Average Rent in Tempe, AZ
31 apartment buildings, 372 units. Daily asking prices with rent history for every building. 1 more available with Average Rent Pro
Browse apartments in Tempe, AZCheapest
$899/mo
Flare Tempe
Properties
31
tracked daily
Units
372
available now
Tempe, AZ Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 31 properties in Tempe, AZ.
Average rent trend, last 6 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Tempe, AZ Rent Prices
All 31 properties ranked by lowest available rent.
Flare Tempe
1317 S Terrace Rd, Tempe, AZ 85281, USA
Encore On Farmer Apartments
601 S Farmer Ave, Tempe, AZ 85281, USA
Parq on 5th Apartments
805 W Brown St, Tempe, AZ 85281, USA
Vertex Apartments
1050 S Terrace Rd, Tempe, AZ 85281, USA
The District on Apache
977 E Apache Blvd, Tempe, AZ 85282, USA
VERVE Tempe
1047 S Terrace Rd, Tempe, AZ 85281, USA
Rio Paradiso
1033 N Parkside Dr, Tempe, AZ 85288, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Flare Tempe 1317 S Terrace Rd, Tempe, AZ 85281, USA | $899 | $1,238 | $1.33/ft² | 4.1 (367) | 16 |
| 2 | Encore On Farmer Apartments 601 S Farmer Ave, Tempe, AZ 85281, USA | $912 | $947 | $1.31/ft² | 4.2 (21) | 2 |
| 3 | Parq on 5th Apartments 805 W Brown St, Tempe, AZ 85281, USA | $973 | $1,195 | $2.02/ft² | 3.6 (187) | 21 |
| 4 | Vertex Apartments 1050 S Terrace Rd, Tempe, AZ 85281, USA | $999 | $1,225 | $1.15/ft² | 3.5 (393) | 68 |
| 5 | The District on Apache 977 E Apache Blvd, Tempe, AZ 85282, USA | $1,024 | $1,320 | $1.47/ft² | 4 (633) | 6 |
| 6 | VERVE Tempe 1047 S Terrace Rd, Tempe, AZ 85281, USA | $1,124 as of Sep 18 | $1,400 | $1.30/ft² | 5 (108) | 4 |
| 7 | Rio Paradiso 1033 N Parkside Dr, Tempe, AZ 85288, USA | $1,201 | $1,506 | $1.53/ft² | 3.9 (422) | 11 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Flare Tempe
4.1 (367)1317 S Terrace Rd, Tempe, AZ 85281, USA
Encore On Farmer Apartments
4.2 (21)601 S Farmer Ave, Tempe, AZ 85281, USA
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
The District on Apache
4 (633)977 E Apache Blvd, Tempe, AZ 85282, USA
VERVE Tempe
5 (108)1047 S Terrace Rd, Tempe, AZ 85281, USA
By Area
Tempe, AZ neighborhoods
Tracked buildings across 2 named neighborhoods. Pick one to see its apartments.
Tempe, AZ Average Rent Prices 2026
The average rent in Tempe, AZ is $1,793 per month, based on 372 units across 31 apartment communities. Prices range from $899 at Flare Tempe to $4,947 at West 6th.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,490/mo | $973/mo | 23 |
| 1 Bed | $1,787/mo | $982/mo | 125 |
| 2 Bed | $1,966/mo | $912/mo | 147 |
| 3 Bed | $1,770/mo | $999/mo | 43 |
| 4 Bed | $984/mo | $899/mo | 16 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Tempe, AZ apartments earn?
The 6 buildings we can estimate generate about $2.3M in rental revenue per month ($28M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.SALT | $571K/mo | $2,497 / $2,313 | 93% | 265 |
| 2.Vela at Tempe Town Lake | $478K/mo | $1,839 / $1,797 | 92% | 289 |
| 3.Metro 101 | $352K/mo | $1,784 / $1,493 | 91% | 259 |
| 4.Hudson on Farmer | $342K/mo | $1,590 / $1,999 | 99% | 172 |
| 5.The Enclave Apartment Homes | $336K/mo | $1,639 / $1,769 | 93% | 204 |
| 1 more estimated building | $227K/mo |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Tempe, AZ, and what they pay
Tracked one-bedroom rent in Tempe, AZ averages $1,787/mo, with two-bedroom units averaging $1,966/mo. At the local median household income of $77,643, that works out to 28% of gross income, near the 30 percent affordability ceiling.
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 10% 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
$72,000/year
Based on the 30 percent rule, using our tracked average rent of $1,793/mo.
Comfortable income
$86,000/year
Based on the 25 percent rule, leaving 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 10% 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) | $1,793 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $5,749/mo |
Population
186,419
Median household income
$77,643
Census median rent
$1,623/mo
Census rent burden
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 | 30-Day Change | Properties |
|---|---|---|---|---|
| Tucson, AZ | $1,766 | -2% | -13.3% | 52 |
| Glendale, AZ | $1,369 | -24% | -6.5% | 34 |
| Phoenix, AZ | $2,272 | +27% | -2.7% | 33 |
| Chandler, AZ | $1,816 | +1% | -2.9% | 23 |
| Scottsdale, AZ | $2,276 | +27% | -3.7% | 22 |
| Avondale, AZ | $1,660 | -7% | -1.4% | 19 |
Frequently asked questions
What is the average rent in Tempe, AZ?
The average rent in Tempe, AZ is $1,793 per month, based on 372 units across 31 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Tempe, AZ?
The median asking rent in Tempe, AZ is $1,707 per month, computed from 372 live listed units and refreshed daily. The average is $1,793/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Tempe, AZ?
The lowest available rent in Tempe, AZ starts at $899 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Tempe, AZ?
1-bedroom apartments in Tempe, AZ average $1,787/mo. The lowest listed 1-bedroom starts at $982/mo across 125 units tracked.
How much is a 2-bedroom apartment in Tempe, AZ?
2-bedroom apartments in Tempe, AZ average $1,966/mo. Units start from $912/mo across 147 units currently listed.
Rent Trends in Tempe, AZ
Track how apartment prices are changing over time.
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