700 W University Dr
TempeAZ85281
Cheap Homes for Rent in University Park Neighborhood of Tempe, AZ from $800 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the University Park area of Tempe.
907 E Broadmor Dr
TempeAZ85282
700 W University Dr, Unit G241
700 W University Dr
TempeAZ85281
1215 E Lemon St, Unit Lemon L
1215 E Lemon St
TempeAZ85281
1111 E University Dr, Unit #237
1111 E University Dr
TempeAZ85288
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.
1415 S Terrace Rd
TempeAZ85281
729 W University Dr
TempeAZ85281
1214 S Roosevelt St, Unit B
1214 S Roosevelt 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.
1215 E Lemon St
TempeAZ85281
2123 W Hu Esta Dr
TempeAZ85282
617 S Roosevelt St
TempeAZ85281
510 W University Dr
TempeAZ85281
1014 E Spence Ave, Unit 108
1014 E Spence Ave
TempeAZ85281
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
21 E 6th St, Unit 311
21 E 6th St
TempeAZ85281
Showing Results 1-16, 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 | $1,657 | $1,100 | $2,999 |
| University Park 3 Bedroom Homes for Rent | $2,595 | $1,000 | $6,495 |
| University Park 4 Bedroom Homes for Rent | $3,587 | $2,195 | $5,400 |
| University Park 5 Bedroom Homes for Rent | $3,831 | $3,650 | $4,095 |
| University Park 6 Bedroom Homes for Rent | $4,365 | $3,996 | $4,600 |
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 16 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 1 Bed unit found at Spring Leaf Apartments priced from $895. University Pointe Apartments 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 |
|---|---|---|---|
| Spring Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $895 |
| University Pointe Apartments | Studio | Studio,1BA | $899 |
| Riviera Palms | Studio | Studio,1BA | $899 |
| Sago Gardens | Townhome | 2BR,1BA | $950 |
| The Place of Tempe | Studio | Studio,1BA | $950 |
Best Value Apartments for Rent in University Park, AZ
As of May 31, 2026 the best value apartment in the University Park area is the $1.52 price per square foot 3 Bedroom 3.5 Bath Model at The Place On Jentilly in the in the Downtown Tempe neighborhood starting from $2,499. The second greatest value University Park apartment is the D3 Model at Canvas starting at $1,249 with a $0.92 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 Place On Jentilly | 3 Bedroom 3.5 Bath | 3BR,3.5BA | $1.52 |
| Canvas | D3 | 4BR,4BA | $0.92 |
| The District on Apache | 3x3 Luxe | 3BR,3BA | $1.02 |
| Tempe Horizons | 2 Bed/2 Bath | 2BR,2BA | $1.36 |
| Thrive Tempe Apartments | 2x2L | 2BR,2BA | $1.45 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.41 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.39 |
| Tempe Terrace | One Bedroom Suite | 1BR,1BA | $1.51 |
| Spring Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $1.49 |
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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How much rent can you afford?
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Pet Friendly LifestyleUniversity Park, Tempe, AZ
Ranked #34
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 235 Apartments for Rent in University Park, AZ with pricing that ranges from $750 to $13,500. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Park ranging from $875 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 $875 to $6,495 with an average monthly rent of $2,894.
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 $1,004 to $5,348, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $6,495. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $999.
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.
Helpful Local Expert Guides
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
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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).
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I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
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Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.