Cheap Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ from $600 (128 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Tempe area of Tempe.

property at 615 S Hardy Dr

615 S Hardy Dr

TempeAZ85281
Showing Results 1-50, Page 1 of 3

Downtown Tempe, Tempe, AZ Local Guide

Cheapest Available Downtown Tempe Apartments for Rent

 

The cheapest available apartment rental in the Downtown Tempe area of Phoenix, AZ is a Studio unit found at University Pointe Apartments priced from $898. Riverside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $902. Here are the most affordable Downtown Tempe apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
University Pointe ApartmentsStudioStudio,1BA$898
Riverside ApartmentsStudioStudio,1BA$902
Vue Nineteen 01One Bedroom - UTILITIES INCLUDED1BR,1BA$910
Grandes CortesStudioStudio,1BA$949
Lyndon LaneOne Bed One Bath1BR,1BA$975
Onnix ApartmentsCobalt A11BR,1BA$1,015
Solaris On UniversityS1 -1 x 11BR,1BA$1,019
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$1,020
La Paloma ApartmentsOne Bedroom1BR,1BA$1,025

Best Value Apartments for Rent in Downtown Tempe, AZ

As of April 13, 2025 the best value apartment in the Downtown Tempe area is the $0.59 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $1,099. The second greatest value Downtown Tempe apartment is the Two Bedroom Two Bathroom Model at Butterfield Park starting at $1,334 with a $1.40 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Downtown Tempe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.59
Butterfield ParkTwo Bedroom Two Bathroom2BR,2BA$1.40
Nine20 TempeB12BR,2BA$1.39
La Paloma ApartmentsTwo Bedroom2BR,2BA$1.58
Onnix ApartmentsQuartz B12BR,1BA$1.56
The Heights on Lemon2 Bedrooms, 1 Bath2BR,1BA$1.59
MadEry ApartmentsSaguaro2BR,1BA$1.41
Hayden Terrace2x1 Remodeled2BR,1BA$1.47
Gateway at Tempe2x2 L Renovated2BR,2BA$1.36
Beautiful Renovations One and Two Bedrooms2x1 -252BR,1BA$1.58

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Pet Friendly Lifestyle
Downtown Tempe, Tempe, AZ

Ranked #3

Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Tempe, Tempe, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Tempe. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Downtown Tempe Neighborhood in Tempe, AZ

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

63 / 100

Good Transit

Many 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 Downtown Tempe Apartments

What is a cheap apartment in Downtown Tempe?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Tempe is under $1,025.

What is the price of a cheap apartment in Downtown Tempe?

The cheapest apartment in Downtown Tempe is Vue Nineteen 01 which is listed at $910, while the average apartment in Downtown Tempe costs $2,265.

What types of apartments are the cheapest in Downtown 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 270 regular apartments in Downtown 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 Downtown Tempe?

Cheap apartments in Downtown Tempe have an average cost of $687 which is $1,578 cheaper than the average rent for all rentals in Downtown 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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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).

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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.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.