Cheap Apartments for Rent in the 525 Town Lake Neighborhood of Tempe, AZ from $700 (56 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 525 Town Lake area of Tempe.

property at 700 W University Dr

$950 - $1,100

Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,100
Total Monthly Price
$950 - $1,100

1 To 2 Bedroom Condos for Rent

Available Now

700 W University Dr

TempeAZ85281
property at 528 W Howe St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

528 W Howe St

TempeAZ85281

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West 5th
$1,234 - $1,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,234 - $1,334
Total Monthly Price
$1,234 - $1,334
1 to 2 Bedroom Apartments Available Now

West 5th

601 W 5th StTempe, AZ 85281
Affordability
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  • Customer Reviewed
  • Utilities Included

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 731 W University Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available May 15

731 W University Dr

TempeAZ85281
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Lyndon Lane
$1,425 - $1,530
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $1,530
Total Monthly Price
$1,425 - $1,530
Studio to 2 Bedroom Apartments Available Now

Lyndon Lane

1548 W University DrTempe, AZ 85281
Affordability
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  • Customer Reviewed
  • 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Encore on Farmer
1 to 2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
  • Utilities Included
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Plaza East
1 Bedroom Apartments

Plaza East

807 W 3rd StTempe, AZ 85281
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Venture on Wilson
1 to 2 Bedroom Apartments

Venture on Wilson

626 S Wilson StTempe, AZ 85281
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Hidden Glen
1 to 2 Bedroom Apartments

Hidden Glen

818 W 3rd StTempe, AZ 85281
  • Utilities Included
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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Parkview on 5th
Studio to 2 Bedroom Apartments

Parkview on 5th

704-724 W 5th StTempe, AZ 85281
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Plaza East
1 Bedroom Apartments

Plaza East

807-819 W 3rd StTempe, AZ 85281
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Rio Paradiso
Studio to 3 Bedroom Apartments

Rio Paradiso

1033 N Parkside DrTempe, AZ 85288
Student Housing
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Wilson Studios
Studio Apartments

Wilson Studios

110-114 S Wilson StTempe, AZ 85281
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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525 Town Lake, Tempe, AZ Local Guide

Cheapest Available 525 Town Lake Apartments for Rent

 

The cheapest available apartment rental in the 525 Town Lake area of Phoenix, AZ is a Studio unit found at Villas on 4th priced from $875. Grandes Cortes has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable 525 Town Lake apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Villas on 4thStudioStudio,1BA$875
Grandes CortesStudioStudio,1BA$899
MargoStudioStudio,1BA$929
Parq on 5thStudioStudio,1BA$932
Studio 710 ApartmentsSmall StudioStudio,1BA$949
Axio Apartments1x11BR,1BA$999
Riverside ApartmentsStudioStudio,1BA$1,183
West 5th1BR/1.0BA1BR,1BA$1,234
Union TempeStudioStudio,1BA$1,250
Rio ParadisoA11BR,1BA$1,270

Best Value Apartments for Rent in 525 Town Lake, AZ

As of April 23, 2026 the best value apartment in the 525 Town Lake area is the $1.39 price per square foot 2x2.5 Tandem Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $2,495. The second greatest value 525 Town Lake apartment is the Two Bedroom 2.5 Bathroom Model at Dolce Villagio Townhomes starting at $2,125 with a $1.78 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for 525 Town Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roosevelt Luxury Townhomes2x2.5 Tandem Garage2BR,2.5BA$1.39
Dolce Villagio TownhomesTwo Bedroom 2.5 Bathroom2BR,2.5BA$1.78
Luna Bear 5th StreetB12BR,2BA$1.37
Lyndon LaneLyndon Lane Two Bedroom One Bath2BR,1BA$1.58
Roosevelt South2BR/1.0BA2BR,1BA$1.81
McKemy at Tempe Town Lake2x12BR,1BA$2.00
West 5th2BR/1.0BA2BR,1BA$1.78
Rio ParadisoA11BR,1BA$1.71
Tremezzo on the LakeB1R2BR,1BA$1.83
Axio Apartments1x11BR,1BA$1.92

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Pet Friendly Lifestyle
525 Town Lake, Tempe, AZ

Ranked #41

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Arizona, including Tempe. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best outdoor access, kid and pet-friendly communities, availability of transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap 525 Town Lake Apartments

What is the Cheapest Studio apartment in 525 Town Lake?

Currently the most affordable Cheap Studio Apartment in 525 Town Lake is at Villas on 4th listed at $875.

How much is rent for a Cheap One Bedroom 525 Town Lake Apartment?

The lowest price for a Cheap One Bedroom 525 Town Lake Apartment is $999 at Axio Apartments.

What is the lowest price for a Cheap Two Bedroom 525 Town Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 525 Town Lake is starting from $1,150 at Axio Apartments.

What is the most affordable 525 Town Lake Three Bedroom Apartment?

The best deal on a cheap 525 Town Lake Three Bedroom Apartment rental is at Union Tempe and starts from $1,300.

Expert Rental Resources

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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