
Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $700 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Tempe.


820 W 9th St

820 W 9th St

700 W University Dr, Unit 141
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.

302 S Westfall Ave, Unit 1

906 S Farmer Ave, Unit B

114 S Wilson St

1234 W 4th St
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.

1343 W 3rd St

1228 W 4th St

1238-1238 W 4th St

616 S Hardy Dr
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.

1077 W 1st St

1214 S Roosevelt St, Unit A

1240-1246 4th St

1065 W 1st St
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

1245 W 4th St

1245 4th St
Riverside, Tempe, AZ Local Guide

How much does it cost to rent a home in Riverside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverside 2 Bedroom Homes for Rent | $2,022 | $950 | $3,500 |
Riverside 3 Bedroom Homes for Rent | $2,634 | $750 | $3,795 |
Riverside 4 Bedroom Homes for Rent | $3,226 | $2,000 | $4,950 |
Riverside 5 Bedroom Homes for Rent | $3,765 | $2,750 | $5,500 |
Riverside 6 Bedroom Homes for Rent | $750 | $750 | $750 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Riverside Neighborhood of Tempe, AZ.
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Riverside, Tempe, AZ Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Axio Apartments | 1x1 | 1BR,1BA | $900 |
Grandes Cortes | Studio | Studio,1BA | $949 |
Parq on 5th | Studio | Studio,1BA | $974 |
Lyndon Lane | One Bed One Bath | 1BR,1BA | $975 |
Riverside Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
Salado Springs | Two Bed Two Bath | 2BR,2BA | $1.87 |
1245 W 4th St, Unit 1 | 1245 W 4th St | 2BR,1BA | $2.08 |
Roosevelt Park | 2 Bedroom 2 Bath | 2BR,2BA | $2.06 |
McKemy at Tempe Town Lake | 2x1 | 2BR,1BA | $2.07 |
West 5th | 1BR/1.0BA | 1BR,1BA | $2.15 |
Solaris On University | P1 -1 x 1 | 1BR,1BA | $1.87 |
Axio Apartments | 1x1 | 1BR,1BA | $1.73 |
Furnished 1 bed / 1 bath in a 4 bedroom | 1 bedroom1 bath | 4BR,4BA | $1.99 |
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 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.

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.