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.

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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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.

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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.

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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 Sentry Tempe priced from $844. Sono Tempe has the second lowest priced unit, which is a 2 Beds apartment currently listed from $916. Here are the most affordable The Lakes apartments for rent in Tempe, AZ:

Apartment ListingModel NameBed/BathPriced From
Sentry TempeReef1BR,1BA$844
Sono TempeDraper2BR,2BA$916
Avana TempeStudio - SophisticatedStudio,1BA$1,020
Tempe Park PlaceHorizon1BR,1BA$1,020
505 WestRillito1BR,1BA$1,055

Best Value Apartments for Rent in The Lakes, AZ

As of October 03, 2025 the best value apartment in the The Lakes area is the $1.64 price per square foot 3x2 R Model at The Lennox at Tempe in the in the South Phoenix neighborhood starting from $1,800. The second greatest value The Lakes apartment is the San Marcos Model at Lakeview at the Bay starting at $1,484 with a $1.49 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.
The Lennox at Tempe3x2 R3BR,2BA$1.64
Lakeview at the BaySan Marcos2BR,2BA$1.49
525-539 W Pebble Beach2 Beds, 1 bath2BR,1BA$1.42
San PalmillaOne Bedroom/One Bath1BR,1BA$1.74
Sentry TempeSunset2BR,2BA$1.36
505 WestSaguaro2BR,1BA$1.51
Highland Park2x1 Reno2BR,1BA$1.64
La Estancia Apartment Homes1x11BR,1BA$1.72
Sofia ApartmentsThe Bronte (2x1)2BR,1BA$1.61
Tempe Park PlaceHorizon1BR,1BA$1.62

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
The Lakes, Tempe, AZ

Ranked #50

Among cities in Arizona for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 60 Apartments for Rent in The Lakes, AZ with pricing that ranges from $871 to $4,486. There are also 140 Single Family Homes for rent, Condos, and Townhome rentals currently available in The Lakes ranging from $725 to $8,000.

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 $725 to $8,000 with an average monthly rent of $2,607.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.