Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $700 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Peterson Park area of Tempe.

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Broadway Park
1 to 2 Bedroom Apartments

Broadway Park

1120 W Broadway RdTempe, AZ 85282
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Venture on Wilson
1 to 2 Bedroom Apartments

Venture on Wilson

626 S Wilson StTempe, AZ 85281
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The Vintage on College
1 to 2 Bedroom Apartments

The Vintage on College

1700 S College AveTempe, AZ 85281
  • Utilities Included

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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
Student Housing
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Ovation at Tempe
1 to 2 Bedroom Apartments

Ovation at Tempe

4505-4505 S Hardy DrTempe, AZ 85282

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Showing Results 1-42, Page 1 of 1

Cheapest Available Peterson Park Apartments for Rent

 

The cheapest available apartment rental in the Peterson Park area of Phoenix, AZ is a Studio unit found at The Mod at Mills priced from $898. Sentry Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $923. Here are the most affordable Peterson Park apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Mod at MillsS1Studio,1BA$898
Sentry TempeKonaStudio,1BA$923
MargoStudioStudio,1BA$929
Grandes CortesStudioStudio,1BA$950
Avana TempeStudio - SophisticatedStudio,1BA$1,039
Sono TempeOlsenStudio,1BA$1,043
The Molino Apartments1x1 675sqft1BR,1BA$1,049
The Vintage on College1x1 Remodeled W/D1BR,1BA$1,050
The Avi1x11BR,1BA$1,075
Mission SpringsSaguaro - Junior One BedroomStudio,1BA$1,084

Best Value Apartments for Rent in Peterson Park, AZ

As of January 23, 2026 the best value apartment in the Peterson Park 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 Peterson Park apartment is the 3A Model at San Portella starting at $2,174 with a $1.66 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Peterson Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Colonia Apartment Homes - Roger3x2.50 - 2341 Garden3BR,2.5BA$1.52
San Portella3A3BR,2BA$1.66
505 WestColorado3BR,2BA$1.43
San Marquis2X2-11452BR,2BA$1.53
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
Lyndon LaneTwo Bed One Bath2BR,1BA$1.66
Mercury on MillSunrise - 2bed 2bath2BR,2BA$1.55
2123 S Hu Esta Dr, Unit East2123 S Hu Esta Dr2BR,1BA$1.53
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.34
Solaris On UniversityU1 - 1 x 11BR,1BA$1.52

Frequently Asked Questions about Cheap Peterson Park Apartments

What is the Cheapest Studio apartment in Peterson Park?

Currently the most affordable Cheap Studio Apartment in Peterson Park is at The Mod at Mills listed at $898.

How much is rent for a Cheap One Bedroom Peterson Park Apartment?

The lowest price for a Cheap One Bedroom Peterson Park Apartment is $1,049 at The Molino 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 $1,099 at Sofia Apartments.

What is the most affordable Peterson Park Three Bedroom Apartment?

The best deal on a cheap Peterson Park Three Bedroom Apartment rental is at Union Tempe and starts from $1,200.

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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