
Cheap Apartments for Rent in Tempe, AZ from $600 (379 Rentals)
Search the lowest-cost Apartments available for rent right now in Tempe.


University Pointe Apartments

The Mod at Mills

Axio Apartments

Sono Tempe

Avana Tempe

Scottsdale Gateway

Grandes Cortes
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

600 S Roosevelt St

Riverside Apartments

Eastridge Apartments

Tempe Vista Apartments

1522 E Southern Ave

Mission Springs

Emerson Park

Emerson Square

MadEry Apartments

Studio 710 Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

625 E Broadway Rd

Onnix Apartments

Solaris On University

1311 W Baseline Rd

Omnia Baseline

Sentry Tempe

Willow Creek

1433 S Kenneth Pl
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Lakeview at the Bay

Parkside Apartments

1418 S Stanley Pl, Unit 3

Paseo on University

Westmount at Downtown Tempe

2012 S Granada Dr

Villatree Apartments

Finisterra

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

Tides at Park View

Ponderosa Ranch Apartments

Vue Nineteen 01

Twenty One 41

604 S Roosevelt St

Mercury on Mill

Ten01

Highland 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 | $1,481 | $699 | $4,765 |
Cheap Tempe 1 Bedroom Apartments | $1,672 | $835 | $10,000+ |
Cheap Tempe 2 Bedroom Apartments | $2,035 | $950 | $10,000+ |
Cheap Tempe 3 Bedroom Apartments | $2,555 | $840 | $10,000+ |
Cheap Tempe 4 Bedroom Apartments | $1,745 | $650 | $10,000+ |
Browse Top Apartments in Tempe
See all Apartments in TempeExplore Tempe
Tempe, AZ Local Guide

- Tempe Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Tempe, AZ
Pricing Updated: 05/19/2025Current apartment rentals in the Tempe, AZ area range in price from $650 to $15,224 with an overall median price of $2,706. The three Tempe neighborhoods with the lowest median rent pricing are Tally Ho Farms Raintree at $1,111, Alameda at $650, and Guadalupe at $898. 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 |
---|---|---|---|
Tally Ho Farms Raintree | $1,999 | $1,111 | 149 |
Alameda | $2,180 | $650 | 1270 |
Guadalupe | $2,280 | $898 | 135 |
West Chandler | $2,835 | $1,111 | 303 |
South Tempe | $2,870 | $898 | 359 |
The Lakes | $3,180 | $909 | 216 |
Apache | $3,600 | $650 | 629 |
Cheapest Available Tempe Apartments for Rent
 The cheapest available apartment rental in Tempe, AZ is a Studio unit found at The Molino Apartments in the South Phoenix neighborhood priced from $799. Valencia Park in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $805. Here is today’s list of the most affordable Tempe apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Molino Apartments | Studio 325sqft | Studio,1BA | $799 |
Valencia Park | Sonoma | Studio,1BA | $805 |
Tides on University | S1 C | Studio,1BA | $865 |
Villetta Apartment Homes | S1 | Studio,1BA | $890 |
Scottsdale Gateway | Bay | Studio,1BA | $895 |
Papago Gardens Apartments | Santorini Villas - 1 Bedroom | 1BR,1BA | $896 |
University Pointe Apartments | Studio | Studio,1BA | $898 |
Margo | Studio | Studio,1BA | $899 |
Axio Apartments | 1x1 | 1BR,1BA | $900 |
The Link Apartments | One Bedroom West | 1BR,1BA | $900 |
Best Value Apartments for Rent in Tempe, AZ
As of May 19, 2025 the best value apartment in the Tempe area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Tempe apartment is the 1211 N. Miller Road Model at 1211 N. Miller Road, Unit 260 starting at $1,650 with a $1.38 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. |
---|---|---|---|
Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.53 |
1211 N. Miller Road, Unit 260 | 1211 N. Miller Road | 2BR,2BA | $1.38 |
San Marino | A1 | 1BR,1BA | $1.29 |
Avana Chandler | 2x1.51120 Sophisticated | 2BR,1.5BA | $1.40 |
Avenue 8 | B1 | 2BR,2BA | $1.20 |
Parq at East Arcadia | B2 Townhome | 2BR,1.5BA | $1.38 |
525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
Nine20 Tempe | B1 | 2BR,2BA | $1.39 |
Gateway at Tempe | 2x2 L Renovated | 2BR,2BA | $1.36 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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 #4
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
McKemy Academy of International Studies
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 a cheap apartment in Tempe?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Tempe is under $900.
What is the price of a cheap apartment in Tempe?
The cheapest apartment in Tempe is Valencia Park which is listed at $835, while the average apartment in Tempe costs $2,706.
What types of apartments are the cheapest in Tempe?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 397 regular apartments in Tempe that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Tempe?
Cheap apartments in Tempe have an average cost of $383 which is $2,323 cheaper than the average rent for all rentals in Tempe.
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).

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.