419 W 13th St
TempeAZ85281
Cheap Apartments for Rent in the Peterson Park Neighborhood of Tempe, AZ from $600 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peterson Park area of Tempe.
820 W 9th St
TempeAZ85281
1311 W Elna Rae St
TempeAZ85281
1311 W Elna Rae St
TempeAZ85281
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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Rent Specials
from $898Studio to 1 Bedroom Apartments Available Now
The Mod at Mills
5300 S Priest DrTempe, AZ 85283
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from $9001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
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from $949Studio to 2 Bedroom Apartments Available Now
Sentry Tempe
3730 S Mill AveTempe, AZ 85282
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from $9711 to 3 Bedroom Apartments Available Now
Tides at Park View
1235 W Baseline RdTempe, AZ 85283
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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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from $1,005Studio to 2 Bedroom Apartments Available Now
Sono Tempe
4130 S Mill AveTempe, AZ 85282
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from $1,0191 to 2 Bedroom Apartments Available Now
Solaris On University
1314 W University DrTempe, AZ 85281
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from $1,045Studio to 2 Bedroom Apartments Available Now
Omnia Baseline
1145 W Baseline RdTempe, AZ 85283
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from $1,1051 to 2 Bedroom Apartments Available Now
Mercury on Mill
5101 S Mill AveTempe, AZ 85282
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from $1,109Studio to 1 Bedroom Apartments Available Now
Grandes Cortes
1150 W University DrTempe, AZ 85281
1311 W Baseline Rd
TempeAZ85283
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from $1,188Studio to 2 Bedroom Apartments Available Now
Mission Springs
1311 W Baseline RdTempe, AZ 85283
700 W University Dr
TempeAZ85281
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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.
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Showing Results 1-28, 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 | $1,541 | $675 | $3,105 |
| Peterson Park 1 Bedroom Apartments | $1,539 | $850 | $7,589 |
| Peterson Park 2 Bedroom Apartments | $1,929 | $1,100 | $10,000+ |
| Peterson Park 3 Bedroom Apartments | $2,572 | $1,004 | $10,000+ |
| Peterson Park 4 Bedroom Apartments | $2,324 | $899 | $5,520 |
Browse Apartments in this Neighborhood
There are currently 28 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 1 Bed unit found at Axio Apartments priced from $900. Sentry Tempe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable Peterson Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Axio Apartments | 1x1 | 1BR,1BA | $900 |
| Sentry Tempe | Reef | 1BR,1BA | $949 |
| The Molino Apartments | 1x1 600sqft | 1BR,1BA | $949 |
| Tides at Park View | A1 | 1BR,1BA | $971 |
| Lyndon Lane | One Bed One Bath | 1BR,1BA | $975 |
| Avana Tempe | Studio - Sophisticated | Studio,1BA | $993 |
| Sono Tempe | Olsen | Studio,1BA | $1,005 |
| Solaris On University | P1 -1 x 1 | 1BR,1BA | $1,029 |
| Studio 710 Apartments | Small Studio- Upgraded | Studio,1BA | $1,040 |
| Omnia Baseline | A1P | 1BR,1BA | $1,045 |
Best Value Apartments for Rent in Peterson Park, AZ
As of June 21, 2025 the best value apartment in the Peterson Park area is the $1.42 price per square foot 2 Beds, 1 bath Model at 525-539 W Pebble Beach in the in the South Phoenix neighborhood starting from $1,350. The second greatest value Peterson Park apartment is the 2 Bed - 1 Bath Model at Corsican starting at $1,325 with a $1.45 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.45 |
| Tides at Park View | B1 | 2BR,1BA | $1.54 |
| The Pointe at South Mountain | 1 Bedroom 1 Bathroom D | 1BR,1BA | $1.74 |
| 505 West | Rillito | 1BR,1BA | $1.70 |
| Sofia Apartments | The Athena (1x1) | 1BR,1BA | $1.79 |
| Omnia Baseline | A1P | 1BR,1BA | $1.49 |
| Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $1.74 |
| The Mod at Mills | A1 | 1BR,1BA | $1.77 |
| Axio Apartments | 1x1 | 1BR,1BA | $1.73 |
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Pet Friendly LifestylePeterson Park, Tempe, AZ
Ranked #18
Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet 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 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 $1,045.
What is the price of a cheap apartment in Peterson Park?
The cheapest apartment in Peterson Park is Axio Apartments which is listed at $900, while the average apartment in Peterson Park costs $2,199.
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 40 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 $511 which is $1,688 cheaper than the average rent for all rentals in Peterson Park.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.