1207 E Loyola Dr
TempeAZ85282
Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the The Lakes area of Tempe.
804 W Colgate Dr
TempeAZ85283
313 E Riviera Dr
TempeAZ85282
200 E Southern Ave, Unit 155
200 E Southern Ave
TempeAZ85282
313 E Riviera Dr
TempeAZ85282
200 E Southern Ave
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.
200 E Southern Ave, Unit 148
200 E Southern Ave
TempeAZ85282
313 E Riviera Dr
TempeAZ85282
1402 E Guadalupe Rd
TempeAZ85283
1017 E Redfield Rd
TempeAZ85283
2338 W Lindner Ave
MesaAZ85202
6523 S La Corta Dr
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.
Showing Results 1-12, 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 | $1,984 | $1,545 | $2,550 |
| The Lakes 3 Bedroom Homes for Rent | $2,802 | $1,795 | $6,495 |
| The Lakes 4 Bedroom Homes for Rent | $3,170 | $2,350 | $5,200 |
| The Lakes 5 Bedroom Homes for Rent | $3,960 | $2,850 | $5,650 |
| The Lakes 6 Bedroom Homes for Rent | $4,297 | $3,495 | $4,700 |
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 12 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. Sentry Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $835. 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 |
| Sentry Tempe | Kona | Studio,1BA | $835 |
| Eastridge Apartments | Studio | Studio,1BA | $855 |
| Sono Tempe | Harris | 1BR,1BA | $940 |
| Mercury on Mill | Kona - 1bed 1bath | 1BR,1BA | $999 |
Best Value Apartments for Rent in The Lakes, AZ
As of June 08, 2026 the best value apartment in the The Lakes area is the $1.34 price per square foot Havasu Model at 505 West in the in the South Phoenix neighborhood starting from $1,345. The second greatest value The Lakes apartment is the B1 Model at San Marino starting at $1,639 with a $1.72 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. |
|---|---|---|---|
| 505 West | Havasu | 2BR,2BA | $1.34 |
| San Marino | B1 | 2BR,1BA | $1.72 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| San Palmilla | One Bedroom/One Bath | 1BR,1BA | $1.76 |
| The Lennox at Tempe | 2x2 R | 2BR,2BA | $1.67 |
| Lakeview at the Bay | Carmel | 1BR,1BA | $1.53 |
| Highland Park | 2x1 Reno | 2BR,1BA | $1.72 |
| La Estancia Apartment Homes | 1x1 | 1BR,1BA | $1.52 |
| Sofia Apartments | The Athena (1x1) | 1BR,1BA | $1.55 |
| 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
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.
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 61 Apartments for Rent in The Lakes, AZ with pricing that ranges from $835 to $9,364. There are also 112 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $775 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 $775 to $6,495 with an average monthly rent of $2,922.
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 $9,364, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $3,200.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.