Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $700 (14 Rentals)

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Cheap Homes in the Riverside area of Tempe.

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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property at 616 S Hardy Dr

616 S Hardy 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

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Riverside, Tempe, AZ Local Guide

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. Grandes Cortes has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Riverside apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
MargoStudioStudio,1BA$899
Grandes CortesStudioStudio,1BA$949
Lyndon LaneOne Bed One Bath1BR,1BA$975
Riverside ApartmentsStudioStudio,1BA$989
Axio Apartments1x11BR,1BA$1,000

Best Value Apartments for Rent in Riverside, AZ

As of May 06, 2025 the best value apartment in the Riverside area is the $1.72 price per square foot 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $2,700. The second greatest value Riverside apartment is the One Bedroom Model at SALT starting at $2,001 with a $2.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Roosevelt Luxury Townhomes2x2.5 Standard Garage2BR,2.5BA$1.72
SALTOne Bedroom1BR,1BA$2.08
Corsican2 Bed - 1 Bath2BR,1BA$1.31
1245 W 4th St, Unit 11245 W 4th St2BR,1BA$2.08
McKemy at Tempe Town Lake2x12BR,1BA$2.07
Tremezzo on the LakeB1R2BR,1BA$1.98
Roosevelt Park1 Bedroom 1 Bath1BR,1BA$2.07
Solaris On UniversityP1 -1 x 11BR,1BA$1.87
Axio Apartments1x11BR,1BA$1.92
Furnished 1 bed / 1 bath in a 4 bedroom1 bedroom1 bath4BR,4BA$1.99

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 168 Apartments for Rent in Riverside, AZ with pricing that ranges from $899 to $14,000. There are also 75 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 $2,132.

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 $1,095 to $5,782, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $3,795. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,045.

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.

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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).

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.