Cheap Apartments for Rent in Tempe, AZ from $600 (401 Rentals)

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Scottsdale Gateway
Rent Specials
$870 - $2,141
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$870 - $2,141
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Varies
Studio to 2 Bedroom Apartments Available Now

Scottsdale Gateway

2100 N Scottsdale RdTempe, AZ 85288
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From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities

Looking to rent in the Phoenix area, but outside of the core? This guide covers top cities in the metroplex like Gilbert and Chandler, highlighting key differences in cost of living, commute, and community feel.

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Villatree Apartments
Rent Specials
$973 - $1,881
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Total Monthly Price

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$973 - $1,881
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Studio to 2 Bedroom Apartments Available Now

Villatree Apartments

1750 S Price RdTempe, AZ 85281
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Avana Tempe
Rent Specials
$983 - $4,744
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$983 - $4,744
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Studio to 2 Bedroom Apartments Available Now

Avana Tempe

30 W Carter DrTempe, AZ 85282
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Eastridge Apartments
Rent Specials
$1,040 - $1,640
Total Monthly Price

Total Monthly Price

Base Rent
$1,040 - $1,640
Total Monthly Price
$1,040 - $1,640
Studio to 2 Bedroom Apartments Available Now

Eastridge Apartments

1522 E Southern AveTempe, AZ 85282
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Your Essential Local Experts Phoenix Relocation Guide: Housing, Utilities, and Local Tips

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Parq on 5th
$1,177 - $1,669
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Total Monthly Price

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$1,177 - $1,669
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Studio to 2 Bedroom Apartments Available Now

Parq on 5th

805 W Brown StTempe, AZ 85281
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Tempe, AZ Local Guide

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Cheapest Neighborhoods for Apartments in Tempe, AZ

Pricing Updated: 08/05/2026

Current apartment rentals in the Tempe, AZ area range in price from $699 to $8,500 with an overall median price of $2,548. The three Tempe neighborhoods with the lowest median rent pricing are Apache at $2,102, Guadalupe at $2,315, and Tally Ho Farms Raintree at $2,452. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Apache$2,102$85044
Guadalupe$2,315$1,59511
Tally Ho Farms Raintree$2,452$1,85016
West Chandler$2,452$1,75058
Alameda$2,517$699238
South Tempe$2,580$1,44587
The Lakes$2,850$1,445112

Cheapest Available Tempe Apartments for Rent

 

The cheapest available apartment rental in Tempe, AZ is a 1 Bed unit found at Manhatton in the South Phoenix neighborhood priced from $750. Valencia Park in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $760. Here is today’s list of the most affordable Tempe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Manhatton1/11BR,1BA$750
Valencia ParkSonomaStudio,1BA$760
Papago VistaJunior One Bedroom1BR,1BA$850
Vista Village on Van Buren1x11BR,1BA$868
Monterey VillageS1 | StudioStudio,1BA$872
Scottsdale GatewayBayStudio,1BA$886
District at Fiesta ParkA1: 1 Bed 1 Bath1BR,1BA$893
University Pointe ApartmentsStudioStudio,1BA$899
The Mod at MillsS1Studio,1BA$899
Aster on UniversityS1 RStudio,1BA$899

Best Value Apartments for Rent in Tempe, AZ

As of August 05, 2026 the best value apartment in the Tempe area is the $0.43 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $799. The second greatest value Tempe apartment is the 2 Bedroom 2 Bath Unit Model at The Howe Apartments starting at $1,799 with a $1.13 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Tempe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.43
The Howe Apartments2 Bedroom 2 Bath Unit2BR,2BA$1.13
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.00
Rise Valley HeightsB1 Bronze2BR,2BA$1.26
Villa Real2 Beds, 2 Baths2BR,2BA$1.29
336 S Roosevelt St, Unit 2336 S Roosevelt St2BR,1BA$1.30
SoL2BR/2BA - Golden Cove2BR,2BA$1.18
Sago GardensSingle Story2BR,1BA$1.21
Galaxy Estates2 Beds, 1 Baths2BR,1BA$1.28
MadEry ApartmentsSaguaro2BR,1BA$1.35

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon

Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.

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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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Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters

A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Tempe Overview

Tempe, Arizona is in the heart of the Phoenix metro valley and has been experiencing exciting growth in recent years. Abundant sunshine, outdoor activities, a lively restaurant and entertainment scene, burgeoning tech economy, proximity to Arizona State University and moderate cost of living all make Tempe a desirable place to live.

Why live in Tempe, AZ?

Tempe is a vibrant city that is home to one of the largest U.S. universities and offers something for everyone - from sports fans to outdoor enthusiasts to foodies and life-long learners. The city embodies a resilient and progressive spirit and is quickly attracting new residents, businesses and amenities. Choosing to live in a Tempe apartment also has the added benefit of being located close to the cities of Phoenix, Scottsdale and Mesa.

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Tempe, AZ

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Tempe Apartments

What is the Cheapest Studio apartment in Tempe?

Currently the most affordable Cheap Studio Apartment in Tempe is at Valencia Park listed at $760.

How much is rent for a Cheap One Bedroom Tempe Apartment?

The lowest price for a Cheap One Bedroom Tempe Apartment is $750 at Manhatton.

What is the lowest price for a Cheap Two Bedroom Tempe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Tempe is starting from $905 at Terrasol.

What is the most affordable Tempe Three Bedroom Apartment?

The best deal on a cheap Tempe Three Bedroom Apartment rental is at SoL and starts from $1,135.

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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