712 W Manhatton Dr
TempeAZ85282
Cheap Homes for Rent in the The Lakes Neighborhood of Tempe, AZ from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the The Lakes area of Tempe.
328 E Dunbar Dr
TempeAZ85282
3300 S Terrace Rd
TempeAZ85282
200 E Southern Ave, Unit 231
200 E Southern Ave
TempeAZ85282
200 E Southern Ave
TempeAZ85282
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
313 E Riviera Dr
TempeAZ85282
3031 S Rural Rd
TempeAZ85282
1143 E Sandpiper Dr
TempeAZ85283
1153 E Vaughn St
TempeAZ85283
313 E Riviera Dr
TempeAZ85282
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.
Showing Results 1-10, Page 1 of 1
The Lakes, Tempe, AZ Local Guide
How much does it cost to rent a home in The Lakes?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Lakes 2 Bedroom Homes for Rent | $1,900 | $1,495 | $2,999 |
| The Lakes 3 Bedroom Homes for Rent | $2,594 | $1,695 | $6,495 |
| The Lakes 4 Bedroom Homes for Rent | $3,322 | $2,075 | $8,500 |
| The Lakes 5 Bedroom Homes for Rent | $3,900 | $2,990 | $5,000 |
| The Lakes 6 Bedroom Homes for Rent | $1,918 | $725 | $3,699 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the The Lakes Neighborhood of Tempe, AZ.
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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 1 Bed unit found at Manhatton priced from $750. Sono Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $867. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Manhatton | 1/1 | 1BR,1BA | $750 |
| Sono Tempe | Olsen | Studio,1BA | $867 |
| Sentry Tempe | Kona | Studio,1BA | $917 |
Best Value Apartments for Rent in The Lakes, AZ
As of September 07, 2026 the best value apartment in the The Lakes area is the $1.41 price per square foot 2 Beds, 2 Baths Model at Mistwood Condominium in the in the South Phoenix neighborhood starting from $1,695. The second greatest value The Lakes apartment is the B1 Model at San Marino starting at $1,579 with a $1.66 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. |
|---|---|---|---|
| Mistwood Condominium | 2 Beds, 2 Baths | 2BR,2BA | $1.41 |
| San Marino | B1 | 2BR,1BA | $1.66 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| San Palmilla | A1 | 1BR,1BA | $1.66 |
| Lakeview at the Bay | Malibu | 1BR,1BA | $1.62 |
| La Estancia Apartment Homes | 1x1 | 1BR,1BA | $1.65 |
| 909 West | The Red Rock - Premium Plus | 1BR,1BA | $1.55 |
| 505 West | Rillito | 1BR,1BA | $1.51 |
| Sofia Apartments | The Athena (1x1) | 1BR,1BA | $1.69 |
| Mercury on Mill | Kona - 1bed 1bath | 1BR,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.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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
Fees College Preparatory Middle School
Tempe School District
Public School - Grades 6-8 (645)
2 out of 10
School data provided by Great Schools
Frequently Asked Questions about The Lakes
What type of rentals are currently available in The Lakes?
There are currently 63 Apartments for Rent in The Lakes, AZ with pricing that ranges from $867 to $10,066. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $600 to $8,500.
What is the current price range for Rental Homes in The Lakes?
Today's rental pricing for Homes for Rent, Condos and Townhomes in The Lakes ranges from $600 to $8,500 with an average monthly rent of $2,750.
How much are larger Three and Four Bedroom Rentals in The Lakes?
For those who are looking for larger living arrangements, Three Bedroom Apartments in The Lakes range from $1,715 to $10,066, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,075 and Four Bedroom Apartments start at $2,395.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.