Cheap Homes for Rent in Tempe, AZ from $600 (148 Rentals)

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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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property at 6505 E Osborn Rd

6505 E Osborn Rd

ScottsdaleAZ85251

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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property at 5900 E Thomas Rd

5900 E Thomas Rd

ScottsdaleAZ85251

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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property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044
property at 5312 E Taylor St

5312 E Taylor St

PhoenixAZ85008

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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property at 3313 N 68th St

3313 N 68th St

ScottsdaleAZ85251
property at 5900 E Thomas Rd

5900 E Thomas Rd

ScottsdaleAZ85251
property at 13625 S 48th St

13625 S 48th St

PhoenixAZ85044
property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044
property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044

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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property at 4912 E Holly St

4912 E Holly St

PhoenixAZ85008
Showing Results 1-50, Page 1 of 3

Tempe, AZ Local Guide

Cheapest Neighborhoods for Apartments in Tempe, AZ

Pricing Updated: 09/20/2025

Current apartment rentals in the Tempe, AZ area range in price from $350 to $23,982 with an overall median price of $4,025. The three Tempe neighborhoods with the lowest median rent pricing are Tally Ho Farms Raintree at $1,181, The Lakes at $1,017, and Alameda at $725. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Tally Ho Farms Raintree$2,058$1,181118
The Lakes$2,060$1,017334
Alameda$2,249$7251461
Apache$2,455$725739
South Tempe$2,537$932543
West Chandler$7,500$1,181356
Guadalupe$9,318$350583

Cheapest Available Tempe Apartments for Rent

 

The cheapest available apartment rental in Tempe, AZ is a Studio unit found at Valencia Park in the South Phoenix neighborhood priced from $760. Villetta Apartment Homes in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $828. Here is today’s list of the most affordable Tempe apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valencia ParkSonomaStudio,1BA$760
Villetta Apartment HomesA21BR,1BA$828
MargoStudioStudio,1BA$829
Studio 710 ApartmentsSmall StudioStudio,1BA$849
Papago Crossing1x11BR,1BA$849
Terra VidaSAStudio,1BA$880
Axio Apartments1x11BR,1BA$900
Sentry TempeKonaStudio,1BA$915
Boulder Creek ApartmentsS11BR,1BA$916

Best Value Apartments for Rent in Tempe, AZ

As of September 20, 2025 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 1320 S Ash Ave Model at 1320 S Ash Ave, Unit Main House starting at $1,750 with a $1.17 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
1320 S Ash Ave, Unit Main House1320 S Ash Ave2BR,1.5BA$1.17
Nine20 TempeD1 PHPV4BR,4BA$0.75
Villas at PapagoTwo Bedroom2BR,1BA$1.17
Avenue 8B12BR,2BA$1.13
AgaveAcacia2BR,1BA$1.21
Papago Crossing2x2 Reno2BR,2BA$1.22
Station 212 Bedroom 2 Bath2BR,2BA$1.25
University ParkTwo Bedroom Two Bathroom Ensuite2BR,2BA$1.25
524 W Howe St, Unit 524524 W Howe St1BR,1BA$1.17

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Tempe, AZ

Ranked #2

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 Tempe

What type of rentals are currently available in Tempe?

There are currently 1181 Apartments for Rent in Tempe, AZ with pricing that ranges from $350 to $23,982. There are also 898 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tempe ranging from $615 to $14,995.

What is the current price range for Rental Homes in Tempe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Tempe ranges from $615 to $14,995 with an average monthly rent of $2,339.

How much are larger Three and Four Bedroom Rentals in Tempe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Tempe range from $775 to $23,982, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $14,995. Four Bedroom Single-Family rentals are also available starting from $615 and Four Bedroom Apartments start at $725.

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.

decorative image for A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.