Studio Condos for Rent in Tempe, AZ

/25
$900 - $1,350

Total Monthly Price
- Studio - 2 Beds
- 1 Bath
- 300 Sq Ft
- Condo for Rent
1409 S Mill Ave, Tempe, AZ 85281

Welcome home to this cozy studio in the heart of Tempe! Perfectly located just minutes from Arizona State University, this charming space offers unbeatable access to dining, shopping, and entertainment.Location HighlightsWalking distance to all that Downtown Tempe has to offerSurrounded by lush landscaping in a peaceful, park-like settingConvenient transit options: Light Rail,

1409 S Mill Ave, Tempe, AZ 85281
Explore Tempe
/25
$900 - $1,350

Total Monthly Price
- Studio - 2 Beds
- 1 Bath
- 300 Sq Ft
- Condo for Rent
1409 S Mill Ave, Tempe, AZ 85281

Welcome home to this cozy studio in the heart of Tempe! Perfectly located just minutes from Arizona State University, this charming space offers unbeatable access to dining, shopping, and entertainment.Location HighlightsWalking distance to all that Downtown Tempe has to offerSurrounded by lush landscaping in a peaceful, park-like settingConvenient transit options: Light Rail,

1409 S Mill Ave, Tempe, AZ 85281
/37
$1,649 Per Month
- Studio
- 1 Bath
- 300 Sq Ft
- Furnished Studio-Phoenix - Airport - Tempe
2165 W 15th St, Tempe, AZ 85281

Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

2165 W 15th St, Tempe, AZ 85281
/14
$970 Per Month
- Studio
- 1 Bath
- Condo for Rent
114 S Wilson St Unit 14, Tempe, AZ 85281

$500 Off Move inUnfurnished unit. Studio apartments located in the heart of Tempe in the Riverside neighborhood. At the Studios on Wilson, you are just a short walk or bike ride away from everything you need.Other Cost & Fees:Security Deposit: $500.00**Water/Sewer/Trash: $50.00Pet Rent: $35.00 per pet (max. 2) per monthNon-Refundable Pet Fee: $300.00

114 S Wilson St Unit 14, Tempe, AZ 85281
/14
$970 Per Month
- Studio
- 1 Bath
- Condo for Rent
114 S Wilson St Unit 10, Tempe, AZ 85281

1 Month Free Rent with a signed 13 month leaseStudio apartments located in the heart of Tempe in the Riverside neighborhood. At the Studios on Wilson, you are just a short walk or bike ride away from everything you need.Newly remodeled, with tiled tub surrounds, new bathroom vanity, vinyl plank flooring, and new kitchenet cabinets.Other Cost & Fees:Security Deposit:

114 S Wilson St Unit 10, Tempe, AZ 85281

Arizona Maricopa County

Frequently Asked Questions

How much does it cost to rent a condo in Tempe, AZ?

The median rent for a condo in Tempe, AZ is $1,595 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.

How much do you need to make to afford rent in Tempe, AZ?

To comfortably afford the median rent in Tempe, AZ, a household needs to earn roughly $96,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,400 per month in Tempe, AZ, renters typically need to show $7,200 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.

Is it more affordable to rent or buy in Tempe, AZ?

In Tempe, AZ, the price-to-rent ratio is 16.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

What neighborhoods in Tempe, AZ are best for renting a condo?

The best neighborhood for renting in Tempe, AZ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Downtown Tempe and Camelback East Village, each with its own character and price range.

Condo Rental Trends in Tempe, AZ

There are currently 5 condos available for rent in Tempe, AZ. The median rent is $1,595 per month, with 1-bedroom condos renting at $1,199, 2-bedroom condos at $1,575 and 3-bedroom condos at $1,950.

Rental Home Trends

Number of Condos for Rent 5	Median Condo Rent $1,595
Median 1 Bedroom Condo Rent $1,199	Median 2 Bedroom Condo Rent $1,575
Median 3 Bedroom Condo Rent $1,950

How to Rent a Home

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