Prices and availability in Tempe, AZ were last updated on 26 Sep 2026.
The best apartments in Tempe, AZ are: Murietta at ASU, Onnix Apartments, Sentry Tempe, Tempe Park Place Apartments and Aura Watermark.
The average rent in Tempe, AZ is $1,879.
The price range for a studio apartment in Tempe, AZ is between $895 and $5,929.
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 $849 and $8,254.
The price range for a 3-bedroom apartment in Tempe, AZ is between $875 and $8,254.
In Tempe, 58% of the residents are renting compared to 42% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 31% of Tempe's rentals, 55% are small-scale complexes with under 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.
