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Cheap Apartments for Rent in the Riverside Neighborhood of Tempe, AZ from $700 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverside area of Tempe.
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Rent Specials
$899 - $1,339Studio to 1 Bedroom Apartments Available Now
Grandes Cortes
1150 W University DrTempe, AZ 85281
1037 S Farmer Ave
TempeAZ85281
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$957 - $1,483Studio to 2 Bedroom Apartments Available Now
Parq on 5th
805 W Brown StTempe, AZ 85281
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$969 - $1,3991 to 2 Bedroom Apartments Available Now
Solaris On University
1314 W University DrTempe, AZ 85281
600 S Roosevelt St
TempeAZ85281
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$989 - $1,524Studio to 2 Bedroom Apartments Available Now
Riverside Apartments
625 W 1st StTempe, AZ 85281
700 W University Dr
TempeAZ85281
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$1,100 - $1,5001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
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$1,199 - $1,2991 to 2 Bedroom Apartments Available Now
West 5th
601 W 5th StTempe, AZ 85281
906 S Farmer Ave
TempeAZ85281
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$1,250 - $1,9501 to 3 Bedroom Apartments Available Now
Westmount at Downtown Tempe
615 S Hardy DrTempe, AZ 85281
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828 W 2nd St
TempeAZ85281
615 S Hardy Dr
TempeAZ85281
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$1,363 - $2,7351 to 2 Bedroom Apartments Available Now
Residences on Farmer
615 S Farmer AveTempe, AZ 85281
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$1,375 - $1,5002 Bedroom Apartments Available Now
Luna Bear 5th Street
1133 W 5th StTempe, AZ 85281
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$1,380 - $4,540Studio to 3 Bedroom Apartments Available Now
Skywater at Tempe Town Lake
601 W Rio Salado PkyTempe, AZ 85281
616 S Hardy Dr
TempeAZ85281
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$1,396 - $3,894Studio to 3 Bedroom Apartments Available Now
The Aubrey
1003 W Washington StTempe, AZ 85288
1033 N Parkside Dr
TempeAZ85288
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$1,500 - $2,624Studio to 2 Bedroom Apartments Available Now
Trovita Rio
701 W Rio Salado PkyTempe, AZ 85281
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$1,500 - $1,5302 Bedroom Apartments Available Now
Lyndon Lane
1548 W University DrTempe, AZ 85281
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Showing Results 1-41, Page 1 of 1
Riverside, Tempe, AZ Local Guide
How much does it cost to rent an apartment in Riverside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riverside Studio Apartments | $1,337 | $829 | $2,131 |
| Riverside 1 Bedroom Apartments | $1,895 | $875 | $6,000 |
| Riverside 2 Bedroom Apartments | $2,139 | $1,137 | $4,950 |
| Riverside 3 Bedroom Apartments | $2,789 | $1,004 | $5,479 |
| Riverside 4 Bedroom Apartments | $3,628 | $899 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the Riverside Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Riverside, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Riverside Apartments for Rent
The cheapest available apartment rental in the Riverside area of Phoenix, AZ is a Studio unit found at Margo priced from $829. Studio 710 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $849. Here are the most affordable Riverside apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margo | Studio | Studio,1BA | $829 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $849 |
| Grandes Cortes | Studio | Studio,1BA | $899 |
| Parq on 5th | Studio | Studio,1BA | $957 |
| Solaris On University | S1 -1 x 1 | 1BR,1BA | $969 |
| Riverside Apartments | Studio | Studio,1BA | $989 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,100 |
| Dwell at 5th and Farmer | 0 Bed/1 Bath | Studio,1BA | $1,149 |
| West 5th | 1BR/1.0BA | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Riverside, AZ
As of October 12, 2025 the best value apartment in the Riverside area is the $1.43 price per square foot 3/3 Model at The Hardy Tempe Townhome Living in the in the Downtown Tempe neighborhood starting from $2,445. The second greatest value Riverside apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,595 with a $1.65 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hardy Tempe Townhome Living | 3/3 | 3BR,3BA | $1.43 |
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.65 |
| Dolce Villagio Townhomes | Two Bedroom 2.5 Bathroom | 2BR,2.5BA | $1.78 |
| 1314 W 3rd St, Unit 1314 W 3rd apartment 3 | 1314 W 3rd St | 2BR,1BA | $1.61 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1.45 |
| Rio Paradiso | A3 Loft | 1BR,1BA | $1.72 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.42 |
| Lyndon Lane | Two Bed One Bath | 2BR,1BA | $1.67 |
| West 5th | 2BR/1.0BA | 2BR,1BA | $1.73 |
| 522 W Howe St, Unit 522 | 522 W Howe St | 1BR,1BA | $1.25 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRiverside, Tempe, AZ
Ranked #39
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Riverside Apartments
What is a cheap apartment in Riverside?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $1,199.
What is the price of a cheap apartment in Riverside?
The cheapest apartment in Riverside is Solaris On University which is listed at $969, while the average apartment in Riverside costs $2,615.
What types of apartments are the cheapest in Riverside?
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 9 regular apartments in Riverside 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 Riverside?
Cheap apartments in Riverside have an average cost of $1,686 which is $929 cheaper than the average rent for all rentals in Riverside.
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).
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.