Cheap Apartments for Rent in the 525 Town Lake Neighborhood of Tempe, AZ from $700 (48 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 615 S Hardy Dr

$1,244 - $1,294

1 To 2 Bedroom Rentals

Available Now

615 S Hardy Dr

TempeAZ85281

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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
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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

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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
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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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Wilson Studios
Studio Apartments

Wilson Studios

110-114 S Wilson 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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Pecan Grove Estates
1 to 2 Bedroom Apartments

Pecan Grove Estates

1233 W 4th StTempe, AZ 85281
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

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Roosevelt South
2 to 3 Bedroom Apartments

Roosevelt South

1009 S Roosevelt StTempe, AZ 85281
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Salado Springs
1 to 2 Bedroom Apartments

Salado Springs

242 S Beck AveTempe, 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
Showing Results 1-48, 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 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
Solaris On UniversityU1 - 1 x 11BR,1BA$1,029
Axio Apartments1x11BR,1BA$1,100
Westmount at Downtown TempeSunset Diamond2BR,1BA$1,159
West 5th1BR/1.0BA1BR,1BA$1,199
Union Tempe3x2TH3BR,2BA$1,225
Dwell at 5th and Farmer0 Bed/1 BathStudio,1BA$1,275
Tremezzo on the LakeB1R2BR,1BA$1,299

Best Value Apartments for Rent in 525 Town Lake, AZ

As of March 09, 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 B1 Model at Luna Bear 5th Street starting at $1,299 with a $1.37 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
Luna Bear 5th StreetB12BR,2BA$1.37
Lyndon LaneTwo Bed One Bath2BR,1BA$1.66
Roosevelt Park2 Bedroom 2 Bath2BR,2BA$1.80
McKemy at Tempe Town Lake2x12BR,1BA$1.86
West 5th2BR/1.0BA2BR,1BA$1.73
Rio ParadisoA11BR,1BA$1.79
Solaris On UniversityS2 -2 x 12BR,1BA$1.68
Union Tempe2x1FL2BR,1BA$1.86
Westmount at Downtown TempeSunrise Diamond1BR,1BA$2.07

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

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

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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 #33

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 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 $1,299.

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 $1,029, while the average apartment in 525 Town Lake costs $3,292.

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 72 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 $1,518 which is $1,774 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

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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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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.

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

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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

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Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.