IMT Desert Palm Village
1215 E Vista Del Cerro Dr,
Tempe, AZ 85281
$1,235 - $2,095
1-3 Beds
Rental Market Trends in Tempe, AZ
What is the average rent in Tempe, AZ?
$1,462/month
Average Rent
693 Sq Ft
Average Apartment Size
-2%
Decrease in the Last Year
As of March 2026, the average rent in Tempe, AZ is $1,462 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Tempe rent prices are 10% lower than the national average. When you rent an apartment in Tempe, you can expect to pay about $1,354 per month for a studio, $1,462 for a one-bedroom apartment, and around $1,739 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,549 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Tempe, AZ?
In the past year, rent has decreased by 2%, which averages out to $29 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Tempe, AZ
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
8%
$700 - $1,000/month
50%
$1,001 - $1,500/month
30%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Tempe?
Based on current rent prices, Lindon Park, Tempe Gardens and Bar Ranchos are the most affordable neighborhoods in Tempe.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Tempe?
Based on current rent prices, Maple Ash, Villagio at Tempe and North Tempe are the most expensive neighborhoods in Tempe.
Neighborhood
Average Rent
Average Sq Ft
Which Tempe neighborhoods have the most rentals available?
The neighborhoods in Tempe with the most apartments available are Downtown Tempe, Alameda and North Tempe .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Tempe, AZ?
Because the average rent in Tempe is $1,462, you’ll want to make about $4,873 per month or $58,476 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Tempe, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Tempe, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Tempe we think you'll love
Property Management Companies in Tempe, AZ
Greystar
-
3,472
Communities
-
956,050
Units
-
897
Cities
26 Communities in Tempe
AMC
-
624
Communities
-
125,068
Units
-
245
Cities
11 Communities in Tempe
Chamberlin & Associates
-
58
Communities
-
9,009
Units
-
15
Cities
7 Communities in Tempe
CAM Properties
-
77
Communities
-
10,052
Units
-
13
Cities
7 Communities in Tempe
RPM
-
622
Communities
-
173,392
Units
-
246
Cities
6 Communities in Tempe
Mark-Taylor
-
29
Communities
-
7,818
Units
-
15
Cities
6 Communities in Tempe
Cushman & Wakefield
-
461
Communities
-
109,065
Units
-
230
Cities
5 Communities in Tempe
Avenue5 Residential
-
550
Communities
-
123,182
Units
-
220
Cities
5 Communities in Tempe
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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 February 2026.
* Percentages may not total 100 due to rounding.