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

The average rent for a 1-bedroom apartment in Tempe, AZ is $1,367, while a 2-bedroom apartment averages around $1,739.

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?

The best time to look for an apartment in Tempe is during the winter months when prices may be lower, although the selection might be limited. March and April are the most competitive months, while August and September are less competitive.

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

Popular neighborhoods in Tempe include Mitchell Park West, Downtown Tempe, University Heights, and Riverside, known for their high walk scores and vibrant atmosphere. Riverside and Sunset are among the most desirable areas, with higher interest from potential renters.

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

Budget-conscious renters should consider University Heights, where rent is 16% lower than the city median, or Broadmor, which is 5% lower than the city median.

Are there pet-friendly apartments in Tempe, AZ?

Yes, there are pet-friendly apartments in Tempe, with 63.77% of listings being pet-friendly.

Are utilities usually included in rent in Tempe, AZ?

Utilities are included in about 9% of rental listings in Tempe.

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

Tempe features a mix of architectural styles, with a significant portion being ranch-style homes, which are older. However, contemporary homes are also prevalent, making up about 27% of the market.