Cheap Apartments for Rent in the 525 Town Lake Neighborhood of Tempe, AZ from $700 (44 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 828 W 2nd St

$1,150

2 Bedroom Rentals

Available Now

828 W 2nd St

TempeAZ85281

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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property at 615 S Hardy Dr

$1,250 - $1,497

1 To 3 Bedroom Rentals

Available Now

615 S Hardy Dr

TempeAZ85281

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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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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Encore on Farmer
1 to 2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
  • 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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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
  • Utilities Included
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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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1033 N Parkside Dr
Studio to 3 Bedroom Apartments

1033 N Parkside Dr

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

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pecan Grove Estates
1 to 2 Bedroom Apartments

Pecan Grove Estates

1233 W 4th StTempe, AZ 85281
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Emerson Mill Avenue
Studio to 2 Bedroom Apartments

Emerson Mill Avenue

101 W 5th StTempe, AZ 85281
Student Housing
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242 S Beck Ave
1 to 2 Bedroom Apartments

242 S Beck Ave

242 S Beck AveTempe, AZ 85281
Showing Results 1-44, Page 1 of 1

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 Riverside Apartments priced from $915. Margo has the second lowest priced unit, which is a Studio apartment currently listed from $929. Here are the most affordable 525 Town Lake apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Riverside ApartmentsStudioStudio,1BA$915
MargoStudioStudio,1BA$929
Grandes CortesStudioStudio,1BA$950
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$974
Westmount at Downtown TempeSunset Classic2BR,1BA$1,094
Solaris On UniversityU1 - 1 x 11BR,1BA$1,099
Dwell at 5th and Farmer0 Bed/1 BathStudio,1BA$1,149
Union Tempe3x2TH3BR,2BA$1,200
Axio Apartments1x11BR,1BA$1,200
Rio ParadisoA11BR,1BA$1,235

Best Value Apartments for Rent in 525 Town Lake, AZ

As of January 09, 2026 the best value apartment in the 525 Town Lake area is the $1.61 price per square foot 3/3 Corner Model at The Hardy Tempe Townhome Living in the in the Downtown Tempe neighborhood starting from $2,745. The second greatest value 525 Town Lake apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,595 with a $1.65 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.
The Hardy Tempe Townhome Living3/3 Corner3BR,3BA$1.61
Roosevelt Luxury Townhomes2x2.5 Standard Garage2BR,2.5BA$1.65
Luna Bear 5th StreetB12BR,2BA$1.45
Residences on Farmer2x2b2BR,2BA$1.68
Lyndon LaneTwo Bed One Bath2BR,1BA$1.66
Roosevelt Park2 Bedroom 2 Bath2BR,2BA$1.80
West 5th2BR/1.0BA2BR,1BA$1.73
Rio ParadisoA11BR,1BA$1.67
Solaris On UniversityU1 - 1 x 11BR,1BA$1.52
Union Tempe2x1FL2BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick 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.

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Pet Friendly Lifestyle
525 Town Lake, Tempe, AZ

Ranked #29

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

Pet Friendliness Lifestyle Score

3.5
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 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 $1,235.

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 $2,510.

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 59 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 $1,117 which is $1,393 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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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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Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

Written by: Andrew Jollett

I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

decorative image for A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon article

A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Written by: Andrew Jollett

Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Written by: Andrew Jollett

Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.

Articles, How-To's, and Tips

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!