Apartment for rent

Updated 2 Hours Ago

140 E Rio Salado Pkwy #301
140 E Rio Salado Pkwy #301, Tempe, AZ 85281, USA

Monthly rent	$4,195Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	2
Baths	2
Sqft	1,802

Monthly rent	$4,195Fees may apply. The price shown reflects base rent. Complete fee information is not available from the property, so additional fees may increase the total monthly cost.
Beds	2
Baths	2
Sqft	1,802

Updated 2 Hours Ago

Location

140 E Rio Salado Pkwy #301, Tempe, AZ 85281, USA|Downtown Tempe

Tour 140 E Rio Salado Pkwy #301

Contact

Jessica Ryan

J&L Exclusive Homes & Properties, Inc

(844) 334-7552 ext. 7720

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

More space
Covered parking
Fireplace

Great for

Social life

Amenities for 140 E Rio Salado Pkwy #301, Downtown Tempe

Apartment Amenities

Carpet	Central Air
Electric Heating

Appliances

Dishwasher

In-Unit Laundry

Building

Exterior Type: WoodFrame

Exterior Type: Painted

Other

Roof Type: Built-up

View Type: City

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

About 140 E Rio Salado Pkwy #301

Home

Apartments in Tempe

Downtown Tempe

140 E Rio Salado Pkwy #301, Tempe, AZ 85281, USA

Property Status: Active unfurnished 2-bedroom, 2.5-bath residence offering approximately 1,913 square feet in the desirable Rio Salado/Tempe Town Lake area. This generously sized floor plan provides plenty of room for comfortable living, entertaining, and working from home. The two-bedroom layout offers privacy and flexibility, while the additional half bath is ideal for guests. Located along Rio Salado Parkway, you're minutes from Tempe Town Lake, Downtown Tempe, Mill Avenue, Arizona State University, restaurants, shopping, entertainment, parks, and light rail. Office Phone: (602) 332-5364 Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Go to property website

Property highlights

How 140 E Rio Salado Pkwy, Tempe, AZ 85281, USA compares to other nearby properties.

Positives

More space: The 2-bedroom is 902 sqft larger than other listings nearby
Covered parking: Garage, covered, or indoor parking is available at this address
Fireplace: In-unit features available
Fitness center: A gym just a few steps away
Images available: There are at least 10 photos of this address
Laundry available on site: Washers and dryers are available in-building
Outdoor space: One or more rentals here have easy access to the outdoors
Pool: Pool access available at this location

Considerations

Greater distance from grade schools: The nearest elementary school is farther than 1.1 miles away
Priced higher than average: Some 2-bedrooms here are $2745 more than the median rent in this area
Distance from transit: More than 3.7 miles from public transportation

Address details

Neighborhood	Downtown Tempe
Zip code	85281
Type	Apartment for rent

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Rent trends in Downtown Tempe

2-bedroom apartments at 140 E Rio Salado Pkwy #301 cost about 87% more than the average rent price for 2-bedroom apartments in Tempe.

Median rents as of Oct 17 2026.

Downtown Tempe

Tempe

A table of 2-bedroom apartment rental data trends in Tempe
Month	Median Rent
November 2024	$1,646
December 2024	$1,640
January 2025	$1,679
February 2025	$1,697
March 2025	$1,734
April 2025	$1,716
May 2025	$1,686
June 2025	$1,693
July 2025	$1,669
August 2025	$1,670
September 2025	$1,644
October 2025	$1,630
November 2025	$1,575
December 2025	$1,575
January 2026	$1,588
February 2026	$1,570
March 2026	$1,578
April 2026	$1,571
May 2026	$1,530
June 2026	$1,538
July 2026	$1,537
August 2026	$1,540
September 2026	$1,499
October 2026	$1,510

A table of 2-bedroom apartment rental data trends in Downtown Tempe
Month	Median Rent
November 2024	$2,115
December 2024	$2,103
January 2025	$1,764
February 2025	$2,420
March 2025	$2,347
April 2025	$2,595
May 2025	$2,603
June 2025	$2,270
July 2025	$2,444
August 2025	$2,678
September 2025	$2,811
October 2025	$2,549
February 2026	$1,795
April 2026	$1,925
May 2026	$1,980
June 2026	$2,658
July 2026	$2,563
August 2026	$2,052
September 2026	$2,188
October 2026	$2,078

Affordability calculator

Can I afford to live at 140 E Rio Salado Pkwy #301?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$167,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $167,800 annually to afford this 2-bedrooms monthly rent price of $4,195.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 140 E Rio Salado Pkwy, Tempe, AZ.
			Bath
2 months ago	$4,000	2 bed	2 bath
2 months ago	$3,995	2 bed	2 bath
3 months ago	$2,250	1 bed	1.5 bath
5 months ago	$1,700	1 bed	2 bath
1 year ago	$3,200	2 bed	2 bath
1 year ago	$3,200	2 bed	2 bath
1 year ago	$4,899	3 bed	3 bath
1 year ago	$4,900	2 bed	2 bath
1 year ago	$3,100	2 bed	2 bath
1 year ago	$2,550	1 bed	1.5 bath

Schools near 140 E Rio Salado Pkwy #301

Getting around Tempe near 140 E Rio Salado Pkwy #301

Walking

5/10

Some shops and stores are within a few minutes.

Driving

10/10

Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

9/10

Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

7/10

Popular public transit options are just a short walk from this location.

Points of interest for 140 E Rio Salado Pkwy #301, Tempe

Groceries

8/10

At least one supermarket within a 15-minute walk

Shopping

5/10

Several shops within walking distance

Cafes

5/10

Some cafés within a few minutes’ walk

Restaurants

7/10

Variety of restaurants within a few minutes' walk

Primary schools

2/10

At least one elementary school within a 30-minute walk

High schools

2/10

At least one high school within a 30-minute walk

Parks

9/10

Exceptionally large amount of park space within a few minutes’ walk

Nightlife

5/10

Some bars within a few minutes’ walk

Other units at this address

140 E Rio Salado Pkwy, Tempe, AZ

140 E Rio Salado Pkwy Tempe, AZ

Occupied

905

1 Bed

1.5 Baths

1,168 sqft

$2,300

Occupied

805

1 Bed

1.5 Baths

1,168 sqft

$1,450

Air Conditioning • Dishwasher • Walk-In Closets • Balcony • In-Unit Laundry • Assigned Parking

Occupied

302

1 Bed

2 Baths

1,168 sqft

$1,700

Fireplace • Air Conditioning • Fitness Center • Dishwasher • Balcony • In-Unit Laundry

Occupied

411-411

1 Bed

1.5 Baths

1,168 sqft

$1,950

Occupied

411

1 Bed

1 Bath

1,168 sqft

$2,200

Occupied

1002

1 Bed

1.5 Baths

1,168 sqft

$2,600

Fireplace • Furnished • In-Unit Laundry • Assigned Parking

Occupied

902

1 Bed

1.5 Baths

1,168 sqft

$3,000

Fireplace • Furnished • Assigned Parking

Occupied

Tempe Az

2 Beds

2 Baths

– sqft

$800

Dishwasher • Furnished

Occupied

612

2 Beds

2 Baths

1,850 sqft

$2,850

Fireplace • Air Conditioning • Dishwasher • High Ceilings • Walk-In Closets • Balcony

Occupied

201

2 Beds

2 Baths

1,794 sqft

$3,200

Furnished • Air Conditioning • Fitness Center • Fireplace • Dishwasher • High Ceilings

Occupied

310

2 Beds

2 Baths

2,320 sqft

$3,600

Occupied

412

2 Beds

2 Baths

1,810 sqft

$3,995

Occupied

1003

3 Beds

3 Baths

2,411 sqft

$4,900

Air Conditioning • Walk-In Closets • Balcony • Ceiling Fan • In-Unit Laundry • On-Site Laundry

Listed by On Q Property Management

Days on market: 443

End-of-Summer Move-In Special! Reduced App Fee + Move-in Credit! Application fee reduced to $49 per applicant. Here’s the best part, your application fee will be credited towards your move-in costs! Apply now—summer savings won’t last long! 6 Month lease Only! All Utilities and Hoa fees included. Experience luxury high-rise living at Bridgeview at Hayden Ferry in this stunning 10th-floor 3-bedroom, 2.5-bath condo offering 2,411 sq ft of sleek, contemporary design and breathtaking views. Located in the heart of Tempe, this exclusive unit features floor-to-ceiling windows, natural stone flooring, and an open-concept layout ideal for modern living. The gourmet kitchen boasts granite countertops, a breakfast bar, stainless steel appliances, and rich wood cabinetry, flowing effortlessly into the spacious living and dining areas. The expansive primary suite includes a walk-in closet and a spa-like en-suite bath with dual vanities, a soaking tub, and a separate walk-in shower. Enjoy the convenience of in-unit laundry, ceiling fans throughout, and a private balcony overlooking the Tempe Town Lake skyline. Residents have access to covered parking and community-maintained landscaping. Don’t miss your opportunity to live in one of Tempe’s most prestigious addresses, steps from shopping, dining, and Asu campus. Pet Policy: Dogs and Cats Allowed with the following exceptions: Upon owners approval APPLICATION: Limited Time Offer of $49 Application Fee Per Applicant 18 years or older (Nonrefundable, however credited towards Move-In costs). Please allow 24 to 72 business hours to process the Application once all required documents are submitted by all applicants 18 years or older. Submit your application: https screen boompay app a uYfKBGK51dwVPCj7mDpS LEASE Length: 12-month Minimum (Longer Lease Term may be negotiable) INITIAL Move-in Costs: Upon application approval, a nonrefundable Holding Retainer will be required to secure the property and will be applied towards the move-in costs. The Holding Retainer amount is determined by the type of Security Deposit option you choose. Applicants can choose between a traditional Security Deposit which may be 1.25 times the monthly rent but not greater than 1.5 times the monthly rent (75% refundable) or a Security Deposit Alternative program (only available on long-term leases of 12 months or more). To learn more about the Security Deposit Alternative benefits, visit https www depositalternative com A $250 one-time lease preparation fee as well as the first month's rent is due prior to move-in. If the Applicant has a Pet, $150 Non-Refundable Pet Fee per pet. RECURRING Monthly Costs: There is a 3.3% Administration Fee. If the Applicant has a Pet, a $35 Pet Rent Per Pet (Does Not Apply to Assistive Animals). All On Q Property Management Residents are enrolled in the Resident Benefits Package for $39 or $49 with pets, which includes liability insurance, credit building to help boost the resident's credit score with timely rent payments, move-in concierge service making utility connection and home service setup a breeze during your move-in, Renter to Buyer program, and much more! *Other terms and conditions may apply. The list price is the base rent and recurring monthly costs may apply. All information including advertised rent and other charges are deemed reliable but not guaranteed and is subject to change. By submitting your information on this page you consent to being contacted by the Property Ma..