Cheap Homes for Rent in South Tempe Neighborhood of Tempe, AZ from $700 (18 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044
property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-18, Page 1 of 1

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 Molino Apartments priced from $799. The Mod at Mills has the second lowest priced unit, which is a Studio apartment currently listed from $898. Here are the most affordable South Tempe apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
The Molino ApartmentsStudio 315sqftStudio,1BA$799
The Mod at MillsS1Studio,1BA$898
Omnia BaselineA11BR,1BA$970
Array South MountainS1Studio,1BA$1,151
Serafina at South MountainA11BR,1BA$1,172

Best Value Apartments for Rent in South Tempe, AZ

As of June 12, 2025 the best value apartment in the South Tempe area is the $1.29 price per square foot A1 Model at San Marino in the in the South Phoenix neighborhood starting from $1,529. The second greatest value South Tempe apartment is the Ranger Model at Cortland South Mountain starting at $1,837 with a $1.62 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.
San MarinoA11BR,1BA$1.29
Cortland South MountainRanger2BR,2BA$1.62
Lakeview at the BaySan Marcos2BR,2BA$1.49
Vista SurenoTwo-Bedrooms, Two-Bathrooms (AR)2BR,2BA$1.70
Hohokam VillasPapago1BR,1BA$1.65
Sierra FoothillsAgave1BR,1BA$1.60
La Estancia Apartment Homes1x11BR,1BA$1.54
Carlyle at South MountainA21BR,1BA$1.62
The Pointe at South Mountain1 Bedroom 1 Bathroom D1BR,1BA$1.68
Tides at Park ViewA11BR,1BA$1.63

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Frequently Asked Questions about South Tempe

What type of rentals are currently available in South Tempe?

There are currently 71 Apartments for Rent in South Tempe, AZ with pricing that ranges from $898 to $10,000. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Tempe ranging from $725 to $10,500.

What is the current price range for Rental Homes in South Tempe?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Tempe ranges from $725 to $10,500 with an average monthly rent of $2,747.

How much are larger Three and Four Bedroom Rentals in South Tempe?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Tempe range from $1,695 to $10,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,773 to $6,495. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $2,200.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.