Cheap New Apartments for Rent in Tempe, AZ from $600 (49 Rentals)

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SALT
Rent Specials
$1,399 - $5,183Built in 2018Studio to 3 Bedroom Apartments Available Now

SALT

260 E Rio Salado PkyTempe, AZ 85281
Student Housing
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Nexa
Rent Specials
$1,405 - $2,975Built in 2017Studio to 3 Bedroom Apartments Available Now

Nexa

1205-1221 E Apache BlvdTempe, AZ 85281
Student Housing
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Aura Watermark
Rent Specials
$1,406 - $5,234
Total Monthly Price

Total Monthly Price

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$1,406 - $5,234
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Built in 2019Studio to 3 Bedroom Apartments Available Now

Aura Watermark

420 N Scottsdale RdTempe, AZ 85281
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The Cameron
Rent Specials
$1,474 - $5,152
Total Monthly Price

Total Monthly Price

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$1,474 - $5,152
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Built in 2020Studio to 3 Bedroom Apartments Available Now

The Cameron

2062 E Cameron WayTempe, AZ 85281
Corporate Housing
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Trovita Rio
Rent Specials
$1,500 - $2,695
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Total Monthly Price

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$1,500 - $2,695
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Built in 2019Studio to 2 Bedroom Apartments Available Now

Trovita Rio

701 W Rio Salado PkyTempe, AZ 85281
Furnished
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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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Vero
Rent Specials
$1,563 - $2,536
Total Monthly Price

Total Monthly Price

Base Rent
$1,563 - $2,536
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Built in 2024Studio to 2 Bedroom Apartments Available Now

Vero

651 E 6th StTempe, AZ 85281
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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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Aces on Apache
Built in 2023Studio to 1 Bedroom Apartments

Aces on Apache

1620 E Apache BlvdTempe, AZ 85281
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Alexan Tempe
Built in 2023Studio to 3 Bedroom Apartments

Alexan Tempe

2160 E Baseline RdTempe, AZ 85282
Student Housing
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Culdesac Tempe
Built in 2023Studio to 3 Bedroom Apartments

Culdesac Tempe

2025 E Apache BlvdTempe, AZ 85281
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The Piedmont
Built in 2021Studio to 3 Bedroom Apartments

The Piedmont

707 E 6th StTempe, AZ 85281

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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Granada Lakes
Built in 20201 to 2 Bedroom Apartments

Granada Lakes

5701 S Rural RdTempe, AZ 85283
  • Utilities Included

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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Banyan on Washington
Built in 2023Studio to 3 Bedroom Apartments

Banyan on Washington

5353 E Washington StPhoenix, AZ 85034
  • Utilities Included
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Jefferson Chandler
Built in 2017Studio to 3 Bedroom Apartments

Jefferson Chandler

3950 W Chandler BlvdChandler, AZ 85226

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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MaCallister Scottsdale
Built in 20171 to 2 Bedroom Apartments

MaCallister Scottsdale

7979 E Wilshire DrScottsdale, AZ 85257
Showing Results 1-49, Page 1 of 1

Tempe, AZ Local Guide

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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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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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 $864.

What is the price of a cheap apartment in Tempe?

The cheapest apartment in Tempe is Manhatton which is listed at $750, while the average apartment in Tempe costs $2,290.

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 877 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 $865 which is $1,425 cheaper than the average rent for all rentals in Tempe.

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.

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

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.