
Cheap Apartments for Rent in the 525 Town Lake Neighborhood of Tempe, AZ from $700 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the 525 Town Lake area of Tempe.


1037 S Farmer Ave

Margo

Riverside Apartments

Grandes Cortes

114 S Wilson St

Solaris On University

1223 W University Dr
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Westmount at Downtown Tempe

700 W University Dr

906 S Farmer Ave

828 W 2nd St

Axio Apartments

Parq on 5th

1033 N Parkside Dr

West 5th
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909 S Priest Dr

615 S Hardy Dr

Residences on Farmer

Skywater at Tempe Town Lake

Luna Bear 5th Street

1014 S Farmer Ave

Trovita Rio

Hudson on Farmer/LeaseCo, LLC
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Lyndon Lane

1010 W University Dr

Palm Breeze Apartments

Plaza East

Venture on Wilson

Hidden Glen

Encore on Farmer

Echo Tempe
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Dwell at 5th and Farmer

902 and 908 W. 2nd Street

Mockingbird Palms Apartments

1033 N Parkside Dr

Parkview on 5th

Beautiful 1Bed/1Bath with Private Patio

Wilson Studios

Tremezzo on the Lake
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Pecan Grove Estates

Emerson Mill Avenue

Salado Springs
525 Town Lake, Tempe, AZ Local Guide

How much does it cost to rent an apartment in 525 Town Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 525 Town Lake Studio Apartments | $1,524 | $929 | $2,620 |
| 525 Town Lake 1 Bedroom Apartments | $1,759 | $979 | $2,825 |
| 525 Town Lake 2 Bedroom Apartments | $2,128 | $1,094 | $9,000 |
| 525 Town Lake 3 Bedroom Apartments | $2,611 | $1,004 | $5,479 |
| 525 Town Lake 4 Bedroom Apartments | $2,727 | $899 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 1 mile radius of the 525 Town Lake Neighborhood of Tempe, AZ.
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525 Town Lake, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
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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 Margo priced from $929. Studio 710 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable 525 Town Lake apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margo | Studio | Studio,1BA | $929 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $949 |
| Grandes Cortes | Studio | Studio,1BA | $950 |
| Westmount at Downtown Tempe | Sunset Classic | 2BR,1BA | $1,094 |
| Solaris On University | U1 - 1 x 1 | 1BR,1BA | $1,099 |
| Dwell at 5th and Farmer | 0 Bed/1 Bath | Studio,1BA | $1,149 |
| Union Tempe | 3x2TH | 3BR,2BA | $1,200 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,200 |
| Rio Paradiso | A1 | 1BR,1BA | $1,210 |
| Riverside Apartments | 2x2 | 2BR,2BA | $1,277 |
Best Value Apartments for Rent in 525 Town Lake, AZ
As of January 06, 2026 the best value apartment in the 525 Town Lake area is the $1.65 price per square foot 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $2,595. The second greatest value 525 Town Lake apartment is the C1 Model at Rio Paradiso starting at $2,080 with a $1.63 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.65 |
| Rio Paradiso | C1 | 3BR,2BA | $1.63 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1.45 |
| Lyndon Lane | Two Bed One Bath | 2BR,1BA | $1.66 |
| Roosevelt South | 2BR/1.0BA | 2BR,1BA | $1.97 |
| Roosevelt Park | 2 Bedroom 2 Bath | 2BR,2BA | $1.80 |
| Riverside Apartments | 2x2 | 2BR,2BA | $1.50 |
| West 5th | 2BR/1.0BA | 2BR,1BA | $1.73 |
| Solaris On University | U1 - 1 x 1 | 1BR,1BA | $1.52 |
| Union Tempe | 2x1FL | 2BR,1BA | $1.86 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly Lifestyle525 Town Lake, Tempe, AZ
Ranked #30
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 a cheap apartment in 525 Town Lake?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in 525 Town Lake is under $1,277.
What is the price of a cheap apartment in 525 Town Lake?
The cheapest apartment in 525 Town Lake is Solaris On University which is listed at $1,099, while the average apartment in 525 Town Lake costs $2,542.
What types of apartments are the cheapest in 525 Town Lake?
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 53 regular apartments in 525 Town Lake 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 525 Town Lake?
Cheap apartments in 525 Town Lake have an average cost of $1,131 which is $1,411 cheaper than the average rent for all rentals in 525 Town Lake.
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.
Helpful Local Expert Guides

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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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Articles, How-To's, and Tips

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Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!