Cheap Apartments for Rent in the Alameda Neighborhood of Tempe, AZ from $500 (145 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alameda 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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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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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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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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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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Alameda, Tempe, AZ Local Guide

Cheapest Available Alameda Apartments for Rent

 

The cheapest available apartment rental in the Alameda area of Tempe, AZ is a Studio unit found at The Link Apartments priced from $800. The Atrium has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Alameda apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
The Link ApartmentsStudio - ClassicStudio,1BA$800
The Atrium1x11BR,1BA$850
Sentry TempeReef1BR,1BA$868
Terra VidaSA Renovation 4Studio,1BA$880
The Willowbrook Apartments1 Beds, 1 Baths1BR,1BA$895
Sono TempeCooper2BR,1BA$897
Aster on UniversityS1 RStudio,1BA$899
Alegre Apartments1x11BR,1BA$899
Central on BroadwayBStudio,1BA$916
WaterstoneStudio S1-450Studio,1BA$925

Best Value Apartments for Rent in Alameda, AZ

As of November 21, 2025 the best value apartment in the Alameda area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Alameda apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,099 with a $0.75 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Alameda apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.53
Nine20 TempeD1 PHPV4BR,4BA$0.75
Vista ValleyB12BR,2BA$1.19
505 WestHavasu2BR,2BA$1.36
Sago GardensTownhome2BR,1BA$1.37
Corsican2 Bed - 1 Bath2BR,1BA$1.26
University ParkTwo Bedroom Two Bathroom Ensuite2BR,2BA$1.25
Hayden Terrace2x1 black appliances2BR,1BA$1.28
Station 211 Bedroom 1 Bath1BR,1BA$1.37
The Willowbrook Apartments1 Beds, 1 Baths1BR,1BA$1.38

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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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
Alameda, Tempe, AZ

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Alameda, Tempe, AZ

School data provided by Great Schools

Lifestyle Ratings

This website is proud to bring you comprehensive Lifestyle Ratings of rentals in areas across the United States, including Tempe. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, multifamily communities for the kids, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Alameda Neighborhood in Tempe, AZ

Walk Score®

68 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

50 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Alameda Apartments

What is a cheap apartment in Alameda?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alameda is under $925.

What is the price of a cheap apartment in Alameda?

The cheapest apartment in Alameda is The Atrium which is listed at $850, while the average apartment in Alameda costs $1,995.

What types of apartments are the cheapest in Alameda?

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 350 regular apartments in Alameda 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 Alameda?

Cheap apartments in Alameda have an average cost of $765 which is $1,230 cheaper than the average rent for all rentals in Alameda.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.