Metabolic transformation is a hallmark of cancer and a critical target for cancer therapy. Cancer metabolism and behavior are regulated by cell-intrinsic factors, as well as metabolite availability in the tumor microenvironment (TME). This metabolic niche within the TME is shaped by four tiers of regulation, including: 1) intrinsic tumor cell metabolism, 2) interactions between cancer and non-cancerous cells, 3) tumor location and heterogeneity, and 4) whole-body metabolic homeostasis. Here, we will define these modes of metabolic regulation and review how distinct cell types contribute to the metabolite composition of the TME. Finally, we will connect these insights to understand how each of these tiers offers a unique therapeutic potential to modulate the metabolic profile and function of all cells inhabiting the TME.