343 W Santa Cruz Dr
TempeAZ85282
Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $1,000 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the The Lakes area of Tempe.
200 E Southern Ave
TempeAZ85282
1402 E Guadalupe Rd
TempeAZ85283
633 W Southern Ave
TempeAZ85282
1609 E Ellis Dr
TempeAZ85282
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.
314 E Malibu Dr
TempeAZ85282
1943 S Alta Vista Cir
MesaAZ85202
3304 S Parkside Dr
TempeAZ85282
4808 S Juniper St
TempeAZ85282
320 E Orion St
TempeAZ85283
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.
2130 E Radcliffe Dr
TempeAZ85283
1726 E Baker Dr
TempeAZ85282
3340 S Parkside Dr, Unit Cozy Condo, Unit Cozy Condo
3340 S Parkside Dr
TempeAZ85282
204 E Duke Dr
TempeAZ85283
1976 E Del Sur Dr
TempeAZ85283
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.
510 W Julie Dr
TempeAZ85283
575 W Westchester Ave
TempeAZ85283
Showing Results 1-17, 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 | $1,847 | $1,545 | $2,195 |
| The Lakes 3 Bedroom Homes for Rent | $2,879 | $1,900 | $5,000 |
| The Lakes 4 Bedroom Homes for Rent | $3,296 | $2,335 | $5,200 |
| The Lakes 5 Bedroom Homes for Rent | $4,144 | $2,695 | $6,300 |
| The Lakes 6 Bedroom Homes for Rent | $4,657 | $3,695 | $5,195 |
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 17 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 Studio unit found at Sentry Tempe priced from $913. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $923. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $913 |
| Avana Tempe | Studio - Classic | Studio,1BA | $923 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $1,000 |
| 505 West | Rillito | 1BR,1BA | $1,020 |
| Sono Tempe | Harris | 1BR,1BA | $1,044 |
Best Value Apartments for Rent in The Lakes, AZ
As of April 24, 2026 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 $2,129. The second greatest value The Lakes apartment is the Two Bedroom/Two Bath Model at San Palmilla starting at $1,870 with a $1.57 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. |
|---|---|---|---|
| San Marino | C1 | 3BR,2BA | $1.62 |
| San Palmilla | Two Bedroom/Two Bath | 2BR,2BA | $1.57 |
| Lakeview at the Bay | Monterey | 2BR,2BA | $1.43 |
| Shoreline at the Lakes | B3 | 2BR,2BA | $1.63 |
| The Rev Apartment Homes | B1 | 2BR,2BA | $1.46 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Mercury on Mill | Sunrise - 2bed 2bath | 2BR,2BA | $1.70 |
| Sofia Apartments | The Calla (2x2) | 2BR,2BA | $1.46 |
| 505 West | Rillito | 1BR,1BA | $1.42 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1.54 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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
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 60 Apartments for Rent in The Lakes, AZ with pricing that ranges from $895 to $5,800. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $1,000 to $6,300.
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 $1,000 to $6,300 with an average monthly rent of $2,978.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.