Cheap Homes for Rent in the The Lakes Neighborhood of Tempe, AZ from $700 (25 Rentals)

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

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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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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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

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 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

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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Showing Results 1-25, 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 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

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

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 $861 to $10,066. There are also 135 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $750 to $6,495.

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 $750 to $6,495 with an average monthly rent of $2,891.

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 $1,800 to $10,066, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $3,833.

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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.