Cheap 2 Bedroom Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $1,099 (57 Rentals)

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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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property at 731 W University Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Jun 30

731 W University Dr

TempeAZ85281
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Avana Tempe
Rent Specials
$1,308 - $6,707
Total Monthly Price

Total Monthly Price

Base Rent
$958 - $6,707
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Avana Tempe

30 W Carter DrTempe, AZ 85282
Affordability
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  • Customer Reviewed
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Highland Park
Rent Specials
$1,384 - $1,478
Total Monthly Price

Total Monthly Price

Base Rent
$1,214 - $1,929
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Highland Park

5038 S Hardy DrTempe, AZ 85282
Corporate Housing
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Renting with Roommates: Realistic Expectations for Shared Lease

Sharing a lease? Learn how to set clear expectations with your roommates on routines, bills, and cleaning to ensure a successful and peaceful shared living arrangement.

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Galleria Palms
$1,531 - $1,787
Total Monthly Price

Total Monthly Price

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$1,186 - $2,464
Total Monthly Price
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2 Bedroom Apartments Available Now

Galleria Palms

1600 W La Jolla DrTempe, AZ 85282
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property at 1214 S Wilson St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1214 S Wilson St

TempeAZ85281
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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
  • Utilities Included

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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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
Student Housing
  • Utilities Included
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Lyndon Lane
2 Bedroom Apartments

Lyndon Lane

1548 W University DrTempe, AZ 85281

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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Tempe Villa
2 Bedroom Apartments

Tempe Villa

3425 S Priest DrTempe, AZ 85282
  • Utilities Included
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Broadway Park
2 Bedroom Apartments

Broadway Park

1120 W Broadway RdTempe, AZ 85282
  • Utilities Included
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Parque Villa
2 Bedroom Apartments

Parque Villa

36 E El Parque DrTempe, AZ 85282
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Broadway 121
2 Bedroom Apartments

Broadway 121

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

Moda Tempe

534-540 E Huntington DrTempe, AZ 85282
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San Palmilla
2 Bedroom Apartments

San Palmilla

750 W Baseline RdTempe, AZ 85282
Student Housing

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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Showing Results 1-50, Page 1 of 2

Peterson Park, Tempe, AZ Local Guide

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 #17

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 $1,033.

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

The cheapest apartment in Peterson Park is Sofia Apartments which is listed at $1,099, while the average apartment in Peterson Park costs $3,800.

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 83 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 $856 which is $2,944 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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