
Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Tempe.


820 W 9th St

522 W Howe St

524 W Howe St
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.

1238-1238 W 4th St

1226 W 4th St

700 W University Dr

1200 S Farmer Ave
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.

1343 W 3rd St

615 S Hardy Dr

1077 W 1st St

615 S Hardy Dr

850 W 9th St

1065 W 1st St
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.

1240-1246 4th St
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 | $1,861 | $1,195 | $3,300 |
Riverside 3 Bedroom Homes for Rent | $2,705 | $1,795 | $5,400 |
Riverside 4 Bedroom Homes for Rent | $3,003 | $2,350 | $4,750 |
Riverside 5 Bedroom Homes for Rent | $3,047 | $2,299 | $4,750 |
Riverside 6 Bedroom Homes for Rent | $2,625 | $750 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Riverside Neighborhood of Tempe, AZ.
Explore Tempe
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. Lyndon Lane has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. 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 |
Lyndon Lane | One Bed One Bath | 1BR,1BA | $975 |
Parq on 5th | Studio | Studio,1BA | $1,000 |
Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,095 |
Dwell at 5th and Farmer | 0 Bed/1 Bath | Studio,1BA | $1,097 |
Best Value Apartments for Rent in Riverside, AZ
As of July 24, 2025 the best value apartment in the Riverside area is the $1.65 price per square foot 2x2.5 Den, Standard Garage Model at Roosevelt Luxury Townhomes in the in the Downtown Tempe neighborhood starting from $3,050. The second greatest value Riverside apartment is the 1320 S Ash Ave Model at 1320 S Ash Ave, Unit Main House starting at $1,850 with a $1.23 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. |
---|---|---|---|
Roosevelt Luxury Townhomes | 2x2.5 Den, Standard Garage | 2BR,2.5BA | $1.65 |
1320 S Ash Ave, Unit Main House | 1320 S Ash Ave | 2BR,1.5BA | $1.23 |
Residences on Farmer | 2x2a | 2BR,2BA | $1.97 |
The Aubrey | Olivia | 1BR,1BA | $1.92 |
524 W Howe St, Unit 524 | 524 W Howe St | 1BR,1BA | $1.37 |
McKemy at Tempe Town Lake | 2x1 | 2BR,1BA | $2.00 |
522 W Howe St, Unit 522 | 522 W Howe St | 1BR,1BA | $1.46 |
West 5th | 1BR/1.0BA | 1BR,1BA | $1.94 |
Furnished 1 bed / 1 bath in a 4 bedroom | 1 bedroom1 bath | 4BR,4BA | $1.39 |
Margo | Studio | Studio ,1BA | $2.25 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Riverside
What type of rentals are currently available in Riverside?
There are currently 178 Apartments for Rent in Riverside, AZ with pricing that ranges from $695 to $14,000. There are also 74 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $675 to $5,400.
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 $675 to $5,400 with an average monthly rent of $2,234.
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 $5,400. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $695.
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.