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Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $600 (64 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.
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from $898Studio to 2 Bedroom Apartments Available Now
University Pointe Apartments
919 E Lemon StTempe, AZ 85281
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from $1,000Studio Apartments Available Now
Studio 710 Apartments
710 S Hardy DrTempe, AZ 85281
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from $1,123Studio to 2 Bedroom Apartments Available Now
Paseo on University
1255 E University DrTempe, AZ 85281
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from $1,1501 to 3 Bedroom Apartments Available Now
Westmount at Downtown Tempe
615 S Hardy DrTempe, AZ 85281
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from $1,150Studio Apartments Contact Us For Availability
University Valley Apartments
1115 E Lemon StTempe, AZ 85281
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from $1,1901 to 3 Bedroom Apartments Available Now
IMT Desert Palm Village
1215 E Vista Del Cerro DrTempe, AZ 85281
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from $1,2491 to 2 Bedroom Apartments Available Now
The Heights on Lemon
1224 E Lemon StTempe, AZ 85281
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from $1,271Studio to 1 Bedroom Apartments Available Now
Dwell @ 5th and Farmer
426 W 5th StTempe, AZ 85281
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from $1,3002 Bedroom Apartments Contact Us For Availability
Sago Gardens
1015 S Stanley PlTempe, AZ 85281
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from $1,306Studio to 3 Bedroom Apartments Available Now
Volta on Broadway
1221 E Broadway RdTempe, AZ 85282
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from $1,324Studio to 3 Bedroom Apartments Available Now
Nexa
1205-1221 E Apache BlvdTempe, AZ 85281
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from $1,344Studio to 2 Bedroom Apartments Available Now
Array on Apache
1100 E Apache BlvdTempe, AZ 85281
615 S Hardy Dr
TempeAZ85281
2309 S College Ave
TempeAZ85282
510 W University Dr
TempeAZ85281
700 W University Dr
TempeAZ85281
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from $1,4501 to 2 Bedroom Apartments Available Now
Tempe Terrace
1130 E Orange StTempe, AZ 85281
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from $1,499Studio to 2 Bedroom Apartments Available Now
Vero
651 E 6th StTempe, AZ 85281
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from $1,541Studio to 3 Bedroom Apartments Available Now
NOVO Broadway Apartments
711 W Broadway RdTempe, AZ 85282
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1436 S Terrace Rd
TempeAZ85281
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from $1,599Studio to 4 Bedroom Apartments Available Now
West 6th
115 W 6th StTempe, AZ 85281
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University Park, Tempe, AZ Local Guide
How much does it cost to rent an apartment in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park Studio Apartments | $1,551 | $699 | $3,308 |
| University Park 1 Bedroom Apartments | $1,823 | $1,099 | $2,981 |
| University Park 2 Bedroom Apartments | $2,252 | $1,089 | $4,950 |
| University Park 3 Bedroom Apartments | $2,167 | $1,019 | $5,782 |
| University Park 4 Bedroom Apartments | $1,429 | $799 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 64 rentals with your search options within a 1 mile radius of the University Park Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
University Park, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Pointe Apartments | Studio | Studio,1BA | $898 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,000 |
| Hidden Glen | 1X1 | 1BR,1BA | $1,050 |
| Beautiful Renovations One and Two Bedrooms | 1x1 not renovated | 1BR,1BA | $1,050 |
| Paseo on University | Studio | Studio,1BA | $1,123 |
| Parq on 5th | A1 | 1BR,1BA | $1,132 |
| IMT Desert Palm Village | 1A | 1BR,1BA | $1,190 |
| Canvas | DTH2 | 4BR,4BA | $1,224 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in University Park, AZ
As of March 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1126 E Alameda Dr | 1126 E Alameda Dr | 5BR,3BA | $1.25 |
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
| Stanley Place Apartments | Two Bed Two Bath Plus Den | 2BR,2BA | $1.56 |
| IMT Desert Palm Village | 2B | 2BR,2BA | $1.70 |
| The Brentwood | 2BR/2.0BA | 2BR,2BA | $1.71 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.42 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.48 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.47 |
| GREAT COMMUNITY BY ASU | 2BR/1.0BA | 2BR,1BA | $1.86 |
| Beautiful Renovations One and Two Bedrooms | 2x1 -25 | 2BR,1BA | $1.58 |
Quick Rent Budget Calculator
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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.
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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #33
Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in University Park, Tempe, AZ
McKemy Academy of International Studies
Tempe School District
Public School - Grades 6-8 (334)
6 out of 10
School data provided by Great Schools
Best Local Schools in University Park, Tempe, AZ
McKemy Academy of International Studies
Tempe School District
Public School - Grades 6-8 (334)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap University Park Apartments
What is a cheap apartment in University Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park is under $1,249.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Hidden Glen which is listed at $1,050, while the average apartment in University Park costs $1,801.
What types of apartments are the cheapest in University Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 4,509 regular apartments in University Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in University Park?
Cheap apartments in University Park have an average cost of $817 which is $984 cheaper than the average rent for all rentals in University Park.
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).
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.
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.
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.