Cheap Apartments for Rent in the Parkway Terrace Neighborhood of Tucson, AZ from $400 (100 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Sun, Mountains, and a Short Commute: Renting Near Tucson's Top Employers

Find the perfect Tucson apartment near where you work. Our local expert breaks down the best neighborhoods near Tucson's five biggest employers — from Raytheon to Tucson Medical Center.

Read Article
close
View Me
415 E 5th St, Unit 3
$880
Total Monthly Price

Total Monthly Price

Base Rent
$880
Total Monthly Price
$880
1 Bedroom Apartment Available Aug 1

415 E 5th St, Unit 3

415 E 5th StTucson, AZ 85705
Affordability

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article
close
View Me
Miramonte on 3rd
Rent Specials
$1,099 - $1,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,099 - $1,275
Total Monthly Price
$1,099 - $1,275
1 to 2 Bedroom Apartments Available Now

Miramonte on 3rd

3660 E 3rd StTucson, AZ 85716
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 3507 E 3rd St

$1,099 - $1,299

2 Bedroom Rentals

Available Now

3507 E 3rd St

TucsonAZ85716

Leverage a Local's Insider Knowledge: Discover Tucson, Arizona

Explore Renting in Tucson, AZ: where Spanish colonial history meets modern innovation. Get a local's guide to the University area, Barrio Viejo, and desert housing insights to help guide you on your Tucson apartment search!.

Read Article
close
View Me
Capistrano
Rent Specials
$1,154 - $1,409
Total Monthly Price

Total Monthly Price

Base Rent
$1,154 - $1,409
Total Monthly Price
$1,154 - $1,409
Studio to 2 Bedroom Apartments Available Now

Capistrano

2929 E 6th StTucson, AZ 85716
Student Housing
  • Verified
  • 3D Tour
  • Smoke Free

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.

Read Article
property at 55 N Cherry Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

55 N Cherry Ave, Unit 115

55 N Cherry Ave
TucsonAZ85719
property at 55 N Cherry Ave

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Condo for Rent

Available Now

55 N Cherry Ave, Unit 203

55 N Cherry Ave
TucsonAZ85719
close
View Me
Borden Court
Studio to 3 Bedroom Apartments

Borden Court

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

Spanish Trail Suites

305 E Benson HwyTucson, AZ 85713
  • Utilities Included
close
View Me
Cherry Park Studios
Studio to 3 Bedroom Apartments

Cherry Park Studios

222 S Cherry AveTucson, AZ 85719
Student Housing
close
View Me
947 N Alvernon Way
Studio to 2 Bedroom Apartments

947 N Alvernon Way

947 N Alvernon WayTucson, AZ 85711

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-50, Page 1 of 2

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 2 Beds unit found at Sonoran On 9th priced from $599. 947 N Alvernon Way has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Parkway Terrace apartments for rent in Tucson, AZ:

Apartment ListingModel NameBed/BathPriced From
Sonoran On 9th2 Bedroom 1 Bath - 665052BR,1BA$599
947 N Alvernon Way0 Beds, 1 BathsStudio,1BA$675
Cielo on 5thStudioStudio,1BA$695
Villas las Mandarinas DEStudio1BR,1BA$699
BroadmoorStudioStudio,1BA$749
Montclair Apartments1x11BR,1BA$775
The Palace ApartmentsStudioStudio,1BA$775
The Retro1+1 Up1BR,1BA$849
Ocotillo Apartments1BR/1BA1BR,1BA$850
Park Avenue ApartmentsStudioStudio,1BA$875

Best Value Apartments for Rent in Parkway Terrace, AZ

As of July 30, 2026 the best value apartment in the Parkway Terrace area is the $0.93 price per square foot Milledge 3x3 Model at Cottages at Tucson in the in the South Tucson neighborhood starting from $1,299. The second greatest value Parkway Terrace apartment is the 4x4 - Davenport Model at The Mark Tucson starting at $1,325 with a $0.99 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$0.93
The Mark Tucson4x4 - Davenport4BR,4BA$0.99
Cottonwood CreekTwo Bedroom2BR,2BA$1.03
Campus Walk Condominiums2 Beds, 1.5 Baths2BR,1.5BA$1.10
Del Rey Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.16
312 E 24th St2 Beds, 1 Baths2BR,1BA$1.03
Riata Court Apartments2 Bedroom / 2 Bath2BR,2BA$0.85
Westwood Apartments2 Bedroom 1 Bath - 506202BR,1BA$1.39
The District on 5th2x22BR,2BA$1.40
Ocotillo Apartments1BR/1BA1BR,1BA$1.45

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
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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 $875.

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

The cheapest apartment in Parkway Terrace is Villas las Mandarinas DE which is listed at $699, while the average apartment in Parkway Terrace costs $1,629.

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 146 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 $1,093 which is $536 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

decorative image for Sun, Mountains, and a Short Commute: Renting Near Tucsons Top Employers article

Sun, Mountains, and a Short Commute: Renting Near Tucsons Top Employers

Written by: Larry Allen

Hello, from sunny Tucson, Arizona! I’m Larry, your ApartmentHomeLiving.com Local Expert for the most laid-back city in Arizona.

decorative image for Leverage a Locals Insider Knowledge: Discover Tucson, Arizona article

Leverage a Locals Insider Knowledge: Discover Tucson, Arizona

Written by: Larry Allen

Greetings from Tucson, Arizona! I’m Larry, your ApartmentHomeLiving.

decorative image for Tucson Apartments: Top Neighborhoods for U of A and Pima College Student Renters article

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

Written by: Larry Allen

Hi. Welcome to Tucson! I’m Larry, your ApartmentHomeLiving.com Local Expert for Tucson, AZ. My wife and I relocated to this jewel in the desert from the Midwest more than a quarter-century ago.

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

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

Written by: Larry Allen

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.