Cheap 2 Bedroom Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ from $1,035 (97 Rentals)

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property at 700 W University Dr

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$875 - $1,100
Total Monthly Price
$875 - $1,100

2 Bedroom Condos for Rent

Available Now

700 W University Dr

TempeAZ85281

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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property at 729 W University Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

729 W University Dr

TempeAZ85281
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Eastridge Apartments
Rent Specials
$1,205 - $1,710
Total Monthly Price

Total Monthly Price

Base Rent
$957 - $1,710
Total Monthly Price
$957 - $1,710
2 Bedroom Apartments Available Now

Eastridge Apartments

1522 E Southern AveTempe, AZ 85282
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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West 5th
$1,299 - $1,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,234 - $1,334
Total Monthly Price
$1,234 - $1,334
2 Bedroom Apartments Available Now

West 5th

601 W 5th StTempe, AZ 85281
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 731 W University Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Jun 1

731 W University Dr

TempeAZ85281

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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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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Lyndon Lane
$1,495 - $1,530
Total Monthly Price

Total Monthly Price

Base Rent
$1,495 - $1,530
Total Monthly Price
$1,495 - $1,530
2 Bedroom Apartments Available Now

Lyndon Lane

1548 W University DrTempe, AZ 85281
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  • Customer Reviewed
  • 3D Tour
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Encore on Farmer
2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
  • 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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Downtown Tempe, Tempe, AZ Local Guide

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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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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Best Local Schools in
Downtown Tempe, Tempe, AZ

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Tempe Apartments

What is a cheap apartment in Downtown Tempe?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Tempe is under $995.

What is the price of a cheap apartment in Downtown Tempe?

The cheapest apartment in Downtown Tempe is Sago Gardens which is listed at $950, while the average apartment in Downtown Tempe costs $10,800.

What types of apartments are the cheapest in Downtown 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 280 regular apartments in Downtown 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 Downtown Tempe?

Cheap apartments in Downtown Tempe have an average cost of $1,106 which is $9,694 cheaper than the average rent for all rentals in Downtown 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.

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