Cheap New Apartments for Rent in Tempe, AZ from $300 (39 Rentals)

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Vela at Tempe Town Lake
Rent Specials
$1,288 - $4,133
Total Monthly Price

Total Monthly Price

Base Rent
$1,279 - $4,124
Required Monthly Fees
Varies

Total Monthly Price
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Built in 2016Studio to 2 Bedroom Apartments Available Now

Vela at Tempe Town Lake

555 N College AveTempe, AZ 85281
Student Housing
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SALT
Rent Specials
$1,299 - $5,174
Total Monthly Price

Total Monthly Price

Base Rent
$1,296 - $5,171
Required Monthly Fees
$3

Total Monthly Price
$1,299 - $5,174
Built in 2018Studio to 3 Bedroom Apartments Available Now

SALT

260 E Rio Salado PkyTempe, AZ 85281
Student Housing
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  • Customer Reviewed
  • 3D Tour
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Metro 101
Rent Specials
$1,320 - $3,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,236 - $3,466
Required Monthly Fees
$84

Total Monthly Price
$1,320 - $3,550
Built in 2020Studio to 2 Bedroom Apartments Available Now

Metro 101

2157 E Apache BlvdTempe, AZ 85281
Student Housing
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  • Customer Reviewed
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Nexa
Rent Specials
$1,349 - $2,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,299 - $2,899
Required Monthly Fees
Varies

Total Monthly Price
Varies
Built in 2017Studio to 3 Bedroom Apartments Available Now

Nexa

1205-1221 E Apache BlvdTempe, AZ 85281
Student Housing
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Nollie
Rent Specials
$1,350 - $2,146
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $1,971
Required Monthly Fees
$175

Total Monthly Price
$1,350 - $2,146
Built in 2024Studio to 2 Bedroom Apartments Available Now

Nollie

2125 E Apache BlvdTempe, AZ 85281
Eco-Friendly
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The Cameron
Rent Specials
$1,382 - $5,652
Total Monthly Price

Total Monthly Price

Base Rent
$1,323 - $5,593
Required Monthly Fees
Varies

Total Monthly Price
Varies
Built in 2020Studio to 3 Bedroom Apartments Available Now

The Cameron

2062 E Cameron WayTempe, AZ 85281
Corporate Housing
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Volta on Broadway
Rent Specials
$1,387 - $6,025
Total Monthly Price

Total Monthly Price

Base Rent
$1,342 - $5,980
Required Monthly Fees
$45

Total Monthly Price
$1,387 - $6,025
Built in 2016Studio to 3 Bedroom Apartments Available Now

Volta on Broadway

1221 E Broadway RdTempe, AZ 85282
Affordability
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  • Customer Reviewed
  • 3D Tour

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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The Retreat at Rio Salado
$1,393 - $5,344
Total Monthly Price

Total Monthly Price

Base Rent
$1,367 - $5,318
Required Monthly Fees
$26

Total Monthly Price
$1,393 - $5,344
Built in 2020Studio to 2 Bedroom Apartments Available Now

The Retreat at Rio Salado

2325 E Rio Salado PkyTempe, AZ 85288
Student Housing
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Aura Apache
Rent Specials
$1,409 - $2,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,246 - $2,312
Required Monthly Fees
Varies

Total Monthly Price
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Built in 2024Studio to 2 Bedroom Apartments Available Now

Aura Apache

1820 E Apache BlvdTempe, AZ 85281
Eco-Friendly
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Trovita Rio
Rent Specials
$1,475 - $2,440
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $2,390
Required Monthly Fees
Varies

Total Monthly Price
Varies
Built in 2019Studio to 2 Bedroom Apartments Available Now

Trovita Rio

701 W Rio Salado PkyTempe, AZ 85281
Pet Friendly
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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

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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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

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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The Met at Fashion Center
Rent Specials
$1,404 - $2,116
Total Monthly Price

Total Monthly Price

Base Rent
$1,344 - $2,056
Required Monthly Fees
Varies

Total Monthly Price
Varies
Built in 20161 to 2 Bedroom Apartments Available Now

The Met at Fashion Center

1 N Hearthstone WayChandler, AZ 85226
Furnished
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Banyan on Washington
Built in 20231 to 3 Bedroom Apartments

Banyan on Washington

5353 E Washington StPhoenix, AZ 85034
  • Utilities Included

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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Jefferson Chandler
Built in 2017Studio to 3 Bedroom Apartments

Jefferson Chandler

3950 W Chandler BlvdChandler, AZ 85226
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Carter
Built in 2017Studio to 2 Bedroom Apartments

Carter

3300 N Scottsdale RdScottsdale, AZ 85251
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MaCallister Scottsdale
Built in 20171 to 2 Bedroom Apartments

MaCallister Scottsdale

7979 E Wilshire DrScottsdale, AZ 85257

Tempe, AZ Local Guide

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

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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 $901.

What is the price of a cheap apartment in Tempe?

The cheapest apartment in Tempe is Terrasol which is listed at $813, while the average apartment in Tempe costs $4,295.

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 744 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 $468 which is $3,827 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

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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.