820 W 9th St
TempeAZ85281
Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $700 (87 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.
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$899 - $1,499Studio to 2 Bedroom Apartments Available Now
University Pointe Apartments
919 E Lemon StTempe, AZ 85281
1409 S Mill Ave
TempeAZ85281
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$933 - $2,910Studio to 2 Bedroom Apartments Available Now
Paseo on University
1255 E University DrTempe, AZ 85281
907 E Broadmor Dr, Unit Room #1 Twin
907 E Broadmor Dr
TempeAZ85282
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$950 - $1,1252 Bedroom Apartments Available Now
Sago Gardens
1015 S Stanley PlTempe, AZ 85281
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$999 - $2,1951 to 4 Bedroom Apartments Available Now
VERVE Tempe
1011 E Orange StTempe, AZ 85281
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
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$1,044 - $1,815
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,044 - $1,815
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Westmount at Downtown Tempe Apartments
615 S Hardy DrTempe, AZ 85281
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$1,0451 Bedroom Apartments Available Now
Spring Leaf Apartments
1433 S Stanley PlTempe, AZ 85281
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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$1,050
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1 Bedroom Apartment Available Sep 1Total Monthly Price
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$1,050
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$1,050
524 W Howe St, Unit 524
524 W Howe StTempe, AZ 85281
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$1,095 - $1,5002 Bedroom Apartments Available Now
1433 S Kenneth Pl
1433 S Kenneth PlTempe, AZ 85281
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$1,099 - $1,4491 to 2 Bedroom Apartments Available Now
Thrive Tempe Apartments
1137 E Orange StTempe, AZ 85281
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$1,100 - $1,220Studio Apartments Available Sep 11
Studio 710 Apartments
710 S Hardy DrTempe, AZ 85281
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$1,100 - $2,198Studio to 3 Bedroom Apartments Available Aug 24
Agave
1718 S Jentilly LnTempe, AZ 85281
1200 S Farmer Ave
TempeAZ85281
722 E Encanto Dr
TempeAZ85281
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$1,130 - $1,5001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
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$1,150 - $1,5501 to 2 Bedroom Apartments Available Now
The Heights on Lemon
1224 E Lemon StTempe, AZ 85281
1008 S Mariana St
TempeAZ85281
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,177 - $1,669
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,177 - $1,669
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Parq on 5th
805 W Brown StTempe, AZ 85281
1310 S Hardy Dr
TempeAZ85281
407 W Howe St
TempeAZ85281
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$1,253 - $2,093
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,253 - $2,093
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IMT Desert Palm Village
1215 E Vista Del Cerro DrTempe, AZ 85281
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$1,299 - $1,6191 to 2 Bedroom Apartments Available Now
Aria on Mill
2430 S Mill AveTempe, AZ 85282
113 W Broadway Rd
TempeAZ85282
731 W University Dr
TempeAZ85281
504 W Brown St
TempeAZ85281
1134 S Roosevelt St
TempeAZ85281
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$1,300
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2 Bedroom Apartment Available NowTotal Monthly Price
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$1,300
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$1,300
336 S Roosevelt St, Unit 2
336 S Roosevelt StTempe, AZ 85281
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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$1,344 - $1,830Studio to 2 Bedroom Apartments Available Now
Array on Apache
1100 E Apache BlvdTempe, AZ 85281
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$1,350
Total Monthly Price
2 Bedroom Apartment Available Aug 15Total Monthly Price
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$1,350
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$1,350
2123 S Hu Esta Dr, Unit East
2123 S Hu Esta DrTempe, AZ 85282
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$1,375 - $2,975Studio to 3 Bedroom Apartments Available Now
Nexa
1205-1221 E Apache BlvdTempe, AZ 85281
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$1,3952 Bedroom Apartments Available Now
Tempe Horizons
1117 E 8th StTempe, AZ 85281
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$1,395 - $2,9002 Bedroom Apartments Available Now
The Rockford
1207 E 8th StTempe, AZ 85281
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$1,415 - $2,435Studio to 3 Bedroom Apartments Available Now
The Hyve
1260 E University DrTempe, AZ 85281
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$1,434
Total Monthly Price
2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,434
Total Monthly Price
$1,434
West 5th
601 W 5th StTempe, AZ 85281
1436 Ter
TempeAZ85281
510 W University Dr
TempeAZ85281
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$1,499 - $3,080Studio to 2 Bedroom Apartments Available Now
Hudson on Farmer
707 S Farmer AveTempe, AZ 85281
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
505 W Howe St
TempeAZ85281
2610 S Ventura Dr
TempeAZ85282
521 W 5th St
TempeAZ85281
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Studio to 2 Bedroom Apartments
Sonoran Ridge Apartments
1205 E Apache BlvdTempe, AZ 85281
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Studio to 3 Bedroom Apartments
ASU Crossroads
1010-1044 E Orange StTempe, AZ 85281
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Studio to 2 Bedroom Apartments
Riviera Palms
914 E Lemon StTempe, AZ 85281
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Studio to 3 Bedroom Apartments
Cortez Palms Apartments
1031 E Lemon StTempe, AZ 85281
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Studio Apartments
Suite 16
1402 S Terrace RdTempe, AZ 85281
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1 to 2 Bedroom Apartments
Encore on Farmer
601 S Farmer AveTempe, AZ 85281
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1 Bedroom Apartments
Plaza East
807 W 3rd StTempe, AZ 85281
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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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 | $1,488 | $899 | $1,885 |
| University Park 1 Bedroom Apartments | $1,509 | $933 | $6,334 |
| University Park 2 Bedroom Apartments | $1,752 | $1,050 | $4,826 |
| University Park 3 Bedroom Apartments | $2,344 | $956 | $5,875 |
| University Park 4 Bedroom Apartments | $1,380 | $799 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 87 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
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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. Riviera Palms has the second lowest priced unit, which is a Studio apartment currently listed from $899. 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 |
| Riviera Palms | Studio | Studio,1BA | $899 |
| Paseo on University | 1 Bedroom Apartment Near ASU Tempe | 1BR,1BA | $933 |
| Sago Gardens | Townhome | 2BR,1BA | $950 |
| Tempe Terrace | One Bedroom Suite | 1BR,1BA | $999 |
| Westmount at Downtown Tempe Apartments | Sunset | 2BR,1BA | $1,044 |
| Spring Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $1,045 |
| Rothko | 1x1 | 1BR,1BA | $1,050 |
| 1433 S Kenneth Pl | Two Bedroom/One Bath | 2BR,1BA | $1,095 |
| GREAT COMMUNITY BY ASU | 1BR/1.0BA | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in University Park, AZ
As of August 03, 2026 the best value apartment in the University Park area is the $1.42 price per square foot 3 Beds, 3.5 Baths Model at 430 W 7th St in the in the Downtown Tempe neighborhood starting from $3,134. The second greatest value University Park apartment is the 3 Bedroom 3.5 Bath Model at The Place On Jentilly starting at $2,499 with a $1.52 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. |
|---|---|---|---|
| 430 W 7th St | 3 Beds, 3.5 Baths | 3BR,3.5BA | $1.42 |
| The Place On Jentilly | 3 Bedroom 3.5 Bath | 3BR,3.5BA | $1.52 |
| Tempe Horizons | 2 Bed/2 Bath | 2BR,2BA | $1.36 |
| 336 S Roosevelt St, Unit 2 | 336 S Roosevelt St | 2BR,1BA | $1.30 |
| The Brentwood | 2BR/2.0BA | 2BR,2BA | $1.61 |
| Thrive Tempe Apartments | 2x2L | 2BR,2BA | $1.50 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.35 |
| The Rockford | 2BR/2.0BA | 2BR,2BA | $1.64 |
| Tempe Terrace | One Bedroom Suite | 1BR,1BA | $1.51 |
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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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #32
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in University Park, Tempe, AZ
McKemy Academy of International Studies
Tempe School District
Public School - Grades 6-8 (334)
8 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 $1,100.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Paseo on University which is listed at $933, while the average apartment in University Park costs $1,444.
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 109 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 $1,048 which is $396 cheaper than the average rent for all rentals in University Park.
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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