Cheap Apartments for Rent in the The Lakes Neighborhood of Tempe, AZ from $700 (69 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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Eastridge Apartments
Rent Specials
$980 - $1,610
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $1,610
Total Monthly Price
$980 - $1,610
Studio to 2 Bedroom Apartments Available Now

Eastridge Apartments

1522 E Southern AveTempe, AZ 85282
Affordability
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Avana Tempe
Rent Specials
$1,065 - $7,138
Total Monthly Price

Total Monthly Price

Base Rent
$1,065 - $7,138
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Avana Tempe

30 W Carter DrTempe, AZ 85282
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Phoenix's Best Affordable Neighborhoods

Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett

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Highland Park
Rent Specials
$1,260 - $2,196
Total Monthly Price

Total Monthly Price

Base Rent
$1,260 - $2,196
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Highland Park

5038 S Hardy DrTempe, AZ 85282
Corporate Housing
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CityScape at Lakeshore
Rent Specials
$1,337 - $8,970
Total Monthly Price

Total Monthly Price

Base Rent
$1,337 - $8,970
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

CityScape at Lakeshore

4630 S Lakeshore DrTempe, AZ 85282
Corporate Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 903 E La Jolla Dr

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1 Bath Home for Rent

Available Now

903 E La Jolla Dr

TempeAZ85282
property at 3304 S Parkside Dr

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

3 Bedroom, 2 Bath Townhome for Rent

Available Now

3304 S Parkside Dr

TempeAZ85282
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Manhatton
1 Bedroom Apartments

Manhatton

1849 E Manhatton DrTempe, AZ 85282

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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Alexan Tempe
Studio to 3 Bedroom Apartments

Alexan Tempe

2160 E Baseline RdTempe, AZ 85282
Student Housing
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San Palmilla
1 to 3 Bedroom Apartments

San Palmilla

750 W Baseline RdTempe, AZ 85282
Student Housing

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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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 $861. 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$861
Sono TempeHarris1BR,1BA$990
Avana TempeStudio - SophisticatedStudio,1BA$1,030
Nines at LakesideKona ClassicStudio,1BA$1,099
Eastridge Apartments1x1 LR1BR,1BA$1,130
StradaA11BR,1BA$1,139
Mercury on MillReef - 2bed 1bath2BR,1BA$1,149
Cabana KyreneStudioStudio,1BA$1,200
Tempe Park Place ApartmentsHorizon1BR,1BA$1,225

Best Value Apartments for Rent in The Lakes, AZ

As of July 23, 2026 the best value apartment in the The Lakes area is the $1.65 price per square foot 3 Bed 2 Bath C R1 Model at Townhomes at Kyrene in the in the South Phoenix neighborhood starting from $2,249. The second greatest value The Lakes apartment is the 2 Beds, 2 Baths Model at Mistwood Condominium starting at $1,695 with a $1.41 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.
Townhomes at Kyrene3 Bed 2 Bath C R13BR,2BA$1.65
Mistwood Condominium2 Beds, 2 Baths2BR,2BA$1.41
Ovation at TempeTOWNHOUSE2BR,2.5BA$1.54
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.64
The Lennox at Tempe2x2 R2BR,2BA$1.67
505 WestSaguaro2BR,1BA$1.49
Highland Park2x1 Reno2BR,1BA$1.53
La Estancia Apartment Homes1x11BR,1BA$1.52
Mercury on MillReef - 2bed 1bath2BR,1BA$1.40

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 $3,833.

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 96 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 $1,002 which is $2,831 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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.