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Prices and availability in Tempe, AZ were last updated on 9 Nov 2026.
The best apartments in Tempe, AZ are: Murietta at ASU, Norte Town Lake Apartments, Finisterra On Grove, San Portella and Allure at Tempe Apartments.
In Tempe, 58% of the residents are renting compared to 42% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 31% of Tempe's rentals, 55% are small-scale complexes with under 50 units, and 13% are single-family rentals.
Finding apartments for rent in Tempe, AZ for less than $1,200 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 538 available units in Tempe, AZ, renting for under $1,200. On average, $1,280 can get you 769 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
Having to compromise on either price or location can turn your “apartments near me under $1,200” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,200 in Tempe, AZ goes for $700 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.
