712 W Manhatton Dr
TempeAZ85282
Cheap Homes for Rent in the Peterson Park Neighborhood of Tempe, AZ from $600 (31 Rentals)
Search the lowest-cost Homes available for rent right now in the Peterson Park area of Tempe.
820 W 14th St
TempeAZ85281
328 E Dunbar Dr
TempeAZ85282
505 W Howe St
TempeAZ85281
2610 S Ventura Dr
TempeAZ85282
1409 S Mill Ave
TempeAZ85281
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
407 W Howe St
TempeAZ85281
407 W Howe St
TempeAZ85281
524 W Howe St
TempeAZ85281
2323 S College Ave
TempeAZ85282
200 E Southern Ave, Unit 231
200 E Southern Ave
TempeAZ85282
4524 E Pueblo Ave
PhoenixAZ85040
200 E Southern Ave
TempeAZ85282
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.
4425 E Wood St
PhoenixAZ85040
313 E Riviera Dr
TempeAZ85282
4037 S 44th Way
PhoenixAZ85040
4487 E Wood St
PhoenixAZ85040
4715 E Jones Ave
PhoenixAZ85040
731 W University Dr
TempeAZ85281
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.
707 W 13th St
TempeAZ85281
2260 W Fremont Dr
TempeAZ85282
4712 E Broadway Rd
PhoenixAZ85040
934 W Parkway Blvd
TempeAZ85281
313 E Riviera Dr
TempeAZ85282
4809 E Euclid Ave
PhoenixAZ85044
1905 E University Dr, Unit Tempe Condo
1905 E University Dr
TempeAZ85288
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.
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$1,619Studio Apartments Available Now
Furnished Studio-Phoenix - Airport - Tempe
2165 W 15th StTempe, AZ 85281
633 W Southern Ave
TempeAZ85282
4853 E Euclid Ave
PhoenixAZ85044
Showing Results 1-31, Page 1 of 1
Peterson Park, Tempe, AZ Local Guide
How much does it cost to rent a home in Peterson Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peterson Park 2 Bedroom Homes for Rent | $1,661 | $975 | $2,600 |
| Peterson Park 3 Bedroom Homes for Rent | $2,506 | $650 | $6,495 |
| Peterson Park 4 Bedroom Homes for Rent | $3,009 | $1,925 | $7,500 |
| Peterson Park 5 Bedroom Homes for Rent | $3,323 | $750 | $4,750 |
| Peterson Park 6 Bedroom Homes for Rent | $1,852 | $725 | $2,980 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Peterson Park Neighborhood of Tempe, AZ.
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Peterson Park, Tempe, AZ Local Guide
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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 $881. The Mod at Mills has the second lowest priced unit, which is a Studio apartment currently listed from $899. 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 | $881 |
| The Mod at Mills | S1 | Studio,1BA | $899 |
| Sono Tempe | Harris | 1BR,1BA | $903 |
| The Molino Apartments | Studio 325sqft | Studio,1BA | $949 |
| Scene 1 Condos | 1BR/1.0BA | 1BR,1BA | $950 |
| Avana Tempe | Studio - Sophisticated | Studio,1BA | $977 |
| Parkside Apartments | A1 | 1BR,1BA | $993 |
| Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $999 |
| 505 West | Rillito | 1BR,1BA | $1,015 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,025 |
Best Value Apartments for Rent in Peterson Park, AZ
As of August 29, 2026 the best value apartment in the Peterson Park area is the $1.41 price per square foot 2 Beds, 2 Baths Model at Mistwood Condominium in the in the South Phoenix neighborhood starting from $1,695. The second greatest value Peterson Park apartment is the 2 Beds, 2.5 Baths Model at 611-613 615 W 13th St starting at $1,449 with a $1.37 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. |
|---|---|---|---|
| Mistwood Condominium | 2 Beds, 2 Baths | 2BR,2BA | $1.41 |
| 611-613 615 W 13th St | 2 Beds, 2.5 Baths | 2BR,2.5BA | $1.37 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| The Halston Apartments | B2 | 2BR,1.5BA | $1.53 |
| Sofia Apartments | The Calla (2x2) | 2BR,2BA | $1.46 |
| 2123 S Hu Esta Dr, Unit East | 2123 S Hu Esta Dr | 2BR,1BA | $1.53 |
| Solaris On University | U2 - 2 x 1 | 2BR,1BA | $1.34 |
| 505 West | Saguaro | 2BR,1BA | $1.50 |
| Scene 1 Condos | 1BR/1.0BA | 1BR,1BA | $1.48 |
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 #17
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 Peterson Park
What type of rentals are currently available in Peterson Park?
There are currently 171 Apartments for Rent in Peterson Park, AZ with pricing that ranges from $799 to $10,066. There are also 158 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peterson Park ranging from $600 to $7,500.
What is the current price range for Rental Homes in Peterson Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peterson Park ranges from $600 to $7,500 with an average monthly rent of $2,451.
How much are larger Three and Four Bedroom Rentals in Peterson Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peterson Park range from $956 to $10,066, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $6,495. Four Bedroom Single-Family rentals are also available starting from $1,925 and Four Bedroom Apartments start at $926.
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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