Cheap Apartments for Rent in the University Heights Neighborhood of Tempe, AZ from $700 (61 Rentals)

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

property at 1415 S Terrace Rd

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 3.5 Bath Home for Rent

Available May 31

1415 S Terrace Rd

TempeAZ85281

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Rent Specials
$1,353 - $2,811
Total Monthly Price

Total Monthly Price

Base Rent
$1,353 - $2,811
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Vero

651 E 6th StTempe, AZ 85281
Furnished
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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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The Atrium
1 to 2 Bedroom Apartments

The 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

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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Suite 16
Studio Apartments

Suite 16

1402 S Terrace RdTempe, AZ 85281
Student Housing
  • Utilities Included
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Riviera Palms
Studio to 2 Bedroom Apartments

Riviera Palms

914 E Lemon StTempe, AZ 85281
Student Housing
  • Utilities Included
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Valor on Eighth
1 to 3 Bedroom Apartments

Valor on Eighth

1001 E 8th StTempe, AZ 85281
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George Ann
Studio to 2 Bedroom Apartments

George Ann

1122 E Lemon StTempe, AZ 85281
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Hayden Terrace
Studio to 2 Bedroom Apartments

Hayden Terrace

1925 E Hayden LnTempe, AZ 85281
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Cortez Palms Apartments
Studio to 3 Bedroom Apartments

Cortez Palms Apartments

1031 E Lemon StTempe, AZ 85281
Student Housing
  • Utilities Included
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University Park
Studio to 2 Bedroom Apartments

University Park

1015 E University DrTempe, AZ 85281

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.

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Showing Results 1-50, Page 1 of 2

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 1 Bed unit found at The Atrium priced from $850. Spring Leaf Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable University Heights apartments for rent in Phoenix, AZ:

Apartment ListingModel NameBed/BathPriced From
The Atrium1x11BR,1BA$850
Spring Leaf Apartments1BR/1.0BA1BR,1BA$895
University Pointe ApartmentsStudioStudio,1BA$899
Riviera PalmsStudioStudio,1BA$899
Onnix ApartmentsJade - StudioStudio,1BA$931
Sago GardensTownhome2BR,1BA$950
Tempe TerraceOne Bedroom Suite1BR,1BA$999
The Regency Apartment HomesStudioStudio,1BA$999
Thrive Tempe Apartments1x11BR,1BA$999
1433 S Kenneth PlTwo Bedroom/One Bath2BR,1BA$1,095

Best Value Apartments for Rent in University Heights, AZ

As of May 27, 2026 the best value apartment in the University Heights area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. 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$0.53
CanvasD34BR,4BA$0.92
The District on Apache3x3 Luxe3BR,3BA$1.02
Tempe Horizons2 Bed/2 Bath2BR,2BA$1.36
Thrive Tempe Apartments2x2L2BR,2BA$1.45
Nine20 TempeB12BR,2BA$1.41
Sago GardensSingle Story2BR,1BA$1.21
Ascent on SpencePlan C2BR,2BA$1.42
The Heights on Lemon2 Bedrooms, 1 Bath2BR,1BA$1.39
Gateway at Tempe2x2 L Renovated2BR,2BA$1.24

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 #20

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

Pet Friendliness Lifestyle Score

3.5
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 $1,095.

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

The cheapest apartment in University Heights is The Atrium which is listed at $850, while the average apartment in University Heights costs $1,910.

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 172 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 $1,138 which is $772 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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