Cheap 1 Bedroom Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $900 (55 Rentals)

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property at 700 W University Dr

$950 - $1,100

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$950 - $1,100
Total Monthly Price
$950 - $1,100

1 Bedroom Condos for Rent

Available Now

700 W University Dr

TempeAZ85281
property at 528 W Howe St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

528 W Howe St

TempeAZ85281

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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

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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Highland Park
Rent Specials
$1,229 - $1,347
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$1,282 - $2,210
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1 Bedroom Apartments Available Now

Highland Park

5038 S Hardy DrTempe, AZ 85282
Corporate Housing
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Galleria Palms
Rent Specials
$1,296 - $1,494
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$1,358 - $2,114
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1 Bedroom Apartments Available Now

Galleria Palms

1600 W La Jolla DrTempe, AZ 85282
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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San Portella
Rent Specials
$1,314 - $4,079
Total Monthly Price

Total Monthly Price

Base Rent
$1,424 - $5,411
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1 Bedroom Apartments Available Now

San Portella

2155 S 55th StTempe, AZ 85282
Corporate Housing
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  • Customer Reviewed
  • 3D Tour

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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Broadway Park
1 Bedroom Apartments

Broadway Park

1120 W Broadway RdTempe, AZ 85282
  • Utilities Included
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San Palmilla
1 Bedroom Apartments

San Palmilla

750 W Baseline RdTempe, AZ 85282
Student Housing
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The Molino
1 Bedroom Apartments

The Molino

1651 W Baseline RdTempe, AZ 85283
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Broadway 121
1 Bedroom Apartments

Broadway 121

121 E Broadway RdTempe, AZ 85282
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Moda Tempe
1 Bedroom Apartments

Moda Tempe

534-540 E Huntington DrTempe, AZ 85282
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San Marquis
1 Bedroom Apartments

San Marquis

577-577 E BASELINE RdTempe, AZ 85283

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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Peterson Park, Tempe, AZ Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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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
Peterson Park, Tempe, AZ

Ranked #18

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Peterson Park, Tempe, AZ

School data provided by Great Schools

Frequently Asked Questions about Cheap Peterson Park Apartments

What is a cheap apartment in Peterson Park?

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

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

The cheapest apartment in Peterson Park is Parkside Apartments which is listed at $948, while the average apartment in Peterson Park costs $2,333.

What types of apartments are the cheapest in Peterson 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 169 regular apartments in Peterson 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 Peterson Park?

Cheap apartments in Peterson Park have an average cost of $1,095 which is $1,238 cheaper than the average rent for all rentals in Peterson Park.

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.

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