Cheap Apartments for Rent in the South Tempe Neighborhood of Tempe, AZ from $849 (68 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Tempe area of Tempe.

property at 328 E Dunbar Dr
$725

Total Monthly Price

Base Rent$725
Total Monthly Price$725
6 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

328 E Dunbar Dr

TempeAZ85282

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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Highland Park
Rent Specials
$1,217 - $2,196

Total Monthly Price

Base Rent$1,217 - $2,196
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Highland Park

5038 S Hardy DrTempe, AZ 85282
Corporate Housing
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Finisterra On Grove
Rent Specials
$1,429 - $2,344

Total Monthly Price

Base Rent$1,429 - $2,344
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Finisterra On Grove

1250 W Grove PkyTempe, AZ 85283
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Rent According to Income: A Look at Income-Restricted Rentals

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Alexan Tempe
Studio to 3 Bedroom Apartments

Alexan Tempe

2160 E Baseline RdTempe, AZ 85282
Student Housing
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San Capella
1 to 3 Bedroom Apartments

San Capella

1155 W ELLIOT RdTempe, AZ 85284

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San Palmilla
1 to 3 Bedroom Apartments

San Palmilla

750 W Baseline RdTempe, AZ 85282
Student Housing
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San Sonoma
1 to 3 Bedroom Apartments

San Sonoma

9010 S Priest DrTempe, AZ 85284
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San Marquis
1 to 3 Bedroom Apartments

San Marquis

577-577 E BASELINE RdTempe, AZ 85283
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Granada Lakes
1 to 2 Bedroom Apartments

Granada Lakes

5701 S Rural RdTempe, AZ 85283
  • Utilities Included

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property at 731 E Vaughn Dr
$1,795
3 Bedroom, 2 Bath Townhome for Rent
Available Now
Affordability

731 E Vaughn Dr

TempeAZ85283
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Rockledge Fairways
Rent Specials
$1,210 - $2,000

Total Monthly Price

Base Rent$1,210 - $2,000
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Rockledge Fairways

13220 S 48th StPhoenix, AZ 85044
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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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South Tempe, Tempe, AZ Local Guide

Cheapest Available South Tempe Apartments for Rent

 

The cheapest available apartment rental in the South Tempe area of Tempe, AZ is a Studio unit found at The Mod at Mills priced from $849. Mission Springs has the second lowest priced unit, which is a Studio apartment currently listed from $873. Here are the most affordable South Tempe apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
The Mod at MillsS1Studio,1BA$849
Mission SpringsSaguaro - Junior One BedroomStudio,1BA$873
The Molino ApartmentsStudio 325sqftStudio,1BA$949
Mercury on MillKona - 1bed 1bath1BR,1BA$999
The Avi1x11BR,1BA$1,100
Lakeview at the BayLaJolla1BR,2BA$1,100
Palms at South MountainA1: 1 Bed 1 Bath1BR,1BA$1,110
Omnia Baseline1 Bed1BR,1BA$1,125
909 WestThe Havasu - Premium Plus1BR,1BA$1,173
StradaA11BR,1BA$1,184

Best Value Apartments for Rent in South Tempe, AZ

As of September 11, 2026 the best value apartment in the South Tempe area is the $1.34 price per square foot C1 Model at Carlyle at South Mountain in the in the South Phoenix neighborhood starting from $1,695. The second greatest value South Tempe apartment is the 2X2-1145 Model at San Marquis starting at $1,908 with a $1.67 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for South Tempe apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Carlyle at South MountainC13BR,2BA$1.34
San Marquis2X2-11452BR,2BA$1.67
Vista Sureno2 Bed, 2 Bath B2BR,2BA$1.53
San PalmillaA11BR,1BA$1.64
Hohokam VillasPapago1BR,1BA$1.65
505 WestSaguaro2BR,1BA$1.50
Lakeview at the BayMalibu1BR,1BA$1.62
La Estancia Apartment Homes1x11BR,1BA$1.65
909 WestThe Red Rock - Premium Plus1BR,1BA$1.55
Mercury on MillKona - 1bed 1bath1BR,1BA$1.57

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.

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Navigating the Rental Market: Tips for First-Time Renters

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
South Tempe, Tempe, AZ

Ranked #19

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
South Tempe, Tempe, AZ

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including South Tempe, Tempe, and the greater Tempe area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap South Tempe Apartments

What is the Cheapest Studio apartment in South Tempe?

Currently the most affordable Cheap Studio Apartment in South Tempe is at The Mod at Mills listed at $849.

How much is rent for a Cheap One Bedroom South Tempe Apartment?

The lowest price for a Cheap One Bedroom South Tempe Apartment is $999 at Mercury on Mill.

What is the lowest price for a Cheap Two Bedroom South Tempe Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Tempe is starting from $1,200 at The Avi.

What is the most affordable South Tempe Three Bedroom Apartment?

The best deal on a cheap South Tempe Three Bedroom Apartment rental is at Palms at South Mountain and starts from $1,499.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.