Apartments for Rent in Tempe, AZ

Prices and availability in Tempe, AZ were last updated on 16 Sep 2026.

The best apartments in Tempe, AZ are: Murietta at ASU, Sentry Tempe, Onnix Apartments, Volta on Broadway and Skywater at Tempe Town Lake.

The average rent in Tempe, AZ is $1,879.

The price range for a studio apartment in Tempe, AZ is between $869 and $4,873.

The price range for a 1-bedroom apartment in Tempe, AZ is between $849 and $15,645.

The price range for a 2-bedroom apartment in Tempe, AZ is between $875 and $7,601.

The price range for a 3-bedroom apartment in Tempe, AZ is between $875 and $8,204.

In Tempe 58% of the housing is rented out compared to 42% of homes are owned, according to the most recent Census Bureau estimates. 31% of Tempe's apartments are found in large buildings of 50 units or more, 55% are located in smaller apartment complexes with less than 50 units, and 13% are single-family rentals.

The average age of rental buildings in Tempe is 28 years old, with 44% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 82% are garden-style apartment communities, 20% are mid-sized buildings, and 6% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Studio apartments in Tempe are around 5% of rentals, while 1-bedroom floor plans represent 40% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 43% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.