
Cheap Homes for Rent in the Sunset Neighborhood of Tempe, AZ from $700 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Sunset area of Tempe.


1318 S Mitchell Dr

1214 S Roosevelt St, Unit B

524 W Howe St

700 W University Dr, Unit 125

1333 W 5th St
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.

1238-1238 W 4th St

729 W University Dr

729 W University Dr

330 S Beck Ave

330 S Beck Ave, Unit 224

407 W Howe St
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.

1200 S Farmer Ave

407 W Howe St

1200 S Farmer Ave

1065 W 1st St

700 W University Dr

731 W University Dr
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.

731 W University Dr

1238 W 4th St

504 W Brown St

504 W Brown St

1311 W 4th St

1315 W 4th St
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.

617 S Roosevelt St

1518 W 5th St
Sunset, Tempe, AZ Local Guide

How much does it cost to rent a home in Sunset?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sunset 2 Bedroom Homes for Rent | $1,704 | $1,050 | $3,900 |
| Sunset 3 Bedroom Homes for Rent | $2,338 | $1,000 | $3,500 |
| Sunset 4 Bedroom Homes for Rent | $3,152 | $2,000 | $5,600 |
| Sunset 5 Bedroom Homes for Rent | $3,439 | $750 | $4,750 |
| Sunset 6 Bedroom Homes for Rent | $4,500 | $4,500 | $4,500 |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Sunset Neighborhood of Tempe, AZ.
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Sunset, Tempe, AZ Local Guide
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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 $829. Margo has the second lowest priced unit, which is a Studio apartment currently listed from $929. Here are the most affordable Sunset apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Solaris On University | Studio | Studio,1BA | $829 |
| Margo | Studio | Studio,1BA | $929 |
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $1,059 |
| Parq on 5th | Studio | Studio,1BA | $1,109 |
| Westmount at Downtown Tempe Apartments | Sunset | 2BR,1BA | $1,195 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1,199 |
| Rio Paradiso | A1 | 1BR,1BA | $1,265 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1,299 |
| Axio Apartments | 1x1 | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Sunset, AZ
As of July 12, 2026 the best value apartment in the Sunset area is the $1.36 price per square foot 3 Beds, 3.5 Baths Model at 430 W 7th St in the in the Downtown Tempe neighborhood starting from $2,995. The second greatest value Sunset apartment is the 2x2.5 Den, Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,950 with a $1.60 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 | $1.36 |
| Roosevelt Luxury Townhomes | 2x2.5 Den, Standard Garage | 2BR,2.5BA | $1.60 |
| The Aubrey | 2x2 | 2BR,2BA | $1.71 |
| Dolce Villagio Townhomes | Two Bedroom 2.5 Bathroom | 2BR,2.5BA | $1.78 |
| Westmount at Downtown Tempe Apartments | Coastline | 3BR,1BA | $1.65 |
| Luna Bear 5th Street | B1 | 2BR,2BA | $1.37 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| Lyndon Lane | Lyndon Lane Two Bedroom One Bath | 2BR,1BA | $1.66 |
| 524 W Howe St, Unit 524 | 524 W Howe St | 1BR,1BA | $1.40 |
| Rio Paradiso | A1 | 1BR,1BA | $1.71 |
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 Sunset
What type of rentals are currently available in Sunset?
There are currently 164 Apartments for Rent in Sunset, AZ with pricing that ranges from $829 to $13,500. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sunset ranging from $750 to $5,600.
What is the current price range for Rental Homes in Sunset?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Sunset ranges from $750 to $5,600 with an average monthly rent of $2,512.
How much are larger Three and Four Bedroom Rentals in Sunset?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Sunset range from $1,647 to $5,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $3,200.
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

A Local Expert's 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).

Expert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
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I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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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.

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
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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.
Articles, How-To's, and Tips

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
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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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.