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Cheap Apartments for Rent in Downtown Tempe, Tempe, AZ

25 rentals

The Bradford - Photo 1 of 1

5d+ ago

7.8

Very good

The Bradford

1037 S Farmer Ave, Tempe, AZ 85281

Affordable

1 bed

1 bath

$850

Apartment for rent

A526 - Photo 1 of 1

5d+ ago

7.8

Very good

A526

905 S Mariana St, Tempe, AZ 85281

Affordable

1 bed

1 bath

$895

Apartment for rent

Paseo on University - Photo 1 of 1
Rent special

2h ago

9.9

Excellent

Our team has verified this company

Verified

Paseo on University

1255 E University Dr, Tempe, AZ 85281

Affordable | On-site laundry | Garage parking

Studio–2 beds

1–2 baths

$1,027–$2,946

Price drop

Apartment for rent

Top amenities
Assigned Parking
Fitness Center
Garage Parking
On-Site Laundry
Residents Lounge
Storage

Call

Parq on 5th - Photo 1 of 1

11h ago

9.9

Excellent

Our team has verified this company

Verified

Parq on 5th

805 W Brown St, Tempe, AZ 85281

Affordable | In-unit laundry | Garage parking

Studio–2 beds

1 bath

$1,027–$1,612

Price drop

Apartment for rent

Top amenities
Carpet
Dishwasher
Fitness Center
On-Site Management
Package Service
Swimming Pool

Call

The Vintage - Photo 1 of 1
3D tour

1d ago

9.9

Excellent

Our team has verified this company

Verified

The Vintage

1700 S College Ave, Tempe, AZ 85281

Affordable | In-unit laundry | Assigned parking

1–2 beds

1 bath

$1,095–$1,495

Apartment for rent

Top amenities
In-Unit Laundry
Microwave

Call

906 S Farmer Ave - Photo 1 of 1

5d+ ago

Cheap apartment for rent in Tempe

906 S Farmer Ave, Tempe, AZ 85281

Affordable

2 beds

1 bath

$1,100

Apartment for rent

Nearby rental good for eco-living

$1,095–$1,495

Tempe

Nearby rental good for pet owners

$1,027–$2,946

Tempe

Scene 1 Condos - Photo 1 of 1

4d ago

8.6

Very good

Scene 1 Condos

700 W University Dr, Tempe, AZ 85281

Affordable | In-unit laundry

1–2 beds

1 bath

$1,100

Apartment for rent

Top amenities
In-Unit Laundry
$500 off move in, Ready for Immediate Move in! - Photo 1 of 1

1d ago

8.6

Very good

$500 off move in, Ready for Immediate Move in!

1320 S Hardy Dr, Tempe, AZ 85281

Affordable | In-unit laundry

1 bed

1 bath

$1,175

Apartment for rent

Top amenities
In-Unit Laundry
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West 5th - Photo 1 of 1
Highly rated

14h ago

9.3

Excellent

West 5th

601 W 5th St, Tempe, AZ 85281

Affordable | On-site laundry | Assigned parking

1–2 beds

1 bath

$1,199–$1,299

Apartment for rent

Top amenities
Assigned Parking
Controlled Access
Dishwasher
Fitness Center
Microwave
On-Site Laundry
1409 S Mill - Photo 1 of 1

3d ago

8.3

Very good

1409 S Mill

1409 S Mill Ave, Tempe, AZ 85281

Affordable

1 bed

1 bath

$1,200

Apartment for rent

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Find sweet deals near Downtown Tempe

These rentals are 10%-30% cheaper than the local average price for similar rentals.

$1,027–$2,946

Tempe

$1,095–$1,495

Tempe

$1,027–$1,612

Riverside

$1,299

Riverside

The Ivy - Photo 1 of 1
3D tour

5d+ ago

8.8

Very good

The Ivy

1116 E Lemon St, Tempe, AZ 85281

Affordable | In-unit laundry | Assigned parking

1 bed

1 bath

$1,200

Apartment for rent

Top amenities
In-Unit Laundry
Swimming Pool
704 W 5th St #720B - Photo 1 of 1

5d+ ago

Cheap Riverside apartment for rent in Tempe

*MOVE IN SPECIAL* Parkview on 5th - Upgraded 2 Bed 2 Bathroom- Quiet Boutique Property Moments from Arizona State University! In Unit Washer and Dryer!

704 W 5th St #720B, Tempe, AZ 85281

Affordable | In-unit laundry | Assigned parking

2 beds

2 baths

$1,295

Apartment for rent

Available Apr 17

Top amenities
Air Conditioning
Assigned Parking
In-Unit Laundry
On-Site Management
Wheelchair Accessible
1215 E Lemon St #131 - Photo 1 of 1

5d+ ago

Cheap condo for rent in Tempe

1215 E Lemon St #131, Tempe, AZ 85281

Affordable | In-unit laundry | Carpet

2 beds

2 baths

$1,345

Condo for rent

Top amenities
Controlled Access
In-Unit Laundry
1117 E 8th St #C2007 - Photo 1 of 1

5d+ ago

Cheap apartment for rent in Tempe

Affordable | Dishwasher | Oven

2 beds

2 baths

$1,395

Apartment for rent

316-330 S. Hardy Dr. - Photo 1 of 1

5d+ ago

8.3

Very good

316-330 S. Hardy Dr.

316 S Hardy Dr, Tempe, AZ 85281

Affordable | In-unit laundry | Microwave

2 beds

1 bath

$1,550

Apartment for rent

Top amenities
In-Unit Laundry
1411 S Bonarden Ln - Photo 1 of 1

5d+ ago

Cheap townhouse for rent in Tempe

Townhouse, Ranch - Tempe, AZ

1411 S Bonarden Ln, Tempe, AZ 85281

Affordable | In-unit laundry | Dishwasher

2 beds

1 bath

$1,599

House for rent

Top amenities
Air Conditioning
In-Unit Laundry
The Brentwood - Photo 1 of 1

1d ago

8.3

Very good

The Brentwood

910 E Lemon St, Tempe, AZ 85281

Affordable | In-unit laundry | Assigned parking

2 beds

2 baths

$1,695

Apartment for rent

Top amenities
In-Unit Laundry
On-Site Laundry
Swimming Pool
1260 E University Dr - Photo 1 of 1

5d+ ago

9.2

Excellent

Our team has verified this company

Verified

1260 E University Dr

1260 E University Dr, Tempe, AZ 85288

Affordable | Furnished

1 bed

1 bath

$1,845–$2,275

Apartment for rent

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1001 E. Playa Del Norte Dr - Photo 1 of 1

5d+ ago

9.2

Excellent

Our team has verified this company

Verified

1001 E. Playa Del Norte Dr

1001 E Playa Del Norte Dr, Tempe, AZ 85288

Affordable | Furnished

Studio–2 beds

1–2 baths

$1,854–$2,745

Apartment for rent

154 W 5th St #205 - Photo 1 of 1

5d+ ago

Cheap Downtown Tempe condo for rent in Tempe

154 W 5TH ST UNIT 205, TEMPE AZ

154 W 5th St #205, Tempe, AZ 85281

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$1,995

Condo for rent

Top amenities
Carpet
Dishwasher
In-Unit Laundry
On-Site Management
Swimming Pool
707 S Farmer Ave - Photo 1 of 1

5d+ ago

8

Very good

Our team has verified this company

Verified

707 S Farmer Ave

707 S Farmer Ave, Tempe, AZ 85281

Affordable | Furnished

Studio–2 beds

1–2 baths

$2,000–$2,760

Apartment for rent

600 S Roosevelt St - Photo 1 of 1

16h ago

8.5

Very good

600 S Roosevelt St

600 S Roosevelt St, Tempe, AZ 85281

Affordable | In-unit laundry | Dishwasher

3 beds

2 baths

$2,000

House for rent

Top amenities
In-Unit Laundry
Microwave
547 W 18th St - Photo 1 of 1

14h ago

Our team has verified this company

Verified

547 W 18th St, Tempe, AZ 85281

Affordable | On-site laundry | On-site management

4 beds

2 baths

$2,615

$2,385

Price drop

House for rent

Available Feb 20

Top amenities
On-Site Laundry
On-Site Management
1222 S Roosevelt St #NA - Photo 1 of 1

5d+ ago

Our team has verified this company

Verified

ASU Tempe Home - 3 Bed/2 Bath Charming Cottage

1222 S Roosevelt St #NA, Tempe, AZ 85281

Affordable | In-unit laundry | Assigned parking

3 beds

2 baths

$2,995

House for rent

Available Aug 1

Top amenities
Assigned Parking
Ceiling Fan
Dishwasher
In-Unit Laundry
1 Month free!! Restrictions Apply - Photo 1 of 1

14h ago

8.3

Very good

1 Month free!! Restrictions Apply

55 W Thomas Ln, Tempe, AZ 85281

Affordable | In-unit laundry | Garage parking

3 beds

2 baths

$3,195–$3,395

Apartment for rent

Top amenities
In-Unit Laundry
Showing 1 - 25 of 25 results
Home > Apartments in Tempe > Downtown Tempe > Downtown Tempe Cheap Apartments For Rent
Updated: March 6, 2026

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Looking for cheap apartments in Downtown Tempe, Tempe, AZ near you?

💸Lowest price$850
🔑Available apartment rentals25
💰Best rent deal1037 S Farmer Ave
✨Popular amenities, ,
🧦In-unit laundry
🍽With dishwasher
🏠With photos

For more in depth rent prices, check out our Downtown Tempe, Tempe, AZ rent data, which covers average and median rents in Downtown Tempe, Tempe, AZ.

To know how much rent you can afford in Downtown Tempe, Tempe, AZ, use our rent affordability calculator.

If you're looking for a specific type of apartment near Downtown Tempe, Tempe, AZ, use our helpful filters to find an apartment you will love!