Cheap Apartments for Rent in the Riverside Neighborhood of Tempe, AZ from $700 (44 Rentals)

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

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property at 615 S Hardy Dr

615 S Hardy Dr

TempeAZ85281

Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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Town Lake Apartments
1 Bedroom Apartments

Town Lake Apartments

1218-1246 W 4th StTempe, AZ 85281
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Plaza East
1 Bedroom Apartments

Plaza East

807 W 3rd StTempe, AZ 85281
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Encore on Farmer
1 to 2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
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Villa Nicole
2 Bedroom Apartments

Villa Nicole

1014 S Farmer AveTempe, AZ 85281
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Parkview on 5th
1 to 2 Bedroom Apartments

Parkview on 5th

704-724 W 5th StTempe, AZ 85281
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Wilson Studios
Studio Apartments

Wilson Studios

110-114 S Wilson StTempe, AZ 85281
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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
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Salado Springs
1 Bedroom Apartments

Salado Springs

242 S Beck AveTempe, AZ 85281
Showing Results 1-44, Page 1 of 1

Riverside, Tempe, AZ Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Phoenix, AZ is a Studio unit found at Riverside Apartments priced from $902. Grandes Cortes has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Riverside apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Riverside ApartmentsStudioStudio,1BA$902
Grandes CortesStudioStudio,1BA$949
Lyndon LaneOne Bed One Bath1BR,1BA$975
Solaris On UniversityS1 -1 x 11BR,1BA$1,019
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$1,020
Axio Apartments1x11BR,1BA$1,100
Westmount at Downtown TempeSunset Classic2BR,1BA$1,250
Parq on 5thA11BR,1BA$1,267
Dwell @ 5th and FarmerRoadrunnerStudio,1BA$1,271
Corsican2 Bed - 1 Bath2BR,1BA$1,299

Best Value Apartments for Rent in Riverside, AZ

As of April 18, 2025 the best value apartment in the Riverside area is the $1.72 price per square foot 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $2,700. The second greatest value Riverside apartment is the One Bedroom Model at SALT starting at $2,015 with a $2.09 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roosevelt Luxury Townhomes2x2.5 Standard Garage2BR,2.5BA$1.72
SALTOne Bedroom1BR,1BA$2.09
Corsican2 Bed - 1 Bath2BR,1BA$1.42
McKemy at Tempe Town Lake2x12BR,1BA$2.07
Roosevelt Park1 Bedroom 1 Bath1BR,1BA$2.07
West 5th1BR/1.0BA1BR,1BA$2.15
Westmount at Downtown TempeSunrise Diamond1BR,1BA$2.17
Solaris On UniversityS1 -1 x 11BR,1BA$1.89
Axio Apartments1x11BR,1BA$2.12
Furnished 1 bed / 1 bath in a 4 bedroom ap...1 bedroom1 bath4BR,4BA$1.99

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Pet Friendly Lifestyle
Riverside, Tempe, AZ

Ranked #42

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Riverside Apartments

What is a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $1,299.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is Lyndon Lane which is listed at $975, while the average apartment in Riverside costs $3,437.

What types of apartments are the cheapest in Riverside?

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 32 regular apartments in Riverside 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 Riverside?

Cheap apartments in Riverside have an average cost of $1,033 which is $2,404 cheaper than the average rent for all rentals in Riverside.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.