
Cheap Homes for Rent in Riverside Neighborhood of Tempe, AZ from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Tempe.


522 W Howe St

1324 W 13th St

1309 W 10th St

1333 W 5th St

906 S Farmer Ave, Unit C
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.

700 W University Dr, Unit 149

1245 W 1st St

1137 S Judd St

731 W University Dr

731 W University Dr

1033 N Parkside Dr
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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 | $1,658 | $1,025 | $2,500 |
Riverside 3 Bedroom Homes for Rent | $2,290 | $1,000 | $4,000 |
Riverside 4 Bedroom Homes for Rent | $2,395 | $900 | $3,000 |
Riverside 5 Bedroom Homes for Rent | $2,873 | $2,200 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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 $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 | $956 |
Solaris On University | S1 -1 x 1 | 1BR,1BA | $969 |
Best Value Apartments for Rent in Riverside, AZ
As of October 15, 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 |
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 |
Solaris On University | S1 -1 x 1 | 1BR,1BA | $1.79 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleRiverside, Tempe, AZ
Ranked #44
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 178 Apartments for Rent in Riverside, AZ with pricing that ranges from $829 to $15,000. There are also 97 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $575 to $4,000.
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 $575 to $4,000 with an average monthly rent of $2,021.
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 $1,000 to $4,000. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $899.
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.