Average Rent in Tempe, AZ
24 apartment buildings, 258 units. Real asking prices, refreshed daily.
Avg Rent
$2,055/mo
Cheapest
$899/mo
Properties
24
Units
258
Analysis
Rent Price Breakdown
Compare pricing across all 24 properties in Tempe, AZ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Tempe, AZ Rent Prices
All 24 properties ranked by lowest available rent.
Parq on 5th Apartments
805 W Brown St, Tempe, AZ 85281, USA
Vertex Apartments
1050 S Terrace Rd, Tempe, AZ 85281, USA
VERVE Tempe
1047 S Terrace Rd, Tempe, AZ 85281, USA
Volta on Broadway
1221 E Broadway Rd, Tempe, AZ 85282, USA
The Local Apartments
750 S Ash Ave, Tempe, AZ 85281, USA
NOVO Broadway Apartments
711 W Broadway Rd, Tempe, AZ 85282, USA
Vela at Tempe Town Lake
555 N College Ave, Tempe, AZ 85288, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Parq on 5th Apartments 805 W Brown St, Tempe, AZ 85281, USA | $899 | $1,202 | $1.94 | 3.6 (187) | 5 |
| 2 | Vertex Apartments 1050 S Terrace Rd, Tempe, AZ 85281, USA | $1,199 | $1,199 | $1.04 | 3.5 (393) | 2 |
| 3 | VERVE Tempe 1047 S Terrace Rd, Tempe, AZ 85281, USA | $1,229 | $1,345 | $3.31 | 5 (108) | 5 |
| 4 | Volta on Broadway 1221 E Broadway Rd, Tempe, AZ 85282, USA | $1,385 | $1,891 | $1.84 | 4 (144) | 17 |
| 5 | The Local Apartments 750 S Ash Ave, Tempe, AZ 85281, USA | $1,399 | $2,282 | $2.69 | 4.3 (135) | 8 |
| 6 | NOVO Broadway Apartments 711 W Broadway Rd, Tempe, AZ 85282, USA | $1,403 | $1,770 | $2.20 | 4.4 (187) | 4 |
| 7 | Vela at Tempe Town Lake 555 N College Ave, Tempe, AZ 85288, USA | $1,405 | $1,843 | $2.35 | 4.1 (245) | 25 |
Explore Each Property
Parq on 5th Apartments
3.6 (187)805 W Brown St, Tempe, AZ 85281, USA
Vertex Apartments
3.5 (393)1050 S Terrace Rd, Tempe, AZ 85281, USA
VERVE Tempe
5 (108)1047 S Terrace Rd, Tempe, AZ 85281, USA
Volta on Broadway
4 (144)1221 E Broadway Rd, Tempe, AZ 85282, USA
The Local Apartments
4.3 (135)750 S Ash Ave, Tempe, AZ 85281, USA
NOVO Broadway Apartments
4.4 (187)711 W Broadway Rd, Tempe, AZ 85282, USA
Tempe, AZ Average Rent Prices 2026
The average rent in Tempe, AZ is $2,055 per month, based on 258 units across 24 apartment communities. Prices range from $899 at Parq on 5th Apartments to $2,025 at Lakeside Drive Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,912/mo | $899/mo | 47 |
| 1 Bed | $1,883/mo | $1,127/mo | 110 |
| 2 Bed | $2,310/mo | $1,261/mo | 80 |
| 3 Bed | $2,619/mo | $1,199/mo | 16 |
| 4 Bed | $1,309/mo | $1,229/mo | 4 |
| 5 Bed | $1,199/mo | $1,199/mo | 1 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Tempe, AZ, and what they pay
Tracked one-bedroom rent in Tempe, AZ averages $1,883/mo, with two-bedroom units averaging $2,310/mo. At the local median household income of $77,643, that works out to 32% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Tempe, AZ at $1,623/mo. The current tracked market average runs 27% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Tempe, AZ while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Phoenix
Demand in the Phoenix rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Arizona State University
- State Farm
- Amazon
- Carvana
Mean one-way commute in Tempe, AZ is 21 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
What salary do I need to live comfortably in Tempe, AZ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
30 percent rule -- using our average rent of $2,055/mo.
Comfortable income
$99,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($899/mo), you need to earn at least $36,000/year.
Median household income in Tempe, AZ is $77,643 , about 21% below the comfortable-living threshold.
Cost of living in Tempe, AZ
Overall prices in Tempe, AZ runs above the national average by about 5% (BEA Regional Price Parity index 104.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Tempe, AZ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,055 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,011/mo |
Population
186,419
Median household income
$77,643
Census median rent
$1,623/mo
Rent as % of income
30.9%
Median age
29.9
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Arizona
How Tempe, AZ rent compares to other markets in the state.
| City | Avg Rent | vs Tempe, AZ | Properties |
|---|---|---|---|
| Phoenix, AZ | $2,228 | +8% | 36 |
| Scottsdale, AZ | $2,528 | +23% | 22 |
| Glendale, AZ | $1,597 | -22% | 22 |
| Avondale, AZ | $1,764 | -14% | 18 |
| Peoria, AZ | $1,675 | -18% | 15 |
| Goodyear, AZ | $1,812 | -12% | 14 |
Frequently asked questions
What is the average rent in Tempe, AZ?
The average rent in Tempe, AZ is $2,055 per month, based on 258 units across 24 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Tempe, AZ?
The lowest available rent in Tempe, AZ starts at $899 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Tempe, AZ?
1-bedroom apartments in Tempe, AZ average $1,883/mo. The lowest listed 1-bedroom starts at $1,127/mo across 110 units tracked.
How much is a 2-bedroom apartment in Tempe, AZ?
2-bedroom apartments in Tempe, AZ average $2,310/mo. Units start from $1,261/mo across 80 units currently listed.
Rent Trends in Tempe, AZ
Track how apartment prices are changing over time.
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