Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $700 (54 Rentals)

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

property at 1207 E Loyola Dr

$775 - $900

Total Monthly Price

Total Monthly Price

Base Rent
$775 - $900
Total Monthly Price
$775 - $900

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

1207 E Loyola Dr

TempeAZ85282
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Eastridge Apartments
Rent Specials
$855 - $1,710
Total Monthly Price

Total Monthly Price

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$855 - $1,710
Total Monthly Price
$855 - $1,710
Studio to 2 Bedroom Apartments Available Now

Eastridge Apartments

1522 E Southern AveTempe, AZ 85282
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Avana Tempe
Rent Specials
$958 - $6,707
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$958 - $6,707
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Studio to 2 Bedroom Apartments Available Now

Avana Tempe

30 W Carter DrTempe, AZ 85282
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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.

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Highland Park
Rent Specials
$1,214 - $1,877
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$1,214 - $1,877
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1 to 3 Bedroom Apartments Available Now

Highland Park

5038 S Hardy DrTempe, AZ 85282
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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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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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CityScape at Lakeshore
Rent Specials
$1,547 - $5,736
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$1,547 - $5,736
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1 to 3 Bedroom Apartments Available Now

CityScape at Lakeshore

4630 S Lakeshore DrTempe, AZ 85282
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Manhatton
1 Bedroom Apartments

Manhatton

1849 E Manhatton DrTempe, AZ 85282

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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Alexan Tempe
Studio to 3 Bedroom Apartments

Alexan Tempe

2160 E Baseline RdTempe, AZ 85282
Student Housing
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Moda Tempe
1 to 2 Bedroom Apartments

Moda Tempe

534-540 E Huntington DrTempe, AZ 85282
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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
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San Marquis
1 to 3 Bedroom Apartments

San Marquis

577-577 E BASELINE RdTempe, AZ 85283
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Granada Lakes
1 to 2 Bedroom Apartments

Granada Lakes

5701 S Rural RdTempe, AZ 85283
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San Palmilla
1 to 3 Bedroom Apartments

San Palmilla

750 W Baseline RdTempe, AZ 85282
Student Housing

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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Showing Results 1-50, Page 1 of 2

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 Manhatton priced from $750. Sentry Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Manhatton1/11BR,1BA$750
Sentry TempeKonaStudio,1BA$835
Eastridge ApartmentsStudioStudio,1BA$855
Sono TempeHarris1BR,1BA$940
Mercury on MillKona - 1bed 1bath1BR,1BA$999
Avana TempeStudio - SophisticatedStudio,1BA$1,033
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1,099
Nines at LakesideReef Classic1BR,1BA$1,179
StradaA11BR,1BA$1,184
Tempe Park Place ApartmentsHorizon1BR,1BA$1,225

Best Value Apartments for Rent in The Lakes, AZ

As of June 08, 2026 the best value apartment in the The Lakes area is the $1.34 price per square foot Havasu Model at 505 West in the in the South Phoenix neighborhood starting from $1,345. The second greatest value The Lakes apartment is the B1 Model at San Marino starting at $1,639 with a $1.72 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.
505 WestHavasu2BR,2BA$1.34
San MarinoB12BR,1BA$1.72
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.76
The Lennox at Tempe2x2 R2BR,2BA$1.67
Lakeview at the BayCarmel1BR,1BA$1.53
Highland Park2x1 Reno2BR,1BA$1.72
La Estancia Apartment Homes1x11BR,1BA$1.52
Sofia ApartmentsThe Athena (1x1)1BR,1BA$1.55
Mercury on MillKona - 1bed 1bath1BR,1BA$1.57

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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Real 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.

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Best Local Schools in
The Lakes, Tempe, AZ

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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!

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 $1,225.

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

The cheapest apartment in The Lakes is Manhatton which is listed at $750, while the average apartment in The Lakes costs $3,420.

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 63 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 $921 which is $2,499 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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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.