Cheap Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ from $700 (144 Rentals)

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

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1008 S Mariana St
$1,150Studio, 1 Bath RentalsAvailable Now

1008 S Mariana St

Tempe, AZ 85281
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1811 Apache Blvd
$1,225Studio, 1 Bath RentalsAvailable Now

1811 Apache Blvd

Tempe, AZ 85281
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615 Hardy Dr
$1,3491 Bedroom, 1 Bath RentalsAvailable Now

615 Hardy Dr

Tempe, AZ 85281
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2309 S College Ave
$1,3501 Bedroom, 1 Bath RentalsAvailable Now

2309 S College Ave

Tempe, AZ 85282
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1033 N Parkside Dr
$1,396Studio, 1 Bath RentalsAvailable Now

1033 N Parkside Dr

Tempe, AZ 85288
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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 1 Bed unit found at Vue Nineteen 01 priced from $910. Paseo on University has the second lowest priced unit, which is a 1 Bed apartment currently listed from $948. Here are the most affordable Downtown Tempe apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Vue Nineteen 01One Bedroom - UTILITIES INCLUDED1BR,1BA$910
Paseo on University1 Bedroom1BR,1BA$948
Grandes CortesStudioStudio,1BA$949
Suite 16StudioStudio,1BA$950
La Paloma ApartmentsStudioStudio,1BA$975
Parq on 5thA11BR,1BA$985
Emerson ParkStudioStudio,1BA$990
Cortez Palms ApartmentsStudioStudio,1BA$999
University Pointe ApartmentsStudioStudio,1BA$999

Best Value Apartments for Rent in Downtown Tempe, AZ

As of February 15, 2025 the best value apartment in the Downtown Tempe area is the $0.67 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $1,249. The second greatest value Downtown Tempe apartment is the Two Bed Two Bath Plus Den Model at Stanley Place Apartments starting at $1,850 with a $1.56 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$0.67
Stanley Place ApartmentsTwo Bed Two Bath Plus Den2BR,2BA$1.56
Butterfield ParkTwo Bedroom Two Bathroom2BR,2BA$1.51
Corsican2 Bed - 1 Bath2BR,1BA$1.31
Nine20 TempeB12BR,2BA$1.55
Sago GardensSingle Story2BR,1BA$1.54
MadEry ApartmentsSaguaro2BR,1BA$1.47
Hayden Terrace2x12BR,1BA$1.47
Gateway at Tempe2x2 L2BR,2BA$1.23
530 W Howe St, Unit 530530 W Howe St1BR,1BA$1.50

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Pet Friendly Lifestyle
Downtown Tempe, Tempe, AZ

Ranked #7

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

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 the Cheapest Studio apartment in Downtown Tempe?

Currently the most affordable Cheap Studio Apartment in Downtown Tempe is at Grandes Cortes listed at $949.

How much is rent for a Cheap One Bedroom Downtown Tempe Apartment?

The lowest price for a Cheap One Bedroom Downtown Tempe Apartment is $910 at Vue Nineteen 01.

What is the lowest price for a Cheap Two Bedroom Downtown Tempe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Tempe is starting from $1,150 at Hayden Terrace.

What is the most affordable Downtown Tempe Three Bedroom Apartment?

The best deal on a cheap Downtown Tempe Three Bedroom Apartment rental is at Westmount at Downtown Tempe and starts from $1,825.

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.

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A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ

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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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