Apartments for Rent in Tempe, AZ

Prices and availability in Tempe, AZ were last updated on 14 May 2026.

The best apartments in Tempe, AZ are: Murietta at ASU, Aura Watermark, The Place On Jentilly, Villatree Apartments and The Retreat at Rio Salado.

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

The price range for a studio apartment in Tempe, AZ is between $859 and $4,875.

The price range for a 1-bedroom apartment in Tempe, AZ is between $875 and $15,645.

The price range for a 2-bedroom apartment in Tempe, AZ is between $875 and $8,070.

The price range for a 3-bedroom apartment in Tempe, AZ is between $800 and $9,896.

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.

Rental apartments in Tempe come in a range of sizes and floorplans. Studio apartments represent 5% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 40% of the total apartments in the city, while 2-bedroom floorplans represent around 43% of all rentals in Tempe. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.