712 W Manhatton Dr
TempeAZ85282
Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $950 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterson Park area of Tempe.
close
View Me
Rent Specials
$1,199 - $1,4502 Bedroom Apartments Available Now
The Halston Apartments
1330 W Broadway RdTempe, AZ 85282
close
View Me
Rent Specials
$1,199 - $1,7391 to 2 Bedroom Apartments Available Now
Ovation at Tempe
4505-4505 S Hardy DrTempe, AZ 85282
close
View Me
Rent Specials
$1,325 - $1,5951 to 2 Bedroom Apartments Available Now
Ponderosa Ranch Apartments
4839 S Darrow DrTempe, AZ 85282
close
View Me
$1,350 - $1,4952 Bedroom Apartments Available Now
525-539 W Pebble Beach
525-539 W Pebble BeachTempe, AZ 85282
close
View Me
$1,358 - $2,437
Total Monthly Price
Base Rent$1,358 - $2,437
Total Monthly PriceVaries
Galleria Palms
1600 W La Jolla DrTempe, AZ 85282
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
close
View Me
$1,433 - $1,978Studio to 3 Bedroom Apartments Available Now
MAA Fountainhead
2520 S Plaza DrTempe, AZ 85282
close
View Me
Studio to 2 Bedroom Apartments
The Place of Tempe
607-627 W 19th StTempe, AZ 85281
close
View Me
Studio to 2 Bedroom Apartments
Parkside Apartments
1801 S Cutler DrTempe, AZ 85281
close
View Me
1 to 2 Bedroom Apartments
Broadway Park
1120 W Broadway RdTempe, AZ 85282
close
View Me
2 to 4 Bedroom Apartments
Tempe Villa
3425 S Priest DrTempe, AZ 85282
4712 E Broadway Rd
PhoenixAZ85040
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
Showing Results 1-12, Page 1 of 1
Peterson Park, Tempe, AZ Local Guide
How much does it cost to rent an apartment in Peterson Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson Park Studio Apartments | $1,468 | $1,433 | $1,483 |
| Peterson Park 1 Bedroom Apartments | $1,681 | $1,199 | $3,909 |
| Peterson Park 2 Bedroom Apartments | $1,736 | $1,199 | $4,122 |
| Peterson Park 3 Bedroom Apartments | $2,740 | $2,095 | $5,216 |
| Peterson Park 4 Bedroom Apartments | $2,395 | $2,395 | $2,395 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Peterson Park Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Peterson Park, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Peterson Park Apartments for Rent
The cheapest available apartment rental in the Peterson Park area of Phoenix, AZ is a 1 Bed unit found at Parkside Apartments priced from $993. The Halston Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,199. Here are the most affordable Peterson Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Parkside Apartments | A1 | 1BR,1BA | $993 |
| The Halston Apartments | B1 | 2BR,1BA | $1,199 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1,199 |
| Ponderosa Ranch Apartments | 1x1 | 1BR,1BA | $1,325 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Peterson Park, AZ
As of September 06, 2026 the best value apartment in the Peterson Park area is the $1.60 price per square foot 3x2 Model at Colonia Apartment Homes - Roger in the in the South Phoenix neighborhood starting from $2,300. The second greatest value Peterson Park apartment is the 2 Beds, 2 Baths Model at Mistwood Condominium starting at $1,695 with a $1.41 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Peterson Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Colonia Apartment Homes - Roger | 3x2 | 3BR,2BA | $1.60 |
| Mistwood Condominium | 2 Beds, 2 Baths | 2BR,2BA | $1.41 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Galleria Palms | Kalpalua Reno | 2BR,2BA | $1.67 |
| The Halston Apartments | B2 | 2BR,1.5BA | $1.53 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1.71 |
| MAA Fountainhead | The Dali | Studio ,1BA | $2.24 |
| Ponderosa Ranch Apartments | 1x1 | 1BR,1BA | $2.12 |
| Parkside Apartments | A1 | 1BR,1BA | $1.63 |
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.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read Article
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.
Let everyone know!
Do you know the Peterson Park area?
If you’re an expert on all things Peterson Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestylePeterson Park, Tempe, AZ
Ranked #16
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Peterson Park, Tempe, AZ
School data provided by Great Schools
Frequently Asked Questions about Cheap Peterson Park Apartments
How much is rent for a Cheap One Bedroom Peterson Park Apartment?
The lowest price for a Cheap One Bedroom Peterson Park Apartment is $993 at Parkside Apartments.
What is the lowest price for a Cheap Two Bedroom Peterson Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peterson Park is starting from $1,199 at The Halston Apartments.
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
From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.
Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.
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.
A Phoenix Expert's 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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.