Cheap Homes for Rent in Optimist Park Neighborhood of Tempe, AZ from $1,500 (7 Rentals)

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

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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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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 Sentry Tempe priced from $888. Waterstone has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Optimist Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeKonaStudio,1BA$888
WaterstoneStudio S1-380Studio,1BA$900
District at Fiesta ParkA1 - 1 Bed | 1 Bath1BR,1BA$942

Best Value Apartments for Rent in Optimist Park, AZ

As of April 15, 2026 the best value apartment in the Optimist Park area is the $1.54 price per square foot Zuni Model at Hohokam Villas in the in the South Phoenix neighborhood starting from $1,559. The second greatest value Optimist Park apartment is the Meridian Model at Talavera starting at $1,450 with a $1.59 price per square foot in the South Phoenix 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.
Hohokam VillasZuni1BR,1BA$1.54
TalaveraMeridian2BR,2BA$1.59
Aventerra at Dobson Ranch ApartmentsB12BR,1BA$1.47
Lakeview at the BayMalibu1BR,1BA$1.50
2146 West Isabella #254, Unit Isabella Ave Condo in Dobson Villas2146 West Isabella #2541BR,1BA$1.66
Del Coronado1 Bedroom 1 Bath - A11BR,1BA$1.61
Vista ValleyA11BR,1BA$1.66
District at Fiesta ParkA2 - 1 Bed | 1 Bath1BR,1BA$1.52
Garden Place1A1BR,1BA$1.66
San Jose Manor1BR/1.0BA1BR,1BA$1.73

Frequently Asked Questions about Optimist Park

What type of rentals are currently available in Optimist Park?

There are currently 40 Apartments for Rent in Optimist Park, AZ with pricing that ranges from $888 to $5,800. There are also 18 Single Family Homes for rent, Condos, and Townhome rentals currently available in Optimist Park ranging from $1,595 to $5,200.

What is the current price range for Rental Homes in Optimist Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Optimist Park ranges from $1,595 to $5,200 with an average monthly rent of $2,781.

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

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

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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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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

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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.