Apartments for Rent in Tempe, AZ

Prices and availability in Tempe, AZ were last updated on 24 Aug 2026.

The best apartments in Tempe, AZ are: Murietta at ASU, Onnix Apartments, Sentry Tempe, Parq on 5th 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 $856 and $5,431.

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 $935 and $7,715.

The price range for a 3-bedroom apartment in Tempe, AZ is between $895 and $10,231.

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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Tempe are about 28 years old, on average. Of these, 44% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 82% of the rental communities here are low-rise, garden-style communities, 20% are mid-rises, and 6% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.