Cheap Studio Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ from $699 (48 Rentals)

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Suite 16
Studio Apartments

Suite 16

1402 S Terrace RdTempe, AZ 85281
Student Housing
  • Utilities Included
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Cortez Palms Apartments
Studio Apartments

Cortez Palms Apartments

1031 E Lemon StTempe, AZ 85281
Student Housing
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University Square
Studio Apartments

University Square

1011 E Lemon StTempe, AZ 85281
Student Housing
  • Utilities Included
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Apache Lofts
Studio Apartments

Apache Lofts

1617 E Apache BlvdTempe, AZ 85281
  • Utilities Included
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University Gardens
Studio Apartments

University Gardens

1019 E Lemon StTempe, AZ 85281
Student Housing
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Wilson Studios
Studio Apartments

Wilson Studios

110-114 S Wilson StTempe, AZ 85281
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The Warhol
Studio Apartments

The Warhol

1415 E Apache BlvdTempe, AZ 85281
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The Piedmont
Studio Apartments

The Piedmont

707 E 6th StTempe, AZ 85281
Showing Results 1-48, Page 1 of 1

Downtown Tempe, Tempe, AZ Local Guide

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.

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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 $1,012.

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

The cheapest apartment in Downtown Tempe is University Pointe Apartments which is listed at $898, while the average apartment in Downtown Tempe costs $2,083.

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 278 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 $698 which is $1,385 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.

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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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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.

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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.