Apartments for Rent in Riverside, Tempe, AZ

Riverside, Tempe apartment availability

Riverside, Tempe offers a good selection of rental listings, with an average of about 49 rentals available each month. The neighborhood's rental market primarily features 1-bedroom, 2-bedroom, and studio apartments, with a smaller number of 3-bedroom options. Many of these apartments cater to pet owners, with over 62% allowing pets, although some may have restrictions. This makes Riverside a great option for those looking for a pet-friendly community.

Riverside, Tempe rental market trends

Renters looking for a place in Riverside, Tempe, should be aware that the area has seen a significant decrease in rent prices across all property types, with an average monthly rent of $1,406 in 2024, a 9.7% drop from the previous year.

Breaking it down by bed count, 1-bedrooms now average $1,176 per month, a 7.8% decrease, while 2-bedrooms rent for around $1,455, and 3-bedrooms for $2,843, both seeing around a 10% and 9.6% decrease respectively. However, studios have seen a 4.5% increase, now averaging $1,374 per month.

The most expensive month to rent in Riverside is June, with prices 37.5% higher than in March, the least expensive month. This significant difference in rent prices between peak and off-peak months presents an opportunity for budget-conscious renters to find a better deal during the off-season.

Why Riverside, Tempe is a great place to live

Riverside stands out as a top neighborhood in Tempe for those prioritizing environmental sustainability and a vibrant social life. The area's focus on eco-friendliness is evident in its use of non-toxic paint, sustainable materials in construction, and initiatives like waste recycling, composting, and rainwater harvesting. Community solar projects and an abundance of parks and recreation spaces further contribute to its green credentials. Meanwhile, a high walk score and excellent transit options make it easy to get around without a car. Riverside's social scene is equally thriving, thanks to its diverse neighborhood population, variety of restaurants, and reliable transit frequency. With its strong emphasis on both sustainability and community, Riverside offers a unique blend of eco-conscious living and urban connectivity.