Cheap Apartments for Rent in the Sunset Neighborhood of Tempe, AZ from $700 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sunset area of Tempe.

Grandes Cortes

1037 S Farmer Ave

Riverside Apartments

Solaris On University

423 S Mitchell Dr

Studio 710 Apartments

Axio Apartments

700 W University Dr

West 5th

906 S Farmer Ave

Westmount at Downtown Tempe

828 W 2nd St

Residences on Farmer

615 S Hardy Dr

Luna Bear 5th Street

616 S Hardy Dr

1033 N Parkside Dr

Lyndon Lane
Sunset, Tempe, AZ Local Guide

How much does it cost to rent an apartment in Sunset?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sunset Studio Apartments | $1,326 | $829 | $2,131 |
| Sunset 1 Bedroom Apartments | $1,861 | $875 | $4,108 |
| Sunset 2 Bedroom Apartments | $2,233 | $1,142 | $9,000 |
| Sunset 3 Bedroom Apartments | $2,870 | $1,795 | $5,479 |
| Sunset 4 Bedroom Apartments | $6,575 | $925 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 39 rentals with your search options within a 2 mile radius of the Sunset Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Sunset, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Sunset Apartments for Rent
 The cheapest available apartment rental in the Sunset area of Phoenix, AZ is a Studio unit found at Margo priced from $829. Grandes Cortes has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Sunset apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margo | Studio | Studio,1BA | $829 |
| Grandes Cortes | Studio | Studio,1BA | $899 |
| Parq on 5th | Studio | Studio,1BA | $958 |
| Riverside Apartments | Studio | Studio,1BA | $968 |
| Solaris On University | S1 -1 x 1 | 1BR,1BA | $969 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $999 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,100 |
| Dwell at 5th and Farmer | 0 Bed/1 Bath | Studio,1BA | $1,149 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Sunset, AZ
As of October 25, 2025 the best value apartment in the Sunset area is the $1.54 price per square foot 3/3 Corner Model at The Hardy Tempe Townhome Living in the in the Downtown Tempe neighborhood starting from $2,621. The second greatest value Sunset 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 Sunset apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Hardy Tempe Townhome Living | 3/3 Corner | 3BR,3BA | $1.54 |
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.65 |
| Lakeside Drive Apartments | B2L | 2BR,2BA | $2.01 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1.45 |
| Rio Paradiso | A2 Loft | 1BR,1BA | $1.69 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| 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
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.
Pet Friendly LifestyleSunset, Tempe, AZ
Ranked #49
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Sunset Apartments
What is a cheap apartment in Sunset?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sunset is under $1,199.
What is the price of a cheap apartment in Sunset?
The cheapest apartment in Sunset is Solaris On University which is listed at $969, while the average apartment in Sunset costs $3,800.
What types of apartments are the cheapest in Sunset?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Sunset that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Sunset?
Cheap apartments in Sunset have an average cost of $220 which is $3,580 cheaper than the average rent for all rentals in Sunset.
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).

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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.




















