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

La Paloma Apartments

Riverside 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

Onnix Apartments

Emerson Square

MadEry Apartments

Studio 710 Apartments

Solaris On University

Avana Tempe

Tides at Park View

Scottsdale Gateway

Eastridge Apartments

Mercury on Mill

Sofia Apartments

Lakeview at the Bay

Willow Creek

Parkside Apartments

Paseo on University

Ascent on Spence

Villatree Apartments

University Valley Apartments

Westmount at Downtown Tempe

Mission Springs

Tempe Vista Apartments

IMT Desert Palm Village

Omnia Baseline

Villagio Furnished

Nines at Lakeside

Tamarak Apartments

Dwell @ 5th and Farmer

The Halston

Culdesac Tempe

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 | $1,525 | $699 | $4,400 |
Cheap Tempe 1 Bedroom Apartments | $1,686 | $820 | $7,452 |
Cheap Tempe 2 Bedroom Apartments | $2,066 | $899 | $10,000+ |
Cheap Tempe 3 Bedroom Apartments | $2,544 | $840 | $9,069 |
Cheap Tempe 4 Bedroom Apartments | $1,413 | $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: 03/20/2025Current apartment rentals in the Tempe, AZ area range in price from $650 to $14,000 with an overall median price of $2,187. The three Tempe neighborhoods with the lowest median rent pricing are Alameda at $650, Guadalupe at $898, and The Lakes at $1,020. 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 | $1,998 | $650 | 32879 |
Guadalupe | $2,010 | $898 | 3930 |
The Lakes | $2,063 | $1,020 | 5258 |
Tally Ho Farms Raintree | $2,177 | $1,112 | 4453 |
West Chandler | $2,236 | $1,112 | 9466 |
Apache | $2,371 | $650 | 17499 |
South Tempe | $2,455 | $898 | 10014 |
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. Tides on University in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $855. 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 |
Tides on University | A1 | Studio,1BA | $855 |
Valencia Park | Sonoma | Studio,1BA | $885 |
The Mod at Mills | S1 | Studio,1BA | $898 |
University Pointe Apartments | Studio | Studio,1BA | $898 |
The Molino Apartments | Studio 325sqft | Studio,1BA | $899 |
Vue Nineteen 01 | One Bedroom - UTILITIES INCLUDED | 1BR,1BA | $910 |
Villetta Apartment Homes | S1 | Studio,1BA | $936 |
San Jose Manor | Studio | Studio,1BA | $949 |
Best Value Apartments for Rent in Tempe, AZ
As of March 21, 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 |
Avenue 8 | B1 | 2BR,2BA | $1.21 |
Vista Valley | B1 | 2BR,2BA | $1.35 |
New Horizons | 2 Bed 2 Bath | 2BR,2BA | $1.36 |
Gateway at Tempe | 2x2 L Renovated | 2BR,2BA | $1.36 |
Quick Rent Budget Calculator
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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 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 $949.
What is the price of a cheap apartment in Tempe?
The cheapest apartment in Tempe is Vista Village on Van Buren which is listed at $868, while the average apartment in Tempe costs $2,187.
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 5,005 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 $565 which is $1,622 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).

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.