Cheap Apartments for Rent in the Parkway Terrace Neighborhood of Tucson, AZ from $400 (55 Rentals)

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

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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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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Borden Court
Studio to 3 Bedroom Apartments

Borden Court

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

Spanish Trail Suites

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

Miramonte at Third

811 N Alvernon WayTucson, AZ 85711
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Parkview Manor
1 to 3 Bedroom Apartments

Parkview Manor

455 S Irving AveTucson, AZ 85711
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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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Cherry Park Studios
Studio to 3 Bedroom Apartments

Cherry Park Studios

222 S Cherry AveTucson, AZ 85719
Student Housing
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Del Rey Apartments
Studio to 2 Bedroom Apartments

Del Rey Apartments

840 N Alvernon WayTucson, AZ 85711

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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Cielo on 5th
Studio to 3 Bedroom Apartments

Cielo on 5th

3727 E 5th StTucson, AZ 85716
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Don Martin Apartments
Studio to 2 Bedroom Apartments

Don Martin Apartments

605 E 9th StTucson, AZ 85705
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Park Avenue Apartments
Studio Apartments

Park Avenue Apartments

215 N Park AveTucson, AZ 85719
Corporate Housing
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Cabana Bridges
Studio to 2 Bedroom Apartments

Cabana Bridges

1102 E 36th StTucson, AZ 85713

Tucson's Best Affordable Neighborhoods

Learn about Tucson and the best places to live with original content written by our Local Expert Larry Allen

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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 Studio unit found at Del Rey Apartments priced from $650. Junction at Ironhorse has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here are the most affordable Parkway Terrace apartments for rent in Tucson, AZ:

Apartment ListingModel NameBed/BathPriced From
Del Rey ApartmentsStudio, 1 BathroomStudio,1BA$650
Junction at IronhorseD14BR,4BA$699
Villas Las MandarinasStudioStudio,1BA$699
Royal ElCon Apartments1x11BR,1BA$708
Miramonte ApartmentsStudioStudio,1BA$725
The RetroCALL OR SCHEDULE YOUR TOUR TODAY... WALK-INS AL...Studio,1BA$749
Randolph Place Apartments1 Beds, 1 Baths1BR,1BA$775
Sheraton Arms Apartments1x1 Upstairs1BR,1BA$795
Garden Lofts on PresidentStudioStudio,1BA$797
Country Club ApartmentsStudio - SmallStudio,1BA$799

Best Value Apartments for Rent in Parkway Terrace, AZ

As of December 11, 2025 the best value apartment in the Parkway Terrace area is the $0.90 price per square foot Milledge 3x3 Model at Cottages at Tucson in the in the South Tucson neighborhood starting from $1,249. The second greatest value Parkway Terrace apartment is the Three Bedroom Model at Cottonwood Creek starting at $1,860 with a $1.35 price per square foot in the Sam Hughes 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$0.90
Cottonwood CreekThree Bedroom3BR,2BA$1.35
The Mark Tucson3x3 - Camden3BR,3BA$1.10
Del Rey Apartments2 Bedrooms, 1 Bathroom2BR,1BA$1.18
Westwood Apartments2 Bedroom 1 Bath - 260472BR,1BA$1.30
Riata Court Apartments2 Bedroom / 2 Bath2BR,2BA$0.85
Royal ElCon Apartments1x11BR,1BA$1.18
Fresh new look at Orange Blossom Apartments!1BR/1.0BA1BR,1BA$1.42
Randolph Place Apartments1 Beds, 1 Baths1BR,1BA$1.49
Campus Crossings on 8th Street1 Bedroom 1 Bathroom1BR,1BA$1.11

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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!

Getting Around the Parkway Terrace Neighborhood in Tucson, AZ

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

92 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $799.

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

The cheapest apartment in Parkway Terrace is Royal ElCon Apartments which is listed at $708, while the average apartment in Parkway Terrace costs $18,700.

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 245 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 $1,171 which is $17,529 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.

Articles, How-To's, and Tips

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!