Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $800 (20 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 Studio unit found at Avana Tempe priced from $877. Sono Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $992. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Avana TempeStudio - SophisticatedStudio,1BA$877
Sono TempeOlsenStudio,1BA$992
Sentry TempeSunrise2BR,1BA$1,007
Eastridge Apartments1x1 6001BR,1BA$1,025
StradaA11BR,1BA$1,099

Best Value Apartments for Rent in The Lakes, AZ

As of December 26, 2025 the best value apartment in the The Lakes area is the $1.42 price per square foot Monterey Model at Lakeview at the Bay in the in the South Phoenix neighborhood starting from $1,566. The second greatest value The Lakes apartment is the 3x2 R Model at The Lennox at Tempe starting at $1,695 with a $1.54 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.
Lakeview at the BayMonterey2BR,2BA$1.42
The Lennox at Tempe3x2 R3BR,2BA$1.54
CityScape at LakeshoreTwo Bedroom Two Bath Luxury B12BR,2BA$1.63
The Rev Apartment HomesB12BR,2BA$1.32
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.66
Sentry TempeSunrise2BR,1BA$1.18
La Estancia Apartment Homes1x11BR,1BA$1.66
909 WestThe Havasu - Premium Plus1BR,1BA$1.65
505 WestRillito1BR,1BA$1.60

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Quick Rent Budget Calculator

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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
The Lakes, Tempe, AZ

Ranked #50

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
The Lakes, Tempe, AZ

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 $1,261.

What is the price of a cheap apartment in The Lakes?

The cheapest apartment in The Lakes is Sono Tempe which is listed at $1,011, while the average apartment in The Lakes costs $2,178.

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 24 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 $176 which is $2,002 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

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!