Apartments for Rent in Tempe, AZ

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

The best apartments in Tempe, AZ are: Murietta at ASU, Mercury on Mill, Onnix Apartments, Volta on Broadway 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 $864 and $6,445.

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 $8,452.

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

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.

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.