Cheap Apartments for Rent in the University Park Neighborhood of Tempe, AZ from $500 (61 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the University Park area of Tempe.
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 | $1,433 | $700 | $2,131 |
| University Park 1 Bedroom Apartments | $1,705 | $875 | $3,718 |
| University Park 2 Bedroom Apartments | $1,846 | $1,095 | $4,950 |
| University Park 3 Bedroom Apartments | $2,003 | $999 | $5,479 |
| University Park 4 Bedroom Apartments | $1,407 | $899 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 1 mile radius of the University Park Neighborhood of Tempe, AZ.
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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 $1,125.
What is the price of a cheap apartment in University Park?
The cheapest apartment in University Park is Parq on 5th which is listed at $1,014, while the average apartment in University Park costs $1,842.
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 176 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 $1,177 which is $665 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).

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.










