Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $800 (17 Rentals)

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

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The Lakes, Tempe, AZ Local Guide

Cheapest Available The Lakes Apartments for Rent

 

The cheapest available apartment rental in the The Lakes area of Tempe, AZ is a 2 Beds unit found at Sono Tempe priced from $878. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $1,003. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sono TempeCooper2BR,1BA$878
Avana TempeStudio - SophisticatedStudio,1BA$1,003
Tempe Park PlaceHorizon1BR,1BA$1,020
505 WestRillito1BR,1BA$1,055
Sentry TempeSunset2BR,2BA$1,073

Best Value Apartments for Rent in The Lakes, AZ

As of October 07, 2025 the best value apartment in the The Lakes area is the $1.64 price per square foot 3x2 R Model at The Lennox at Tempe in the in the South Phoenix neighborhood starting from $1,800. The second greatest value The Lakes apartment is the San Marcos Model at Lakeview at the Bay starting at $1,484 with a $1.49 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for The Lakes apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Lennox at Tempe3x2 R3BR,2BA$1.64
Lakeview at the BaySan Marcos2BR,2BA$1.49
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.74
Sentry TempeSunset2BR,2BA$1.22
505 WestSaguaro2BR,1BA$1.51
Highland Park2x1 Reno2BR,1BA$1.64
La Estancia Apartment Homes1x11BR,1BA$1.72
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.61
Tempe Park PlaceHorizon1BR,1BA$1.62

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Pet Friendly Lifestyle
The Lakes, Tempe, AZ

Ranked #49

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States and customized analysis for Central Tempe. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the The Lakes Neighborhood in Tempe, AZ

Walk Score®

68 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap The Lakes Apartments

What is the Cheapest Studio apartment in The Lakes?

Currently the most affordable Cheap Studio Apartment in The Lakes is at Sono Tempe listed at $966.

How much is rent for a Cheap One Bedroom The Lakes Apartment?

The lowest price for a Cheap One Bedroom The Lakes Apartment is $1,020 at Tempe Park Place.

What is the lowest price for a Cheap Two Bedroom The Lakes Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in The Lakes is starting from $878 at Sono Tempe.

What is the most affordable The Lakes Three Bedroom Apartment?

The best deal on a cheap The Lakes Three Bedroom Apartment rental is at The Lennox at Tempe and starts from $1,700.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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