Nexa
1205-1221 E Apache Blvd,
Tempe, AZ 85281
$1,514 - $4,213
Studio - 3 Beds
Formerly known as the Mill Avenue District, Downtown Tempe serves as the central hub for Tempe shopping, dining, nightlife, and recreation. Built around Arizona State University, the area thrives by embracing the college culture and building a city ideal for home, work and play. Several large businesses offer jobs in Downtown Tempe and housing ranges from quaint historical homes to modern waterfront condos and apartments for rent that overlook Tempe Town Lake.
Located 19 miles from Downtown Phoenix and close to other large suburbs, Downtown Tempe provides an accessible location for community events for residents across the Phoenix metropolitan area. Events such as the Tempe Festival of the Arts draw in nearly 225,000 visitors over a three-day weekend.
As of October 2025, the average apartment rent in Downtown Tempe is $1,322 for a studio, $1,476 for one bedroom, $1,787 for two bedrooms, and $2,778 for three bedrooms. Apartment rent in Downtown Tempe has decreased by -3.5% in the past year.
Studio
485 sq ft
Average Sq Ft
$1,322/month
Average Rent
1 BR
678 sq ft
Average Sq Ft
$1,476/month
Average Rent
2 BR
972 sq ft
Average Sq Ft
$1,787/month
Average Rent
3 BR
1,385 sq ft
Average Sq Ft
$2,778/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Biker's Paradise
out of 100 BikeScore® Rating
Do you prefer to get around on two wheels? You’ll love living in this neighborhood, which is considered a biker’s paradise.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.