Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $1,000 (26 Rentals)

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

property at 1522 E Southern Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

1522 E Southern Ave

TempeAZ85282
property at 1522 E Southern Ave

$1,161

Total Monthly Price

Total Monthly Price

Base Rent
$1,161
Total Monthly Price
$1,161

Studio, 1 Bath Condo for Rent

Available Now

1522 E Southern Ave

TempeAZ85282
property at 1522 E Southern Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

2 Bedroom, 2 Bath Condo for Rent

Available Now

1522 E Southern Ave

TempeAZ85282
property at 143 E Riviera Dr

$1,499

Total Monthly Price

Total Monthly Price

Base Rent
$1,499
Total Monthly Price
$1,499

1 Bedroom, 1 Bath Home for Rent

Available Now

143 E Riviera Dr

TempeAZ85282

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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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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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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-26, 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 Studio unit found at Sentry Tempe priced from $915. Lakeview at the Bay has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeKonaStudio,1BA$915
Lakeview at the BayLaJolla1BR,2BA$950
Nines at LakesideKona ClassicStudio,1BA$1,025
Sono TempeCooper2BR,1BA$1,028
Eastridge Apartments1x1 6001BR,1BA$1,050
The Rev Apartment HomesS1Studio,1BA$1,098
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1,099
StradaA11BR,1BA$1,099
Avana TempeStudio - SophisticatedStudio,1BA$1,161
Mercury on MillSunrise - 2bed 2bath2BR,2BA$1,299

Best Value Apartments for Rent in The Lakes, AZ

As of March 10, 2026 the best value apartment in the The Lakes area is the $1.77 price per square foot C2 Model at Shoreline at the Lakes in the in the South Phoenix neighborhood starting from $2,100. The second greatest value The Lakes apartment is the 2X2-1182 Model at San Marquis starting at $1,884 with a $1.59 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.
Shoreline at the LakesC23BR,2BA$1.77
San Marquis2X2-11822BR,2BA$1.59
Townhomes at Kyrene2 Bed 2 Bath2BR,2BA$1.69
505 WestHavasu2BR,2BA$1.31
San MarinoB12BR,1BA$1.72
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.70
Lakeview at the BayMalibu1BR,1BA$1.50
La Estancia Apartment Homes1x11BR,1BA$1.74
Mercury on MillReef - 2bed 1bath2BR,1BA$1.69

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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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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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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Best Local Schools in
The Lakes, Tempe, AZ

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 61 Apartments for Rent in The Lakes, AZ with pricing that ranges from $841 to $4,697. There are also 141 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $1,050 to $6,350.

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 $1,050 to $6,350 with an average monthly rent of $2,912.

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.