Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $700 (23 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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property at 5411 S Judd St

5411 S Judd St

TempeAZ85283
property at 1006 E Diamond Dr

1006 E Diamond Dr

TempeAZ85283

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The Lakes, Tempe, AZ Local Guide

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 Sentry Tempe priced from $923. Eastridge Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,015. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeKonaStudio,1BA$923
Eastridge ApartmentsStudioStudio,1BA$1,015
Tempe Park PlaceHorizon1BR,1BA$1,020
Avana TempeStudio - ClassicStudio,1BA$1,025
505 WestRillito1BR,1BA$1,110

Best Value Apartments for Rent in The Lakes, AZ

As of April 28, 2025 the best value apartment in the The Lakes area is the $1.49 price per square foot San Marcos Model at Lakeview at the Bay in the in the South Phoenix neighborhood starting from $1,484. The second greatest value The Lakes apartment is the One Bedroom/One Bath Model at San Palmilla starting at $1,495 with a $1.60 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lakeview at the BaySan Marcos2BR,2BA$1.49
San PalmillaOne Bedroom/One Bath1BR,1BA$1.60
The Lennox at Tempe2x2 C2BR,2BA$1.65
Nines at LakesideBungalow - Renovated2BR,1BA$1.84
La Estancia Apartment Homes1x11BR,1BA$1.66
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.46
San Marquis1X1-7971BR,1BA$1.88
909 WestThe Havasu - Premium Plus1BR,1BA$1.75
505 WestRillito1BR,1BA$1.54
Tempe Park PlaceHorizon1BR,1BA$1.62

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Frequently Asked Questions about The Lakes

What type of rentals are currently available in The Lakes?

There are currently 61 Apartments for Rent in The Lakes, AZ with pricing that ranges from $923 to $5,597. There are also 117 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $750 to $7,999.

What is the current price range for Rental Homes in The Lakes?

Today's rental pricing for Homes for Rent, Condos and Townhomes in The Lakes ranges from $750 to $7,999 with an average monthly rent of $3,653.

How much are larger Three and Four Bedroom Rentals in The Lakes?

For those who are looking for larger living arrangements, Three Bedroom Apartments in The Lakes range from $1,775 to $5,597, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $3,000.

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.