Apartments & Condos for Rent in Tempe, AZ

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What to Know About

Life in Tempe & Beyond

Tempe shares many of the great qualities that make Arizona a desirable place to live.

Arizona is where the beauty of nature and the richness of culture collide. From the majestic red rocks of Sedona to the vibrant streets of Phoenix, Arizona is a state like no other. Explore its diverse cultural offerings by visiting historical landmarks such as the Heard Museum and the Pueblo Grande Museum & Archaeological Park. And for those seeking higher education, this is the place for renowned universities like Arizona State University and the University of Arizona, one of the largest research universities in the United States. In addition, Arizona's economy is ever-growing thanks to the industries of technology, tourism, and agriculture.

Adventure seekers and sports enthusiasts will find no shortage of activities in Arizona. Explore the Grand Canyon, go for a hike in the many scenic state parks, cheer on the Arizona Cardinal (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and Phoenix Suns (NBA), or watch exciting college sports games at the state's universities. In addition, appreciate famous attractions like the Saguaro National Park, the Petrified Forest National Park, and the historic city of Tombstone.

A desert oasis of adventure and discovery, Arizona is a great place to call home for those seeking an exciting and relaxing lifestyle.

Rental Market Trends

Tempe, AZ

As of April 2025, Tempe's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Tempe's average rent is 10.6% ($192) lower than the Arizona average of $1,809 and 10.1% ($182) lower than the U.S. average of $1,799.

Average Rent
$1,617
Monthly ChangeMonth Over Month Change
Increased1.7% ($27)
Yearly ChangeYear Over Year Change
Decreased3.6% ($61)
Avg. Days on MarketAverage Days on Market
21
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,405 Increased1.3% ($18) Decreased1.4% ($20)
2 Beds $1,658 Increased0.7% ($11) Increased0.9% ($15)
3 Beds $2,249 Increased0.7% ($15) Decreased2.5% ($58)
Nearby Cities Average Rent Avg. Rent vs. TempeAverage Rent vs. Tempe Avg. Days on MarketAverage Days on Market
Chandler $1,878 Increased16.1% ($261) 24 days
Mesa $1,590 Decreased1.7% ($27) 26 days
Paradise Valley $1,912 Increased18.2% ($295) 24 days
Gilbert $2,058 Increased27.3% ($441) 20 days
Phoenix $1,463 Decreased9.5% ($154) 27 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tempe Rental Market FAQs

Explore rental prices, market trends, and availability in Tempe, AZ.

The average rent in Tempe, AZ is $1,617 per month.
Apartments in Tempe typically rent for between $984 and $2,924 per month, with an average of $1,617 per month.
In Tempe, the average rent for a 1-bedroom apartment is $1,405 per month, for a 2-bedroom apartment, $1,658 per month, and a 3-bedroom apartment is $2,249 per month.
The average rent in Tempe is 10.1% ($182) lower than the national average of $1,799 per month.
The average rent in Tempe has increased by 1.7% ($27) in the last month and decreased by 3.6% ($61) over the past year.
The rental market in Tempe, AZ, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Tempe, AZ, the average rental stays on the market for approximately 21 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 320 rental properties available in Tempe, AZ.
Based on the current averages, a household would need an annual income of $66,320 to comfortably afford a 2-bedroom apartment in Tempe.
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