1409 S Mill Ave
TempeAZ85281
Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $750 (87 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.
913 E Spence Ave
TempeAZ85281
407 W Howe St
TempeAZ85281
907 E Broadmor Dr, Unit Room #1 Twin
907 E Broadmor Dr
TempeAZ85282
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Rent Specials
$974 - $1,135Studio Apartments Available Now
Studio 710 Apartments
710 S Hardy DrTempe, AZ 85281
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
1215 E LEMON St, Unit Lemon R
1215 E LEMON St
TempeAZ85281
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Rent Specials
$999 - $1,499Studio to 2 Bedroom Apartments Available Now
University Pointe Apartments
919 E Lemon StTempe, AZ 85281
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$1,000
Total Monthly Price
Base Rent$1,000
Total Monthly Price$1,000
524 W Howe St, Unit 524
524 W Howe StTempe, AZ 85281
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Rent Specials
$1,044 - $1,804
Total Monthly Price
Base Rent$1,044 - $1,804
Total Monthly PriceVaries
Westmount at Downtown Tempe Apartments
615 S Hardy DrTempe, 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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$1,045 - $1,1951 Bedroom Apartments Available Now
Spring Leaf Apartments
1433 S Stanley PlTempe, AZ 85281
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$1,050 - $1,3502 Bedroom Apartments Available Now
Sago Gardens
1015 S Stanley PlTempe, AZ 85281
700 W University Dr
TempeAZ85281
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$1,074 - $2,484Studio to 2 Bedroom Apartments Available Now
Paseo on University
1255 E University DrTempe, AZ 85281
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Rent Specials
$1,084 - $1,682
Total Monthly Price
Base Rent$1,084 - $1,682
Total Monthly PriceVaries
Parq on 5th
805 W Brown 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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$1,130 - $1,5001 to 2 Bedroom Apartments Available Now
Axio Apartments
740 W University DrTempe, AZ 85281
1134 S Roosevelt St
TempeAZ85281
1132 S Roosevelt 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.
1111 E University Dr
TempeAZ85288
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Rent Specials
$1,293 - $2,073
Total Monthly Price
Base Rent$1,293 - $2,073
Total Monthly PriceVaries
IMT Desert Palm Village
1215 E Vista Del Cerro DrTempe, AZ 85281
2309 S College Ave
TempeAZ85282
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$1,299 - $1,5001 to 2 Bedroom Apartments Available Oct 8
The Heights on Lemon
1224 E Lemon StTempe, AZ 85281
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Rent Specials
$1,299 - $1,5791 to 2 Bedroom Apartments Available Oct 11
Aria on Mill
2430 S Mill AveTempe, AZ 85282
731 W University Dr
TempeAZ85281
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$1,334
Total Monthly Price
Base Rent$1,334
Total Monthly Price$1,334
West 5th
601 W 5th StTempe, AZ 85281
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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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$1,346 - $7,601Studio to 3 Bedroom Apartments Available Now
Volta on Broadway
1221 E Broadway RdTempe, AZ 85282
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$1,350 - $2,395Studio to 3 Bedroom Apartments Available Now
The Hyve
1260 E University DrTempe, 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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$1,3952 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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$1,405 - $3,049Studio to 3 Bedroom Apartments Available Now
Nexa
1205-1221 E Apache BlvdTempe, AZ 85281
1436 Terrace - Ter
TempeAZ85281
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$1,459 - $2,2691 to 3 Bedroom Apartments Available Aug 7, 2027
Astria Tempe
211 E 7th StTempe, AZ 85281
503 W 12th St
TempeAZ85281
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Rent Specials
$1,486 - $2,451
Total Monthly Price
Base Rent$1,486 - $2,451
Total Monthly PriceVaries
Vero
651 E 6th StTempe, AZ 85281
505 W Howe St
TempeAZ85281
2610 S Ventura Dr
TempeAZ85282
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Studio to 2 Bedroom Apartments
Sonoran Ridge Apartments
1205 E Apache BlvdTempe, 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.
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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
George Ann
1122 E Lemon 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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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
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1 to 2 Bedroom Apartments
Rialto
1125 E Broadway RdTempe, AZ 85282
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Studio to 2 Bedroom Apartments
The Place of Tempe
607-627 W 19th StTempe, AZ 85281
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1 to 2 Bedroom Apartments
Scene 1 Condos
700 W UniversityTempe, AZ 85281
407 W Howe 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.
Showing Results 1-50, Page 1 of 2
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 | $1,458 | $974 | $1,855 |
| University Park 1 Bedroom Apartments | $1,695 | $999 | $4,027 |
| University Park 2 Bedroom Apartments | $1,915 | $750 | $5,326 |
| University Park 3 Bedroom Apartments | $1,812 | $950 | $4,947 |
| University Park 4 Bedroom Apartments | $1,432 | $849 | $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
- Nearby Tempe neighborhoods
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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 2 Beds unit found at Yugo Tempe Villas priced from $829. Studio 710 Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $974. Here are the most affordable University Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yugo Tempe Villas | 2 Bed, 2 Bath | 2BR, 2BA | $829 |
| Studio 710 Apartments | Small Studio | Studio, 1BA | $974 |
| Scene 1 Condos | 2BR/1.0BA | 2BR, 1BA | $975 |
| Riviera Palms | One Bedroom | 1BR, 1BA | $995 |
| University Pointe Apartments | Studio | 1BR, 1BA | $999 |
| The Bridger | 1BR/1.0BA | 1BR, 1BA | $999 |
| Spring Leaf Apartments | 1BR/1.0BA | 1BR, 1BA | $1,045 |
| Sago Gardens | Townhome | 2BR, 1BA | $1,050 |
| Rothko | 1x1 | 1BR, 1BA | $1,050 |
| Hidden Glen | 1X1 | 1BR, 1BA | $1,050 |
Best Value Apartments for Rent in University Park, AZ
As of September 18, 2026 the best value apartment in the University Park area is the $1.28 price per square foot 1225 S Maple Ave Model at 1225 S Maple Ave, Unit A in the Downtown Tempe neighborhood starting from $2,300. The second greatest value University Park apartment is the 2 Beds, 2.5 Baths Model at 611-613 615 W 13th St in the Downtown Tempe neighborhood starting at $1,449 with a $1.37 price per square foot. 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. |
|---|---|---|---|
| 1225 S Maple Ave, Unit A | 1225 S Maple Ave | 2BR, 1BA | $1.28 |
| 611-613 615 W 13th St | 2 Beds, 2.5 Baths | 2BR, 2.5BA | $1.37 |
| Tempe Horizons | 2 Bed/2 Bath | 2BR, 2BA | $1.36 |
| Agave | Acacia 2 | 2BR, 2BA | $1.29 |
| Nine20 Tempe | B1 PH | 2BR, 2BA | $1.29 |
| Yugo Tempe Villas | 2 Bed, 2 Bath | 2BR, 2BA | $0.91 |
| Sago Gardens | Single Story | 2BR, 1BA | $1.37 |
| Scene 1 Condos | 2BR/1.0BA | 2BR, 1BA | $1.16 |
| 524 W Howe St, Unit 524 | 524 W Howe St | 1BR, 1BA | $1.40 |
| The Bridger | 1BR/1.0BA | 1BR, 1BA | $1.43 |
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
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.
Read ArticleReal 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 Park, Tempe, AZ
Ranked #27
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 $1,050.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Riviera Palms which is listed at $995, while the average apartment in University Park costs $1,604.
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 168 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 $1,140 which is $464 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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