Tempe, AZ Rental Market Trends

Q: What are the most affordable neighborhoods in Tempe?

The most affordable neighborhoods in Tempe are Shalimar , where the average rent goes for $1,606/month, Tempe Gardens , where renters pay $1,643/mo on average, and Wood Park , where the average rent goes for $1,643/mo. If you’re looking for other great deals, check out the listings from Bell de Mar Crossing ($1,688), Camelot Village ($1,688), and Optimist Park ($1,688), where the asking prices are below the average Tempe rent of $1,918/mo.

Q: What are the most popular neighborhoods in Tempe?

The most popular neighborhood in Tempe is Hughes Acres , where there are 23 listings with an average rent of $1,993. Next up is Peterson Park , where apartments go for $1,993/month, followed by Tempe Gardens with $1,643 If you’re looking to rent in Tempe’s most popular neighborhoods, make sure to also check out Wood Park , where renters pay $1,643 on average, and Pepperwood , where the average monthly rent is $1,688.

What is the average rent in Tempe?

The average rent for an apartment in Tempe is $1,918. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Tempe, AZ

Last updated July 2023

Average Rent	Average Apartment Size
$1,918	879 sq. ft.

What is the average apartment size in Tempe?

The average size for a Tempe, AZ apartment is 879 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

44,580 or 60% of the households in Tempe, AZ are renter-occupied while 29,205 or 40% are owner-occupied.

Tempe, AZ rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Tempe, AZ By Neighborhood

Neighborhood	Average Rent
Rio	$2,142
Hughes Acres	$1,993
Peterson Park	$1,993
Sandahl	$1,957
Warner Ranch	$1,957
Bell de Mar Crossing	$1,688
Camelot Village	$1,688
Optimist Park	$1,688
Pepperwood	$1,688
Tempe Gardens	$1,643
Wood Park	$1,643
Shalimar	$1,606

What are the most affordable neighborhoods in Tempe?

The most affordable neighborhoods in Tempe are Shalimar, where the average rent goes for $1,606/month, Tempe Gardens, where renters pay $1,643/mo on average, and Wood Park, where the average rent goes for $1,643/mo. If you’re looking for other great deals, check out the listings from Bell de Mar Crossing ($1,688), Camelot Village ($1,688), and Optimist Park ($1,688), where the asking prices are below the average Tempe rent of $1,918/mo.

What are the most expensive neighborhoods in Tempe?

The most expensive neighborhoods in Tempe are Hughes Acres ($1,993), Peterson Park ($1,993) and Rio ($2,142).

What are the most popular neighborhoods in Tempe?

The most popular neighborhood in Tempe is Hughes Acres, where there are 23 listings with an average rent of $1,993. Next up is Peterson Park, where apartments go for $1,993/month, followed by Tempe Gardens with $1,643 If you’re looking to rent in Tempe’s most popular neighborhoods, make sure to also check out Wood Park, where renters pay $1,643 on average, and Pepperwood, where the average monthly rent is $1,688.

Tempe | Rent Comparison by Neighborhood

Rent in Bell de Mar Crossing is the same as in Camelot Village

$1,688

Bell de Mar Crossing rent is 12% lower than Tempe average

Average Rent	$1,688

$1,688

Camelot Village rent is 12% lower than Tempe average

Average Rent	$1,688

How Tempe Compares to Other Cities

City	Average Rent
Phoenix	$1,558
Mesa	$1,507
Glendale	$1,494
Tucson	$1,279
Chandler	$1,811
Tempe	$1,918
Gilbert	$1,844
Peoria	$1,698
Scottsdale	$2,059
Surprise	$1,808
Avondale	$1,660
Buckeye	$2,096
Goodyear	$1,766
Tolleson	$1,733
Queen Creek	$1,860
Apache Junction	$1,607
Laveen	$1,762

What is the average price for a storage unit in Tempe?

The average rent for a non-climate-controlled 10'x10' storage unit in Tempe is $145.13. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.