Cheap New Apartments for Rent in Tempe, AZ from $600 (41 Rentals)

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Nexa
Rent Specials
from $1,374Built in 2017Studio to 3 Bedroom Apartments Available Now

Nexa

1205-1221 E Apache BlvdTempe, AZ 85281
Furnished
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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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Valor on Eighth
Built in 20181 to 3 Bedroom Apartments

Valor on Eighth

1001 E 8th StTempe, AZ 85281
  • Utilities Included
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1620 E Apache Blvd
Built in 2023Studio to 1 Bedroom Apartments

1620 E Apache Blvd

1620 E Apache BlvdTempe, AZ 85281
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Granada Lakes
Built in 20202 Bedroom Apartments

Granada Lakes

5701 S Rural RdTempe, AZ 85283
  • 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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Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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Jefferson Chandler
Built in 2017Studio to 3 Bedroom Apartments

Jefferson Chandler

3950 W Chandler BlvdChandler, AZ 85226
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The Quinn
Built in 2025Studio to 1 Bedroom Apartments

The Quinn

5121 E La Puente AvePhoenix, AZ 85044
  • Utilities Included
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Carter
Built in 2017Studio to 2 Bedroom Apartments

Carter

3300 N Scottsdale RdScottsdale, AZ 85251
Showing Results 1-41, Page 1 of 1

Tempe, AZ Local Guide

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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Getting Around Tempe, AZ

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

74 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

46 / 100

Some Transit

A few 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 Tempe Apartments

What is a cheap apartment in Tempe?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Tempe is under $943.

What is the price of a cheap apartment in Tempe?

The cheapest apartment in Tempe is Valencia Park which is listed at $850, while the average apartment in Tempe costs $2,685.

What types of apartments are the cheapest in Tempe?

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 380 regular apartments in Tempe 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 Tempe?

Cheap apartments in Tempe have an average cost of $371 which is $2,314 cheaper than the average rent for all rentals in Tempe.

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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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.