Cheap Homes for Rent in The Lakes Neighborhood of Tempe, AZ from $700 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article
property at 6625 S Granada Dr

6625 S Granada Dr

TempeAZ85283

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.

Read Article

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.

Read Article
Showing Results 1-17, 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 Sono Tempe priced from $929. Tempe Park Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,020. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sono TempeOlsenStudio,1BA$929
Tempe Park PlaceHorizon1BR,1BA$1,020
Sentry TempeKonaStudio,1BA$1,049
Avana TempeStudio - SophisticatedStudio,1BA$1,057
The Rev Apartment HomesS1Studio,1BA$1,161

Best Value Apartments for Rent in The Lakes, AZ

As of June 13, 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 $1,679 with a $1.76 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$1.76
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
The Lennox at Tempe2x2 C2BR,2BA$1.71
La Estancia Apartment Homes1x11BR,1BA$1.54
Beautiful Boutique CommunityLa Rosa in Tempe - 2x1 + HUGE BACKYARD!2BR,1BA$1.83
909 WestThe Havasu - Premium Plus1BR,1BA$1.78
505 WestRillito1BR,1BA$1.74
Highland Park1x1 Reno1BR,1BA$1.87
Tempe Park PlaceHorizon1BR,1BA$1.62

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.

decorative image of people with a giant lease agreement

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 $928 to $8,316. There are also 126 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $800 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 $800 to $7,000 with an average monthly rent of $2,792.

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 $1,889 to $8,316, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,200.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.