Cheapest Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Lindon Park, Tempe Gardens, and Margo Manor. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of July 28, 2026, the average rent in Tempe is $1,488, which is 1.1% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Lindon Park
Average Rent
$1,070/Month
Units Available
10 Rentals
Lindon Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lindon Park is $1,070 while the city average is $1,488.
Tempe Gardens
Average Rent
$1,115/Month
Units Available
40 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Tempe Gardens. The average rent is $1,115, compared to the city average of $1,488.
Margo Manor
Average Rent
$1,117/Month
Units Available
11 Rentals
Margo Manor is an affordable neighborhood in Tempe with an average rent price of $1,117. Compare this to the city average of $1,488.
Westgate
Average Rent
$1,123/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Westgate might be the perfect place! It has an average rent price of $1,123, while the city’s average stands at $1,488.
Parkside Manor
Average Rent
$1,124/Month
Units Available
11 Rentals
Parkside Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Parkside Manor is $1,124 while the city average is $1,488.
Bar Ranchos
Average Rent
$1,131/Month
Units Available
14 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Bar Ranchos. The average rent is $1,131, compared to the city average of $1,488.
Oaks
Average Rent
$1,175/Month
Units Available
15 Rentals
Oaks is an affordable neighborhood in Tempe with an average rent price of $1,175. Compare this to the city average of $1,488.
Broadmor
Average Rent
$1,182/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Broadmor might be the perfect place! It has an average rent price of $1,182, while the city’s average stands at $1,488.
12Fifty5 on University
Average Rent
$1,200/Month
Units Available
104 Rentals
12Fifty5 on University is a top choice for budget-conscious renters for a variety of reasons. The average rent in 12Fifty5 on University is $1,200 while the city average is $1,488.
Cavalier Hills
Average Rent
$1,203/Month
Units Available
16 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Cavalier Hills. The average rent is $1,203, compared to the city average of $1,488.
Ready to make your move to Tempe? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.