Cheap Homes for Rent in University Park Neighborhood of Tempe, AZ from $700 (10 Rentals)

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

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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
Axio Apartments1x11BR,1BA$1,000

Best Value Apartments for Rent in University Park, AZ

As of May 12, 2025 the best value apartment in the University Park area is the $1.67 price per square foot 3 Bedroom 3.5 Bath Model at The Place On Jentilly in the in the Downtown Tempe neighborhood starting from $2,750. 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.
The Place On Jentilly3 Bedroom 3.5 Bath3BR,3.5BA$1.67
Roosevelt Luxury Townhomes2x2.5 Standard Garage2BR,2.5BA$1.72
AgaveSaguaro3BR,2BA$1.49
IMT Desert Palm Village2B2BR,2BA$1.70
The Brentwood2BR/2.0BA2BR,2BA$1.81
Corsican2 Bed - 1 Bath2BR,1BA$1.31
Nine20 TempeB12BR,2BA$1.39
University ParkTwo Bedroom Two Bathroom2BR,2BA$1.70
Beautiful Renovations One and Two Bedrooms2x1 -252BR,1BA$1.69
1433 S Kenneth PlTwo Bedroom/One Bath2BR,1BA$1.68

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Frequently Asked Questions about University Park

What type of rentals are currently available in University Park?

There are currently 226 Apartments for Rent in University Park, AZ with pricing that ranges from $799 to $14,000. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $750 to $5,800.

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 $750 to $5,800 with an average monthly rent of $2,694.

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 $750 to $3,795. 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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.