5+ Days Ago
Highlights
Pet Friendly
- Modern interiors
- Full kitchens
Location
505 Margo Drive, Tempe, Arizona 85281, United States|Sunset
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Property Overview
Located at 505 Margo Drive, this property features modern interiors and full kitchens, enhancing its appeal. With access to top-rated elementary schools just 0.16 miles away and a favorable value-for-money ranking in the 72.73 percentile, it presents a strong opportunity for potential renters. Additionally, pet-friendly amenities are supported by nearby pet supply stores, contributing to a well-rounded living experience.
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
Elementary school nearby- Images Available
Great for
Pet owners
Amenities for 505 Margo Drive, Sunset
Apartment Amenities
| Air Conditioning | Ceiling Fan |
| Central Air Conditioning | Tile Floors |
Appliances
| Dishwasher | Electric Stove/Oven |
| In-Unit Laundry | Refrigerator |
| Washer and Dryer |
Building
| Cats OK | Dogs OK |
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
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
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About 505 Margo Drive
Sweet deal!
This listing is 27% below the median price for 4 bedroom apartments in Sunset.
Lease Today from Arizona's #1 Rated MULTIfamily Property Management Company Welcome home to a community of charming single-family residences designed for comfortable living. Choose from our 4-bedroom homes, perfect for families or roommates needing extra space, or our 2-bedroom homes, ideal for those seeking a cozy retreat. Each home includes modern interiors, full kitchens, and inviting living areas that make every day feel like home. The property is approximately three-quarters of a mile from downtown and Arizona State University, and less than a mile from major freeway access points. Conveniently located near a variety of shopping, dining, and entertainment options, this community offers an ideal blend of comfort and accessibility. 505 S Margo Drive is proud to offer deposit-free living to qualified renters through Obligo! We understand that moving costs can add up, so we want to extend financial flexibility to our residents. When you move in with us, you can skip paying a security deposit and keep the cash for activities you care about. Learn more about the benefits of deposit-free living with Obligo’s myobligo com Lease Terms: 12-month lease Water, sewer, and trash fees included Application fee: $50 (each person 18+ years old) Rent per month: $2,200 Security deposit: $2,200 One-time Move In fee: $200 Resident Benefits Package per month: $45 (non-negotiable) https getmultifamilypm com resident-benefit-package Interested to Apply? Application Criteria: https getmultifamilypm com how-to-apply Online Application Form: https getmultifamilypm managebuilding com Resident rental-application new Pet Policy: https getmultifamilypm com pet-policy Schedule a Self-showing here: https showmojo com l 0d6edd8087
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 505 Margo Drive compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
Address details
| Neighborhood | Sunset |
|---|---|
| Zip code | 85281 |
| Type | House for rent |
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Rent trends in Sunset
4-bedroom apartments at 505 Margo Drive cost about 27% less than the average rent price for 4-bedroom apartments in Tempe.
Median rents as of Dec 13 2025.
Sunset
Tempe
| Month | Median Rent |
|---|---|
| December 2023 | $2,695 |
| January 2024 | $2,722 |
| February 2024 | $2,734 |
| March 2024 | $3,009 |
| April 2024 | $3,099 |
| May 2024 | $3,233 |
| June 2024 | $3,460 |
| July 2024 | $3,248 |
| August 2024 | $3,077 |
| September 2024 | $2,886 |
| October 2024 | $2,799 |
| November 2024 | $2,728 |
| December 2024 | $2,736 |
| January 2025 | $2,738 |
| February 2025 | $2,770 |
| March 2025 | $3,159 |
| April 2025 | $3,447 |
| May 2025 | $3,208 |
| June 2025 | $2,996 |
| July 2025 | $2,851 |
| August 2025 | $2,796 |
| September 2025 | $2,746 |
| October 2025 | $2,697 |
| November 2025 | $2,697 |
| December 2025 | $2,699 |
| Month | Median Rent |
|---|---|
| March 2024 | $3,061 |
| April 2024 | $2,999 |
| May 2024 | $2,999 |
Affordability calculator
Can I afford to live at 505 Margo Drive?
Bedrooms
4+ bedroomsRent-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
$88,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 4-bedrooms monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.
Schools near 505 Margo Drive
Scales Technology Academy
1115 w 5th st
tempe, AZ, 85281
PK, K-5Public
C+
Getz School
625 w cornell dr
tempe, AZ, 85283
PK, K-8Public
B
Ward Traditional Academy
1965 e hermosa dr
tempe, AZ, 85282
K-8Public
A-
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Internet available near 505 Margo Drive
Neighborhood
Sunset | Tempe, AZ
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Tempe near 505 Margo Drive
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.
Transit
5/10
Frequent public transit options are within walking distance.
Points of interest for 505 Margo Drive, Tempe
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Variety of restaurants within a few minutes' walk
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
4/10
Some bars within walking distance
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