820 W 9th St
TempeAZ85281
Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $700 (100 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterson Park area of Tempe.
1 W Baseline Rd
TempeAZ85283
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Rent Specials
$799 - $1,450Studio to 2 Bedroom Apartments Available Now
Solaris On University
1314 W University DrTempe, AZ 85281
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$899 - $1,239Studio to 1 Bedroom Apartments Contact Us For Availability
Grandes Cortes
1150 W University DrTempe, AZ 85281
1409 S Mill Ave
TempeAZ85281
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$929Studio Apartments Available Now
Margo
1305 W University DrTempe, AZ 85281
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$861 - $3,133Studio to 2 Bedroom Apartments Available Now
Sentry Tempe
3730 S Mill AveTempe, AZ 85282
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Rent Specials
$949 - $1,299Studio to 1 Bedroom Apartments Available Now
The Mod at Mills
5300 S Priest DrTempe, AZ 85283
700 W University Dr
TempeAZ85281
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$952 - $3,140Studio to 2 Bedroom Apartments Available Now
Sono Tempe
4130 S Mill AveTempe, 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
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$999 - $1,5291 to 2 Bedroom Apartments Available Now
Mercury on Mill
5101 S Mill AveTempe, AZ 85282
1368 W 14th St, Unit Room 3 Full Private Bath
1368 W 14th St
TempeAZ85281
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$1,050
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1 Bedroom Apartment Available Sep 1Total Monthly Price
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$1,050
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$1,050
524 W Howe St, Unit 524
524 W Howe StTempe, AZ 85281
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$1,059 - $1,220Studio Apartments Available Now
Studio 710 Apartments
710 S Hardy DrTempe, AZ 85281
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$1,023 - $6,931
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,023 - $6,931
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Avana Tempe
30 W Carter DrTempe, AZ 85282
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$1,070 - $2,4551 to 3 Bedroom Apartments Available Now
505 West
505 W Baseline RdTempe, AZ 85283
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Rent Specials
$1,075 - $1,3991 to 2 Bedroom Apartments Available Now
The Halston Apartments
1330 W Broadway RdTempe, AZ 85282
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Rent Specials
$1,099 - $1,5991 to 2 Bedroom Apartments Available Jul 24
Sofia Apartments
208 E Baseline RdTempe, AZ 85283
313 E Riviera Dr
TempeAZ85282
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Rent Specials
$1,125 - $1,425Studio to 2 Bedroom Apartments Available Now
Omnia Baseline
1145 W Baseline RdTempe, AZ 85283
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.
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Rent Specials
$1,130 - $1,5001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
1200 S Farmer Ave
TempeAZ85281
407 W Howe St
TempeAZ85281
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Rent Specials
$1,223 - $1,670Studio to 2 Bedroom Apartments Available Now
Mission Springs
1311 W Baseline RdTempe, AZ 85283
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Rent Specials
$1,225 - $2,4501 to 3 Bedroom Apartments Available Now
The Avi
1235 W Baseline RdTempe, AZ 85283
2240 W Carson Dr
TempeAZ85282
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$1,260 - $2,196
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,260 - $2,196
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Highland Park
5038 S Hardy DrTempe, AZ 85282
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$1,269 - $2,1001 to 3 Bedroom Apartments Available Now
Villagio Furnished
1133 W Baseline RdTempe, AZ 85283
113 W Broadway Rd
TempeAZ85282
731 W University Dr
TempeAZ85281
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
1134 S Roosevelt St
TempeAZ85281
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$1,325 - $1,4001 to 2 Bedroom Apartments Available Now
Decco 109 | Tempe Apartments
109 E Broadway RdTempe, AZ 85282
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$1,325 - $1,5951 to 2 Bedroom Apartments Available Now
Ponderosa Ranch Apartments
4839 S Darrow DrTempe, AZ 85282
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$1,321 - $2,246
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,321 - $2,246
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Galleria Palms
1600 W La Jolla DrTempe, AZ 85282
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$1,350
Total Monthly Price
2 Bedroom Apartment Available Aug 15Total Monthly Price
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$1,350
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$1,350
2123 S Hu Esta Dr, Unit East
2123 S Hu Esta DrTempe, AZ 85282
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$1,350 - $1,4952 Bedroom Apartments Available Now
525-539 W Pebble Beach
525-539 W Pebble BeachTempe, AZ 85282
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$1,364 - $1,7991 to 2 Bedroom Apartments Available Now
Ovation at Tempe
4505-4505 S Hardy DrTempe, AZ 85282
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Rent Specials
$1,399 - $1,6491 to 2 Bedroom Apartments Available Aug 7
Aria on Mill
2430 S Mill AveTempe, AZ 85282
510 W University Dr
TempeAZ85281
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Rent Specials
$1,499 - $3,080Studio to 2 Bedroom Apartments Available Now
Hudson on Farmer
707 S Farmer AveTempe, AZ 85281
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
313 E Riviera Dr
TempeAZ85282
34 W Concorda Dr, Unit 103
34 W Concorda Dr
TempeAZ85282
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$1,568 - $2,088Studio to 3 Bedroom Apartments Available Now
MAA Fountainhead
2520 S Plaza DrTempe, AZ 85282
1200 W University Dr
TempeAZ85281
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$1,649Studio Apartments Available Now
Furnished Studio-Phoenix - Airport - Tempe
2165 W 15th StTempe, AZ 85281
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$1,662 - $6,553
Total Monthly Price
1 to 3 Bedroom Apartments Available Aug 29Total Monthly Price
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$1,662 - $6,553
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San Portella
2155 S 55th StTempe, AZ 85282
633 W Southern Ave, Unit 1179
633 W Southern Ave
TempeAZ85282
1905 E University Dr, Unit Papago Park Village 2
1905 E University Dr
TempeAZ85288
505 W Howe St
TempeAZ85281
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Studio Apartments
1010 W University Dr
1010 W University DrTempe, AZ 85281
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.
Showing Results 1-50, Page 1 of 2
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 | $1,639 | $799 | $4,109 |
| Peterson Park 1 Bedroom Apartments | $1,941 | $929 | $10,000+ |
| Peterson Park 2 Bedroom Apartments | $2,076 | $1,021 | $10,000+ |
| Peterson Park 3 Bedroom Apartments | $3,147 | $1,236 | $10,000+ |
| Peterson Park 4 Bedroom Apartments | $1,683 | $1,005 | $3,000 |
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 100 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
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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 Sentry Tempe priced from $861. Solaris On University has the second lowest priced unit, which is a 1 Bed apartment currently listed from $929. Here are the most affordable Peterson Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $861 |
| Solaris On University | P1 -1 x 1 | 1BR,1BA | $929 |
| Margo | Studio | Studio,1BA | $929 |
| The Mod at Mills | S1 | Studio,1BA | $949 |
| The Molino Apartments | Studio 325sqft | Studio,1BA | $949 |
| Sono Tempe | Harris | 1BR,1BA | $990 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,059 |
| Avana Tempe | Studio - Sophisticated | Studio,1BA | $1,065 |
| The Halston Apartments | A1 | 1BR,1BA | $1,075 |
| Parkside Apartments | A1 | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Peterson Park, AZ
As of July 23, 2026 the best value apartment in the Peterson Park area is the $1.42 price per square foot 3 Beds, 3.5 Baths Model at 430 W 7th St in the in the Downtown Tempe neighborhood starting from $3,134. The second greatest value Peterson Park apartment is the 3x2 Model at Colonia Apartment Homes - Roger starting at $2,300 with a $1.60 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. |
|---|---|---|---|
| 430 W 7th St | 3 Beds, 3.5 Baths | 3BR,3.5BA | $1.42 |
| Colonia Apartment Homes - Roger | 3x2 | 3BR,2BA | $1.60 |
| Mistwood Condominium | 2 Beds, 2 Baths | 2BR,2BA | $1.41 |
| Avana Cordoba | C1RG - Sophisticated | 3BR,2BA | $1.38 |
| Ovation at Tempe | TOWNHOUSE | 2BR,2.5BA | $1.54 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| 505 West | Saguaro | 2BR,1BA | $1.49 |
| Highland Park | 2x1 Reno | 2BR,1BA | $1.53 |
| Mercury on Mill | Reef - 2bed 1bath | 2BR,1BA | $1.40 |
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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Pet Friendly LifestylePeterson Park, Tempe, AZ
Ranked #19
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
What is the Cheapest Studio apartment in Peterson Park?
Currently the most affordable Cheap Studio Apartment in Peterson Park is at Margo listed at $929.
How much is rent for a Cheap One Bedroom Peterson Park Apartment?
The lowest price for a Cheap One Bedroom Peterson Park Apartment is $929 at Solaris On University.
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 $1,021 at Sono Tempe.
What is the most affordable Peterson Park Three Bedroom Apartment?
The best deal on a cheap Peterson Park Three Bedroom Apartment rental is at Avana Cordoba and starts from $1,472.
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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