1630 E 12th St
TempeAZ85281
Cheap Homes for Rent in University Heights Neighborhood of Tempe, AZ from $800 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the University Heights area of Tempe.
1111 E University Dr, Unit #237
1111 E University Dr
TempeAZ85288
1630 E 12th St
TempeAZ85281
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.
1215 E Lemon St, Unit Lemon L
1215 E Lemon St
TempeAZ85281
1415 S Terrace Rd
TempeAZ85281
1978 E Don Carlos
TempeAZ85281
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.
1325 E Don Carlos Ave
TempeAZ85281
Showing Results 1-7, Page 1 of 1
University Heights, Tempe, AZ Local Guide
How much does it cost to rent a home in University Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Heights 2 Bedroom Homes for Rent | $1,706 | $1,195 | $2,600 |
| University Heights 3 Bedroom Homes for Rent | $3,043 | $1,000 | $10,000+ |
| University Heights 4 Bedroom Homes for Rent | $2,450 | $2,450 | $2,450 |
| University Heights 5 Bedroom Homes for Rent | $4,663 | $3,495 | $6,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the University Heights Neighborhood of Tempe, AZ.
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University Heights, Tempe, AZ Local Guide
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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. University Pointe Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Atrium | 1x1 | 1BR,1BA | $850 |
| University Pointe Apartments | Studio | Studio,1BA | $899 |
| Riviera Palms | Studio | Studio,1BA | $899 |
Best Value Apartments for Rent in University Heights, AZ
As of June 08, 2026 the best value apartment in the University Heights area is the $0.48 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $899. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.48 |
| Canvas | D3 | 4BR,4BA | $0.92 |
| The District on Apache | 3x3 Luxe | 3BR,3BA | $1.02 |
| Tempe Horizons | 2 Bed/2 Bath | 2BR,2BA | $1.36 |
| SoL | 2BR/2BA - Platinum Deluxe | 2BR,2BA | $1.21 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.41 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| Ascent on Spence | Plan A | 2BR,2BA | $1.11 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.41 |
| Gateway at Tempe | 2x2 L Renovated | 2BR,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.
Read Article
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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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.
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Pet Friendly LifestyleUniversity Heights, Tempe, AZ
Ranked #25
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about University Heights
What type of rentals are currently available in University Heights?
There are currently 157 Apartments for Rent in University Heights, AZ with pricing that ranges from $725 to $3,365. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Heights ranging from $850 to $11,000.
What is the current price range for Rental Homes in University Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Heights ranges from $850 to $11,000 with an average monthly rent of $2,569.
How much are larger Three and Four Bedroom Rentals in University Heights?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Heights range from $775 to $3,099, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $11,000. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $725.
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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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.