Apartments in Tempe Under $500

Tempe brims with apartment options, and average monthly rents cost tenants about $1,000 a month. Given that rent average, finding Tempe apartments that cost less than $500 a month is a challenge, but it’s possible. It’s even more workable if you can extend your rent budget to $550 to $575 a month.

  • Sycamore Square

    1120 South Sycamore, Mesa, AZ 85202

    $438 - $438
    2 - 2 Bedrooms


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  • Sunshine Valley

    1650 South Arizona Avenue, Chandler, AZ 85286

    $363 - $363
    2 - 2 Bedrooms


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  • Sonoma Villas

    1800 East Covina Street Mesa Arizona 85203

    $0 - $0
    1 - 2 Bedrooms


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  • Mountain View Condo Rentals

    425 East Brown Road, Mesa, AZ 85215

    $284 - $348
    2 - 3 Bedrooms


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  • Mesa Park

    604 W. 8th Ave, Mesa, AZ 85210

    $329 - $425
    2 - 3 Bedrooms


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  • Heritage Pointe

    275 W Juniper Ave,Gilbert, AZ 85233

    $408 - $463
    2 - 2 Bedrooms


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  • Hayden Terrace Apartments

    1925 E Hayden Ln, Tempe, AZ 85281

    $0 - $0
    2 - 2 Bedrooms


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  • Falling Waters

    4301 N. 24th Street Phoenix, AZ 85016

    $0 - $0
    1 - 3 Bedrooms


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  • Dobson Bay Club

    1331 W. Baseline Road, #201 Mesa, AZ 85202

    $0 - $0
    2 - 3 Bedrooms


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  • Cypress Commons

    447 W Rio Salado Pkwy, Mesa, AZ 85201

    $375 - $375
    2 - 2 Bedrooms


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  • Arcadia Place Condos

    3445 N 36th Street, Phoenix, Arizona 85018

    $488 - $488
    2 - 2 Bedrooms


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  • Anzio

    1330 W. Broadway Rd Tempe, AZ 85282

    $0 - $0
    1 - 2 Bedrooms


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  • The Standard

    615 S Hardy Drive Tempe, AZ 85281

    $418 - $418
    2 - 2 Bedrooms


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  • The Nines Apartment Homes

    999 E Baseline DriveTempe, AZ 85283

    $413 - $413
    2 - 2 Bedrooms


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  • Residences at Fountainhead

    2520 S. Plaza Drive Tempe , AZ 85282

    $0 - $0

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  • Eden

    2045 S McClintock Dr, Tempe, 85282

    $458 - $475
    2 - 2 Bedrooms


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  • Arbour Park

    1901 E. Apache Blvd.Tempe, AZ 85281

    $0 - $0
    1 - 1 Bedrooms


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  • Allure at Tempe

    1155 West Grove ParkwayTempe, AZ 85283

    $324 - $483
    2 - 4 Bedrooms


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  • 1133 West Fifth

    1133 West Fifth St. | Tempe, AZ 85281

    $0 - $0
    2 - 2 Bedrooms


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For $500 a month, there are some studio and one-bedroom apartments available in Tempe and the surrounding area. These apartments are usually in smaller, older apartment communities with few extra amenities. So while you won’t likely find swimming pools or fun recreation areas in these apartment complexes, you will find the typical features. Amenities such as parking, laundry facilities and storage are commonly included. Utility costs may or may not be included, so be sure to check whether you will be responsible for those extra costs.

Rent prices are mostly steady throughout the region, and apartments near ASU cost about the same as comparable apartments in other parts of Tempe. However, some of the lesser-served neighborhoods may offer deals in your price range, and some smaller nearby towns may be a good option.

If you want more amenities in larger apartment communities, you may need to get creative. Look for move-in specials that could lower our overall costs. Consider taking a roommate. Check to see if you qualify for rental assistance programs.

Be sure to calculate any potential extra costs so you aren’t caught off-guard at the end of the month. Transportation costs can be pricey if your apartment building is far from your daily destinations. Cooling costs can be significant, depending on the type of cooling unit installed in the apartment. Find out what air conditioning unit is available, and check with the local power company to determine your expected costs. Finally, Tempe is a very safe community, but it’s also a good idea to check out the safety of your potential neighborhood.