Cheap Homes for Rent in South Tempe Neighborhood of Tempe, AZ from $700 (15 Rentals)

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

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.

property at 9605 S 48th St

9605 S 48th St

PhoenixAZ85044
property at 11025 S 51st St

11025 S 51st St

PhoenixAZ85044

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

property at 11025 S 51st St

11025 S 51st St

PhoenixAZ85044

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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 $898. The Molino Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $949. Here are the most affordable South Tempe apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
The Mod at MillsS1Studio,1BA$898
The Molino Apartments1x1 600sqft1BR,1BA$949
Omnia BaselineA11BR,1BA$1,075
StradaA11BR,1BA$1,154
The Pointe at South Mountain1 Bedroom 1 Bathroom D1BR,1BA$1,170

Best Value Apartments for Rent in South Tempe, AZ

As of August 03, 2025 the best value apartment in the South Tempe area is the $1.36 price per square foot B1 Model at Carlyle at South Mountain in the in the South Phoenix neighborhood starting from $1,432. The second greatest value South Tempe apartment is the B4 Model at Serafina at South Mountain starting at $1,705 with a $1.64 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 MountainB12BR,2BA$1.36
Serafina at South MountainB42BR,2BA$1.64
Tides at Park ViewB22BR,2BA$1.40
Lakeview at the BaySan Marcos2BR,2BA$1.49
San PalmillaOne Bedroom/One Bath1BR,1BA$1.60
Sierra FoothillsAgave1BR,1BA$1.61
Mercury on MillReef - 2bed 1bath2BR,1BA$1.46
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.46
Omnia BaselineA1R1BR,1BA$1.56
The Molino Apartments1x1 600sqft1BR,1BA$1.58

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 77 Apartments for Rent in South Tempe, AZ with pricing that ranges from $898 to $10,000. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Tempe ranging from $700 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 $700 to $10,500 with an average monthly rent of $2,292.

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 Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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.