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Tempe, AZ Apartments For Rent

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Tempe Apartments Options

Average Rent in Tempe, AZ

Avg. RentAnnual Change
Tempe Studio - $1,247-4%
Tempe 1 Bed - $1,347-4%
Tempe 2 Beds - $1,6390%
Last updated 6/21/2024

Local Guide

See what Tempe, AZ has to offer.

Local Reviews

The neighbour hood is safe. The public transport is good. There is good security and safety even during late nights and early mornings.

College town, large diversity! Everyone is nice and there is a good social scene near the college with lots of bars and restruants

Go to the db with the friends who are looking for. Please let me know if you need anything else from me and. Quiet and good clg we are going to be a little.

I enjoy having places I can eat nearby. Then it is nice being able to walk to most locations I want to spend time at.

I like that there are quite a few businesses within walking distance, because I don't have a car right now. I enjoy the park that's nearby with our dog.

The Neighborhood is quite. And there are restaurants, bars, and stores very close. And there is a part less than a mile away.

Demographics

Education

High School

22%

Associate's

33%

Bachelor's

28%

Master's

15%

Doctorate

3%

Family Size

2 people

48%

3 people

23%

4 people

19%

5 people

6%

6+ people

4%

Household Income

0-50k

43%

50-100k

31%

100-150k

14%

150-200k

6%

200k+

5%

Age

0-10

8%

10-20

13%

20-45

49%

45-65

19%

65+

10%

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/21/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Tempe, AZ

In Tempe, AZ, as of 2024, the average rent for apartments ranges from $1,247 to $1,639. Specifically, the average rent for a studio apartment in Tempe, AZ is $1,247. For those seeking a 1-bedroom apartments, the average rent is $1,347. And for a 2-bedroom apartment, renters can expect to pay an average of $1,639.

Annual Rent Change Over the Past 12 Months

Studio

-4%

Changed from $1,299 to $1,247
1 Bed

-4%

Changed from $1,403 to $1,347
2 Beds

0%

Changed from $1,639 to $1,639
Last updated 6/21/2024

Rent Ranges

Apartment PricesProportion
0%
5%
21%
23%
51%

Compare Other Cities

CityStudio Avg RentAnnual Change
Scottsdale$1,889+11%
Buckeye$1,837--
Peoria$1,726-3%
Chandler$1,548+36%
Surprise$1,517--
Gilbert$1,479-5%
Goodyear$1,320+4%
Maricopa$1,319--
Tempe$1,247-4%
Casa Grande$1,131-54%
Mesa$1,112+6%
Phoenix$1,104-2%
Avondale$1,049-31%
Glendale$962-1%
City1 Bed Avg RentAnnual Change
Paradise Valley$2,050-7%
Cave Creek$2,000+18%
Scottsdale$1,935-3%
Tolleson$1,769+6%
Chandler$1,688+9%
Queen Creek$1,660-1%
Buckeye$1,655+84%
Goodyear$1,595+10%
Laveen$1,595--
Surprise$1,566+1%
Gilbert$1,560-11%
San Tan Valley$1,550--
Sun City$1,500-25%
Avondale$1,469-1%
Peoria$1,460-6%
Maricopa$1,459+39%
Tempe$1,347-4%
Glendale$1,314+1%
Mesa$1,312-1%
Phoenix$1,299-1%
Apache Junction$1,295--
Casa Grande$1,274-51%
Coolidge$1,1200%
City2 Beds Avg RentAnnual Change
Scottsdale$2,247-18%
Tolleson$2,177+12%
Fountain Hills$2,100--
Chandler$2,084+6%
Gilbert$1,929-5%
Queen Creek$1,920-5%
Laveen$1,912--
Buckeye$1,880--
Goodyear$1,867+15%
Paradise Valley$1,850-20%
Surprise$1,816+3%
Avondale$1,774+4%
Peoria$1,723-4%
Sun City$1,700--
Maricopa$1,675+28%
Tempe$1,6390%
Mesa$1,587-2%
Phoenix$1,574-3%
Glendale$1,562-2%
Casa Grande$1,335-54%
Apache Junction$1,299-10%
Coolidge$1,220+2%

Compare Neighborhoods

Broadmor

$1,050

1 Bed Avg. Rent

Alegre

$1,095

1 Bed Avg. Rent

Jen Tilly Terrace

$1,120

1 Bed Avg. Rent

What are the most affordable neighborhoods in Tempe, AZ?

For renters in Tempe seeking more affordable options, the neighborhoods to watch are Broadmor, Alegre, and Jen Tilly Terrace, where average rents for 1-bedroom apartments stand at $1,050, $1,095, and $1,120 respectively. Additional areas offering value are Chesapeake and Alameda, where the rents are $1,175 and $1,287, a favorable comparison to Tempe's overall 1-bedroom average of $1,347.

What are the most expensive neighborhoods in Tempe, AZ?

In Tempe, the neighborhoods commanding the highest rents are Riverside, Sunset, and University Heights. A 1-bedroom apartment in Riverside averages at $1,495, in Sunset it averages $1,425, and in University Heights, the average is $1,400. For additional high-end living options, Holdeman offers 1-bedroom apartments at $1,322, and Downtown at $1,300. These rates compare to the overall average rent of $1,347 for a 1-bedroom apartment in Tempe, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Tempe, AZ?

In Tempe, the most sought-after neighborhoods for renters include Sunset, Riverside, and Downtown. In Sunset, the average rent for a 1-bedroom apartment is $1,425. Riverside sees average rents of $1,495 for a 1-bedroom unit. Downtown offers similar appeal with 1-bedroom apartments averaging $1,300. For those seeking other popular areas, Apache presents 1-bedroom apartments at $1,290, and University Heights at $1,400. These prices are set against the backdrop of the city-wide average of $1,347 for a 1-bedroom apartment in Tempe, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Alameda$1,863+44%
Riverside$1,295--
Holdeman$1,265--
Sunset$1,150+5%
Apache$1,039-12%
Neighborhood1 Bed Avg RentAnnual Change
Riverside$1,495+13%
Sunset$1,4250%
University Heights$1,400--
Holdeman$1,322+4%
Downtown$1,300--
Apache$1,290+3%
Alameda$1,2870%
Chesapeake$1,175-16%
Jen Tilly Terrace$1,120--
Alegre$1,095+42%
Broadmor$1,050-12%
Neighborhood2 Beds Avg RentAnnual Change
Jen Tilly Terrace$2,400--
The Lakes$2,0000%
Villagio at Tempe$1,995--
Downtown$1,895--
Apache$1,848+11%
Chesapeake$1,800--
Hudson Trace$1,790--
Alameda$1,685+15%
Sunset$1,682-2%
Broadmor$1,549--
Holdeman$1,482-2%
Riverside$1,3950%
Alegre$1,395+21%

Transportation

Commute Time

0-15 Mins

29%

15-30 Mins

50%

30-40 Mins

12%

40-60 Mins

6%

60+ Mins

3%

Transportation Scores

Percentage: 6262

Walk Score®

Walkable

No

Say 69 of 132 renters

Has Sidewalks

Yes

Say 101 of 132 renters

Percentage: 8181

Bike Score®

Bike Friendly

Yes

Say 78 of 132 renters

Percentage: 5252

Transit Score®

They Are Located Near Public Transportation

Yes

Say 95 of 132 renters

Need A Car

No

Say 84 of 132 renters

Area Amenities

Top Score

Restaurants

3/5 stars based on undefined reviews

The restaurant scene here is really cooking with gas.

  1. A high number of restaurants per resident
  2. Significantly more restaurants than average
  3. 20% more restaurants than areas of a similar size

Coffee

3/5 stars based on undefined reviews

Things are heating up. Tempe gets a solid score for coffee.

  1. A high number of coffee shops per resident
  2. Significantly more coffee shops than average
  3. 47% more coffee shops than areas of a similar size

Health and Fitness

3/5 stars based on undefined reviews

We'd be gym buddies with Tempe.

  1. A high number of gyms per resident
  2. Significantly more gyms than average
  3. 8% more gyms than areas of a similar size

Grocery Stores

2.5/5 stars based on undefined reviews

Not bad on the supermarket score. Tempe gets an average rating.

  1. A high number of grocery stores per resident
  2. Significantly more grocery stores than average
  3. 9% fewer grocery stores than areas of a similar size

Nightlife

2.5/5 stars based on undefined reviews

Nightlife is on the rocks in Tempe.

  1. A high number of bars and clubs per resident
  2. Significantly more bars and clubs than average
  3. 37% fewer bars and clubs than areas of a similar size

Retail Shops

2.5/5 stars based on undefined reviews

The shopping scene here is a size medium.

  1. A high number of shops per resident
  2. Significantly more shops than average
  3. A standard number of shops compared to areas of a similar size

Pet Services

2.5/5 stars based on undefined reviews

Who's an ok boy? Tempe doesn't deserve many treats.

  1. A high number of pet facilities per resident
  2. Significantly more pet facilities than average
  3. 23% fewer pet facilities than areas of a similar size

Medical Care

2.5/5 stars based on undefined reviews

Healthcare in Tempe doesn't tip the scales.

  1. Few medical facilities per resident
  2. Significantly more medical facilities than average
  3. 64% fewer medical facilities than areas of a similar size

Gas Stations

2.5/5 stars based on undefined reviews

The road is less traveled for filling the tank up in Tempe.

  1. A high number of gas stations per resident
  2. Significantly more gas stations than average
  3. 21% fewer gas stations than areas of a similar size

Parks

2/5 stars based on undefined reviews

Not too many park perks in Tempe.

  1. Few parks per resident
  2. Significantly more parks than average
  3. 41% fewer parks than areas of a similar size

Fine Arts

2/5 stars based on undefined reviews

You gotta Van Gogh somewhere else for art.

  1. A high number of fine art centers per resident
  2. Significantly more fine art centers than average
  3. 38% fewer fine art centers than areas of a similar size

Area Features

Area Has Litter

No

Say 115 of 132 renters

Area Has Potholes

No

Say 111 of 132 renters

Noise Late At Night

No

Say 108 of 132 renters

Near Grocery Stores

Yes

Say 104 of 132 renters

Pet Friendly

Yes

Say 104 of 132 renters

Good Place To Raise A Family

Yes

Say 96 of 132 renters

Mostly Older Buildings

No

Say 94 of 132 renters

Near Schools

Yes

Say 89 of 132 renters

Nearby Parks

Yes

Say 86 of 132 renters

Near Highways

Yes

Say 76 of 132 renters

Safe For Families

Yes

Say 69 of 132 renters

Busy Streets

No

Say 67 of 132 renters

Quiet Area

Yes

Say 67 of 132 renters

Area Has Kids Play Outside

No

Say 67 of 132 renters

Well Lit

No

Say 73 of 132 renters

Maintained Yards

No

Say 74 of 132 renters

Tree Lined Streets

No

Say 93 of 132 renters

Nice Views

No

Say 95 of 132 renters

Mostly Newer Buildings

No

Say 96 of 132 renters

Near Downtown

No

Say 101 of 132 renters

Schools

Percentage: 3/53/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Tempe

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

About

Tempe, AZ

Overview of Tempe

Tempe is bordered by Phoenix, Scottsdale, Chandler, Mesa, and Guadalupe, all within the "Valley of the Sun," or metro Phoenix. Aside from being part of the larger metro area, Tempe is a significant city in its own right. With more than 160,000 residents, Tempe considers itself a center for education and commerce. Its many quiet residential areas are supported by Tempe's growing downtown district with its own impressive skyline. Popular neighborhoods in Tempe include: Riverside, Holdeman, Hudson Manor and Sunset.

Tempe Apartments & Rentals

Tempe's cost of living is only slightly above average compared to the rest of the country. The significant adjustment to housing prices and costs during the economic downturn of recent years has helped in keeping rental prices affordable. Studio apartments in Tempe start at around $450 monthly. One-bedroom apartments can be found for between $650 and $950 a month, depending on location, size and amenities. Most two-bedroom apartments start around $700. Most Tempe apartment complexes are low-rise and garden style, although there is a selection of upscale high-rises. Generally these surround Tempe Town Lake. You can also find rental condos, townhomes, and houses.

Tempe Attractions and Information

Arizona State University (ASU) is a major player in Tempe's economy. It is the largest university in the nation with more than 70,000 students. ASU not only brings thousands of students into the city each year, but it also is a major employer.

The Tempe Town Lake in downtown is a main attraction for residents and visitors alike. This outdoor recreation area includes a large beach park, fishing and boating. Mill Avenue, in downtown Tempe near the University, is a trendy district with coffee shops, eateries, bars, retailers and entertainment venues.

You can get your shopping diva on at the Arizona Mills Mall, a destination shopping center with 175 stores, movie theaters, an IMAX theater and many restaurants. Sea Life Aquarium is also located at the mall. Tempe apartments are also close to many attractions, including a water park, historic and art museums, parks and recreation areas, and in the spring you can catch Major League spring training baseball games at Tempe's Diablo Stadium.

Tempe Neighborhood Guides

If you're trying to find the best neighborhood that meets your needs, checkout our Tempe neighborhood guides. These guides walk you though what its like to live in these neighborhoods


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