
Cheap Homes for Rent in Optimist Park Neighborhood of Tempe, AZ from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Optimist Park area of Tempe.


5409 S Hazelton Ln
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.

1621 E Vaughn St

1918 E Watson Dr
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6212 S Taylor Dr

6127 S Country Club Way
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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2148 E La Donna Dr

6510 S Hazelton Ln
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
Optimist Park, Tempe, AZ Local Guide

How much does it cost to rent a home in Optimist Park?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Optimist Park 3 Bedroom Homes for Rent | $2,893 | $2,299 | $4,495 |
Optimist Park 4 Bedroom Homes for Rent | $2,861 | $725 | $4,000 |
Optimist Park 5 Bedroom Homes for Rent | $1,810 | $725 | $2,895 |
Optimist Park 6 Bedroom Homes for Rent | $5,250 | $5,250 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Optimist Park Neighborhood of Tempe, AZ.
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Optimist Park, Tempe, AZ Local Guide
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Cheapest Available Optimist Park Apartments for Rent
 The cheapest available apartment rental in the Optimist Park area of Phoenix, AZ is a 1 Bed unit found at Tempe Park Place priced from $1,020. Sono Tempe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,076. Here are the most affordable Optimist Park apartments for rent in Phoenix, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Tempe Park Place | Horizon | 1BR,1BA | $1,020 |
Sono Tempe | Harris | 1BR,1BA | $1,076 |
505 West | Rillito | 1BR,1BA | $1,165 |
Best Value Apartments for Rent in Optimist Park, AZ
As of May 14, 2025 the best value apartment in the Optimist Park area is the $1.51 price per square foot b20r Model at Be Mesa in the in the South Phoenix neighborhood starting from $1,569. The second greatest value Optimist Park apartment is the San Marcos Model at Lakeview at the Bay starting at $1,484 with a $1.49 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Optimist Park apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Be Mesa | b20r | 2BR,2BA | $1.51 |
Lakeview at the Bay | San Marcos | 2BR,2BA | $1.49 |
Hohokam Villas | Papago | 1BR,1BA | $1.65 |
505 West | Rillito | 1BR,1BA | $1.62 |
San Marquis | 1X1-713 | 1BR,1BA | $2.15 |
Harper | A1 | 1BR,1BA | $2.32 |
Sono Tempe | Campbell | 1BR,1BA | $1.72 |
Tempe Park Place | Horizon | 1BR,1BA | $1.62 |
Strada | A1 | 1BR,1BA | $2.02 |
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.
Frequently Asked Questions about Optimist Park
What type of rentals are currently available in Optimist Park?
There are currently 14 Apartments for Rent in Optimist Park, AZ with pricing that ranges from $909 to $4,410. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Optimist Park ranging from $725 to $5,250.
What is the current price range for Rental Homes in Optimist Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Optimist Park ranges from $725 to $5,250 with an average monthly rent of $3,203.
How much are larger Three and Four Bedroom Rentals in Optimist Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Optimist Park range from $1,825 to $3,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,299 to $4,495. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $2,270.
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.