Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $600 (41 Rentals)

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

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Broadway Park
1 to 2 Bedroom Apartments

Broadway Park

1120 W Broadway RdTempe, AZ 85282
  • Utilities Included
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Axio Apartments
1 to 2 Bedroom Apartments

Axio Apartments

740 W University DrTempe, AZ 85281
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Villa Nicole
2 Bedroom Apartments

Villa Nicole

1014 S Farmer AveTempe, AZ 85281
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The Vintage on College
1 to 2 Bedroom Apartments

The Vintage on College

1700 S College AveTempe, AZ 85281
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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
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Decco 109
1 to 2 Bedroom Apartments

Decco 109

109 E Broadway RdTempe, AZ 85282
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Broadway 121
1 to 2 Bedroom Apartments

Broadway 121

121 E Broadway RdTempe, AZ 85282
Showing Results 1-41, Page 1 of 1

Peterson Park, Tempe, AZ Local Guide

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 ListingModel NameBed/BathPriced From
The Mod at MillsS1Studio,1BA$898
The Molino ApartmentsStudio 315sqftStudio,1BA$899
Grandes CortesStudioStudio,1BA$949
Lyndon LaneOne Bed One Bath1BR,1BA$975
Sentry TempeKonaStudio,1BA$994
Avana TempeStudio - SophisticatedStudio,1BA$1,012
Solaris On UniversityS1 -1 x 11BR,1BA$1,019
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$1,020
Omnia BaselineA1P1BR,1BA$1,045

Best Value Apartments for Rent in Peterson Park, AZ

As of April 13, 2025 the best value apartment in the Peterson Park area is the $1.65 price per square foot 3 Bed/2 Bath Model at Sanctuary at South Mountain in the in the South Phoenix neighborhood starting from $2,300. The second greatest value Peterson Park apartment is the 3A Model at San Portella starting at $2,250 with a $1.72 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Peterson Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sanctuary at South Mountain3 Bed/2 Bath3BR,2BA$1.65
San Portella3A3BR,2BA$1.72
Aria on MillC1R2BR,2BA$1.70
San PalmillaOne Bedroom/One Bath1BR,1BA$1.68
505 WestSaguaro2BR,1BA$1.53
The Pointe at South Mountain1 Bedroom 1 Bathroom F1BR,1BA$1.69
Tides at Park ViewB12BR,1BA$1.53
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.58
Highland Park1x1 Reno1BR,1BA$1.78
Omnia BaselineA1RWD1BR,1BA$1.68

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Pet Friendly Lifestyle
Peterson Park, Tempe, AZ

Ranked #30

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $1,170 at Omnia Baseline.

What is the most affordable Peterson Park Three Bedroom Apartment?

The best deal on a cheap Peterson Park Three Bedroom Apartment rental is at Tides at Park View and starts from $1,710.

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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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.