820 W 9th St
TempeAZ85281
Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $600 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.
419 W 13th St
TempeAZ85281
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from $899Studio to 2 Bedroom Apartments Available Now
University Pointe Apartments
919 E Lemon StTempe, AZ 85281
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from $9001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
600 S Roosevelt St
TempeAZ85281
625 E Broadway Rd
TempeAZ85282
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2012 S Granada Dr
TempeAZ85282
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from $1,0952 Bedroom Apartments Available Now
1433 S Kenneth Pl
1433 S Kenneth PlTempe, AZ 85281
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from $1,099Studio to 2 Bedroom Apartments Available Now
Parq on 5th
805 W Brown StTempe, AZ 85281
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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from $1,109Studio to 2 Bedroom Apartments Available Now
Paseo on University
1255 E University DrTempe, AZ 85281
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from $1,155Studio to 3 Bedroom Apartments Available Now
Agave
1718 S Jentilly LnTempe, AZ 85281
700 W University Dr
TempeAZ85281
604 S Roosevelt St
TempeAZ85281
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from $1,2301 to 3 Bedroom Apartments Available Now
IMT Desert Palm Village
1215 E Vista Del Cerro DrTempe, AZ 85281
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from $1,2501 to 3 Bedroom Apartments Available Now
Westmount at Downtown Tempe
615 S Hardy DrTempe, AZ 85281
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from $1,2501 to 2 Bedroom Apartments Available Now
Tempe Terrace
1130 E Orange StTempe, AZ 85281
2309 S College Ave
TempeAZ85282
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from $1,3251 to 2 Bedroom Apartments Available Now
The Heights on Lemon
1224 E Lemon StTempe, 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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from $1,344Studio to 2 Bedroom Apartments Available Now
Array on Apache
1100 E Apache BlvdTempe, AZ 85281
113 W Broadway Rd
TempeAZ85282
615 S Hardy Dr
TempeAZ85281
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from $1,374Studio to 3 Bedroom Apartments Available Now
Nexa
1205-1221 E Apache BlvdTempe, AZ 85281
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from $1,4002 Bedroom Apartments Available Now
Sago Gardens
1015 S Stanley PlTempe, AZ 85281
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from $1,4001 to 2 Bedroom Apartments Available Now
Decco 109
109 E Broadway RdTempe, AZ 85282
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from $1,559Studio to 3 Bedroom Apartments Available Now
NOVO Broadway Apartments
711 W Broadway RdTempe, AZ 85282
1436 S Terrace Rd
TempeAZ85281
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.
850 W 9th St
TempeAZ85281
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from $1,599Studio to 4 Bedroom Apartments Available Now
West 6th
115 W 6th StTempe, AZ 85281
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
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University Park, Tempe, AZ Local Guide
How much does it cost to rent an apartment in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park Studio Apartments | $1,570 | $699 | $2,825 |
| University Park 1 Bedroom Apartments | $1,788 | $900 | $2,578 |
| University Park 2 Bedroom Apartments | $2,054 | $1,095 | $4,950 |
| University Park 3 Bedroom Apartments | $2,445 | $1,004 | $5,782 |
| University Park 4 Bedroom Apartments | $1,446 | $799 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 1 mile radius of the University Park Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
University Park, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
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Cheapest Available University Park Apartments for Rent
The cheapest available apartment rental in the University Park area of Phoenix, AZ is a Studio unit found at University Pointe Apartments priced from $899. Axio Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable University Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Pointe Apartments | Studio | Studio,1BA | $899 |
| Axio Apartments | 1x1 | 1BR,1BA | $900 |
| Studio 710 Apartments | Small Studio- Upgraded | Studio,1BA | $1,020 |
| 1433 S Kenneth Pl | Two Bedroom/One Bath | 2BR,1BA | $1,095 |
| Parq on 5th | Studio | Studio,1BA | $1,099 |
| Paseo on University | Studio Apartments Near ASU | Studio,1BA | $1,109 |
| University Valley Apartments | Private Studio: Fall 2025 PRE-Lease APPLY NOW! ... | Studio,1BA | $1,150 |
| Agave | Verde | 1BR,1BA | $1,155 |
| The Vintage on College | 1x1 Remodeled W/D | 1BR,1BA | $1,195 |
| Canvas | DTH2 | 4BR,4BA | $1,239 |
Best Value Apartments for Rent in University Park, AZ
As of June 09, 2025 the best value apartment in the University Park area is the $1.67 price per square foot 3 Bedroom 3.5 Bath Model at The Place On Jentilly in the in the Downtown Tempe neighborhood starting from $2,750. The second greatest value University Park apartment is the 2x2.5 Standard Garage Model at Roosevelt Luxury Townhomes starting at $2,700 with a $1.72 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for University Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Place On Jentilly | 3 Bedroom 3.5 Bath | 3BR,3.5BA | $1.67 |
| Roosevelt Luxury Townhomes | 2x2.5 Standard Garage | 2BR,2.5BA | $1.72 |
| IMT Desert Palm Village | 2B | 2BR,2BA | $1.66 |
| Sago Gardens | Townhome | 2BR,1BA | $1.58 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.42 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.39 |
| University Park | Two Bedroom Two Bathroom | 2BR,2BA | $1.70 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.56 |
| 1433 S Kenneth Pl | Two Bedroom/One Bath | 2BR,1BA | $1.68 |
| Axio Apartments | 1x1 | 1BR,1BA | $1.73 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #31
Among neighborhoods in Tempe, AZ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in University Park, Tempe, AZ
McKemy Academy of International Studies
Tempe School District
Public School - Grades 6-8 (334)
7 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap University Park Apartments
What is a cheap apartment in University Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Park is under $1,239.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Axio Apartments which is listed at $900, while the average apartment in University Park costs $1,986.
What types of apartments are the cheapest in University Park?
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 192 regular apartments in University Park 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 Park?
Cheap apartments in University Park have an average cost of $675 which is $1,311 cheaper than the average rent for all rentals in University Park.
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.
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
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.
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.
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.