Cheap Apartments for Rent in the University Heights Neighborhood of Tempe, AZ from $600 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Heights area of Tempe.

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.

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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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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Aura Apache
Rent Specials
$1,462 - $2,928
Total Monthly Price

Total Monthly Price

Base Rent
$1,462 - $2,928
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Aura Apache

1820 E Apache BlvdTempe, AZ 85281
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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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property at 1436 S Terrace Rd

$1,495 - $1,595

Studio To 1 Bedroom Rentals

Available Now

1436 S Terrace Rd

TempeAZ85281
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Desert Willow Apartments
1 to 3 Bedroom Apartments

Desert Willow Apartments

1895-1901 E Don Carlos AveTempe, AZ 85281
  • Utilities Included
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Atrium
1 to 2 Bedroom Apartments

Atrium

1835 E Don Carlos AveTempe, AZ 85281
Student Housing
  • Utilities Included
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ASU Crossroads
Studio to 3 Bedroom Apartments

ASU Crossroads

1010-1044 E Orange StTempe, AZ 85281
  • Utilities Included
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Apache Lofts
Studio to 1 Bedroom Apartments

Apache Lofts

1617 E Apache BlvdTempe, AZ 85281
  • Utilities Included
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Suite 16
Studio Apartments

Suite 16

1402 S Terrace RdTempe, AZ 85281
Student Housing
  • Utilities Included

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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University Heights, Tempe, AZ Local Guide

Cheapest Available University Heights Apartments for Rent

 

The cheapest available apartment rental in the University Heights area of Phoenix, AZ is a Studio unit found at University Pointe Apartments priced from $899. Riviera Palms has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable University Heights apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
University Pointe ApartmentsStudioStudio,1BA$899
Riviera PalmsStudioStudio,1BA$899
Onnix ApartmentsJade - StudioStudio,1BA$931
Sago GardensTownhome2BR,1BA$950
Emerson ParkStudioStudio,1BA$970
Emerson Square1 Bed 1 Bath1BR,1BA$975
Tempe TerraceOne Bedroom Suite1BR,1BA$999
Spring Leaf Apartments1BR/1.0BA1BR,1BA$1,045
SoL2BR/2BA - Silver2BR,2BA$1,050
Paseo on University1 Bedroom Apartment Near ASU Tempe1BR,1BA$1,051

Best Value Apartments for Rent in University Heights, AZ

As of July 11, 2026 the best value apartment in the University Heights area is the $0.43 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $799. The second greatest value University Heights apartment is the D3 Model at Canvas starting at $1,249 with a $0.92 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for University Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts on 8th | Student HousingFurnished Townhome4BR,4.5BA$0.43
CanvasD34BR,4BA$0.92
The District on Apache3x3 Luxe3BR,3BA$0.89
Tempe Horizons2 Bed/2 Bath2BR,2BA$1.36
Nine20 TempeB12BR,2BA$1.26
SoL2BR/2BA - Platinum2BR,2BA$1.18
Sago GardensSingle Story2BR,1BA$1.21
The ApolloB22BR,2BA$1.46
The Heights on Lemon2 Bedrooms, 1 Bath2BR,1BA$1.35
Gateway at Tempe2x2 L Renovated2BR,2BA$1.26

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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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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Pet Friendly Lifestyle
University Heights, Tempe, AZ

Ranked #19

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap University Heights Apartments

What is a cheap apartment in University Heights?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Heights is under $1,051.

What is the price of a cheap apartment in University Heights?

The cheapest apartment in University Heights is Emerson Square which is listed at $975, while the average apartment in University Heights costs $1,694.

What types of apartments are the cheapest in University Heights?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 142 regular apartments in University Heights that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in University Heights?

Cheap apartments in University Heights have an average cost of $1,023 which is $671 cheaper than the average rent for all rentals in University Heights.

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.

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