Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $700 (18 Rentals)

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

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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 Tempe Park Place priced from $1,020. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $1,049. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Tempe Park PlaceHorizon1BR,1BA$1,020
Avana TempeStudio - SophisticatedStudio,1BA$1,049
Sono TempeCampbell1BR,1BA$1,086
Sentry TempeReef1BR,1BA$1,160
Sofia ApartmentsThe Athena (1x1)1BR,1BA$1,175

Best Value Apartments for Rent in The Lakes, AZ

As of July 31, 2025 the best value apartment in the The Lakes area is the $1.49 price per square foot San Marcos Model at Lakeview at the Bay in the in the South Phoenix neighborhood starting from $1,484. The second greatest value The Lakes apartment is the B1 Model at San Marino starting at $1,619 with a $1.70 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.
Lakeview at the BaySan Marcos2BR,2BA$1.49
San MarinoB12BR,1BA$1.70
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.60
La Estancia Apartment Homes1x11BR,1BA$1.72
Mercury on MillReef - 2bed 1bath2BR,1BA$1.58
909 WestThe Havasu - Premium Plus1BR,1BA$1.69
Sofia ApartmentsThe Athena (1x1)1BR,1BA$1.65
Sono TempeCampbell1BR,1BA$1.64
Tempe Park PlaceHorizon1BR,1BA$1.62

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Frequently Asked Questions about The Lakes

What type of rentals are currently available in The Lakes?

There are currently 59 Apartments for Rent in The Lakes, AZ with pricing that ranges from $872 to $6,629. There are also 126 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $700 to $7,000.

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 $700 to $7,000 with an average monthly rent of $2,512.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.