Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $700 (14 Rentals)

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

property at 532 W La Jolla Dr

532 W La Jolla Dr

TempeAZ85282
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 1 Bed unit found at Sentry Tempe priced from $927. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $939. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeReef1BR,1BA$927
Avana TempeStudio - ClassicStudio,1BA$939
Tempe Park PlaceHorizon1BR,1BA$1,020
Eastridge ApartmentsStudioStudio,1BA$1,065
505 WestRillito1BR,1BA$1,115

Best Value Apartments for Rent in The Lakes, AZ

As of April 07, 2025 the best value apartment in the The Lakes area is the $1.52 price per square foot Palm - Renovated Lakeview Model at Nines at Lakeside in the in the South Phoenix neighborhood starting from $2,025. The second greatest value The Lakes apartment is the Colorado Model at 505 West starting at $1,890 with a $1.58 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.
Nines at LakesidePalm - Renovated Lakeview3BR,2BA$1.52
505 WestColorado3BR,2BA$1.58
The Enclave Apartment HomesB12BR,2BA$1.77
Lakeview at the BaySan Marcos2BR,2BA$1.49
San PalmillaOne Bedroom/One Bath1BR,1BA$1.68
The Lennox at Tempe2x2 R2BR,2BA$1.74
La Estancia Apartment Homes1x11BR,1BA$1.66
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.58
909 WestThe Havasu - Premium Plus1BR,1BA$1.82
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 59 Apartments for Rent in The Lakes, AZ with pricing that ranges from $927 to $5,462. There are also 107 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 $3,648.

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 $1,890 to $5,462, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,599 to $4,495. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $2,349.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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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.