Cheap Apartments for Rent in the Parkway Terrace Neighborhood of Tucson, AZ from $400 (103 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parkway Terrace area of Tucson.

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.

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Tucson Apartments: Top Neighborhoods for U of A & Pima College Student Renters

Find your perfect Tucson apartment! Get the short list of the safest, most affordable neighborhoods near U of A, PCC West, and PCC East, compiled by our 25-year local expert, Larry Allen.

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Capistrano
Rent Specials
$909 - $1,414
Total Monthly Price

Total Monthly Price

Base Rent
$909 - $1,414
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Jun 16

Capistrano

2929 E 6th StTucson, AZ 85716
Student Housing
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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.

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property at 114 N jacobus ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

114 N jacobus ave, Unit #2

114 N jacobus ave
TucsonAZ85705

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.

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property at 3507 E 3rd St

$1,250 - $1,299

2 Bedroom Rentals

Available Now

3507 E 3rd St

TucsonAZ85716
property at 2215 E 6th St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

2215 E 6th St

TucsonAZ85719
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Borden Court
Studio to 3 Bedroom Apartments

Borden Court

231 E 33rd StTucson, AZ 85713
  • Utilities Included
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Spanish Trail Suites
Studio Apartments

Spanish Trail Suites

305 E Benson HwyTucson, AZ 85713
  • Utilities Included
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Miramonte at Third
Studio to 3 Bedroom Apartments

Miramonte at Third

811 N Alvernon WayTucson, AZ 85711
  • Utilities Included

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.

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Parkway Terrace, Tucson, AZ Local Guide

Cheapest Available Parkway Terrace Apartments for Rent

 

The cheapest available apartment rental in the Parkway Terrace area of Tucson, AZ is a 1 Bed unit found at Miramonte Apartments priced from $695. Villas las Mandarinas DE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Parkway Terrace apartments for rent in Tucson, AZ:

Apartment ListingModel NameBed/BathPriced From
Miramonte Apartments1 Bed, 1 Bath1BR,1BA$695
Villas las Mandarinas DEStudio1BR,1BA$699
The Palace ApartmentsStudioStudio,1BA$775
Country Club ApartmentsStudio - SmallStudio,1BA$779
One North Fifth ApartmentsS1Studio,1BA$820
The Retro1+1 Up1BR,1BA$849
Park Avenue ApartmentsStudioStudio,1BA$875
Westwood Apartments2 Bedroom 1 Bath - 432232BR,1BA$875
312 E 24th St2 Beds, 1 Baths2BR,1BA$875
Cielo on 5thDeluxe 1 Bed 1 Bath1BR,1BA$890

Best Value Apartments for Rent in Parkway Terrace, AZ

As of June 15, 2026 the best value apartment in the Parkway Terrace area is the $0.86 price per square foot Milledge 3x3 Model at Cottages at Tucson in the in the South Tucson neighborhood starting from $1,199. The second greatest value Parkway Terrace apartment is the 4x4 - Davenport Model at The Mark Tucson starting at $1,345 with a $1.01 price per square foot in the South Tucson neighborhood. Here is today’s list of the best values for Parkway Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cottages at TucsonMilledge 3x33BR,3BA$0.86
The Mark Tucson4x4 - Davenport4BR,4BA$1.01
Cottonwood CreekOne Bedroom1BR,1BA$1.22
Sonoran On 9th2 Bedroom 1 Bath - 267172BR,1BA$1.59
Del Rey Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.16
312 E 24th St2 Beds, 1 Baths2BR,1BA$1.03
Westwood Apartments2 Bedroom 1 Bath - 600212BR,1BA$1.54
Riata Court Apartments2 Bedroom / 2 Bath2BR,2BA$0.85
Ocotillo Apartments2BR/1BA2BR,1BA$1.31
Miramonte Apartments1 Bed, 1 Bath1BR,1BA$1.39

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.

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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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Quick 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.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Parkway Terrace, Tucson, and the greater Tucson area. 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 outdoor access, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Parkway Terrace Apartments

What is a cheap apartment in Parkway Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Parkway Terrace is under $890.

What is the price of a cheap apartment in Parkway Terrace?

The cheapest apartment in Parkway Terrace is Miramonte Apartments which is listed at $695, while the average apartment in Parkway Terrace costs $1,917.

What types of apartments are the cheapest in Parkway Terrace?

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 199 regular apartments in Parkway Terrace 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 Parkway Terrace?

Cheap apartments in Parkway Terrace have an average cost of $1,255 which is $662 cheaper than the average rent for all rentals in Parkway Terrace.

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

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A Long-Time Residents Inside Review of the Top 5 Affordable Neighborhoods for Renting in Tucson, AZ

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I'm Larry, a long-time local resident, and I'm happy to be your ApartmentHomeLiving.com Local Expert for Tucson, AZ. I moved here with my family in 1997 for a job transfer from the Midwest.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.