Cheap Apartments for Rent in Tempe, AZ from $300 (391 Rentals)

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Sono Tempe
Rent Specials
$813 - $3,248
Total Monthly Price

Total Monthly Price

Base Rent
$736 - $3,171
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Sono Tempe

4130 S Mill AveTempe, AZ 85282
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El Diablo Apartments
Rent Specials
$885 - $1,295
Total Monthly Price

Total Monthly Price

Base Rent
$825 - $1,235
Required Monthly Fees
$60
Total Monthly Price
$885 - $1,295
1 to 2 Bedroom Apartments Available Now

El Diablo Apartments

1201 S McCLintock DrTempe, AZ 85281
Student Housing
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  • Utilities Included
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Parq on 5th
Rent Specials
$926 - $1,579
Total Monthly Price

Total Monthly Price

Base Rent
$845 - $1,498
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Parq on 5th

805 W Brown StTempe, AZ 85281
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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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Sentry Tempe
$929 - $2,747
Total Monthly Price

Total Monthly Price

Base Rent
$851 - $2,669
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Studio to 2 Bedroom Apartments Available Now

Sentry Tempe

3730 S Mill AveTempe, AZ 85282
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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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MadEry Apartments
Rent Specials
$999 - $1,361
Total Monthly Price

Total Monthly Price

Base Rent
$794 - $1,156
Required Monthly Fees
$205
Total Monthly Price
$999 - $1,361
1 to 2 Bedroom Apartments Available Now

MadEry Apartments

1865 E Broadway RdTempe, AZ 85282
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Scottsdale Gateway
Rent Specials
$1,039 - $2,006
Total Monthly Price

Total Monthly Price

Base Rent
$1,017 - $1,984
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Scottsdale Gateway

2100 N Scottsdale RdTempe, AZ 85288
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Villatree Apartments
Rent Specials
$1,041 - $2,059
Total Monthly Price

Total Monthly Price

Base Rent
$937 - $1,955
Required Monthly Fees
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Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Villatree Apartments

1750 S Price RdTempe, AZ 85281
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New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options

Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.

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Eastridge Apartments
Rent Specials
$1,050 - $1,885
Total Monthly Price

Total Monthly Price

Base Rent
$1,020 - $1,855
Required Monthly Fees
$30
Total Monthly Price
$1,050 - $1,885
Studio to 2 Bedroom Apartments Available Now

Eastridge Apartments

1522 E Southern AveTempe, AZ 85282
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property at 330 S Beck Ave

$1,050 - $1,350

1 To 2 Bedroom Rentals

Available Now

330 S Beck Ave

TempeAZ85281
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505 West
$1,055 - $2,455
Total Monthly Price

Total Monthly Price

Base Rent
$1,009 - $2,409
Required Monthly Fees
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1 to 3 Bedroom Apartments Available Now

505 West

505 W Baseline RdTempe, AZ 85283
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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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Strada
Rent Specials
$1,099 - $1,659
Total Monthly Price

Total Monthly Price

Base Rent
$988 - $1,548
Required Monthly Fees
$111
Total Monthly Price
$1,099 - $1,659
1 to 2 Bedroom Apartments Available Now

Strada

701 W Grove PkyTempe, AZ 85283
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Avana Tempe
Rent Specials
$1,113 - $5,039
Total Monthly Price

Total Monthly Price

Base Rent
$1,097 - $5,023
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Avana Tempe

30 W Carter DrTempe, AZ 85282
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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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Tempe, AZ Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Tempe, AZ

Pricing Updated: 03/22/2026

Current apartment rentals in the Tempe, AZ area range in price from $599 to $9,500 with an overall median price of $4,206. The three Tempe neighborhoods with the lowest median rent pricing are Guadalupe at $1,228, Tally Ho Farms Raintree at $1,750, and South Tempe at $995. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Guadalupe$2,695$1,22813
Tally Ho Farms Raintree$3,250$1,75015
South Tempe$3,700$99583
West Chandler$3,950$1,27958
Apache$5,100$99550
Alameda$5,300$599182
The Lakes$5,450$1,00473

Cheapest Available Tempe Apartments for Rent

 

The cheapest available apartment rental in Tempe, AZ is a 1 Bed unit found at Terrasol in the South Phoenix neighborhood priced from $813. Valencia Park in the South Phoenix neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here is today’s list of the most affordable Tempe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
TerrasolA11BR,1BA$813
Valencia ParkSonomaStudio,1BA$835
Papago VistaJunior One Bedroom1BR,1BA$850
The Link ApartmentsStudio - ClassicStudio,1BA$850
The Atrium1x11BR,1BA$850
Villas on 4thStudioStudio,1BA$875
El Diablo Apartments1BR/1.0BA1BR,1BA$885
Willowbrook Apartments1261BR,1BA$895
Grandes CortesStudioStudio,1BA$899

Best Value Apartments for Rent in Tempe, AZ

As of March 22, 2026 the best value apartment in the Tempe 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 Tempe apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,059 with a $0.73 price per square foot in the Downtown Tempe 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$0.53
Nine20 TempeD1 PHPV4BR,4BA$0.73
Villas at PapagoTwo Bedroom Villas2BR,1BA$1.02
Waterford Place2 Bed 2 Bath LG2BR,2BA$1.32
Avenue 8B12BR,2BA$1.00
Vista ValleyB12BR,2BA$1.29
Butterfield ParkTwo Bedroom Two Bathroom2BR,2BA$1.21
Sago GardensSingle Story2BR,1BA$1.21
6125 E Indian School Rd, Unit 2206125 E Indian School Rd1BR,1BA$1.21
TerrasolA11BR,1BA$1.31

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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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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.

Best Local Schools in
Tempe, AZ

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Tempe, AZ Rentals by Map

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See the most popular apartments and homes in Tempe, AZ

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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 $835.

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

The lowest price for a Cheap One Bedroom Tempe Apartment is $813 at Terrasol.

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 $950 at Sago Gardens.

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 $1,100.

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.

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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

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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.