Tempe, AZ Rental Market Trends
What is the average rent in Tempe?
The average rent for an apartment in Tempe is $1,813. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Tempe, AZ
Last updated March 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,813 | 877 sq. ft. |
What is the average apartment size in Tempe?
The average size for a Tempe, AZ apartment is 877 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Tempe, AZ apartment rent ranges
Tempe, AZ Occupied Housing Units
45,023 or 58% of the households in Tempe, AZ are renter-occupied while 32,030 or 42% are owner-occupied.
Tempe, AZ rent trends
Average Rent in Tempe, AZ By Neighborhood
| City | Average Rent |
|---|---|
| Hughes Acres | $2,027 |
| Rio | $1,715 |
| Peterson Park | $1,695 |
| Pepperwood | $1,634 |
| Tempe Gardens | $1,531 |
| Shalimar | $1,527 |
| Optimist Park | $1,454 |
| Wood Park | $1,450 |
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What are the most affordable neighborhoods in Tempe?
The most affordable neighborhoods in Tempe are Wood Park, where the average rent goes for $1,450/month, Optimist Park, where renters pay $1,454/mo on average, and Shalimar, where the average rent goes for $1,527/mo.
What are the most expensive neighborhoods in Tempe?
The most expensive neighborhoods in Tempe are Peterson Park ($1,695), Rio ($1,715) and Hughes Acres ($2,027).
What are the most popular neighborhoods in Tempe?
The most popular neighborhood in Tempe is Hughes Acres, where there are 23 listings with an average rent of $2,027. Next up is Peterson Park, where apartments go for $1,695/month, followed by Tempe Gardens with $1,531 If you’re looking to rent in Tempe’s most popular neighborhoods, make sure to also check out Shalimar, where renters pay $1,527 on average, and Pepperwood, where the average monthly rent is $1,634.
Tempe | Rent Comparison by Neighborhood
Rent in Hughes Acres is 39% higher than in Optimist Park
$2,027
Hughes Acres rent is 12% higher than Tempe average
Average Rent
$2,027
$1,454
Optimist Park rent is 20% lower than Tempe average
Average Rent
$1,454
How Tempe Compares to Other Cities
| State | Average Rent |
|---|---|
| Tempe | $1,813 |
| Phoenix | $1,497 |
| Tucson | $1,256 |
| Mesa | $1,485 |
| Glendale | $1,422 |
| Scottsdale | $2,050 |
| Chandler | $1,721 |
| San Tan Valley | $1,947 |
| Peoria | $1,616 |
| Surprise | $1,729 |
| Gilbert | $1,768 |
| Avondale | $1,572 |
| Goodyear | $1,715 |
| Buckeye | $1,853 |
| Queen Creek | $1,869 |
| Maricopa | $1,720 |
| Casa Grande | $1,446 |
| Laveen, AZ | $1,778 |
| Florence, AZ | $1,234 |
| Apache Junction, AZ | $1,669 |
What is the average price for a storage unit in Tempe?
The average rent for a non-climate-controlled 10'x10' storage unit in Tempe is $117.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Tempe
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Sofia Apartments
208 E Baseline Rd, Tempe, AZ 85283| 1 BED | $1,234 |
| 2 BEDS | $1,299 |
Rio Paradiso
1033 N. Parkside Dr., Tempe, AZ 85281| STUDIO | $1,325+ |
| 1 BED | $1,365+ |
| 2 BEDS | $1,625+ |
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Sono Tempe
4130 South Mill Avenue, Tempe, AZ 85282| STUDIO | $954+ |
| 1 BED | $1,214+ |
| 2 BEDS | $1,175+ |