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Studio Apartments for Rent in Tempe, AZ

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  • /46

    Starting at $1,050 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

    1811 E Apache Blvd, Tempe, AZ 85281
  • /11

    Starting at $1,456

    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

    651 E 6th St, Tempe, AZ 85281
  • /41

    Starting at $1,618

    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

    1979 E Rio Salado Pkwy, Tempe, AZ 85288
  • /70

    Starting at $1,798

    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

    98 S River Dr, Tempe, AZ 85288
  • /31

    Starting at $1,030 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

    625 W 1st St, Tempe, AZ 85281
  • /26

    Starting at $1,386 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

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

    Starting at $1,614

    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 and Marker's Space with a full demonstration kitchen. While our unique apartment

    The Cameron

    2062 E Cameron Way, Tempe, AZ 85281
  • /79

    Starting at $1,325 Per Month

    • Studio - 3 Beds

    100 S 48th St, Phoenix, AZ 85034

    Explore our community rooted in Phoenix, Arizona and experience a lifestyle shaped by comfort, desert trails, and sunshine. Our natural desert inspired studio, one-, two-, and three-bedroom apartments come with shaded courtyards, resort-style amenities, and outdoor gathering spaces for you to enjoy. Quick commutes downtown, easy access to trails, and a peaceful community is the utmost advantage

    Alanna

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

    Starting at $1,340 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

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

    Starting at $1,599 Per Month

    • Studio - 3 Beds

    1003 W Washington St, Tempe, AZ 85288

    The Aubrey is a luxury apartment community in North Tempe that offers studio, one-, two-, and three-bedroom residences designed for a modern, upscale lifestyle. Located within The Grand at Papago Park Center, the community combines contemporary design, premium amenities, and convenient access to Arizona State University, Tempe Town Lake, Downtown Tempe, Scottsdale, and Sky Harbor Airport.

    The Aubrey

    1003 W Washington St, Tempe, AZ 85288
  • /30

    Starting at $1,624 Per Month

    • Studio - 3 Beds

    707 E 6th St, Tempe, AZ 85281

    Redefine your urban lifestyle with the premium features and resort-style amenities at The Piedmont. Located near Arizona State University, downtown Tempe is less than a mile from your new studio, one, two, or three bedroom home. If you’re looking to hike, bike, or explore the local hot spots of the East Valley, The Piedmont makes the perfect central location. Whether you’re relaxing on the

    The Piedmont

    707 E 6th St, Tempe, AZ 85281
  • /28

    Starting at $1,668 Per Month

    • Studio - 2 Beds

    909 E Playa Del Norte Dr, Tempe, AZ 85288

    Our luxury apartments in Tempe, AZ are a masterpiece of refined living. Perfectly spacious, our layouts set the stage for a life of pure pampering. Each apartment has exceptionally appointed kitchens including the modern styling you expect, plus primary bedrooms with ample walk-in closets. The extraordinary level of service coupled with the brilliant collection of high-end amenities are just

    Norte Town Lake Apartments

    909 E Playa Del Norte Dr, Tempe, AZ 85288
  • /51

    Starting at $1,456 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, one-, two-, three-, and four-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

    Northbend

    906 N Miller Rd, Tempe, AZ 85288
  • /42

    Starting at $1,667 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

    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

    1150 W University Dr, Tempe, AZ 85281
  • /30

    Starting at $908 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

    1255 E University Dr, Tempe, AZ 85281
  • /52

    Starting at $888

    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

    2100 N Scottsdale Rd, Tempe, AZ 85288
  • /16

    Starting at $1,481 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

    1221 E Broadway Rd, Tempe, AZ 85282
  • /53

    Starting at $931 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

    1500 E Broadway Rd, Tempe, AZ 85282
  • /95

    Starting at $1,641

    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

    420 N Scottsdale Rd, Tempe, AZ 85281
  • /50

    Starting at $779 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

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

    Starting at $1,573

    Total Monthly Price

    • 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

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

    Starting at $1,605 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

    601 W Rio Salado Pkwy, Tempe, AZ 85281
  • /50

    Starting at $1,747

    Total Monthly Price

    • Studio - 3 Beds

    260 E Rio Salado Pkwy, Tempe, AZ 85281

    Welcome to SALT Apartments—where premium studio, one, and two-bedroom homes, along with modern lofts, redefine Tempe living. From sleek interiors to an unparalleled amenity collection, every detail is designed for elevated comfort. With Tempe Town Lake at your doorstep alongside panoramic desert mountain views, your lifestyle is set against a breathtaking backdrop.It's not just a home—it's a

    SALT

    260 E Rio Salado Pkwy, Tempe, AZ 85281
  • /50

    Starting at $899 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

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

    Starting at $949 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

    5300 S Priest Dr, Tempe, AZ 85283
  • /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

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

    Starting at $1,058

    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

    1750 S Price Rd, Tempe, AZ 85281
  • /49

    Starting at $1,199 Per Month

    • Studio - 1 Bed

    999 E Baseline Dr, Tempe, AZ 85283

    Beautiful One Bedroom Apartment Homes! Come Tour Us Today! - Spacious and Modern Apartment HomeZen Scenic Community near freeways and shops. Open living area & dining room and recreational perks.Nines At Lakeside Apartment Homes is located in the heart of Tempe, AZ and is just a few steps away from all your living, dining, and shopping needs. There is easy access to all major freeways

    Nines at Lakeside

    999 E Baseline Dr, Tempe, AZ 85283
  • /25

    Starting at $1,409 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

    515 W Guadalupe Rd, Tempe, AZ 85283
  • /50

    Starting at $1,412 Per Month

    • Studio - 2 Beds

    2125 E Apache Blvd, Tempe, AZ 85281

    A short ride from the ASU campus, you'll find a neighborhood that's ripe for exploration. A place where the mainstream still hasn't invaded and the indie spirit roams free. If you're not familiar, this is East Tempe. And tucked within it you'll find a community that's welcoming, countercultural, and proud of it. This is Nollie, offering studio, one-, and two-bedroom apartment homes. Amenities

    Nollie

    2125 E Apache Blvd, Tempe, AZ 85281
  • /18

    Starting at $1,331 Per Month

    • Studio - 4 Beds

    1001 E Playa Del Norte Dr, Tempe, AZ 85288

    Overlooking Tempe Town Lake and just steps from Papago Park, Ten01 on the Lake in Tempe, Arizona, is luxury living on a grown-up playground. Our pet-friendly studio, one, two, three, and four bedroom apartment community will delight you with high-end finishes, amenities worthy of a five-star resort, and a prime location near Downtown and just across the river from ASU Tempe Campus. You don’t have

    Ten01

    1001 E Playa Del Norte Dr, Tempe, AZ 85288
  • /50

    Starting at $971

    Total Monthly Price

    • Studio - 2 Beds

    30 W Carter Dr, Tempe, AZ 85282

    Studio, one-, and two-bedroom homes made with you in mind. Call today for more information!Exciting things are happening at Avana Tempe. Enjoy resort style amenities such as a resident lounge with communal lounge seating, game tables and cyber lounge with wi-fi, updated expansive fitness center with brand new equipment, refreshed pool and spa with new lounge furniture and newly renovated

    Avana Tempe

    30 W Carter Dr, Tempe, AZ 85282
  • /25

    Starting at $959 Per Month

    • Studio

    1112 S San Jose, Mesa, AZ 85202

    Come join San Jose Manor’s community in Mesa, Arizona!The property offers economically smart, boutique-like living with contemporary one bedroom and studio apartments. We are nestled in a lush, park-like setting at the West end of the newly designed Fiesta District. The Fiesta District is a pedestrian friendly activity hub. Public transit abounds to get you where you want to go. Lined

    San Jose Manor

    1112 S San Jose, Mesa, AZ 85202
  • /52

    Starting at $997 Per Month

    • Studio - 2 Beds

    7220 E Mckellips Rd, Scottsdale, AZ 85257

    Polanco, a forever flourishing, pet-friendly community located in the beautiful city of Scottsdale, Arizona is a great place to call home. We offer a variety of spacious studio, one, and two bedroom floor plans that will provide you with a quiet work environment. Our floor plans will accommodate you with a retro ice box, in-unit washer & dryer, and more. Live, Work & Play! You'll enjoy being

    Polanco

    7220 E Mckellips Rd, Scottsdale, AZ 85257
  • /40

    Starting at $1,144

    Total Monthly Price

    • Studio - 2 Beds

    805 W Brown St, Tempe, AZ 85281

    Parq on 5th has the apartment homes you've been looking for in Tempe, AZ. With comfortable one- and two-bedroom pet-friendly homes surrounded by tree-lined streets and green space, you're guaranteed to find a place to live with a lifestyle to love. What's more, as a member of the community you'll also have access to a full suite of amenities, like our fitness center, clubhouse, and two

    Parq on 5th

    805 W Brown St, Tempe, AZ 85281
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    Starting at $1,149 Per Month

    • Studio - 3 Beds

    704 S Myrtle Ave, Tempe, AZ 85281

    Discover your new home at Oliv Tempe in Tempe, AZ. Now leasing for FALL 2020! This property is situated at 20 E. University Dr. in Tempe. The leasing team will assist you in finding your perfect new place. Give us a call now to schedule your tour.

    Oliv Tempe

    704 S Myrtle Ave, Tempe, AZ 85281
  • /35

    Starting at $1,582

    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

    1820 E Apache Blvd, Tempe, AZ 85281
  • /36

    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

    701 W Rio Salado Pkwy, Tempe, AZ 85281
  • /21

    Starting at $1,408 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

    2520 S Plaza Dr, 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 $2,395 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 $95,800 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 $2,395 per month in Tempe, AZ, renters typically need to show $7,185 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 16.4, 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 Alameda, Downtown Tempe, Apache, West Central Mesa and North Tempe, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
52
Median Rent
$2,395
Median Single Family Home Rent
$2,500
Median Townhouse Rent
$1,987
Median Condo Rent
$1,600
How to Rent a Home