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.

  • 1133 West Fifth

    1133 West Fifth St. | Tempe, AZ 85281
    Transportation. Just one mile from the western edge of ASU’s campus, 1133 West Fifth apartments put you close to the university’s Brickyard, Tempe Center and its art, design, music and communications buildings. If you prefer to walk the 14 blocks between ...

    $ 0 - $ 0
    2 - 2 Bedrooms

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  • Allure at Tempe

    1155 West Grove ParkwayTempe, AZ 85283
    Transportation. At less than six miles southwest of the ASU campus and downtown Tempe, Allure at Tempe is nicely situated to freeways, services and public transportation. The apartments are less than a mile from the Elliott Road onramp to Interstate 10, ...

    $ 324 - $ 483
    2 - 4 Bedrooms

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  • Arbour Park

    1901 E. Apache Blvd.Tempe, AZ 85281
    Transportation Arbour Park Apartments are less than two miles east of ASU’s Tempe campus on East Apache Boulevard. Traveling west on East Apache takes you directly into the southeastern portion of the campus, near the Sandra Day O’Connor ...

    $ 0 - $ 0
    1 - 1 Bedrooms

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  • Eden

    2045 S McClintock Dr, Tempe, 85282
    Transportation. Central to all of Tempe’s attractions, Eden apartments on South McClintock are just a mile-and-a-half from the southeast corner of the ASU campus. In that area of campus, you’ll find residence halls, university services and the Sun Devil Fitness Complex. ...

    $ 458 - $ 475
    2 - 2 Bedrooms

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  • Residences at Fountainhead

    2520 S. Plaza Drive Tempe , AZ 85282
    Transportation. The Residences at Fountainhead on South Plaza Drive are near Interstate 10 and just 2.8 miles southwest of ASU. Commuting to ASU or downtown Tempe is a breeze when you follow South Priest Drive to the north. From South Priest, ...

    $ 0 - $ 0
    - Bedrooms

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  • The Nines Apartment Homes

    999 E Baseline DriveTempe, AZ 85283
    The Nines Apartment Homes The Nines Apartment Homes are located on East Baseline Road, approximately three miles south from the southern tip of the Arizona State University Tempe campus. If you need to commute to other areas of Tempe or take frequent ...

    $ 413 - $ 413
    2 - 2 Bedrooms

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  • The Standard

    615 S Hardy Drive Tempe, AZ 85281
    The Standard Apartment Homes If you want to walk or bike your way to campus and enjoy the many outdoor beauties surrounding Tempe Town Lake, you may consider moving into The Standard Apartment Homes on South Hardy Drive. After walking or biking ...

    $ 418 - $ 418
    2 - 2 Bedrooms

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  • Anzio

    1330 W. Broadway Rd Tempe, AZ 85282
    Transportation. Anzio apartments place you right in the heart of Tempe, less than two miles southwest of ASU and downtown and one mile from Interstate 10 and Highway 143. Commuting to ASU is a breeze, taking just five to seven minutes ...

    $ 0 - $ 0
    1 - 2 Bedrooms

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  • Arcadia Place Condos

    3445 N 36th Street, Phoenix, Arizona 85018
    Transportation. Less than nine miles northwest of ASU and Tempe’s downtown, Arcadia Place Condos is perfectly situated for convenience and hassle-free commuting. Because you’re traveling in the opposite direction of most commuters, driving to ASU is a quick 14 to 20 ...

    $ 488 - $ 488
    2 - 2 Bedrooms

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  • Cypress Commons

    447 W Rio Salado Pkwy, Mesa, AZ 85201
    Transportation. A comfortable four-and-a-half miles from ASU, Cypress Commons apartment homes make commuting to campus a breeze. The apartments are directly east of the university along Rio Salado Parkway. The parkway’s often the best route to take to campus because it ...

    $ 375 - $ 375
    2 - 2 Bedrooms

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  • Dobson Bay Club

    1331 W. Baseline Road, #201 Mesa, AZ 85202
    Transportation. Proximity to the Superstition Freeway, Interstate 10 and important local institutions like ASU make living at Dobson Bay Club extremely convenient. If you commute to the university, driving the six-and-a-half miles to campus can be a quick 12-minute trek. During ...

    $ 0 - $ 0
    2 - 3 Bedrooms

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  • Falling Waters

    4301 N. 24th Street Phoenix, AZ 85016
    Falling Waters Apartments Although the Falling Waters Apartments have a Phoenix address, they’re popular with Arizona State University students and faculty members who want to live outside of the immediate campus area. Situated approximately 10 miles northwest of the Tempe campus, six ...

    $ 0 - $ 0
    1 - 3 Bedrooms

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  • Hayden Lane

    1920 East Hayden Lane Tempe, AZ 85281
    Hayden Lane Apartments Hayden Lane is a popular street for residents interested in living close to the Arizona State University Tempe campus. The Hayden Lane Apartments are located just short of a mile from the eastern edge of campus, so you can ...

    $ 300 - $ 300
    2 - 2 Bedrooms

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  • Hayden Terrace Apartments

    1925 E Hayden Ln, Tempe, AZ 85281
    Hayden Terrace Apartments If you want to live close to the Arizona State University Tempe campus, you should know about Hayden Lane. This is a street approximately one mile from the eastern edge of campus that features a variety of affordable apartment ...

    $ 0 - $ 0
    2 - 2 Bedrooms

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  • Heritage Pointe

    275 W Juniper Ave,Gilbert, AZ 85233
    Heritage Pointe Apartment Homes The Heritage Pointe Apartment Homes are located in the city of Gilbert, approximately 11 miles southeast of the Arizona State University Tempe campus. If you want to live off campus while remaining a reasonable drive away, this apartment ...

    $ 408 - $ 463
    2 - 2 Bedrooms

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  • Mesa Park

    604 W. 8th Ave, Mesa, AZ 85210
    Mesa Park Apartments The Mesa Park Apartments are located on West 8th Avenue in Mesa, Arizona, approximately six miles southeast of the Arizona State University. If you take Alma School Road to West University Drive in light traffic, ...

    $ 329 - $ 425
    2 - 3 Bedrooms

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  • Mountain View Condo Rentals

    425 East Brown Road, Mesa, AZ 85215
    Mountain View Condo Rentals The Mountain View Condos are located in Mesa, Arizona, on East Brown Road, approximately six miles east of the Arizona State University Tempe campus. You can reach the northern edge of campus in under 15 minutes without traffic ...

    $ 284 - $ 348
    2 - 3 Bedrooms

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  • Sonoma Villas

    1800 East Covina Street Mesa Arizona 85203
    Sonoma Villas Travel east on University Drive for approximately eight miles from the eastern edge of the Arizona State University campus in Tempe, and you’ll find the Sonoma Villas one block north of University. Positioned on East Covina Street in the city ...

    $ 0 - $ 0
    1 - 2 Bedrooms

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  • Sunshine Valley

    1650 South Arizona Avenue, Chandler, AZ 85286
    Transportation. Located four blocks from Santan Freeway/Loop 202, Sunshine Valley apartments are convenient to many of the area’s most important sites. While you’re 14.5 miles from ASU’s campus and downtown Tempe, you can drive to either site in less than 20 ...

    $ 363 - $ 363
    2 - 2 Bedrooms

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  • Sycamore Square

    1120 South Sycamore, Mesa, AZ 85202
    Transportation. Five-and-a-half miles southeast of ASU, Sycamore Square apartments put you in easy range of campus. If you’re heading to southern areas of ASU to sites such as Sun Devil Fitness Complex, McCord Hall and the Carey School of Business, the ...

    $ 438 - $ 438
    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.