
Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $700 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Tempe.


1409 S Mill Ave, Unit #5

302 S Westfall Ave

522 W Howe St

524 W Howe St

810 W 2nd St
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906 S Farmer Ave, Unit C

700 W University Dr, Unit 106

700 W University Dr

731 W University Dr

731 W University Dr

1324 W 13th St
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1137 S Judd St

615 S Hardy Dr

615 S Hardy Dr
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1137 S Judd St

904 1/2 S Wilson St

242 S Beck Ave

1065 W 1st St

1065 W 1st St, Unit 205
Riverside, Tempe, AZ Local Guide

How much does it cost to rent a home in Riverside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverside 2 Bedroom Homes for Rent | $1,723 | $1,100 | $3,300 |
Riverside 3 Bedroom Homes for Rent | $2,775 | $1,795 | $4,900 |
Riverside 4 Bedroom Homes for Rent | $2,842 | $1,200 | $4,600 |
Riverside 5 Bedroom Homes for Rent | $3,428 | $2,250 | $5,500 |
Riverside 6 Bedroom Homes for Rent | $2,625 | $750 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Riverside Neighborhood of Tempe, AZ.
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Riverside, Tempe, AZ Local Guide
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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 $899. Parq on 5th has the second lowest priced unit, which is a Studio apartment currently listed from $957. Here are the most affordable Riverside apartments for rent in Phoenix, AZ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Margo | Studio | Studio,1BA | $899 |
Parq on 5th | Studio | Studio,1BA | $957 |
Lyndon Lane | One Bed One Bath | 1BR,1BA | $975 |
Studio 710 Apartments | Small Studio- Upgraded | Studio,1BA | $1,045 |
Riverside Apartments | Studio | Studio,1BA | $1,091 |
Best Value Apartments for Rent in Riverside, AZ
As of August 20, 2025 the best value apartment in the Riverside area is the $1.50 price per square foot 3/3 Model at The Hardy Tempe Townhome Living in the in the Downtown Tempe neighborhood starting from $2,562. The second greatest value Riverside apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,695 with a $1.72 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 | $1.50 |
Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
611 W 13th St, Unit 611 | 611 W 13th St | 3BR,2.5BA | $1.57 |
Luna Bear 5th Street | B1 | 2BR,2BA | $1.45 |
1245 W 4th St, Unit 2 | 1245 W 4th St | 2BR,2BA | $2.03 |
Villas on 4th | 2 Bedroom | 2BR,2BA | $1.83 |
Solaris On University | U2 - 2 x 1 | 2BR,1BA | $1.39 |
The Aubrey | Olivia | 1BR,1BA | $1.95 |
McKemy at Tempe Town Lake | 2x1 | 2BR,1BA | $1.99 |
West 5th | 1BR/1.0BA | 1BR,1BA | $1.94 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRiverside, Tempe, AZ
Ranked #35
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Riverside
What type of rentals are currently available in Riverside?
There are currently 184 Apartments for Rent in Riverside, AZ with pricing that ranges from $800 to $14,000. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $750 to $5,500.
What is the current price range for Rental Homes in Riverside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverside ranges from $750 to $5,500 with an average monthly rent of $2,269.
How much are larger Three and Four Bedroom Rentals in Riverside?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverside range from $1,004 to $5,479, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $4,900. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $895.
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
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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).

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.