Tempe, AZ Rental Market Trends
What is the average rent in Tempe?
The average rent for an apartment in Tempe is $1,868. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Tempe, AZ
| Average Rent | Average Apartment Size |
|---|---|
| $1,868 | 878 sq. ft. |
What is the average apartment size in Tempe?
The average size for a Tempe, AZ apartment is 878 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Tempe, AZ Apartment Rent Ranges
Tempe, AZ Occupied Housing Units
40,329 or 52% of the households in Tempe, AZ are renter-occupied while 35,889 or 47% are owner-occupied.
Tempe, AZ Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tempe, AZ | $1,306 | $1,339 | $1,378 | $1,433 | $1,431 | $1,441 | $1,485 | $1,538 | $1,694 | $1,818 | $1,868 |
| National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
Average Rent in Tempe, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Sandahl | $2,074 |
| Warner Ranch | $2,074 |
| Rio | $1,979 |
| Hughes Acres | $1,890 |
| Peterson Park | $1,890 |
| Shalimar | $1,662 |
| Tempe Gardens | $1,661 |
| Wood Park | $1,661 |
| Bell de Mar Crossing | $1,659 |
| Camelot Village | $1,659 |
| Optimist Park | $1,659 |
| Pepperwood | $1,659 |
What are the most affordable neighborhoods in Tempe?
The most affordable neighborhoods in Tempe are Bell de Mar Crossing, where the average rent goes for $1,659/month, Camelot Village, where renters pay $1,659/mo on average, and Optimist Park, where the average rent goes for $1,659/mo. If you’re looking for other great deals, check out the listings from Pepperwood ($1,659), Tempe Gardens ($1,661), and Wood Park ($1,661), where the asking prices are below the average Tempe rent of $1,868/mo.
What are the most expensive neighborhoods in Tempe?
The most expensive neighborhoods in Tempe are Rio ($1,979), Sandahl ($2,074) and Warner Ranch ($2,074).
What are the most popular neighborhoods in Tempe?
The most popular neighborhood in Tempe is Hughes Acres, where there are 28 verified RentCafe listings with an average rent of $1,890. Next up is Peterson Park, where apartments go for $1,890/month, followed by Tempe Gardens with $1,661 If you’re looking to rent in Tempe’s most popular neighborhoods, make sure to also check out Wood Park, where renters pay $1,661 on average, and Pepperwood, where the average monthly rent is $1,659.
Tempe | Rent Comparison by Neighborhood
Rent in Bell de Mar Crossing is the same as in Camelot Village
Bell de Mar Crossing rent is 11% lower than Tempe average
| Average Rent | $1,659 |
|---|
Camelot Village rent is 11% lower than Tempe average
| Average Rent | $1,659 |
|---|
How Tempe Compares to Other Cities
| City | Average Rent |
|---|---|
| Phoenix | $1,547 |
| Glendale | $1,439 |
| Mesa | $1,529 |
| Tucson | $1,200 |
| Chandler | $1,831 |
| Peoria | $1,696 |
| Gilbert | $1,843 |
| Surprise | $1,862 |
| Tempe | $1,868 |
| Buckeye | $1,811 |
| Avondale | $1,673 |
| Goodyear | $1,817 |
| Scottsdale | $2,138 |
| Queen Creek | $2,032 |
| Tolleson | $1,573 |
| Apache Junction | $765 |
| Oro Valley | $1,469 |
Most Popular Apartments in Tempe
Shoreline At The Lakes
1525 East Baseline Road, Tempe, AZ 85283- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- Ask for pricing
- $2,020
Roosevelt Luxury Townhomes
233 S. Roosevelt St, Tempe, AZ 85281- 2 BEDS
- 3 BEDS
- $2,800
- Ask for pricing
Omnia Baseline Apartments
1145 West Baseline Road, Tempe, AZ 85283- Studio
- 1 BED
- 2 BEDS
- $1,645+
- $1,340+
- $1,460+