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$904 - $2,726Studio to 2 Bedroom Apartments Available Now
Sentry Tempe
3730 S Mill AveTempe, AZ 85282
Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $900 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Lakes area of Tempe.
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$923 - $5,353
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$923 - $5,353
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Avana Tempe
30 W Carter DrTempe, AZ 85282
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$1,000 - $1,8871 to 3 Bedroom Apartments Available May 1
Lakeview at the Bay
995 E Baseline RdTempe, AZ 85283
343 W Santa Cruz Dr
TempeAZ85282
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$1,020 - $2,4551 to 3 Bedroom Apartments Available Now
505 West
505 W Baseline RdTempe, AZ 85283
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$1,044 - $3,440Studio to 2 Bedroom Apartments Available Now
Sono Tempe
4130 S Mill AveTempe, AZ 85282
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$1,049 - $1,5291 to 2 Bedroom Apartments Available Now
Mercury on Mill
5101 S Mill AveTempe, AZ 85282
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Rent Specials
$1,079 - $1,7191 to 2 Bedroom Apartments Available Now
Ovation at Tempe
4505-4505 S Hardy DrTempe, AZ 85282
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Rent Specials
$1,080 - $1,935
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,080 - $1,935
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$1,080 - $1,935
Eastridge Apartments
1522 E Southern AveTempe, AZ 85282
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$1,099 - $1,2991 to 2 Bedroom Apartments Available Now
Sofia Apartments
208 E Baseline RdTempe, AZ 85283
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.
200 E Southern Ave
TempeAZ85282
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$1,139 - $1,6591 to 2 Bedroom Apartments Available Now
Strada
701 W Grove PkyTempe, AZ 85283
200 E Southern Ave
TempeAZ85282
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$1,179 - $1,7851 to 2 Bedroom Apartments Available Now
Nines at Lakeside
999 E Baseline DrTempe, AZ 85283
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Rent Specials
$1,194 - $4,1771 to 2 Bedroom Apartments Available Now
The Rev Apartment Homes
3409 S Rural RdTempe, AZ 85282
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$1,225 - $1,8001 to 2 Bedroom Apartments Available Now
Tempe Park Place
4540 S Rural RdTempe, AZ 85282
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Rent Specials
$1,278 - $6,174
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,278 - $6,174
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CityScape at Lakeshore
4630 S Lakeshore DrTempe, AZ 85282
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$1,282 - $2,210
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,282 - $2,210
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Highland Park
5038 S Hardy DrTempe, AZ 85282
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$1,299 - $1,9151 to 2 Bedroom Apartments Available Now
Talavera
3501 S McClintock DrTempe, AZ 85282
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$1,315 - $2,4621 to 3 Bedroom Apartments Available Now
909 West
909 W Grove PkyTempe, AZ 85283
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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Rent Specials
$1,324 - $2,5331 to 3 Bedroom Apartments Available Now
The Enclave Apartment Homes
3255 S Dorsey LnTempe, AZ 85282
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$1,350 - $1,4952 Bedroom Apartments Available Now
525-539 W Pebble Beach
525-539 W Pebble BeachTempe, AZ 85282
1820 E Bell De Mar Dr
TempeAZ85283
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$1,433 - $1,9651 to 2 Bedroom Apartments Available Now
La Estancia Apartment Homes
6445 S Maple AveTempe, AZ 85283
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$1,449 - $2,5891 to 3 Bedroom Apartments Available Now
San Marino
600 W Grove PkyTempe, AZ 85283
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$1,550 - $1,9101 to 3 Bedroom Apartments Available Now
Shoreline at the Lakes
1525 E Baseline RdTempe, AZ 85283
2333 E Southern Ave
TempeAZ85282
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$1,574 - $5,3731 to 3 Bedroom Apartments Available Now
Harper
4690 S Lakeshore DrTempe, AZ 85282
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$1,650 - $5,800Studio to 3 Bedroom Apartments Available Now
Shorehaven
1306 Vista Del Lago DrTempe, AZ 85281
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$1,994 - $2,3682 to 3 Bedroom Apartments Available May 3
Townhomes at Kyrene
647 W Baseline RdTempe, AZ 85283
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.
3304 S Parkside Dr
TempeAZ85282
3340 S Parkside Dr, Unit Cozy Condo, Unit Cozy Condo
3340 S Parkside Dr
TempeAZ85282
320 E Orion St
TempeAZ85283
1149 E Sandpiper Dr
TempeAZ85283
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1 to 3 Bedroom Apartments
College Park- No AVAILABILITY!!
401 E Dunbar DrTempe, AZ 85282
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1 Bedroom Apartments
Manhatton
1849 E Manhatton DrTempe, AZ 85282
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1 Bedroom Apartments
Petersen House Apartments
1414 E Southern AveTempe, AZ 85282
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1 to 3 Bedroom Apartments
Lantana Village Apartments
505 W Southern AveTempe, AZ 85282
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Studio to 3 Bedroom Apartments
Alexan Tempe
2160 E Baseline RdTempe, AZ 85282
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1 to 3 Bedroom Apartments
San Palmilla
750 W Baseline RdTempe, AZ 85282
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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1 to 2 Bedroom Apartments
Moda Tempe
534-540 E Huntington DrTempe, AZ 85282
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2 to 3 Bedroom Apartments
The Lennox at Tempe
1655 E Southern AveTempe, AZ 85282
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1 to 2 Bedroom Apartments
Beautiful Boutique Community
5105 S La Rosa DrTempe, AZ 85282
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1 to 3 Bedroom Apartments
San Marquis
577-577 E BASELINE RdTempe, AZ 85283
1402 E Guadalupe Rd
TempeAZ85283
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1 to 2 Bedroom Apartments
Granada Lakes
5701 S Rural RdTempe, AZ 85283
633 W Southern Ave
TempeAZ85282
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2 Bedroom Apartments
2 bedroom 1 bath in Boutique property!
515 E Dunbar DrTempe, AZ 85282
1609 E Ellis Dr
TempeAZ85282
314 E Malibu Dr
TempeAZ85282
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
The Lakes, Tempe, AZ Local Guide
How much does it cost to rent an apartment in The Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Lakes Studio Apartments | $1,762 | $913 | $3,202 |
| The Lakes 1 Bedroom Apartments | $1,704 | $1,000 | $4,682 |
| The Lakes 2 Bedroom Apartments | $1,887 | $1,016 | $4,957 |
| The Lakes 3 Bedroom Apartments | $3,056 | $1,670 | $5,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the The Lakes Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
The Lakes, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
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Cheapest Available The Lakes Apartments for Rent
The cheapest available apartment rental in the The Lakes area of Tempe, AZ is a Studio unit found at Sentry Tempe priced from $913. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $923. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $913 |
| Avana Tempe | Studio - Classic | Studio,1BA | $923 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $1,000 |
| 505 West | Rillito | 1BR,1BA | $1,020 |
| Sono Tempe | Harris | 1BR,1BA | $1,044 |
| Manhatton | 1/1 | 1BR,1BA | $1,050 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1,079 |
| Eastridge Apartments | 1x1 | 1BR,1BA | $1,080 |
| Sofia Apartments | The Bronte (2x1) | 2BR,1BA | $1,099 |
| Strada | A1 | 1BR,1BA | $1,139 |
Best Value Apartments for Rent in The Lakes, AZ
As of April 23, 2026 the best value apartment in the The Lakes area is the $1.62 price per square foot C1 Model at San Marino in the in the South Phoenix neighborhood starting from $2,129. The second greatest value The Lakes apartment is the Two Bedroom/Two Bath Model at San Palmilla starting at $1,870 with a $1.57 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| San Marino | C1 | 3BR,2BA | $1.62 |
| San Palmilla | Two Bedroom/Two Bath | 2BR,2BA | $1.57 |
| Lakeview at the Bay | Monterey | 2BR,2BA | $1.43 |
| Shoreline at the Lakes | B3 | 2BR,2BA | $1.63 |
| The Rev Apartment Homes | B1 | 2BR,2BA | $1.46 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Mercury on Mill | Sunrise - 2bed 2bath | 2BR,2BA | $1.70 |
| Sofia Apartments | The Calla (2x2) | 2BR,2BA | $1.46 |
| 505 West | Rillito | 1BR,1BA | $1.42 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1.54 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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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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.
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If you’re an expert on all things The Lakes, tell us what you love (and don't) by rating it and writing a review.
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Best Local Schools in The Lakes, Tempe, AZ
Fees College Preparatory Middle School
Tempe School District
Public School - Grades 6-8 (645)
2 out of 10
School data provided by Great Schools
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!
Frequently Asked Questions about Cheap The Lakes Apartments
What is a cheap apartment in The Lakes?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Lakes is under $1,139.
What is the price of a cheap apartment in The Lakes?
The cheapest apartment in The Lakes is Sentry Tempe which is listed at $992, while the average apartment in The Lakes costs $2,192.
What types of apartments are the cheapest in The Lakes?
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 57 regular apartments in The Lakes 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 The Lakes?
Cheap apartments in The Lakes have an average cost of $1,056 which is $1,136 cheaper than the average rent for all rentals in The Lakes.
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.
Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.