
Cheap Apartments for Rent in the Pepperwood Neighborhood of Tempe, AZ from $800 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Pepperwood area of Tempe.


The Mod at Mills

Avana Tempe

Lakeview at the Bay

The Avi

1311 W Baseline Rd

Sono Tempe

505 West

Sofia Apartments
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Mercury on Mill

Nines at Lakeside

Strada

Mission Springs

200 E Southern Ave

Highland Park

The Rev Apartment Homes

Ponderosa Ranch Apartments

Omnia Baseline
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Allure at Tempe Apartments

Finisterra On Grove

The Molino Apartments

1311 W Baseline Rd

College Park- No AVAILABILITY!!

Lantana Village Apartments

Ovation at Tempe

The Quinn Apartments

Avana Cordoba
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The Pointe at South Mountain

Carlyle at South Mountain

Palms at South Mountain

Serafina at South Mountain

5151 E Guadalupe Rd

9605 S 48th St

9605 S 48th St

9605 S 48th St

5151 E Guadalupe Rd
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Pacific Bay Club

9605 S 48th St
Pepperwood, Tempe, AZ Local Guide

How much does it cost to rent an apartment in Pepperwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pepperwood Studio Apartments | $1,256 | $822 | $2,625 |
| Pepperwood 1 Bedroom Apartments | $1,445 | $1,000 | $7,859 |
| Pepperwood 2 Bedroom Apartments | $1,641 | $973 | $9,765 |
| Pepperwood 3 Bedroom Apartments | $2,022 | $1,541 | $4,437 |
| Pepperwood 4 Bedroom Apartments | $2,183 | $1,995 | $2,371 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Pepperwood Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Cheapest Available Pepperwood Apartments for Rent
 The cheapest available apartment rental in the Pepperwood area of Phoenix, AZ is a Studio unit found at Sentry Tempe priced from $822. The Mod at Mills has the second lowest priced unit, which is a Studio apartment currently listed from $898. Here are the most affordable Pepperwood apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $822 |
| The Mod at Mills | S1 | Studio,1BA | $898 |
| Avana Tempe | Studio - Classic | Studio,1BA | $942 |
| The Molino Apartments | Studio 325sqft | Studio,1BA | $949 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $950 |
| The Avi | 1x1 | 1BR,1BA | $1,025 |
| The Quinn Apartments | Studio | Studio,1BA | $1,050 |
| Sono Tempe | Campbell | 1BR,1BA | $1,073 |
| 505 West | Rillito | 1BR,1BA | $1,080 |
| Mercury on Mill | Reef - 2bed 1bath | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Pepperwood, AZ
As of January 29, 2026 the best value apartment in the Pepperwood area is the $1.52 price per square foot 3x2.50 - 2341 Garden Model at Colonia Apartment Homes - Roger in the in the South Phoenix neighborhood starting from $2,199. The second greatest value Pepperwood apartment is the 3 Bed 2 Bath B Model at Townhomes at Kyrene starting at $2,174 with a $1.66 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Pepperwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Colonia Apartment Homes - Roger | 3x2.50 - 2341 Garden | 3BR,2.5BA | $1.52 |
| Townhomes at Kyrene | 3 Bed 2 Bath B | 3BR,2BA | $1.66 |
| San Marquis | 2X2-1182 | 2BR,2BA | $1.57 |
| Serafina at South Mountain | C1 | 2BR,2BA | $1.58 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Allure at Tempe Apartments | Agave | 2BR,2BA | $1.31 |
| The Avi | 2x1 | 2BR,1BA | $1.43 |
| Lakeview at the Bay | Malibu | 1BR,1BA | $1.50 |
| Carlyle at South Mountain | A1 | 1BR,1BA | $1.53 |
| 505 West | Rillito | 1BR,1BA | $1.50 |
Frequently Asked Questions about Cheap Pepperwood Apartments
What is a cheap apartment in Pepperwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Pepperwood is under $1,125.
What is the price of a cheap apartment in Pepperwood?
The cheapest apartment in Pepperwood is Lakeview at the Bay which is listed at $950, while the average apartment in Pepperwood costs $2,183.
What types of apartments are the cheapest in Pepperwood?
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 80 regular apartments in Pepperwood 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 Pepperwood?
Cheap apartments in Pepperwood have an average cost of $242 which is $1,941 cheaper than the average rent for all rentals in Pepperwood.
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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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.

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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.