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Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $600 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterson Park area of Tempe.
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Rent Specials
from $898Studio to 1 Bedroom Apartments Available Now
The Mod at Mills
5300 S Priest DrTempe, AZ 85283
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from $949Studio to 1 Bedroom Apartments Available Now
Grandes Cortes
1150 W University DrTempe, AZ 85281
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from $1,000Studio Apartments Available Now
Studio 710 Apartments
710 S Hardy DrTempe, AZ 85281
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from $1,0191 to 2 Bedroom Apartments Available Now
Solaris On University
1314 W University DrTempe, AZ 85281
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from $1,0291 to 3 Bedroom Apartments Available Now
Tides at Park View
1235 W Baseline RdTempe, AZ 85283
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Rent Specials
from $1,073Studio to 2 Bedroom Apartments Available Now
Avana Tempe
30 W Carter DrTempe, AZ 85282
700 W University Dr
TempeAZ85281
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Rent Specials
from $1,0991 to 2 Bedroom Apartments Available Mar 17
Sofia Apartments
208 E Baseline RdTempe, AZ 85283
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from $1,0991 to 2 Bedroom Apartments Available Now
Mercury on Mill
5101 S Mill AveTempe, AZ 85282
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1311 W Baseline Rd
TempeAZ85283
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from $1,200Studio to 2 Bedroom Apartments Available Now
Omnia Baseline
1145 W Baseline RdTempe, AZ 85283
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from $1,2141 to 3 Bedroom Apartments Available Now
Villagio Furnished
1133 W Baseline RdTempe, AZ 85283
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from $1,215Studio to 2 Bedroom Apartments Available Now
Mission Springs
1311 W Baseline RdTempe, AZ 85283
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from $1,2351 to 3 Bedroom Apartments Available Now
The Halston
1330 W Broadway RdTempe, AZ 85282
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from $1,2951 to 2 Bedroom Apartments Available Now
Ponderosa Ranch
4839 S Darrow DrTempe, AZ 85282
2309 S College Ave
TempeAZ85282
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Rent Specials
from $1,1171 to 3 Bedroom Apartments Available Now
Avana Cordoba
4520 E Baseline RdPhoenix, AZ 85042
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from $1,2861 to 2 Bedroom Apartments Available Now
The Pointe at South Mountain
8809 S Pointe Pky EPhoenix, AZ 85044
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from $1,3371 to 3 Bedroom Apartments Available Now
Palms at South Mountain
4424 E Baseline RdPhoenix, AZ 85042
Showing Results 1-40, Page 1 of 1
Peterson Park, Tempe, AZ Local Guide
How much does it cost to rent an apartment in Peterson Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson Park Studio Apartments | $1,512 | $699 | $2,936 |
| Peterson Park 1 Bedroom Apartments | $1,592 | $975 | $4,060 |
| Peterson Park 2 Bedroom Apartments | $1,841 | $1,249 | $4,794 |
| Peterson Park 3 Bedroom Apartments | $2,573 | $1,095 | $5,562 |
| Peterson Park 4 Bedroom Apartments | $2,724 | $1,045 | $5,560 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Peterson Park Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Peterson Park, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
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Cheapest Available Peterson Park Apartments for Rent
The cheapest available apartment rental in the Peterson Park area of Phoenix, AZ is a Studio unit found at The Mod at Mills priced from $898. The Molino Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Peterson Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Mod at Mills | S1 | Studio,1BA | $898 |
| The Molino Apartments | Studio 325sqft | Studio,1BA | $899 |
| Sentry Tempe | Kona | Studio,1BA | $922 |
| Grandes Cortes | Studio | Studio,1BA | $949 |
| Lyndon Lane | One Bed One Bath | 1BR,1BA | $975 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,000 |
| Solaris On University | S1 -1 x 1 | 1BR,1BA | $1,019 |
| Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $1,099 |
| Parkside Apartments | A1 | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Peterson Park, AZ
As of March 16, 2025 the best value apartment in the Peterson Park area is the $1.62 price per square foot 400 E Greenway Dr Model at 400 E Greenway Dr in the in the South Phoenix neighborhood starting from $3,000. The second greatest value Peterson Park apartment is the 4112 E St Anne Ave Model at 4112 E St Anne Ave starting at $1,819 with a $1.16 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Peterson Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 400 E Greenway Dr | 400 E Greenway Dr | 4BR,3BA | $1.62 |
| 4112 E St Anne Ave | 4112 E St Anne Ave | 3BR,2BA | $1.16 |
| 4508 E Saint Catherine Ave | 4508 E Saint Catherine Ave | 4BR,2BA | $1.42 |
| San Palmilla | Two Bedroom/Two Bath | 2BR,2BA | $1.59 |
| 1808 W Village Way | 1808 W Village Way | 3BR,2BA | $1.61 |
| Galleria Palms | Catalina Reno | 3BR,2BA | $1.63 |
| Sono Tempe | Draper | 2BR,2BA | $1.58 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.42 |
| Tides at Park View | B1 | 2BR,1BA | $1.61 |
| 505 West | Rillito | 1BR,1BA | $1.68 |
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Pet Friendly LifestylePeterson Park, Tempe, AZ
Ranked #26
Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Peterson Park, Tempe, AZ
School data provided by Great Schools
Best Local Schools in Peterson Park, Tempe, AZ
School data provided by Great Schools
Frequently Asked Questions about Cheap Peterson Park Apartments
What is the Cheapest Studio apartment in Peterson Park?
Currently the most affordable Cheap Studio Apartment in Peterson Park is at The Mod at Mills listed at $898.
How much is rent for a Cheap One Bedroom Peterson Park Apartment?
The lowest price for a Cheap One Bedroom Peterson Park Apartment is $975 at Lyndon Lane.
What is the lowest price for a Cheap Two Bedroom Peterson Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peterson Park is starting from $1,175 at Sono Tempe.
What is the most affordable Peterson Park Three Bedroom Apartment?
The best deal on a cheap Peterson Park Three Bedroom Apartment rental is at Galleria Palms and starts from $1,843.
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.