How much does it cost to rent at Skywater at Tempe Town Lake?

Rent at Skywater at Tempe Town Lake in Tempe, AZ ranges from $1,690 to $3,090 per month as of August 20, 2026.

What is the average studio rent at Skywater at Tempe Town Lake?

The average studio apartment at Skywater at Tempe Town Lake costs $1,740/month, starting from $1,690.

What is the average 1 bed rent at Skywater at Tempe Town Lake?

The average 1 bed apartment at Skywater at Tempe Town Lake costs $1,854/month, starting from $1,715.

What is the average 2 bed rent at Skywater at Tempe Town Lake?

The average 2 bed apartment at Skywater at Tempe Town Lake costs $2,255/month, starting from $2,010.

What is the average 3 bed rent at Skywater at Tempe Town Lake?

The average 3 bed apartment at Skywater at Tempe Town Lake costs $3,090/month, starting from $3,090.

Is Skywater at Tempe Town Lake a good apartment complex?

Skywater at Tempe Town Lake has a 3.7-star rating on Google based on 372 reviews.

Updated August 20, 2026 at 5:03 a.m. MT

Skywater at Tempe Town Lake

601 W Rio Salado Pkwy, Tempe, AZ 85281, USA

3.7 (372 reviews) Official Website

Live pricing, refreshed August 20, 2026 at 5:03 a.m. MT

Units Listed

$1,690

Starting at

$2,045

Average

$3,090

Highest

$2.16

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Tempe 85281 rent trends

Beds

Pricing by Bedroom

Studio

$1,740

from $1,690 · 3 units

~632 sqft avg

1 Bed

$1,854

from $1,715 · 4 units

~836 sqft avg

2 Bed

$2,255

from $2,010 · 3 units

~1,198 sqft avg

3 Bed

$3,090

from $3,090 · 1 units

~1,569 sqft avg

Specials Available 11 units

4 Weeks Free

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (12)

Largest 8 movers of 12

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: modeled from how many distinct units we have observed over time
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: moderate (building size is modeled).

Est. Monthly Revenue

$16K

$197K annual run rate

Modeled estimate

Est. Occupancy

35%

of about 17 units (modeled from leasing activity)

Effective Rent on New Leases

$2,739

vs $2,045 current asking

Recent Lease Activity

17 units tracked; 6 assumed leased, 11 listed now

See which units leased, when they left the market, and the rent they leased at.

Unlock with Pro

Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Moderate availability

10 floor plans

Move-in Specials

11 units with active promos

Use competing promos as leverage

Negotiation Leverage

Moderate leverage

Some signals suggest room to negotiate, especially if you can be flexible on move-in date.

Price vs. Tempe 85281

Neighborhood

The District on Apache

$799 Rise at the Retreat

$895 Flare Tempe

$955 Vertex Apartments

$999 VERVE Tempe

$999 Metro 101

$1,000 Parq on 5th Apartments

$1,153 Encore On Farmer Apartments

$1,168 Emerson Mill Avenue

$1,219 Rio Paradiso

$1,306

Skywater at Tempe Town Lake

$1,690

Comparing 11 apartments in Tempe 85281. Click any bar to view that building.

See Tempe 85281 rent trends on the Tempe, AZ map Explore Tempe, AZ on the interactive map

Available Units

Sort

11 units

Studio / 1 Bath S2

$1,690/mo

632 ft² · $2.67/ft² · #28909

4 Weeks Free

Up $15 since Aug 20 (was $1,675)

1 Bed / 1 Bath A1

$1,715/mo

740 ft² · $2.32/ft² · #28911

4 Weeks Free

Down $15 since Aug 20 (was $1,730)

1 Bed / 1 Bath A2

$1,750/mo

771 ft² · $2.27/ft² · #28912

4 Weeks Free

Down $15 since Aug 20 (was $1,765)

Studio / 1 Bath

$1,765/mo

632 ft² · $2.79/ft² · #1

4 Weeks Free

Up $10 since Aug 20 (was $1,755)

Studio / 1 Bath S1

$1,765/mo

632 ft² · $2.79/ft² · #28908

4 Weeks Free

Up $10 since Aug 20 (was $1,755)

1 Bed / 1 Bath A5

$1,845/mo

889 ft² · $2.08/ft² · #28915

4 Weeks Free

Down $15 since Aug 20 (was $1,860)

2 Bed / 2 Bath B1

$2,010/mo

1,105 ft² · $1.82/ft² · #28918

4 Weeks Free

Down $10 since Aug 15 (was $2,020)

2 Bed / 2 Bath B2

$2,035/mo

1,148 ft² · $1.77/ft² · #28919

4 Weeks Free

Up $5 since Aug 20 (was $2,030)

1 Bed / 1 Bath A6

$2,105/mo

944 ft² · $2.23/ft² · #28916

4 Weeks Free

Down $15 since Aug 20 (was $2,120)

2 Bed / 2 Bath B3

$2,720/mo

1,342 ft² · $2.03/ft² · #28920

4 Weeks Free

Down $10 since Aug 15 (was $2,730)

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
28909	S2	Studio / 1ba	632	$1,690	$2.67	2026-11-13	Pro	4 Weeks Free Up $15 since Aug 20
28911	A1	1bd / 1ba	740	$1,715	$2.32	2026-07-25	Pro	4 Weeks Free Down $15 since Aug 20
28912	A2	1bd / 1ba	771	$1,750	$2.27	2026-09-10	Pro	4 Weeks Free Down $15 since Aug 20
1	--	Studio / 1ba	632	$1,765	$2.79	--	Pro	4 Weeks Free Up $10 since Aug 20
28908	S1	Studio / 1ba	632	$1,765	$2.79	2026-09-25	Pro	4 Weeks Free Up $10 since Aug 20
28915	A5	1bd / 1ba	889	$1,845	$2.08	2026-09-21	Pro	4 Weeks Free Down $15 since Aug 20
28918	B1	2bd / 2ba	1,105	$2,010	$1.82	2026-07-16	Pro	4 Weeks Free Down $10 since Aug 15
28919	B2	2bd / 2ba	1,148	$2,035	$1.77	2026-08-28	Pro	4 Weeks Free Up $5 since Aug 20
28916	A6	1bd / 1ba	944	$2,105	$2.23	2026-09-18	Pro	4 Weeks Free Down $15 since Aug 20
28920	B3	2bd / 2ba	1,342	$2,720	$2.03	2026-06-30	Pro	4 Weeks Free Down $10 since Aug 15
28924	C2	3bd / 3ba	1,569	$3,090	$1.97	2026-08-20	Pro	4 Weeks Free Down $5 since Aug 20

Train activity

Trains close by

Freight line 1,341 ft away · 3 trains/day

2 daytime, 1 overnight
Quiet zone. Horns are silenced at the nearest crossing.
Operator: UP

Why this matters →

City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Tempe, AZ notes

No resident notes for this property yet.