Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $600 (59 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.

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ASU Crossroads
1 Bedroom Apartments

ASU Crossroads

1010-1044 E Orange StTempe, AZ 85281
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Suite 16
Studio Apartments

Suite 16

1402 S Terrace RdTempe, AZ 85281
Student Housing
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Plaza East
1 Bedroom Apartments

Plaza East

807 W 3rd StTempe, AZ 85281
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Valor on Eighth
1 to 3 Bedroom Apartments

Valor on Eighth

1001 E 8th StTempe, AZ 85281
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Tempe Horizons
2 Bedroom Apartments

Tempe Horizons

1117 E 8th StTempe, AZ 85281
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George Ann
1 Bedroom Apartments

George Ann

1122 E Lemon StTempe, AZ 85281
Student Housing
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Riviera Palms
1 to 2 Bedroom Apartments

Riviera Palms

914 E Lemon StTempe, AZ 85281
Student Housing
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University Square
Studio to 2 Bedroom Apartments

University Square

1011 E Lemon StTempe, AZ 85281
Student Housing
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Hidden Glen
1 Bedroom Apartments

Hidden Glen

818 W 3rd StTempe, AZ 85281
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Encore on Farmer
1 to 2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
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University Gardens
Studio to 2 Bedroom Apartments

University Gardens

1019 E Lemon StTempe, AZ 85281
Student Housing
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Axio Apartments
1 to 2 Bedroom Apartments

Axio Apartments

740 W University DrTempe, AZ 85281
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Villa Nicole
2 Bedroom Apartments

Villa Nicole

1014 S Farmer AveTempe, AZ 85281
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Parkview on 5th
1 to 2 Bedroom Apartments

Parkview on 5th

704-724 W 5th StTempe, AZ 85281
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Bali Hai
1 to 2 Bedroom Apartments

Bali Hai

2021 S Granada DrTempe, AZ 85282
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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
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Decco 109
1 to 2 Bedroom Apartments

Decco 109

109 E Broadway RdTempe, AZ 85282
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Agave
Studio to 3 Bedroom Apartments

Agave

1718 S Jentilly LnTempe, AZ 85281
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Casa Carmel
2 Bedroom Apartments

Casa Carmel

2222 S Rural RdTempe, AZ 85282
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Broadway 121
1 to 2 Bedroom Apartments

Broadway 121

121 E Broadway RdTempe, AZ 85282
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Park Terrace Tempe
1 to 2 Bedroom Apartments

Park Terrace Tempe

1011 E Orange StTempe, AZ 85281
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Showing Results 1-50, Page 1 of 2

University Park, Tempe, AZ Local Guide

Cheapest Available University Park Apartments for Rent

 

The cheapest available apartment rental in the University Park area of Phoenix, AZ is a Studio unit found at University Pointe Apartments priced from $898. Studio 710 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable University Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
University Pointe ApartmentsStudioStudio,1BA$898
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$1,000
Hidden Glen1X11BR,1BA$1,050
Beautiful Renovations One and Two Bedrooms1x1 not renovated1BR,1BA$1,050
Paseo on UniversityStudioStudio,1BA$1,123
Parq on 5thA11BR,1BA$1,132
IMT Desert Palm Village1A1BR,1BA$1,200
CanvasDTH24BR,4BA$1,224
Westmount at Downtown TempeSunset Classic2BR,1BA$1,250

Best Value Apartments for Rent in University Park, AZ

As of March 17, 2025 the best value apartment in the University Park area is the $1.25 price per square foot 1126 E Alameda Dr Model at 1126 E Alameda Dr in the in the Downtown Tempe neighborhood starting from $3,000. The second greatest value University Park apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,700 with a $1.72 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1126 E Alameda Dr1126 E Alameda Dr5BR,3BA$1.25
Roosevelt Luxury Townhomes2x2.5 Standard Garage2BR,2.5BA$1.72
Stanley Place ApartmentsTwo Bed Two Bath Plus Den2BR,2BA$1.56
IMT Desert Palm Village2B2BR,2BA$1.68
The Brentwood2BR/2.0BA2BR,2BA$1.71
Corsican2 Bed - 1 Bath2BR,1BA$1.42
Nine20 TempeB12BR,2BA$1.48
The Heights on Lemon2 Bedrooms, 1 Bath2BR,1BA$1.59
GREAT COMMUNITY BY ASU2BR/1.0BA2BR,1BA$1.86
Beautiful Renovations One and Two Bedrooms2x1 -252BR,1BA$1.58

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Pet Friendly Lifestyle
University Park, Tempe, AZ

Ranked #33

Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
University Park, Tempe, AZ

School data provided by Great Schools

Best Local Schools in
University Park, Tempe, AZ

School data provided by Great Schools

Frequently Asked Questions about Cheap University Park Apartments

What is the Cheapest Studio apartment in University Park?

Currently the most affordable Cheap Studio Apartment in University Park is at University Pointe Apartments listed at $898.

How much is rent for a Cheap One Bedroom University Park Apartment?

The lowest price for a Cheap One Bedroom University Park Apartment is $1,050 at Hidden Glen.

What is the lowest price for a Cheap Two Bedroom University Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Park is starting from $1,195 at Beautiful Renovations One and Two Bedrooms.

What is the most affordable University Park Three Bedroom Apartment?

The best deal on a cheap University Park Three Bedroom Apartment rental is at Westmount at Downtown Tempe and starts from $1,795.

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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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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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.