820 W 14th St
TempeAZ85281
Cheap Homes for Rent in the University Park Neighborhood of Tempe, AZ from $650 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Tempe.
505 W Howe St
TempeAZ85281
2610 S Ventura Dr
TempeAZ85282
1409 S Mill Ave
TempeAZ85281
907 E Broadmor Dr, Unit Room #1 Twin
907 E Broadmor Dr
TempeAZ85282
Phoenix's Best Affordable Neighborhoods
Learn about Phoenix and the best places to live with original content written by our Local Expert Andrew Jollett
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
407 W Howe St
TempeAZ85281
407 W Howe St
TempeAZ85281
524 W Howe St
TempeAZ85281
1405 S Newberry Ln
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.
2323 S College Ave
TempeAZ85282
2103 S Granada Dr
TempeAZ85282
731 W University Dr
TempeAZ85281
731 W University Dr
TempeAZ85281
600 S Roosevelt St
TempeAZ85281
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.
707 W 13th St
TempeAZ85281
1421 S Rita Ln
TempeAZ85281
Showing Results 1-17, Page 1 of 1
University Park, Tempe, AZ Local Guide
How much does it cost to rent a home in University Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Park 2 Bedroom Homes for Rent | $1,708 | $975 | $2,700 |
| University Park 3 Bedroom Homes for Rent | $2,576 | $650 | $6,495 |
| University Park 4 Bedroom Homes for Rent | $3,118 | $2,500 | $5,600 |
| University Park 5 Bedroom Homes for Rent | $2,767 | $750 | $4,599 |
| University Park 6 Bedroom Homes for Rent | $2,980 | $2,980 | $2,980 |
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 17 rentals with your search options within a 1 mile radius of the University Park Neighborhood of Tempe, AZ.
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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 2 Beds unit found at Yugo Tempe Villas priced from $829. Paseo on University has the second lowest priced unit, which is a 1 Bed apartment currently listed from $866. 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 |
| Paseo on University | 1 Bedroom Apartment Near ASU Tempe | 1BR,1BA | $866 |
| Sago Gardens | Townhome | 2BR,1BA | $950 |
| Scene 1 Condos | 1BR/1.0BA | 1BR,1BA | $950 |
| Riviera Palms | One Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in University Park, AZ
As of August 30, 2026 the best value apartment in the University Park area is the $1.34 price per square foot Saguaro Model at Agave in the in the Downtown Tempe neighborhood starting from $1,680. The second greatest value University Park apartment is the 2 Beds, 2.5 Baths Model at 611-613 615 W 13th St starting at $1,449 with a $1.37 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. |
|---|---|---|---|
| Agave | Saguaro | 3BR,2BA | $1.34 |
| 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 |
| 336 S Roosevelt St, Unit 2 | 336 S Roosevelt St | 2BR,1BA | $1.20 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| Yugo Tempe Villas | 2 Bed, 2 Bath | 2BR,2BA | $0.91 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| University Park | Two Bedroom Two Bathroom Ensuite | 2BR,2BA | $1.45 |
| Paseo on University | 1 Bedroom Apartment Near ASU Tempe | 1BR,1BA | $1.35 |
| Scene 1 Condos | 1BR/1.0BA | 1BR,1BA | $1.48 |
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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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #26
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 University Park
What type of rentals are currently available in University Park?
There are currently 238 Apartments for Rent in University Park, AZ with pricing that ranges from $750 to $13,500. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $650 to $6,495.
What is the current price range for Rental Homes in University Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Park ranges from $650 to $6,495 with an average monthly rent of $2,439.
How much are larger Three and Four Bedroom Rentals in University Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University Park range from $956 to $4,947, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $799.
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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