Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $600 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.

University Pointe Apartments

Studio 710 Apartments

700 W University Dr

Paseo on University

Westmount at Downtown Tempe

University Valley Apartments

IMT Desert Palm Village

Dwell @ 5th and Farmer

Sago Gardens

Volta on Broadway

Array on Apache

The Heights on Lemon

615 S Hardy Dr

2309 S College Ave

Tempe Terrace

Nexa

Vero

1436 S Terrace Rd

NOVO Broadway Apartments

West 6th
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 | $1,547 | $699 | $3,308 |
University Park 1 Bedroom Apartments | $1,833 | $1,099 | $2,927 |
University Park 2 Bedroom Apartments | $2,280 | $1,089 | $4,950 |
University Park 3 Bedroom Apartments | $2,196 | $1,019 | $5,782 |
University Park 4 Bedroom Apartments | $1,425 | $799 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 1 mile radius of the University Park Neighborhood of Tempe, AZ.
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University Park, Tempe, AZ Local Guide
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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 | $1,200 |
Canvas | DTH2 | 4BR,4BA | $1,224 |
Westmount at Downtown Tempe | Sunset Classic | 2BR,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 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 | $1.68 |
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 | $1.59 |
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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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
School data provided by Great Schools
Best Local Schools in University Park, Tempe, AZ
McKemy Academy of International Studies
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.

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.