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Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $900 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Lakes area of Tempe.
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Mercury on Mill
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Tempe Park Place
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Eastridge Apartments
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Lakeview at the Bay
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Nines at Lakeside
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Sofia Apartments
The Lakes, Tempe, AZ Local Guide
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How much does it cost to rent an apartment in The Lakes?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
The Lakes Studio Apartments | $1,573 | $915 | $2,885 |
The Lakes 1 Bedroom Apartments | $1,652 | $999 | $3,443 |
The Lakes 2 Bedroom Apartments | $1,897 | $1,225 | $4,100 |
The Lakes 3 Bedroom Apartments | $2,505 | $1,990 | $5,787 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the The Lakes Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
The Lakes, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available The Lakes Apartments for Rent
 The cheapest available apartment rental in the The Lakes area of Tempe, AZ is a Studio unit found at Avana Tempe priced from $990. Mercury on Mill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Avana Tempe | Studio - Sophisticated | Studio,1BA | $990 |
Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $999 |
Sentry Tempe | Kona | Studio,1BA | $1,004 |
Tempe Park Place | Horizon | 1BR,1BA | $1,020 |
Sono Tempe | Cooper | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in The Lakes, AZ
As of February 26, 2025 the best value apartment in the The Lakes area is the $1.62 price per square foot B3 Model at San Marino in the in the South Phoenix neighborhood starting from $1,919. The second greatest value The Lakes apartment is the Two Bedroom/Two Bath Model at San Palmilla starting at $1,835 with a $1.63 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for The Lakes apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
San Marino | B3 | 2BR,2BA | $1.62 |
San Palmilla | Two Bedroom/Two Bath | 2BR,2BA | $1.63 |
CityScape at Lakeshore | Two Bedroom Two Bath Upgraded B3 | 2BR,2BA | $1.52 |
Lakeview at the Bay | San Marcos | 2BR,2BA | $1.49 |
The Rev Apartment Homes | B1 | 2BR,2BA | $1.59 |
Sono Tempe | Cooper | 2BR,1BA | $1.30 |
505 West | Rillito | 1BR,1BA | $1.65 |
Sofia Apartments | The Athena (1x1) | 1BR,1BA | $1.69 |
Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $1.57 |
Tempe Park Place | Horizon | 1BR,1BA | $1.62 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleThe Lakes, Tempe, AZ
Ranked #36
Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in The Lakes, Tempe, AZ
Marcos De Niza High School
Fees College Preparatory Middle School
School data provided by Great Schools
Best Local Schools in The Lakes, Tempe, AZ
Marcos De Niza High School
Fees College Preparatory Middle School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for Central Tempe. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the The Lakes Neighborhood in Tempe, AZ
Walk Score®
68 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
72 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
40 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap The Lakes Apartments
What is the Cheapest Studio apartment in The Lakes?
Currently the most affordable Cheap Studio Apartment in The Lakes is at Avana Tempe listed at $990.
How much is rent for a Cheap One Bedroom The Lakes Apartment?
The lowest price for a Cheap One Bedroom The Lakes Apartment is $999 at Mercury on Mill.
What is the lowest price for a Cheap Two Bedroom The Lakes Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in The Lakes is starting from $1,175 at Sono Tempe.
What is the most affordable The Lakes Three Bedroom Apartment?
The best deal on a cheap The Lakes Three Bedroom Apartment rental is at 909 West and starts from $1,890.
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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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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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.
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How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.
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Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.