Cheap Apartments for Rent in the Optimist Park Neighborhood of Tempe, AZ from $800 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Optimist Park area of Tempe.

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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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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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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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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Showing Results 1-32, Page 1 of 1

Optimist Park, Tempe, AZ Local Guide

Cheapest Available Optimist Park Apartments for Rent

 

The cheapest available apartment rental in the Optimist Park area of Phoenix, AZ is a Studio unit found at Sono Tempe priced from $835. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $902. Here are the most affordable Optimist Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Sono TempeOlsenStudio,1BA$835
Avana TempeStudio - ClassicStudio,1BA$902
Sentry TempeKonaStudio,1BA$938
San Jose Manor0BR/1.0BAStudio,1BA$939
District at Fiesta ParkA1 - 1 Bed | 1 Bath1BR,1BA$947
The Place at El PradoA11BR,1BA$984
Waterstone1 Bedroom 1 Bath A1-5501BR,1BA$988
Emerald ApartmentsStudioStudio,1BA$995
Sorrento ApartmentsOne-Bedroom, One-Bathroom (A)1BR,1BA$995
The FlatsE11BR,1BA$999

Best Value Apartments for Rent in Optimist Park, AZ

As of November 28, 2025 the best value apartment in the Optimist Park area is the $1.59 price per square foot C2 Model at The Place at El Prado in the in the South Phoenix neighborhood starting from $2,301. The second greatest value Optimist Park apartment is the C1 Model at The Enclave Apartment Homes starting at $1,782 with a $1.49 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Optimist Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Place at El PradoC23BR,2BA$1.59
The Enclave Apartment HomesC13BR,2BA$1.49
Lakeview at the BayMonterey2BR,2BA$1.42
Landing at Fiesta Village2x2-10482BR,2BA$1.62
Tempe Park PlaceOasis w/ Balcony2BR,2BA$1.32
VillettaB3 Signature2BR,2BA$1.49
Aventerra at Dobson Ranch ApartmentsB12BR,1BA$1.49
Sycamore Square Apartments2 Bedrooms, 2 Bathrooms2BR,2BA$1.63
Del Coronado1 Bedroom 1 Bath - A11BR,1BA$1.41
District at Fiesta ParkA1 - 1 Bed | 1 Bath1BR,1BA$1.52

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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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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Pet Friendly Lifestyle
Optimist Park, Tempe, AZ

Ranked #26

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Optimist Park Apartments

What is a cheap apartment in Optimist Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Optimist Park is under $999.

What is the price of a cheap apartment in Optimist Park?

The cheapest apartment in Optimist Park is District at Fiesta Park which is listed at $947, while the average apartment in Optimist Park costs $2,272.

What types of apartments are the cheapest in Optimist Park?

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 14 regular apartments in Optimist Park 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 Optimist Park?

Cheap apartments in Optimist Park have an average cost of $288 which is $1,984 cheaper than the average rent for all rentals in Optimist Park.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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! 

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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.