Last updated on September 18, 2026

Average rent in
Arizona State University Downtown, AZ

Median rent

Median rent in Tempe

$1,495/mo

increased by2%

vs previous year

The average rent in Tempe is $1,495 per month as of September 2026. This is 21% below the national average rent, or $405 less per month.

$1.33

average price per square foot

Total rentals

Available rentals in Tempe

1,781

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Tempe rentals at each price point

50%38%25%13%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Arizona State University Downtown, AZ

Average rent prices in Tempe have increased by 2% since last year. At this time, we don't have enough information to generate yearly trends. Please see below for more rent price details.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Arizona State University Downtown, AZ

Rent prices in Tempe vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Tempe is $1,325, whereas a house costs $2,195. 1-bedroom apartments in Tempe run $1,195 on average, while 2-bedroom apartments are $1,430.

Listings

Studio

$950

-

13%

1 bedroom

$1,195

-

7%

2 bedroom

$1,495

-

6%

3 bedroom

$2,195

-

29%

4 bedroom

$2,739

-

37%

Studio

Average rent

$950

Last year

13%

1 bedroom

Average rent

$1,195

Last year

7%

2 bedroom

Average rent

$1,495

Last year

6%

3 bedroom

Average rent

$2,195

Last year

29%

4 bedroom

Average rent

$2,739

Last year

37%

The table above reflects average rent prices in Arizona State University Downtown, AZ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Discover rentals in Arizona State University Downtown, AZ

3838 N 6th St - Photo 1 of 1

1d ago

House for rent in Phoenix

3838 N 6th St, Phoenix, AZ 85012

1 bed

1 bath

$225

112 N Central Ave #M08 - Photo 1 of 1

5d+ ago

Downtown Phoenix house for rent in Phoenix

Comm/Industry Lease, Phoenix, AZ

112 N Central Ave #M08, Phoenix, AZ 85004

Studio

0 baths

$399

2535 W Highland Ave Apt 213 - Photo 1 of 1

5d+ ago

Apartment for rent in Phoenix

Spacious Studio Apartment Available in Phoenix

2535 W Highland Ave Apt 213, Phoenix, AZ 85017

Studio

1 bath

$550

5320 N 16th St #200 - Photo 1 of 1

5d+ ago

House for rent in Phoenix

Comm/Industry Lease, Phoenix, AZ

5320 N 16th St #200, Phoenix, AZ 85016

Studio

0 baths

$641

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Arizona State University Downtown, AZ

Quick answers to common questions about the Tempe rental market.

How much is rent in Tempe?

The average rent in Tempe is $1,495 per month as of September 12, 2026.

Is rent up or down in Tempe?

Average rent prices in Tempe have increased by 2% since last year.

How does Tempe rent compare to the national average?

Rent in Tempe is 21% below the national average, which means renters are paying approximately $405 less per month.

What salary do I need to afford rent in Tempe?

To comfortably afford rent in Tempe, you'd need to earn approximately $60,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

67 Flats