How much is the average rent in Tempe, AZ for 1-bedroom and 2-bedroom apartments?

Tempe's 2025 rental market shows one-bedroom apartments averaging around $1,400 per month, while two-bedroom units average around $1,700 monthly. These figures represent the current pricing across this Arizona State University town's diverse rental inventory.

Are rents going up or down in Tempe, AZ?

Rents in Tempe, AZ have been decreasing, with a decline of approximately 6% year-over-year in 2024. Specifically, 1-bedroom rents have decreased by 10.5% annually.

When is the best time to look for an apartment in Tempe, AZ?

December represents the optimal time to search for apartments in Tempe, offering both the lowest seasonal rents and reduced competition among renters. June sees the highest rent prices, with approximately a 10% difference between peak and off-peak months, while March becomes the most competitive period with higher demand relative to available inventory.

What are the best neighborhoods to rent an apartment in Tempe, AZ?

University Heights, Riverside, Downtown Tempe, and Mitchell Park West excel for social connectivity with high walk scores and abundant dining options. Tempe Royal Estates generates the highest consumer interest at 3.5 times the market average, while Riverside follows with nearly 1.2 times more interest than typical neighborhoods.

What areas of Tempe, AZ are best for budget-conscious renters?

University Heights offers the most affordable option with median rent around $1,220, followed by Riverside at around $1,320 and Broadmor at around $1,400. These neighborhoods provide budget-friendly alternatives while maintaining access to Tempe's walkable amenities and community features.

Are there pet-friendly apartments in Tempe, AZ?

Tempe offers excellent options for pet owners, with 53% of rental listings featuring pet-friendly policies. Kiwanis Park, Optimist Park SW, Tempe Royal Estates, and Tempe Gardens provide the most comprehensive pet amenities, including dedicated pet spaces, waste stations, and dog parks with reasonable pet deposits.

Are utilities usually included in rent in Tempe, AZ?

Utilities are rarely included in Tempe rental properties, appearing in less than 1% of total listings across all bedroom types. Studios show the highest rate at 0.09% of available units, while larger apartments typically require separate utility arrangements with providers.

Are most apartments in Tempe, AZ largely older buildings or new developments?

Tempe's rental market predominantly features ranch-style homes from the post-World War II era, comprising 64% of available properties and reflecting the 1940s-1950s suburban expansion. Contemporary architecture accounts for 23% of the market, while Spanish-style homes from the early 1900s revival movement make up 8% of rental options.