
Cheap Apartments for Rent in the Wood Park Neighborhood of Tempe, AZ from $800 (74 Rentals)
Search the lowest-cost Apartments available for rent right now in the Wood Park area of Tempe.


Sentry Tempe

Total Monthly Price
Avana Tempe

Sono Tempe

505 West

The Mod at Mills

1222 W Baseline Rd

343 W Santa Cruz Dr

Mission Springs

Nines at Lakeside
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.

The Rev Apartment Homes

3409 S Rural Rd

Sofia Apartments

The Avi

200 E Southern Ave

Omnia Baseline

Mercury on Mill

Lakeview at the Bay

Strada

200 E Southern Ave
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.

Villagio Furnished

Tempe Park Place

1311 W Baseline Rd

Total Monthly Price
Allure at Tempe Apartments

Total Monthly Price
Highland Park

909 West

Ponderosa Ranch

525-539 W Pebble Beach

6445 S Maple Ave

Total Monthly Price
Galleria Palms
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.

Total Monthly Price
CityScape at Lakeshore

Total Monthly Price
Finisterra On Grove

La Estancia Apartment Homes

San Marino

Harper

633 W Southern Ave

3304 S Parkside Dr

College Park- No AVAILABILITY!!

Lantana Village Apartments

Ovation at Tempe
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Molino

4901 S Calle Los Cerros Dr

Moda Tempe

San Palmilla

5105 S La Rosa Dr

Tempe Villa

San Capella

Granada Lakes

San Marquis

2401 W Southern Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Wood Park, Tempe, AZ Local Guide

How much does it cost to rent an apartment in Wood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wood Park Studio Apartments | $1,471 | $905 | $3,499 |
| Wood Park 1 Bedroom Apartments | $1,575 | $870 | $7,333 |
| Wood Park 2 Bedroom Apartments | $1,701 | $1,000 | $8,078 |
| Wood Park 3 Bedroom Apartments | $2,223 | $1,600 | $6,224 |
| Wood Park 4 Bedroom Apartments | $2,454 | $2,317 | $2,574 |
Browse Apartments in this Neighborhood
There are currently 74 rentals with your search options within a 2 mile radius of the Wood Park Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Wood Park, Tempe, AZ Local Guide
- Nearby Tempe neighborhoods
- Nearby Cities
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Cheapest Available Wood Park Apartments for Rent
 The cheapest available apartment rental in the Wood Park area of Phoenix, AZ is a Studio unit found at Sentry Tempe priced from $914. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $960. Here are the most affordable Wood Park apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sentry Tempe | Kona | Studio,1BA | $914 |
| Avana Tempe | Studio - Classic | Studio,1BA | $960 |
| The Mod at Mills | S1 | Studio,1BA | $975 |
| 505 West | Rillito | 1BR,1BA | $995 |
| Mission Springs | Saguaro - Junior One Bedroom | Studio,1BA | $1,013 |
| Sono Tempe | Harris | 1BR,1BA | $1,017 |
| The Quinn Apartments | Studio | Studio,1BA | $1,024 |
| The Rev Apartment Homes | S1 | Studio,1BA | $1,065 |
| Carlyle at South Mountain | A1 | 1BR,1BA | $1,080 |
| Sofia Apartments | The Bronte (2x1) | 2BR,1BA | $1,099 |
Best Value Apartments for Rent in Wood Park, AZ
As of April 10, 2026 the best value apartment in the Wood Park area is the $1.60 price per square foot 3x2 Model at Colonia Park Townhomes in the in the South Phoenix neighborhood starting from $2,300. The second greatest value Wood Park apartment is the C1 Model at San Marino starting at $2,229 with a $1.69 price per square foot in the South Phoenix neighborhood. Here is today’s list of the best values for Wood Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Colonia Park Townhomes | 3x2 | 3BR,2BA | $1.60 |
| San Marino | C1 | 3BR,2BA | $1.69 |
| The Avi | 2x2 | 2BR,2BA | $1.34 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Allure at Tempe Apartments | Agave | 2BR,2BA | $1.30 |
| San Palmilla | One Bedroom/One Bath | 1BR,1BA | $1.57 |
| Carlyle at South Mountain | A2 | 1BR,1BA | $1.60 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $1.68 |
| 505 West | Rillito | 1BR,1BA | $1.43 |
| Sofia Apartments | The Athena (1x1) | 1BR,1BA | $1.55 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestyleWood Park, Tempe, AZ
Ranked #29
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Tempe. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Wood Park Apartments
What is a cheap apartment in Wood Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wood Park is under $1,099.
What is the price of a cheap apartment in Wood Park?
The cheapest apartment in Wood Park is 505 West which is listed at $995, while the average apartment in Wood Park costs $2,591.
What types of apartments are the cheapest in Wood 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 90 regular apartments in Wood 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 Wood Park?
Cheap apartments in Wood Park have an average cost of $473 which is $2,118 cheaper than the average rent for all rentals in Wood 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.
Helpful Local Expert Guides

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).

Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
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
Written by: Andrew Jollett
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.

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.