Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $700 (18 Rentals)

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

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.

property at 1234 W 4th St

1234 W 4th St

TempeAZ85281

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

property at 1228 W 4th St

1228 W 4th St

TempeAZ85281
property at 616 S Hardy Dr

616 S Hardy Dr

TempeAZ85281

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

property at 1065 W 1st St

1065 W 1st St

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

property at 1245 W 4th St

1245 W 4th St

TempeAZ85281

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 1 Bed unit found at Axio Apartments priced from $900. 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
Axio Apartments1x11BR,1BA$900
Grandes CortesStudioStudio,1BA$949
Parq on 5thStudioStudio,1BA$974
Lyndon LaneOne Bed One Bath1BR,1BA$975
Riverside ApartmentsStudioStudio,1BA$978

Best Value Apartments for Rent in Riverside, AZ

As of May 14, 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 2 Bed - 1 Bath Model at Corsican starting at $1,199 with a $1.31 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
Corsican2 Bed - 1 Bath2BR,1BA$1.31
Salado SpringsTwo Bed Two Bath2BR,2BA$1.87
1245 W 4th St, Unit 11245 W 4th St2BR,1BA$2.08
Roosevelt Park2 Bedroom 2 Bath2BR,2BA$2.06
McKemy at Tempe Town Lake2x12BR,1BA$2.07
West 5th1BR/1.0BA1BR,1BA$2.15
Solaris On UniversityP1 -1 x 11BR,1BA$1.87
Axio Apartments1x11BR,1BA$1.73
Furnished 1 bed / 1 bath in a 4 bedroom1 bedroom1 bath4BR,4BA$1.99

Quick Rent Budget Calculator

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 171 Apartments for Rent in Riverside, AZ with pricing that ranges from $899 to $14,000. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $750 to $5,500.

What is the current price range for Rental Homes in Riverside?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverside ranges from $750 to $5,500 with an average monthly rent of $2,139.

How much are larger Three and Four Bedroom Rentals in Riverside?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverside range from $1,095 to $5,782, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,795. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,045.

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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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.

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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.

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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.