
Cheap Apartments for Rent in the Sunset Neighborhood of Tempe, AZ from $700 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sunset area of Tempe.


Solaris On University

Grandes Cortes

Margo

700 W University Dr

114 S Wilson St

Riverside Apartments

Total Monthly Price
524 W Howe St, Unit 524

Studio 710 Apartments

330 S Beck Ave, Unit 224
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

Axio Apartments

1234 W 4th St

Total Monthly Price
Westmount at Downtown Tempe Apartments

Total Monthly Price
Parq on 5th

407 W Howe St

1200 S Farmer Ave

616 S Hardy Dr

1315 W 5th St

Luna Bear 5th Street

731 W University Dr
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1134 S Roosevelt St

Total Monthly Price
336 S Roosevelt St, Unit 2

504 W Brown St

1245 W 1st St

617 S Roosevelt St

West 6th

Total Monthly Price
West 5th

Roosevelt Park

510 W University Dr

Hudson on Farmer
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

505 W Howe St

1010 W University Dr

Palm Breeze Apartments

Villas on 4th

521 W 5th St

Encore on Farmer

Plaza East

Venture on Wilson

Hidden Glen

524 W Howe St
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.

1333 W 5th St

700 W University Dr

1238-1238 W 4th St

Lake Point Village Condominiums

Dwell at 5th and Farmer

Echo Tempe

1238 W 4th St

330 S Beck Ave

902 and 908 W. 2nd Street

Corsican
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.
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 | $1,330 | $799 | $1,775 |
| Sunset 1 Bedroom Apartments | $1,753 | $929 | $4,117 |
| Sunset 2 Bedroom Apartments | $2,111 | $1,149 | $4,826 |
| Sunset 3 Bedroom Apartments | $3,035 | $1,663 | $5,875 |
| Sunset 4 Bedroom Apartments | $8,250 | $3,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 67 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 $929. Solaris On University has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,049. Here are the most affordable Sunset apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Margo | Studio | Studio,1BA | $929 |
| Solaris On University | U1 - 1 x 1 | 1BR,1BA | $1,049 |
| Hidden Glen | 1X1 | 1BR,1BA | $1,050 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,095 |
| Lake Point Village Condominiums | 1 Beds, 1 Baths | 1BR,1BA | $1,100 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,130 |
| Westmount at Downtown Tempe Apartments | Sunset | 2BR,1BA | $1,154 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1,199 |
| Tremezzo on the Lake | A1 | 1BR,1BA | $1,199 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1,299 |
Best Value Apartments for Rent in Sunset, AZ
As of July 28, 2026 the best value apartment in the Sunset area is the $1.42 price per square foot 3 Beds, 3.5 Baths Model at 430 W 7th St in the in the Downtown Tempe neighborhood starting from $3,134. The second greatest value Sunset apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,700 with a $1.72 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. |
|---|---|---|---|
| 430 W 7th St | 3 Beds, 3.5 Baths | 3BR,3.5BA | $1.42 |
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
| Dolce Villagio Townhomes | Two Bedroom 2.5 Bathroom | 2BR,2.5BA | $1.78 |
| Westmount at Downtown Tempe Apartments | Coastline | 3BR,1BA | $1.64 |
| 336 S Roosevelt St, Unit 2 | 336 S Roosevelt St | 2BR,1BA | $1.30 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1.37 |
| Rio Paradiso | A2 Loft | 1BR,1BA | $1.65 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| Lyndon Lane | Lyndon Lane Two Bedroom One Bath | 2BR,1BA | $1.66 |
| Solaris On University | U1 - 1 x 1 | 1BR,1BA | $1.45 |
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.
Read ArticleReal 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.
Read ArticleQuick 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 #52
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet 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 $1,299.
What is the price of a cheap apartment in Sunset?
The cheapest apartment in Sunset is Solaris On University which is listed at $1,049, while the average apartment in Sunset costs $8,250.
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 52 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 $2,411 which is $5,839 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.
Helpful Local Expert Guides

From Scottsdale to Peoria: Your Renter’s Guide to Phoenix's Best Cities
Written by: Andrew Jollett
I’m Andrew, your ApartmentHomeLiving.com Local Expert for Phoenix.

Your Essential Local Expert's Phoenix Relocation Guide: Housing, Utilities, and Local Tips
Written by: Andrew Jollett
Hi! I’m Andrew, and I’m your local Phoenix expert for ApartmentHomeliving.com. If you’re looking to move to the Phoenix area, I’m excited for you.

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
Articles, How-To's, and Tips

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.