700 W University Dr, Unit 141
700 W University Dr
TempeAZ85281
Cheap Homes for Rent in University Park Neighborhood of Tempe, AZ from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Tempe.
600 S Roosevelt St
TempeAZ85281
906 S Farmer Ave, Unit B
906 S Farmer Ave
TempeAZ85281
1111 E University Dr
TempeAZ85288
1014 E Spence Ave
TempeAZ85281
408 W Howe St
TempeAZ85281
625 W 12th St
TempeAZ85281
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University Park, Tempe, AZ Local Guide
How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,965 | $975 | $3,100 |
| University Park 3 Bedroom Homes for Rent | $2,457 | $1,795 | $3,145 |
| University Park 4 Bedroom Homes for Rent | $3,109 | $2,400 | $4,400 |
| University Park 5 Bedroom Homes for Rent | $4,008 | $3,100 | $5,450 |
| University Park 6 Bedroom Homes for Rent | $4,331 | $3,200 | $4,995 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 $1,020. 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 | $1,020 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in University Park, AZ
As of April 15, 2025 the best value apartment in the University Park area is the $1.72 price per square foot 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $2,700. The second greatest value University Park apartment is the C1R Model at Aria on Mill starting at $1,699 with a $1.70 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. |
|---|---|---|---|
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
| Aria on Mill | C1R | 2BR,2BA | $1.70 |
| The Brentwood | 2BR/2.0BA | 2BR,2BA | $1.81 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.39 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.59 |
| The Rockford | 2BR/2.0BA | 2BR,2BA | $1.88 |
| IMT Desert Palm Village | 2A | 2BR,1BA | $1.79 |
| Riviera Palms | Two Bedroom | 2BR,1BA | $1.87 |
| GREAT COMMUNITY BY ASU | 2BR/1.0BA | 2BR,1BA | $1.86 |
| Beautiful Renovations One and Two Bedrooms | 2x1 -25 | 2BR,1BA | $1.58 |
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Frequently Asked Questions about University Park
What type of rentals are currently available in University Park?
There are currently 221 Apartments for Rent in University Park, AZ with pricing that ranges from $799 to $14,000. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $899 to $5,450.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $899 to $5,450 with an average monthly rent of $2,604.
How much are larger Three and Four Bedroom Rentals in University Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $1,069 to $5,782, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,145. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $799.
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.
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.
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.