
Cheap Homes for Rent in Optimist Park Neighborhood of Tempe, AZ from $1,500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Optimist Park area of Tempe.


1402 E Guadalupe Rd

1955 E Del Sur Dr

2301 E Southern Ave

2301 E Southern Ave

2301 E Southern Ave
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.

2156 E Yale Dr

1848 E Chilton Dr

1848 E Chilton Dr

2831 S Don Luis Cir

2044 S Don Carlos

1867 E Brentrup Dr
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.
Optimist Park, Tempe, AZ Local Guide

How much does it cost to rent a home in Optimist Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Optimist Park 2 Bedroom Homes for Rent | $2,022 | $1,595 | $2,450 |
| Optimist Park 3 Bedroom Homes for Rent | $2,954 | $1,945 | $6,495 |
| Optimist Park 4 Bedroom Homes for Rent | $2,935 | $2,335 | $4,800 |
| Optimist Park 5 Bedroom Homes for Rent | $3,175 | $3,175 | $3,175 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Optimist Park Neighborhood of Tempe, AZ.
Explore Tempe
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 $923. San Jose Manor has the second lowest priced unit, which is a Studio apartment currently listed from $939. Here are the most affordable Optimist Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $923 |
| San Jose Manor | 0BR/1.0BA | Studio,1BA | $939 |
| The Flats | E1 | Studio,1BA | $939 |
| District at Fiesta Park | A1 - 1 Bed | 1 Bath | 1BR,1BA | $942 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $950 |
Best Value Apartments for Rent in Optimist Park, AZ
As of January 13, 2026 the best value apartment in the Optimist Park area is the $1.67 price per square foot Sunrise - 2bed 2bath Model at Mercury on Mill in the in the South Phoenix neighborhood starting from $1,499. The second greatest value Optimist Park apartment is the 2 Bedrooms, 2 Bathrooms Model at Sycamore Square Apartments starting at $1,425 with a $1.66 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mercury on Mill | Sunrise - 2bed 2bath | 2BR,2BA | $1.67 |
| Sycamore Square Apartments | 2 Bedrooms, 2 Bathrooms | 2BR,2BA | $1.66 |
| Aventerra at Dobson Ranch Apartments | B1 | 2BR,1BA | $1.39 |
| Hohokam Villas | Papago | 1BR,1BA | $1.67 |
| Lakeview at the Bay | Malibu | 1BR,1BA | $1.57 |
| La Estancia Apartment Homes | 1x1 | 1BR,1BA | $1.66 |
| Sofia Apartments | The Bronte (2x1) | 2BR,1BA | $1.34 |
| The Rev Apartment Homes | A1 | 1BR,1BA | $1.67 |
| The Place at El Prado | A1 | 1BR,1BA | $1.70 |
| District at Fiesta Park | A1 - 1 Bed | 1 Bath | 1BR,1BA | $1.51 |
Frequently Asked Questions about Optimist Park
What type of rentals are currently available in Optimist Park?
There are currently 41 Apartments for Rent in Optimist Park, AZ with pricing that ranges from $919 to $4,095. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Optimist Park ranging from $1,595 to $6,495.
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 $6,495 with an average monthly rent of $2,771.
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

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).

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.

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.

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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!