Cheap Apartments for Rent in the Parkway Terrace Neighborhood of Tucson, AZ from $400 (95 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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property at 1703 E 13th St

$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

1703 E 13th St

TucsonAZ85719

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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Capistrano
Rent Specials
$1,035 - $1,330
Total Monthly Price

Total Monthly Price

Base Rent
$1,035 - $1,330
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Varies
Studio to 2 Bedroom Apartments Available Now

Capistrano

2929 E 6th StTucson, AZ 85716
Student Housing
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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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Union on 6th
Rent Specials
$1,225 - $3,050
Total Monthly Price

Total Monthly Price

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$1,225 - $3,050
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Studio to 3 Bedroom Apartments Available Now

Union on 6th

316 E 6th StTucson, AZ 85705
Student Housing
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Borden Court
Studio to 3 Bedroom Apartments

Borden Court

231 E 33rd StTucson, AZ 85713
  • Utilities Included

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 4 Beds unit found at Junction at Ironhorse priced from $699. 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
Junction at IronhorseD14BR,4BA$699
Villas las Mandarinas DEStudio1BR,1BA$699
Tucson Boulevard Apartments1 Bedroom1BR,1BA$725
Broadmoor Apartments1-STUStudio,1BA$749
The Palace ApartmentsStudioStudio,1BA$775
The RetroMove-In Special You Don’t Want to Miss!Studio,1BA$779
Highland Park Apartments1 Beds, 1 Baths1BR,1BA$795
Fresh new look at Orange Blossom Apartments!0BR/1.0BAStudio,1BA$799
Country Club ApartmentsStudio - SmallStudio,1BA$829
Ocotillo Apartments1BR/1BA1BR,1BA$850

Best Value Apartments for Rent in Parkway Terrace, AZ

As of May 01, 2026 the best value apartment in the Parkway Terrace area is the $0.99 price per square foot 4 Beds, 3 Baths Model at LUXURY DUPLEX in the in the Sam Hughes neighborhood starting from $1,800. The second greatest value Parkway Terrace apartment is the Lumpkin 4x4.5 Model at Cottages at Tucson starting at $929 with a $0.52 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.
LUXURY DUPLEX4 Beds, 3 Baths4BR,3BA$0.99
Cottages at TucsonLumpkin 4x4.54BR,4.5BA$0.52
Cottonwood CreekTwo Bedroom2BR,2BA$1.04
The Mark Tucson3x3 - Camden3BR,3BA$1.10
La Racqueta262BR,2BA$1.24
Del Rey Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.09
Riata Court Apartments2 Bedroom / 2 Bath2BR,2BA$0.85
Tucson Boulevard Apartments1 Bedroom1BR,1BA$1.21
Ocotillo Apartments1BR/1BA1BR,1BA$1.45
Highland Park Apartments1 Beds, 1 Baths1BR,1BA$1.42

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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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.

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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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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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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 $850.

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 $1,895.

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 213 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 $1,330 which is $565 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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.