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Apartments Under $500 in Tempe, AZ

1 - 4 of 4 Results
4
$500
1521 E Southern Ave Unit Bedroom
Tempe, AZ
1 BR | Jan. 1, 2026
Contact
Dishwasher
Rural-Geneva
27
$300
187 Sq Office Suite On Mcclintock/baseline! $399 Move-in Special! Ready For Immediate Move-in!
1834 E Baseline Rd Ste 106 Tempe, AZ
Studio | Ask for Availability
Contact
House
Air Conditioning
29
$ Ask - 2,400
Galleria Palms
1600 W La Jolla Drive Tempe, AZ
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
25
$ Ask - 1,560
Park Place Tempe
1317 S Terrace Rd Tempe, AZ
1 - 4 BR | Ask for Availability
Contact
Air Conditioning
Fitness Center
Pool
Jen Tilly Terrace
1 - 4 of 4 Results
  1. Home
  2. Phoenix, AZ Area Apartments
  3. Tempe
  4. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Tempe, AZ on Rentable.co?

There are 4 apartments under $500 in Tempe currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Tempe?

Rentable.co has 194 studio apartments under $500 available for rent in Tempe.

How many one-bedroom apartments under $500 are available in Tempe?

Rentable.co has 615 one-bedroom apartments under $500 available for rent in Tempe.

How many two-bedroom apartments under $500 are available in Tempe?

Rentable.co has 627 two-bedroom apartments under $500 available for rent in Tempe.

Can I afford a apartment under $500 in Tempe, AZ?

To comfortably afford a apartment under $500 in Tempe based on average rent prices, a household would need an annual income of $16,000.

Which neighborhoods have the most apartments under $500 for rent in Tempe, AZ?

  1. Sonorita
  2. Rural-Geneva
  3. Mitchell Park
  4. Meyer Park
  5. Escalante

Apartments Under $500 in Tempe, AZ: December Rental Information

Welcome to the December 2025 Tempe Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 key findings and figures for the Tempe rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Tempe and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Tempe.

Whether you're a student on a tight budget or simply looking for an affordable place to live, our report aims to provide valuable information to make your apartment search easier. Stay tuned to find out about the latest rental trends and options in Tempe!
0 10 20 30 40 <$900 $940 $1,020 $1,100 $1,180 $1,260 $1,340 $1,420 $1,500 $1,580 $1,660 $1,740 $1,820 >$1,900

Looking for Apartments Under $500 in Tempe?

Available apartments under $500 1,517
Top amenities Fitness Center, Air Conditioning, Covered Parking, Refrigerator, Hot Tub / Spa
Deals 11
Pet friendly 18
Studio 4
1 Bedroom 5
2 Bedroom 9

Where are Tempe Apartments Under $500?

Top Neighborhoods Sonorita, Rural-geneva, Mitchell park, Meyer park, Escalante
Sonorita 1
Rural-Geneva 1
Mitchell Park 1
Meyer Park 1
Escalante 1
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