Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $800 (34 Rentals)

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

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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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.

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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.

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Ovation at Tempe
1 to 2 Bedroom Apartments

Ovation at Tempe

4505-4505 S Hardy DrTempe, 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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The Lennox at Tempe
2 to 3 Bedroom Apartments

The Lennox at Tempe

1655 E Southern AveTempe, AZ 85282
Student Housing
Showing Results 1-34, Page 1 of 1

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 1 Bed unit found at Sentry Tempe priced from $868. Sono Tempe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $897. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeReef1BR,1BA$868
Sono TempeCooper2BR,1BA$897
Avana TempeStudio - SophisticatedStudio,1BA$969
Tempe Park PlaceHorizon1BR,1BA$1,020
StradaA21BR,1BA$1,059
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1,099
Highland Park1x1 Reno1BR,1BA$1,171
Eastridge Apartments2x1 8002BR,1BA$1,175
Nines at LakesideKona- RenovatedStudio,1BA$1,199
Mercury on MillReef - 2bed 1bath2BR,1BA$1,199

Best Value Apartments for Rent in The Lakes, AZ

As of November 21, 2025 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 $2,139. The second greatest value The Lakes apartment is the The Fray - Premium Plus Model at 909 West starting at $1,675 with a $1.34 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.
San MarinoC13BR,2BA$1.62
909 WestThe Fray - Premium Plus3BR,2BA$1.34
The Enclave Apartment HomesC13BR,2BA$1.49
Lakeview at the BayMonterey2BR,2BA$1.42
The Lennox at Tempe3x2 R3BR,2BA$1.64
505 WestHavasu2BR,2BA$1.36
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
Highland Park2x1 Reno2BR,1BA$1.69
La Estancia Apartment Homes1x11BR,1BA$1.66
Tempe Park PlaceHorizon1BR,1BA$1.62

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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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!

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $931.

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

The lowest price for a Cheap One Bedroom The Lakes Apartment is $868 at Sentry Tempe.

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 $897 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 909 West and starts from $1,675.

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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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! 

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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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.