IMT Desert Palm Village
1215 E Vista Del Cerro Dr,
Tempe, AZ 85281
$1,268 - $2,323 Total Monthly Price
1-3 Beds | 12 Month Lease
Area Guide
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 June 2026, the average apartment rent in Downtown Tempe is $1,371 for a studio, $1,583 for one bedroom, $1,837 for two bedrooms, and $3,127 for three bedrooms. Apartment rent in Downtown Tempe has decreased by -2.2% in the past year.
Studio
462 sq ft
Average Sq Ft
$1,371/month
Average Rent
1 BR
680 sq ft
Average Sq Ft
$1,583/month
Average Rent
2 BR
937 sq ft
Average Sq Ft
$1,837/month
Average Rent
3 BR
1,434 sq ft
Average Sq Ft
$3,127/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Tempe - Tempe, AZ is for everyday living.
Moderately Walkable
Walkability
Strong Public Transit
Transit
Exceptionally Drivable
Drivability
Very Bikeable
Bikeability
Downtown Tempe - Tempe, AZ offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 5 Minute Walk
Groceries
Great Restaurant Variety Nearby
Restaurants
Good Café Variety Nearby
Cafes
Fair Variety of Shops Nearby
Shopping
Downtown Tempe - Tempe, AZ provides ample green space and fitness centers within easy reach.
Exceptional Amount of Park Space Nearby
Parks
Good Wellness Amenity Variety Nearby
Wellness
Get a sense of what it’s like to live in Downtown Tempe - Tempe, AZ from everyday activity to noise and nightlife.
Vibrant Atmosphere at Times
Vibrancy
Good Nightlife Variety Nearby
Nightlife
Moderately Noisy
Quiet Score
† 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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.