Nearby rentals
Renter hub
Property management
Filters
Show properties that allow residents to earn extra money from hosting on Airbnb part-time. Hosting is subject to rules and restrictions. Ask property management for details.
The average monthly rent in Downtown Tempe, Tempe is down 1.25% compared to last month but up 20.09% year-over-year.
Average rent
Track prices
Great for
All rentals
5d+ ago
Verified
Studio–1 bed
1 bath
$1,911–$2,152
Apartment for rent
4h ago
Verified
1 bed
1 bath
$6,000
Apartment for rent
21h ago
Studio–3 beds
1–2 baths
$1,725–$5,383
Apartment for rent
5d+ ago
Downtown Tempe apartment for rent in Tempe
2 beds
2 baths
$2,250
Apartment for rent
Available Aug 26
5d+ ago
Downtown Tempe condo for rent in Tempe
140 E Rio Salado Pkwy #201, Tempe, AZ 85281
In-unit laundry | Furnished | Air conditioning
2 beds
2 baths
$3,200
Condo for rent
5d+ ago
Downtown Tempe condo for rent in Tempe
3 beds
2 baths
$2,450
Condo for rent
Balcony
Dishwasher
High Ceilings
Swimming Pool
5d+ ago
Downtown Tempe house for rent in Tempe
1 bed
1 bath
$2,995
House for rent
21h ago
Verified
1–2 beds
1–2 baths
$1,099–$1,399
Apartment for rent
Rent an Airbnb‑friendly apartment.
Earn
extra money.Airbnb-friendly apartments allow residents to earn extra money from hosting on Airbnb part-time.
Learn more on Airbnb
18h ago
Verified
Studio–2 beds
1–2 baths
$1,116–$3,049
Apartment for rent
1d ago
Verified
1–2 beds
1 bath
$1,050–$1,475
Apartment for rent
13h ago
Verified
Studio–2 beds
1 bath
$1,032–$1,557
Apartment for rent
15h ago
Apartment for rent in Tempe
In-unit laundry | Garage parking | Balcony
3 beds
2 baths
$3,000
Apartment for rent
5d+ ago
Apartment for rent in Tempe
1 bed
1 bath
$1,295
Apartment for rent
1d ago
1–2 beds
1 bath
$1,499–$1,599
Apartment for rent
2h ago
Verified
1 bed
1 bath
$1,655–$2,166
Apartment for rent
4h ago
Verified
1–2 beds
1–2 baths
$2,390–$4,370
Apartment for rent
These rentals are 10%-30% cheaper than the local average price for similar rentals.
5d+ ago
House for rent in Tempe
2 beds
1 bath
$1,475
House for rent
5d+ ago
House for rent in Tempe
1 bed
1 bath
$875
House for rent
5d+ ago
Apartment for rent in Tempe
2 beds
1 bath
$1,100
Apartment for rent
5d+ ago
Riverside apartment for rent in Tempe
In-unit laundry | On-site laundry | Swimming pool
1 bed
1 bath
$1,125
Apartment for rent
Available Sep 10
1d ago
Verified
909 W 2nd St, Tempe, AZ 85281
In-unit laundry | Balcony | Swimming pool
3 beds
3 baths
$2,498–$3,525
Apartment for rent
Available Sep 5
5d+ ago
Verified
Studio–2 beds
1–2 baths
$1,691–$2,638
Apartment for rent
4h ago
Verified
1 bed
1 bath
$4,410
$3,400
Price drop
Apartment for rent
5d+ ago
Apartment for rent in Tempe
1445 S Terrace Rd #2, Tempe, AZ 85281
In-unit laundry | Furnished | Air conditioning
1 bed
1 bath
$799
Apartment for rent
Available Aug 18
3d ago
Studio
1 bath
$1,000
Apartment for rent
Are you a rental professional?
30 rentals
113 rentals
187 rentals
160 rentals
199 rentals
529 rentals
95 rentals
633 rentals
709 rentals
145 rentals
1,117 rentals
457 rentals
138 rentals
1,687 rentals
9 rentals
13 rentals
7 rentals
10 rentals
38 rentals
9 rentals
31 rentals
7 rentals
20 rentals
490 rentals
314 rentals
124 rentals
4 rentals
192 rentals
182 rentals
25 rentals
3 rentals
Downtown Tempe, Tempe rent data for:
As of today, you'll find 14 apartments for rent in Tempe, with a median rent price of $2,172 per month. Tempe has seen a 20%—or $413—increase in median rent price compared to the previous year.Average Rent
$2,172Year Over Year Change
20%
$413
Rentals available, last 30 days
14
The average rent in Downtown Tempe, Tempe, AZ, for rentals of all sizes and types, is $2,172, which is a 20.09% increase year-over-year.
The monthly rent for 1-bedroom apartments in Downtown Tempe, Tempe, AZ is about $1,987. The average rent for 2-bedroom apartments in Downtown Tempe, Tempe, AZ is $1,850, and studios are about $1,096 per month.
See more Downtown Tempe, Tempe, AZ rent data on our rent research page.
$1,156
5% higher than city median
$750
32% lower than city median
1115 w 5th st
tempe, AZ, 85281
311 e aepli dr
tempe, AZ, 85282
1326 w 18th st
tempe, AZ, 85281
1500 n scovel st
tempe, AZ, 85281
2615 s dorsey ln
tempe, AZ, 85282
Showing 1 - 1 of 1 results
Age Range
0-19
68%
20-34
28%
35-44
0%
45-64
1%
65+
0%
Language
English
79%
Spanish
5%
Indo Euro
13%
Asia Pac
0%
Other
1%
Education
No HS
0%
High School
5%
Bachelor's
62%
Master's
19%
Prof Degree
10%
Doctorate
1%
Household Income
0-25k
43%
25-50k
23%
50-75k
6%
75-100k
5%
100-150k
15%
150k+
6%
Downtown Tempe, Tempe has a walk score of 7/10, so when you need to run errands or leave the neighborhood, consider heading out on foot. With a public transportation score of 8/10, you’ll have many opportunities to commute via metro bus or train.
Scores for Tempe are calculated based on the proximity to and amount of infrastructure supporting each method of transportation.
Downtown Tempe's rental market offers a good selection of listings, with an average of about 48 rentals available each month. The neighborhood's inventory is relatively balanced, with a mix of 1-bedroom, 2-bedroom, and studio apartments, as well as some 3-bedroom options. Many of these apartments cater to pet owners, with about 80% allowing pets, including small dogs. This makes Downtown Tempe a great option for renters with furry friends. With its convenient location and amenities, Downtown Tempe is a popular choice for those looking for a vibrant and lively neighborhood to call home.
Downtown Tempe's rental market has experienced a slight decline in average rent prices, with a 4.7% year-over-year decrease to $2,369 per month in 2024. However, this trend varies by bedroom count. One-bedroom apartments saw a 9.4% increase to $2,203 per month, while studios rose 12.5% to $1,770. In contrast, two-bedroom and three-bedroom apartments experienced declines of 10% and 16.4%, respectively.
Rent prices fluctuate throughout the year, with March being the most expensive month and October the least expensive. The difference between these two months is significant, with March rents averaging 17.9% higher than October. For renters looking for a deal, October may be the best time to find a more affordable option. Conversely, those seeking a specific type of apartment may face stiffer competition during the peak month of March.
Downtown Tempe's cityscape is characterized by its sleek, modern aesthetic, with Contemporary architecture making up the majority of properties in the area. This style is reflected in the clean lines, minimal ornamentation, and emphasis on functionality that define many of the neighborhood's buildings. As a result, renters looking for a modern living space with an urban feel will find plenty of options in Downtown Tempe, where Contemporary architecture is the prevailing style. Architectural style in Downtown Tempe,Tempe is representative of a subset of listings available on Zumper over the last few years.
Downtown Tempe stands out as a neighborhood that seamlessly aligns with the lifestyles and interests of its residents, particularly those who value social life and pet friendliness.
For pet owners, the area offers a range of amenities that make pet care and enjoyment effortless. From dedicated pet spaces in homes to pet-safe windows, grooming services, and regular pet events, every aspect of pet ownership is considered. The abundance of outdoor spaces, lack of breed restrictions, and access to dog parks further enhance the pet-friendly experience.
Meanwhile, for those who thrive on social interaction, Downtown Tempe is equally appealing. Its vibrant restaurant scene, dense neighborhood population, frequent transit options, well-developed street infrastructure, and emphasis on safety create an ideal environment for going out and connecting with others. Whether you're looking for a place to call home that accommodates your pets or fuels your social life, Downtown Tempe is a compelling choice.
Zumper’s proprietary rental data fuels our analysis. Rent and market trends, availability, neighborhood popularity, and lifestyle scores are all calculated using real-time and 2024 rental inventory and prices.
Our Lifestyle Categories ("great for eco-living," "great for social life," "great for pet owners," etc.) are determined by set criteria, against which we score each listing and its available features. At the neighborhood level, we calculate the listing count for each category to determine which lifestyles best fit each area.
Zumper, founded in 2012, is North America’s largest privately-owned rental platform, offering over 1 million listings across the U.S. and Canada. Stay informed on the latest trends and shifts in the rental market with our monthly National Rent Report, your go-to resource for key insights into the evolving rental landscape.
The average rent for 1 bedroom apartments for rent in Downtown Tempe is $2155 per month. There are 4 1 bedroom apartments for rent in Downtown Tempe, AZ.
The average rent for 2 bedroom apartments for rent in Downtown Tempe is $2250 per month. Currently, there are 4 2 bedroom apartments for rent in Downtown Tempe, AZ.
The average rent for 3 bedroom apartments for rent in Downtown Tempe is $2700 per month. As of today, there are 3 3 bedroom apartments for rent in Downtown Tempe, AZ.
The average rent price in Downtown Tempe, AZ for a 2 bedroom apartment is $2250 per month. Downtown Tempe average rent price is above the average national apartment rent price which is $1750 per month for a 2 bedroom apartment. Aside from rent price, the cost of living in Downtown Tempe is also important to know. Cost of living includes but is not limited to: groceries, gas, utilities, water, and electric.
The average size of a 1 bedroom apartment rental in Downtown Tempe is 777 square feet. The average size of a 2 bedroom apartment rental in Downtown Tempe is 1111 square feet. The average size of a 3 bedroom apartment rental in Downtown Tempe is 1558 square feet.
To help you better understand how much rent you can afford, check out Zumper's rent calculator. Our rent calculator can help you learn more about Downtown Tempe average rent prices.
2 bedroom apartments are the most common type of rentals in Downtown Tempe, Tempe, AZ right now.
Studio apartments are the least common type of rentals in Downtown Tempe, Tempe, AZ right now.
🔑Available apartment rentals | 25 |
---|---|
💰Best rent deal | 522 W Howe St |
✨Popular amenities | , , |
🧦In-unit laundry | |
🍽With dishwasher | |
🏠With photos |