5+ Days Ago
Highlights
- Cozy fireplace
- Walk in closet
- Open floor plan
- Eat in kitchen
- New flooring
- New landscaping
Location
721 W Paseo Way, Tempe, AZ 85283, USA|Tempe Royal Estates
Tour 721 W Paseo Way
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Firebird Housing
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About 721 W Paseo Way
Great 3 bedroom/2 bath home in Tempe features an open floor plan. Eat in kitchen that opens to the family room, separate living room with cozy fireplace. Split master bedroom with walk in closet. NEW FLOORING, BATHS, KITCHEN, EXTERIOR AND INTERIOR PAINT. NO CARPET. All finishing touches installed - (new stove, mirrors in baths, ceiling fans). Sizable backyard with covered patio and shed. New landscaping scheduled. Cul-de-sac lot conveniently located near the I-10, shopping, restaurants.**RENTER/REALTOR TO VERIFY EVERYTHING IN THE LISTING IS CORRECT INCLUDING BUT NOT LIMITED TO APPLIANCES* If pets are approved there will be an additional fee of $25 per pet per month and/or $150 Pet deposit per pet. 3% Admin fee will apply along with a one time $150 non-refundable leasing fee.**
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 721 W Paseo Way compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.1 mile away
- More space
- The 3-bedroom is 222 sqft larger than other listings nearby
- Dishwasher
- Dishwasher available in kitchen
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Grow a garden indoors
- A balcony, backyard, or shared outdoor space isn't available
Address details
| Neighborhood | Tempe Royal Estates |
|---|---|
| Zip code | 85283 |
| Type | House for rent |
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Rent trends in Tempe Royal Estates
3-bedroom apartments at 721 W Paseo Way cost about the same as the average rent price for 3-bedroom apartments in Tempe.
Median rents as of Dec 13 2025.
Tempe Royal Estates
Tempe
| Month | Median Rent |
|---|---|
| December 2023 | $2,195 |
| January 2024 | $2,210 |
| February 2024 | $2,309 |
| March 2024 | $2,356 |
| April 2024 | $2,353 |
| May 2024 | $2,346 |
| June 2024 | $2,361 |
| July 2024 | $2,332 |
| August 2024 | $2,298 |
| September 2024 | $2,300 |
| October 2024 | $2,297 |
| November 2024 | $2,232 |
| December 2024 | $2,161 |
| January 2025 | $2,213 |
| February 2025 | $2,228 |
| March 2025 | $2,287 |
| April 2025 | $2,328 |
| May 2025 | $2,418 |
| June 2025 | $2,396 |
| July 2025 | $2,366 |
| August 2025 | $2,313 |
| September 2025 | $2,268 |
| October 2025 | $2,214 |
| November 2025 | $2,197 |
| December 2025 | $2,199 |
| Month | Median Rent |
|---|---|
| November 2025 | $2,250 |
Affordability calculator
Can I afford to live at 721 W Paseo Way?
Bedrooms
3 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
$90,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $90,000 annually to afford this 3-bedrooms monthly rent price of $2,250.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| 1 year ago | $2,250 |
Schools near 721 W Paseo Way
Kyrene de la Mariposa Computer Science Academy
50 e knox rd
tempe, AZ, 85284
PK, K-5Public
A-
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Internet available near 721 W Paseo Way
Getting around Tempe near 721 W Paseo Way
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 721 W Paseo Way, Tempe
Groceries
5/10
At least one grocery store within a 30-minute walk
Shopping
6/10
Variety of shops within walking distance
Cafes
5/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Parks
8/10
Large amount of park space nearby
Nightlife
2/10
Few or no bars within walking distance
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