1409 S Mill Ave, Unit #4
1409 S Mill Ave
TempeAZ85281
Cheap Homes for Rent in University Park Neighborhood of Tempe, AZ from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Tempe.
1029 S Mariana St
TempeAZ85281
522 W Howe St
TempeAZ85281
2005 S College Ave
TempeAZ85282
700 W University Dr, Unit 149
700 W University Dr
TempeAZ85281
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.
906 S Farmer Ave, Unit C
906 S Farmer Ave
TempeAZ85281
1006 S Dorsey Ln
TempeAZ85281
1137 S Judd St
TempeAZ85281
731 W University Dr
TempeAZ85281
731 W University Dr
TempeAZ85281
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1111 E University Dr
TempeAZ85288
912 S Dorsey Ln
TempeAZ85281
2020 S Granada Dr
TempeAZ85282
910 S Dorsey Ln
TempeAZ85281
2323 S College Ave
TempeAZ85282
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.
Showing Results 1-15, 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 | $1,551 | $1,100 | $2,095 |
| University Park 3 Bedroom Homes for Rent | $2,218 | $1,295 | $3,000 |
| University Park 4 Bedroom Homes for Rent | $2,760 | $2,200 | $4,800 |
| University Park 5 Bedroom Homes for Rent | $3,197 | $3,095 | $3,300 |
| University Park 6 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 Studio unit found at Studio 710 Apartments priced from $849. Parq on 5th has the second lowest priced unit, which is a Studio apartment currently listed from $957. Here are the most affordable University Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Studio 710 Apartments | Small Studio Deluxe | Studio,1BA | $849 |
| Parq on 5th | Studio | Studio,1BA | $957 |
| Beautiful Renovations One and Two Bedrooms | 1x1 | 1BR,1BA | $995 |
| Riviera Palms | Studio | Studio,1BA | $999 |
| University Pointe Apartments | Studio | Studio,1BA | $999 |
Best Value Apartments for Rent in University Park, AZ
As of October 13, 2025 the best value apartment in the University Park area is the $1.43 price per square foot 3/3 Model at The Hardy Tempe Townhome Living in the in the Downtown Tempe neighborhood starting from $2,445. The second greatest value University Park apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,099 with a $0.75 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 Hardy Tempe Townhome Living | 3/3 | 3BR,3BA | $1.43 |
| Nine20 Tempe | D1 PHPV | 4BR,4BA | $0.75 |
| Agave | Saguaro | 3BR,2BA | $1.52 |
| Sago Gardens | Townhome | 2BR,1BA | $1.37 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.42 |
| University Park | Two Bedroom Two Bathroom Ensuite | 2BR,2BA | $1.25 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.59 |
| Brix | 2 Bed - 2 Bath | 2BR,2BA | $1.45 |
| Beautiful Renovations One and Two Bedrooms | 2x1- Renovated with Brown Cabinets | 2BR,1BA | $1.58 |
| 522 W Howe St, Unit 522 | 522 W Howe St | 1BR,1BA | $1.25 |
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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #24
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)
7 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 229 Apartments for Rent in University Park, AZ with pricing that ranges from $849 to $15,000. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $575 to $4,800.
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 $575 to $4,800 with an average monthly rent of $2,070.
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 $999 to $12,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $899.
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).
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.