629

Studio Apartments for Rent in Tempe, AZ

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  • /46

    Starting at $1,170 Per Month

    • Studio - 3 Beds

    1811 E Apache Blvd, Tempe, AZ 85281

    Live where comfort meets style. At The Access, our amenity-rich apartment community offers you a next-level lifestyle in our studio, 1, 2 and 3 bedroom apartments. Lavish extras combine with a sleek design to offer you a breathtaking living experience. Upscale benefits continue out your front door and into the community amenities. Take advantage of our top-notch offerings with endless

    THE ACCESS

    (623) 498-8646

    1811 E Apache Blvd, Tempe, AZ 85281
  • /41

    Starting at $1,645

    Total Monthly Price

    • Studio - 2 Beds

    1979 E Rio Salado Pkwy, Tempe, AZ 85288

    Smith & Rio is surrounded by everyday conveniences and luxuries that draw you to the downtown scene. An unbeatable locale between Mill Avenue's vibrant nightlife and Tempe Marketplace's ample collection of shopping and dining, Smith & Rio provides front row seating to all the hotspots including Tempe Town Lake, Papago Park, and Old Town Scottsdale.

    Smith & Rio

    (623) 526-0088

    1979 E Rio Salado Pkwy, Tempe, AZ 85288
  • /51

    Starting at $1,464 Per Month

    • Studio - 4 Beds

    906 N Miller Rd, Tempe, AZ 85288

    Just blocks north of Tempe Town Lake, where the salt river bends, a magnetic new neighborhood is taking shape. Featuring modern studio - 4-bedroom apartment homes, Northbend is inspired by the city's adventurous spirit and is the apartment community set to define north Tempe - bringing a breath of fresh air to an up-and-coming industrial district. Thoughtful details and amenities throughout make

    Northbend

    (623) 526-5655

    906 N Miller Rd, Tempe, AZ 85288
  • /70

    Starting at $1,702

    Total Monthly Price

    • Studio - 3 Beds

    98 S River Dr, Tempe, AZ 85288

    Discover exceptional apartments for rent in Tempe, AZ, at The Alyssa, where rich history meets architectural innovation. Influenced by the sun, wind, and desert landscape, our apartments reflect the raw beauty of nature's design. Choose between studio, one, two, and three-bedroom open floorplans with custom features like urban mudrooms and niches, built-in desks, and expansive dine-in islands

    The Alyssa

    (623) 343-9382

    98 S River Dr, Tempe, AZ 85288
  • /55

    Starting at $1,399 Per Month

    • Studio - 3 Beds

    750 S Ash Ave, Tempe, AZ 85281

    At The Local Apartments, our amenity-rich apartment community offers you a next-level lifestyle in our studio, 1, 2 & 3 bedroom apartments. Lavish extras combine with a sleek design to offer you a breathtaking living experience.Upscale benefits continue out your front door and into the community amenities. Take advantage of our top-notch offerings with endless opportunities to stay active or

    The Local Tempe Luxury Apartments

    (602) 416-1590

    750 S Ash Ave, Tempe, AZ 85281
  • /33

    Starting at $1,040 Per Month

    • Studio - 2 Beds

    2354 W University Dr, Mesa, AZ 85201

    Avia 266 offers 1 and 2 bedroom apartments in an unbeatable location. These recently renovated apartments boast plenty of amenities in a quiet, well-kept community. Enjoy fully equipped kitchens, walk-in closets, a private patio or balcony, and available covered parking. Take advantage of the awesome amenities at Avia 266: cool off in one of our swimming pools or get your blood pumping in our 24

    Avia 266

    (833) 693-0203

    2354 W University Dr, Mesa, AZ 85201
  • /95

    Starting at $1,591

    Total Monthly Price

    • Studio - 3 Beds

    420 N Scottsdale Rd, Tempe, AZ 85281

    Designed with you in mind, Aura Watermark features an impressive collection of amenities to delight your senses! Get an invigorating start to your day in our 4,000+ square foot athletic center overlooking Tempe Town Lake and wind down on our outdoor rooftop deck beside the glow of a fire pit. Glamorous designs, artful installations, luxury finishes and stunning waterfront vistas coalesce to

    Aura Watermark

    (844) 920-3268

    420 N Scottsdale Rd, Tempe, AZ 85281
  • /31

    Starting at $1,130 Per Month

    • Studio - 2 Beds

    625 W 1st St, Tempe, AZ 85281

    Riverside Luxury Living in Tempe, AZ offers the perfect blend of modern comfort, resort-style amenities, and an unbeatable downtown location. Nestled near Tempe Town Lake, Mill Avenue, and Arizona State University, it places you at the center of dining, entertainment, outdoor recreation, and everyday convenience. Residents enjoy stylish apartment homes with contemporary finishes, thoughtfully

    Riverside Apartments

    (623) 439-8527

    625 W 1st St, Tempe, AZ 85281
  • /22

    Starting at $1,065 Per Month

    • Studio - 2 Beds

    4130 S Mill Ave, Tempe, AZ 85282

    Come and experience the best in apartment home living at Sono Tempe located in Tempe, Arizona. Local shopping, restaurants, and entertainment attractions are only minutes away. With easy access to Superstition Freeway and Interstate 10, downtown Phoenix is close by. Enhanced by its lush landscaping and modern styling, our community combines traditional living with the conveniences of contemporary

    Sono Tempe

    (623) 257-6695

    4130 S Mill Ave, Tempe, AZ 85282
  • /26

    Starting at $1,214 Per Month

    • Studio - 2 Beds

    2325 E Rio Salado Pkwy, Tempe, AZ 85288

    Discover a relaxing, resort-style community with refined style at The Retreat at Rio Salado in Tempe, Arizona. Come home to our cozy studio, one, and two bedroom apartments where you enjoy endless conveniences day in and day out, including energy-efficient kitchens, and on-site extras, like a spa/hot tub and a two-level state-of-the-art fitness center complete with virtual training. Spend sunny

    The Retreat at Rio Salado

    (623) 400-8457

    2325 E Rio Salado Pkwy, Tempe, AZ 85288
  • /25

    Starting at $1,589

    Total Monthly Price

    • Studio - 3 Beds

    2062 E Cameron Way, Tempe, AZ 85281

    Experience a private oasis in the center of everywhere you want to be at The Cameron in Tempe. This sophisticated residence offers thoughtfully crafted, high-end amenities and stunning apartment homes with exceptional attention to detail. Distinctive to this exquisite, luxury community is a private resident bar, bocce ball court and Marker's Space with a full demonstration kitchen. While our

    The Cameron

    (877) 563-5374

    2062 E Cameron Way, Tempe, AZ 85281
  • /11

    Starting at $1,428

    Total Monthly Price

    • Studio - 2 Beds

    651 E 6th St, Tempe, AZ 85281

    Vero captures and amplifies the new spirit of Tempe, blending modern style with comfort and convenience to create a living experience that is equal parts high-tech and high-touch. Our studio, one-bedroom, and two-bedroom homes feature a clean, modern design that reflects their location in the heart of the Innovation Corridor blocks from Downtown Tempe and just across the street from Desert

    Vero

    (844) 730-3469

    651 E 6th St, Tempe, AZ 85281
  • /16

    Starting at $1,325 Per Month

    • Studio - 3 Beds

    100 S 48th St, Phoenix, AZ 85034

    Alanna

    (463) 800-7622

    100 S 48th St, Phoenix, AZ 85034
  • /42

    Starting at $1,342 Per Month

    • Studio - 2 Beds

    2157 E Apache Blvd, Tempe, AZ 85281

    Discover upscale living at Metro 101 in Tempe, AZ-just two miles from ASU. Choose from stylish studio, one, and two bedroom apartments featuring gourmet kitchens, granite countertops, and modern finishes. Enjoy resort-style amenities like a pool, fitness center, dog park, and outdoor lounge. With dining and entertainment nearby, Metro 101 offers the perfect blend of comfort and convenience.

    Metro 101

    (623) 469-6703

    2157 E Apache Blvd, Tempe, AZ 85281
  • /15

    Starting at $1,522 Per Month

    • Studio - 3 Beds

    1003 W Washington St, Tempe, AZ 85288

    The Aubrey sets the benchmark for sophisticated apartment living in a thriving global setting. Savor life at its best from the comfort of your new Tempe address as style, service, and innovative luxury combine for a lifestyle like no other within The Grand at Papago Park Center.

    The Aubrey

    (623) 300-1044

    1003 W Washington St, Tempe, AZ 85288
  • /51

    Starting at $994 Per Month

    • Studio - 2 Beds

    1311 W Baseline Rd, Tempe, AZ 85283

    Mission Springs Apartments is located in the coveted city of Tempe, Arizona offering a relaxed and elevated living experience. Choose from one of our spacious studio, one, and two-bedroom apartments and enjoy the lush landscaping, brand new outdoor lounge and barbeque area, in-home washer and dryers, vinyl wood plank flooring, vaulted ceilings, private balconies and patios, a resort-style pool

    Mission Springs

    (844) 427-6500

    1311 W Baseline Rd, Tempe, AZ 85283
  • /15

    Starting at $1,402 Per Month

    • Studio - 4 Beds

    115 W 6th St, Tempe, AZ 85281

    Located in the heart of Tempe's Mill Avenue District, West 6th places you within walking distance of dining, recreation, entertainment, and shopping. Immerse yourself in the Tempe lifestyle as you enjoy our upscale and pet-friendly community near ASU, Tempe Town Lake, A Mountain, and so much more.West 6th offers an upscale living experience within a vibrant and inclusive community. Our

    West 6th

    (623) 432-5229

    115 W 6th St, Tempe, AZ 85281
  • /21

    Starting at $1,303 Per Month

    • Studio - 3 Beds

    2520 S Plaza Dr, Tempe, AZ 85282

    TOUR YOUR WAY! We have a tour to fit your needs- virtual, self-guided, or agent-guided. Your next home awaits at MAA Fountainhead in Tempe, AZ. Experience the ultimate lakeside studio, one-, two-, and three-bedroom apartment homes, with contemporary finishes, unique floor plans, and tranquil mountain views. Resort-style amenities abound, from our deluxe fitness center and sparkling pool, to the

    MAA Fountainhead

    (520) 317-7935

    2520 S Plaza Dr, Tempe, AZ 85282
  • /38

    Starting at $821 Per Month

    • Studio - 2 Beds

    3730 S Mill Ave, Tempe, AZ 85282

    Welcome to Sentry apartments in Tempe, a community designed to provide you with everything you need to keep life flowing smoothly. The smart designs of our one and two-bedroom apartments offer a sense of balance to a variety of lifestyles. Within the community, you can relax at one of our three pools or get your heart rate up at our fully equipped fitness center. Perfectly placed in Temple off S.

    Sentry Tempe

    (623) 552-2625

    3730 S Mill Ave, Tempe, AZ 85282
  • /37

    Starting at $1,650 Per Month

    • Studio - 3 Beds

    1306 Vista Del Lago Dr, Tempe, AZ 85281

    Now Open! Experience elevated living at Shorehaven, a luxury high-rise apartment community overlooking the shoreline of Tempe Town Lake. Offering studio, 1, 2, and 3-bedroom residences, Shorehaven delivers modern, vertical living with breathtaking lakefront views, mountain backdrops, and skyline scenery from private balconies.Inside, homes feature smart-home finishes, premium materials, and floor

    Shorehaven

    (844) 321-4613

    1306 Vista Del Lago Dr, Tempe, AZ 85281
  • /15

    Starting at $899 Per Month

    • Studio - 1 Bed

    1150 W University Dr, Tempe, AZ 85281

    Grandes Cortes is an apartment community designed especially for active lifestyles. And, you’ll find everything you want and need – including paid utilities – at an affordable price. That means no surprise expenses to worry about and no other fees! This 151-unit, pet-friendly Tiempo community offers studio and one-bedroom apartments in a park-like atmosphere with well-landscaped, spacious

    Grandes Cortes

    (623) 233-0198

    1150 W University Dr, Tempe, AZ 85281
  • /93

    Starting at $1,114 Per Month

    • Studio - 2 Beds

    1255 E University Dr, Tempe, AZ 85281

    Located just off the University Drive and about a mile from Mill Avenue, Paseo on University is close to the growing Marina Heights and Tempe Town Lake. Here, you will choose your home from a selection of one- and two-bedroom floor plans, all with the finishing touches in place. Each unit at Paseo features contemporary furnishings and modern designs in our common areas. Take a dip in one of our

    Paseo on University

    (480) 542-7969

    1255 E University Dr, Tempe, AZ 85281
  • /23

    Starting at $1,238 Per Month

    • Studio - 2 Beds

    515 W Guadalupe Rd, Tempe, AZ 85283

    Welcome to Cabana Kyrene Apartments in Tempe, Arizona. Close to ASU, Sky Harbor Airport, and South Mountain, Cabana Kyrene offers a convenient location that keeps you connected to where you need to be, whether you're commuting, getting outside, or running errands.Our brand new studio, one-, and two-bedroom floor plans offer a comfortable, well-designed place to call home, with layouts that make

    Cabana Kyrene

    (480) 351-4641

    515 W Guadalupe Rd, Tempe, AZ 85283
  • /52

    Starting at $986

    Total Monthly Price

    • Studio - 2 Beds

    2100 N Scottsdale Rd, Tempe, AZ 85288

    Our community is operating as normal. Please call or stop by for a tour.Nestled in a park-like setting, between downtown Tempe and Old Town Scottsdale, Scottsdale Gateway is a newly remodeled, pet- friendly apartment community with studios, one-, and two-bedroom apartments for rent. Nine distinctive floor plans feature new kitchens with energy-saving appliances, new cabinets and countertops,

    Scottsdale Gateway

    (623) 745-2128

    2100 N Scottsdale Rd, Tempe, AZ 85288
  • /37

    Starting at $1,440 Per Month

    • Studio - 2 Beds

    707 S Farmer Ave, Tempe, AZ 85281

    At Hudson on Farmer, you'll find a perfect blend of elegance and convenience, designed with ASU students in mind. Our brand-new studio, one, and two-bedroom apartments in Tempe, Arizona, offer a private, personalized space that complements your busy student lifestyle. With carefully selected details and top-notch amenities, our pet-friendly community is the ideal home base for students looking to

    Hudson on Farmer

    (623) 253-7260

    707 S Farmer Ave, Tempe, AZ 85281
  • /16

    Starting at $1,385 Per Month

    • Studio - 3 Beds

    1221 E Broadway Rd, Tempe, AZ 85282

    Nestled in vibrant Tempe, AZ, near Arizona State University, Volta on Broadway introduces you to a life of ease and comfort. Modern convenience meets luxury finishes in our studio, one, two, and three bedroom apartments for rent. Contemporary lighting, designer plumbing, granite countertops, and stainless-steel appliances are just the beginning of what you’ll enjoy in your home. Each residence

    Volta on Broadway

    (623) 223-8209

    1221 E Broadway Rd, Tempe, AZ 85282
  • /62

    Starting at $949 Per Month

    • Studio

    710 S Hardy Dr, Tempe, AZ 85281

    Welcome home to Studio 710, We are located in Tempe, Arizona with easy access to Interstate 10 and the Red Mountain Freeway. Our location is only a short distance from Arizona State University and Sky Harbor Airport. We are in close proximity to many nearby restaurants, entertainment, and shopping venues. You and your family will love Tempe Center for the Arts and the Phoenix Zoo which are both

    Studio 710 Apartments

    (623) 323-8970

    710 S Hardy Dr, Tempe, AZ 85281
  • /44

    Starting at $899 Per Month

    • Studio - 2 Beds

    919 E Lemon St, Tempe, AZ 85281

    COMFORTABLE, AFFORDABLE LIVING - WE GET IT! PLUS FREE COX INTERNET on select units! Welcome to University Pointe, just steps from ASU!! University Pointe provides off campus apartment rentals with several communities along Lemon Street just east of Rural Rd. Studio's, One bedrooms and Two bedrooms available for Immediate move in! Come relax poolside at our newly remodeled resort style pool and

    University Pointe Apartments

    (623) 404-8379

    919 E Lemon St, Tempe, AZ 85281
  • /53

    Starting at $920 Per Month

    • Studio - 2 Beds

    1500 E Broadway Rd, Tempe, AZ 85282

    Welcome to Onnix Apartments in Tempe, Arizona, where modern convenience meets resort-style living in the most effortlessly fun way. Tucked inside a lush, garden-style community, your pet-friendly studio, 1, or 2 bedroom home gives you the best of both worlds—bright, contemporary spaces indoors and a vacation-worthy playground just outside your door. Start your day with a sweat session in the

    Onnix Apartments

    (928) 863-3759

    1500 E Broadway Rd, Tempe, AZ 85282
  • /44

    Starting at $799 Per Month

    • Studio - 1 Bed

    2240 W University Dr, Mesa, AZ 85201

    Welcome to Aster on University – Modern Living, Timeless ComfortDiscover a vibrant lifestyle at Aster on University in Mesa, Arizona. Perfectly located near top dining, shopping, and entertainment, our community puts everything you need just minutes away. See why so many love calling us home!Community Amenities Designed for You:-Sparkling swimming pools-Picnic area with BBQ

    Aster on University

    (855) 944-0167

    2240 W University Dr, Mesa, AZ 85201
  • /47

    Starting at $1,405 Per Month

    • Studio - 2 Beds

    555 N College Ave, Tempe, AZ 85281

    Welcome to Vela at Tempe Town Lake, where modern living meets serene lakeside views. Located just steps away from Tempe Town Lake, our community offers a variety of spacious studio, one-bedroom, and two-bedroom homes designed to fit your lifestyle. Enjoy thoughtfully curated interiors with modern finishes, alongside an array of spa-inspired amenities that elevate your living experience. Whether

    Vela at Tempe Town Lake

    (623) 323-7860

    555 N College Ave, Tempe, AZ 85281
  • /29

    Starting at $1,505 Per Month

    • Studio - 3 Beds

    601 W Rio Salado Pkwy, Tempe, AZ 85281

    Find the perfect fit for your lifestyle with our pet-friendly studio, one, two, and three-bedroom Tempe, AZ apartments. Ranging from 632 to 1,774 square feet, Skywater at Town Lake Apartments offers 15 floor plans to choose from. Whether you are a student at ASU and need a spacious studio, or you're an entrepreneur who needs a larger work-live loft space, we have the ideal home designed for you.

    Skywater at Tempe Town Lake

    (623) 253-8883

    601 W Rio Salado Pkwy, Tempe, AZ 85281
  • /9

    Starting at $1,344 Per Month

    • Studio - 2 Beds

    1100 E Apache Blvd, Tempe, AZ 85281

    Array on Apache is in the heart of Tempe. Our community is just a block from Arizona State University's Tempe campus. Situated directly across from the light rail and Tempe Streetcar, you're only a few steps away from Mill Ave., Downtown Phoenix/ASU Downtown, shopping, dining, entertainment, and employment options. Enjoy the close proximity to shopping at the Tempe Market Place and entertaining

    Array on Apache

    (855) 960-4039

    1100 E Apache Blvd, Tempe, AZ 85281
  • /50

    Starting at $1,099 Per Month

    • Studio - 4 Beds

    1000 E Apache Blvd, Tempe, AZ 85281

    The Carmin offers exclusive off-campus housing near Arizona State University® in Tempe, AZ. Refine your ASU immersion, ASU Sync, and iCourse classes with our custom fully furnished sophisticated homes. Individually crafted, our homes are complete with quartz countertops, hardwood floors, and more to make back to school learning and living easy. Schedule your in-person tour today or take a virtual

    The Carmin

    (928) 842-8453

    1000 E Apache Blvd, Tempe, AZ 85281
  • /31

    Starting at $1,000 Per Month

    • Studio - 1 Bed

    5300 S Priest Dr, Tempe, AZ 85283

    Our community doesn't just stop at living spaces. Venture into the building to find a state-of-the-art gym ready for your fitness journey. Spaces crafted for work, brainstorming, or leisurely lounging abound. Step outside, and the resort vibe continues. Refresh in our pool, rejuvenate in our spa, or ignite your competitive spirit at our sports courts.Prime Locale in Tempe:The Mod

    The Mod at Mills

    (623) 526-8026

    5300 S Priest Dr, Tempe, AZ 85283
  • /50

    Starting at $1,597

    Total Monthly Price

    • Studio - 2 Beds

    1820 E Apache Blvd, Tempe, AZ 85281

    It's time you saw Tempe living in a new light. Aura Apache, a unique community located in the heart of Tempe, offers a range of floor plans infused with unique design, including studios, one and two-bedrooms, as well as townhome options that resonate with today's live/work lifestyle.

    Aura Apache

    (866) 861-9273

    1820 E Apache Blvd, Tempe, AZ 85281
  • /37

    Starting at $1,525

    Total Monthly Price

    • Studio - 2 Beds

    701 W Rio Salado Pkwy, Tempe, AZ 85281

    Welcome to Trovita Rio! Escape to your own urban oasis at Trovita Rio. Nestled along the serene banks of Tempe Town Lake, this luxurious apartment community offers the perfect backdrop for your love story. Imagine strolling hand-in-hand along waterfront paths at sunset, or sharing intimate moments on your private balcony overlooking the shimmering waters. With sleek, modern interiors and

    Trovita Rio

    (844) 793-1482

    701 W Rio Salado Pkwy, Tempe, AZ 85281
  • /25

    Starting at $999 Per Month

    • Studio - 4 Beds

    1010 E Orange St, Tempe, AZ 85281

    Canvas is a community of possibility. This is a home for wellness, focus, energy, relaxation, and creativity. Our Tempe apartments are made for you to design the lifestyle you've always dreamed of-rooftop pool and podcast studio included.Here, you can wake up with complimentary coffee and free printing right outside your front door, then get to class in minutes. Your pet-friendly

    Canvas

    (844) 405-9823

    1010 E Orange St, Tempe, AZ 85281
  • /39

    Starting at $986

    Total Monthly Price

    • Studio - 2 Beds

    1750 S Price Rd, Tempe, AZ 85281

    Luxurious and sleek, VillaTree Apartments is a home brimming with everything you need to dwell well, from quality fixtures and upscale finishes to top-notch amenities and resort-like recreational spaces. Located along Loop 101 (Price Freeway), Villatree is minutes away from the Downtown Tempe, Sky Harbor Airport, ASU Campus, downtown Mesa, and top employment areas such as ASU Research Park,

    Villatree Apartments

    (844) 623-1184

    1750 S Price Rd, Tempe, AZ 85281
  • /43

    Starting at $927

    Total Monthly Price

    • Studio - 2 Beds

    1522 E Southern Ave, Tempe, AZ 85282

    ?? NEW Move-In Special! Grab your reduced rate while it lasts! ?? Limited time offer! Available on select apartment homes.Exciting changes are happening at Eastridge Apartments! Our 3-story building features modern studio, 1-bedroom, and 2-bedroom homes built in 2016, with a full-size washer and dryer included in every unit!Recharge in our modern fitness center, take advantage

    Eastridge Apartments

    (623) 745-8488

    1522 E Southern Ave, Tempe, AZ 85282

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Why Live in Tempe

Tempe Town Lake serves as a recreational hub where residents kayak, paddleboard, and stroll along scenic waterfront paths. The iconic "A" Mountain provides panoramic city views from its summit, while the Mill Avenue district buzzes with shops, restaurants, and nightlife. Cultural attractions include the Frank Lloyd Wright-designed ASU Gammage theater, which hosts Broadway shows, and the free ASU Art Museum showcasing contemporary Latin American works. The city's 50 parks and 175 miles of bike paths include Papago Park's desert trails and Kiwanis Park's wave pool. Local dining ranges from craft beer at Four Peaks Brewing's historic 8th Street Pub to modern Southwest cuisine at Ghost Ranch.

The Tempe real estate market includes properties from $219,000 to $1,595,000. The median sale price across all property types is $475,000. Single-family homes command a median price of $545,000, with variations by neighborhood. South Tempe homes reach a median of $645,000, while West Tempe homes sit at $375,000. Townhouses in the Riverside area have a median price of $580,000. Condos present a more affordable option, with median prices of $231,000 for one bedroom and $305,000 for two bedrooms.

Tempe's property tax rate of 0.47% matches neighboring Phoenix, Mesa, and Scottsdale. The combined sales tax rate is 8.41%, including a 5.60% state rate and 2.81% local rate. Arizona's state income tax rate is 2.50%.

The city's education system includes Corona Del Sol High School, rated A by Niche. Private schools like Our Lady of Mount Carmel School and Grace Christian Academy also maintain A ratings. Arizona State University's main campus adds to the educational landscape. Valley Metro light rail and extensive bus service connect to Phoenix Sky Harbor International Airport, typically a 10 to 15 minute drive. Major employers span technology, healthcare, education, and manufacturing sectors.

Frequently Asked Questions

How much does it cost to rent a home in Tempe, AZ?
The median rent for a home in Tempe, AZ is $2,400 per month, though prices vary by neighborhood, size, and property type. As of May 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 home?
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 home include Apache, South Mountain, Alameda, Downtown Tempe and West Main, each with its own character and price range.

Rental Home Trends in Tempe, AZ

Rental Home Trends

Number of Homes for Rent
63
Median Rent
$2,400
Median Single Family Home Rent
$2,700
Median Townhouse Rent
$1,950
Median Condo Rent
$1,600
How to Rent a Home