |
Gateway at Tempe | 2x2 L Renovated | 2BR,2BA | $1.36 |
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Tempe Overview
Tempe, Arizona is in the heart of the Phoenix metro valley and has been experiencing exciting growth in recent years. Abundant sunshine, outdoor activities, a lively restaurant and entertainment scene, burgeoning tech economy, proximity to Arizona State University and moderate cost of living all make Tempe a desirable place to live.
Why live in Tempe, AZ?
Tempe is a vibrant city that is home to one of the largest U.S. universities and offers something for everyone - from sports fans to outdoor enthusiasts to foodies and life-long learners. The city embodies a resilient and progressive spirit and is quickly attracting new residents, businesses and amenities. Choosing to live in a Tempe apartment also has the added benefit of being located close to the cities of Phoenix, Scottsdale and Mesa.
Pet Friendly LifestyleTempe, AZ
Ranked #2
Among cities in Arizona for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Tempe, AZ
Corona Del Sol High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Tempe, AZ Rentals by Map
See the most popular apartments and homes in Tempe, AZ
Getting Around Tempe, AZ
Walk Score®
59 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
74 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
46 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Tempe Apartments
What is the Cheapest Studio apartment in Tempe?
Currently the most affordable Cheap Studio Apartment in Tempe is at Vista Village on Van Buren listed at $699.
How much is rent for a Cheap One Bedroom Tempe Apartment?
The lowest price for a Cheap One Bedroom Tempe Apartment is $820 at Valencia Park.
What is the lowest price for a Cheap Two Bedroom Tempe Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Tempe is starting from $899 at Vista Village on Van Buren.
What is the most affordable Tempe Three Bedroom Apartment?
The best deal on a cheap Tempe Three Bedroom Apartment rental is at The Link and starts from $1,600.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.