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The average monthly rent in Downtown Tempe, Tempe is up 3.58% compared to last month but down 15.13% year-over-year.
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All rentals
5d+ ago
Verified
Studio–2 beds
1–2 baths
$2,000–$2,760
Apartment for rent
2d ago
827 815, 821, 827 W. 1st St., Tempe, AZ 85281
On-site laundry | Assigned parking | Swimming pool
1 bed
1 bath
$999
Apartment for rent
3h ago
Downtown Tempe apartment for rent in Tempe
1 bed
1 bath
$1,363
Apartment for rent
1d ago
Downtown Tempe condo for rent in Tempe
140 E Rio Salado Pkwy, Tempe, AZ 85281
Furnished | Garage parking | Swimming pool
1 bed
1 bath
$795
Condo for rent
Available Apr 1
5d+ ago
Downtown Tempe condo for rent in Tempe
154 W 5th St #205, Tempe, AZ 85281
In-unit laundry | Air conditioning | Balcony
3 beds
2 baths
$1,995
Condo for rent
5d+ ago
Downtown Tempe condo for rent in Tempe
2 beds
2 baths
$2,600
Condo for rent
Swimming Pool
In-Unit Laundry
Air Conditioning
Dishwasher
5d+ ago
Downtown Tempe condo for rent in Tempe
154 W 5th St #210, Tempe, AZ 85281
In-unit laundry | Air conditioning | Swimming pool
2 beds
2 baths
$1,795
Condo for rent
5d+ ago
Downtown Tempe house for rent in Tempe
1 bed
2 baths
$2,600
House for rent
Available Feb 2
Rent an Airbnb‑friendly apartment.
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5d+ ago
Downtown Tempe house for rent in Tempe
1 bed
1 bath
$2,995
House for rent
7h ago
Verified
Studio–2 beds
1–2 baths
$1,027–$2,946
Apartment for rent
1d ago
Verified
1–2 beds
1 bath
$1,095–$1,495
Apartment for rent
16h ago
Verified
Studio–2 beds
1 bath
$1,027–$1,612
Apartment for rent
5d+ ago
2 beds
1 bath
$1,550
Apartment for rent
19h ago
3 beds
2 baths
$3,195–$3,395
Apartment for rent
3h ago
1–2 beds
1 bath
$1,199–$1,299
Apartment for rent
5d+ ago
Verified
1222 S Roosevelt St #NA, Tempe, AZ 85281
In-unit laundry | Air conditioning | Assigned parking
3 beds
2 baths
$2,995
House for rent
Available Aug 1
These rentals are 10%-30% cheaper than the local average price for similar rentals.
5d+ ago
Verified
Studio–2 beds
1–2 baths
$1,854–$2,745
Apartment for rent
19h ago
Verified
4 beds
2 baths
$2,615
$2,385
Price drop
House for rent
Available Feb 20
5d+ ago
Verified
1 bed
1 bath
$1,845–$2,275
Apartment for rent
5d+ ago
Apartment for rent in Tempe
Dishwasher | Oven | Microwave
2 beds
2 baths
$1,395
Apartment for rent
5d+ ago
Townhouse for rent in Tempe
1411 S Bonarden Ln, Tempe, AZ 85281
In-unit laundry | Air conditioning | Ceiling fan
2 beds
1 bath
$1,599
House for rent
5d+ ago
Apartment for rent in Tempe
906 S Farmer Ave, Tempe, AZ 85281
2 beds
1 bath
$1,100
Apartment for rent
5d+ ago
Riverside apartment for rent in Tempe
704 W 5th St #720B, Tempe, AZ 85281
In-unit laundry | Air conditioning | Assigned parking
2 beds
2 baths
$1,295
Apartment for rent
Available Apr 17
5d+ ago
Condo for rent in Tempe
2 beds
2 baths
$1,345
Condo for rent
5d+ ago
1 bed
1 bath
$850
Apartment for rent
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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 size of a 1 bedroom apartment rental in Downtown Tempe is 1048 square feet. The average size of a 2 bedroom apartment rental in Downtown Tempe is 1221 square feet. The average size of a 3 bedroom apartment rental in Downtown Tempe is 1273 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.
3 bedroom apartments are the least common type of rentals in Downtown Tempe, Tempe, AZ right now.
| 🔑Available apartment rentals | 25 |
|---|---|
| 💰Best rent deal | 140 E Rio Salado Pkwy |
| ✨Popular amenities | , , |
| 🧦In-unit laundry | |
| 🍽With dishwasher | |
| 🏠With photos |