
Cheap Homes for Rent in Wood Park Neighborhood of Tempe, AZ from $900 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Wood Park area of Tempe.


343 W Santa Cruz Dr

200 E Southern Ave

4901 S Calle Los Cerros Dr

1814 W Village Way
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.

2401 W Southern Ave

633 W Southern Ave

5213 S 47th Pl

1688 W Village Way

8445 S 48th St
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.

4849 E Lake Point Cir
Wood Park, Tempe, AZ Local Guide

How much does it cost to rent a home in Wood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wood Park 2 Bedroom Homes for Rent | $1,839 | $1,400 | $2,350 |
| Wood Park 3 Bedroom Homes for Rent | $2,596 | $1,670 | $4,500 |
| Wood Park 4 Bedroom Homes for Rent | $3,161 | $900 | $5,500 |
| Wood Park 5 Bedroom Homes for Rent | $3,770 | $1,980 | $5,000 |
| Wood Park 6 Bedroom Homes for Rent | $3,895 | $3,895 | $3,895 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Wood Park Neighborhood of Tempe, AZ.
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Wood Park, Tempe, AZ Local Guide
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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 $904. Avana Tempe has the second lowest priced unit, which is a Studio apartment currently listed from $923. 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 | $904 |
| Avana Tempe | Studio - Classic | Studio,1BA | $923 |
| Lakeview at the Bay | LaJolla | 1BR,2BA | $1,000 |
| 505 West | Rillito | 1BR,1BA | $1,020 |
| Sono Tempe | Harris | 1BR,1BA | $1,044 |
Best Value Apartments for Rent in Wood Park, AZ
As of April 23, 2026 the best value apartment in the Wood Park area is the $1.60 price per square foot 3x2 Model at Colonia Apartment Homes - Roger in the in the South Phoenix neighborhood starting from $2,300. The second greatest value Wood Park apartment is the Two Bedroom/Two Bath Model at San Palmilla starting at $1,870 with a $1.57 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 Apartment Homes - Roger | 3x2 | 3BR,2BA | $1.60 |
| San Palmilla | Two Bedroom/Two Bath | 2BR,2BA | $1.57 |
| Lakeview at the Bay | Monterey | 2BR,2BA | $1.43 |
| The Rev Apartment Homes | B1 | 2BR,2BA | $1.46 |
| 525-539 W Pebble Beach | 2 Beds, 1 bath | 2BR,1BA | $1.42 |
| Sofia Apartments | The Calla (2x2) | 2BR,2BA | $1.46 |
| Carlyle at South Mountain | A1 | 1BR,1BA | $1.54 |
| The Avi | 1x1 | 1BR,1BA | $1.45 |
| 505 West | Rillito | 1BR,1BA | $1.42 |
| Ovation at Tempe | PALO VERDE | 1BR,1BA | $1.54 |
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
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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 #20
Among cities in Arizona for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Wood Park
What type of rentals are currently available in Wood Park?
There are currently 80 Apartments for Rent in Wood Park, AZ with pricing that ranges from $900 to $14,108. There are also 85 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wood Park ranging from $900 to $5,500.
What is the current price range for Rental Homes in Wood Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wood Park ranges from $900 to $5,500 with an average monthly rent of $2,751.
How much are larger Three and Four Bedroom Rentals in Wood Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wood Park range from $1,465 to $14,108, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,670 to $4,500. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $2,204.
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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A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
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Articles, How-To's, and Tips

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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
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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Renting your next home can feel thrilling and overwhelming at the same time.