Cheap Apartments for Rent in the Sunset Neighborhood of Tempe, AZ from $700 (52 Rentals)

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

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Parq on 5th
Rent Specials
$980 - $1,684
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $1,684
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Parq on 5th

805 W Brown StTempe, AZ 85281
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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property at 731 W University Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Jun 30

731 W University Dr

TempeAZ85281
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West 5th
$1,334
Total Monthly Price

Total Monthly Price

Base Rent
$1,334
Total Monthly Price
$1,334
2 Bedroom Apartments Available Now

West 5th

601 W 5th StTempe, AZ 85281
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Trovita Rio
Rent Specials
$1,500 - $2,520
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $2,520
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Trovita Rio

701 W Rio Salado PkyTempe, AZ 85281
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour
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Villas on 4th
Studio to 3 Bedroom Apartments

Villas on 4th

1218-1246 W 4th StTempe, AZ 85281
Corporate Housing
  • Utilities Included
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Encore on Farmer
1 to 2 Bedroom Apartments

Encore on Farmer

601 S Farmer AveTempe, AZ 85281
Senior Living
  • Utilities Included
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Plaza East
1 Bedroom Apartments

Plaza East

807 W 3rd StTempe, AZ 85281

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.

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Venture on Wilson
1 to 2 Bedroom Apartments

Venture on Wilson

626 S Wilson StTempe, AZ 85281
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Hidden Glen
1 to 2 Bedroom Apartments

Hidden Glen

818 W 3rd StTempe, AZ 85281
  • Utilities Included
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Echo Tempe
2 Bedroom Apartments

Echo Tempe

1014 S Farmer AveTempe, AZ 85281
  • Utilities Included
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Parkview on 5th
Studio to 2 Bedroom Apartments

Parkview on 5th

704-724 W 5th StTempe, AZ 85281

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.

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Plaza East
1 Bedroom Apartments

Plaza East

807-819 W 3rd StTempe, AZ 85281
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Rio Paradiso
Studio to 3 Bedroom Apartments

Rio Paradiso

1033 N Parkside DrTempe, AZ 85288
Student Housing
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Wilson Studios
Studio Apartments

Wilson Studios

110-114 S Wilson StTempe, AZ 85281
  • Utilities Included
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Corsican
2 Bedroom Apartments

Corsican

1312 S Hardy DrTempe, AZ 85281
Student Housing
  • Utilities Included
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Pecan Grove Estates
1 to 2 Bedroom Apartments

Pecan Grove Estates

1233 W 4th StTempe, AZ 85281
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

Sunset, Tempe, AZ Local Guide

Cheapest Available Sunset Apartments for Rent

 

The cheapest available apartment rental in the Sunset area of Phoenix, AZ is a Studio unit found at Solaris On University priced from $899. 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 ListingModel NameBed/BathPriced From
Solaris On UniversityStudioStudio,1BA$899
Grandes CortesStudioStudio,1BA$899
MargoStudioStudio,1BA$929
Parq on 5thStudioStudio,1BA$980
Westmount at Downtown Tempe ApartmentsSunrise1BR,1BA$1,025
Hidden Glen1X11BR,1BA$1,050
Riverside ApartmentsStudioStudio,1BA$1,052
Studio 710 ApartmentsSmall Studio DeluxeStudio,1BA$1,059
Dwell at 5th and Farmer0 Bed/1 BathStudio,1BA$1,174
Rio ParadisoA11BR,1BA$1,260

Best Value Apartments for Rent in Sunset, AZ

As of June 12, 2026 the best value apartment in the Sunset area is the $1.48 price per square foot 3 Beds, 3.5 Baths Model at 430 W 7th St in the in the Downtown Tempe neighborhood starting from $3,250. The second greatest value Sunset apartment is the 3BR/1.0BA Model at Roosevelt South starting at $1,699 with a $1.42 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 ListingModel NameBed/BathPrice Per Sq.Ft.
430 W 7th St3 Beds, 3.5 Baths3BR,3.5BA$1.48
Roosevelt South3BR/1.0BA3BR,1BA$1.42
Dolce Villagio TownhomesTwo Bedroom 2.5 Bathroom2BR,2.5BA$1.78
Rio ParadisoB22BR,2BA$1.73
Luna Bear 5th StreetB12BR,2BA$1.37
Lyndon LaneLyndon Lane Two Bedroom One Bath2BR,1BA$1.66
312 S Wilson St, Unit Wilson Commons312 S Wilson St2BR,1BA$1.83
West 5th2BR/1.0BA2BR,1BA$1.78
Westmount at Downtown Tempe ApartmentsSunrise1BR,1BA$1.71
Hidden Glen1X11BR,1BA$1.98

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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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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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.

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Pet Friendly Lifestyle
Sunset, Tempe, AZ

Ranked #52

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $1,260.

What is the price of a cheap apartment in Sunset?

The cheapest apartment in Sunset is Solaris On University which is listed at $979, while the average apartment in Sunset costs $8,650.

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 67 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 $2,448 which is $6,202 cheaper than the average rent for all rentals in Sunset.

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.

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