Nexa
1205-1221 E Apache Blvd,
Tempe, AZ 85281
Studio - 3 Beds | $1,404 - $3,799
Rental Market Trends in Tempe, AZ
What is the average rent in Tempe, AZ?
$1,476/month
Average Rent
693 Sq Ft
Average Apartment Size
-1.3%
Decrease in the Last Year
As of July 2025, the average rent in Tempe, AZ is $1,476 per month. For comparison, the national average rent price in the US is currently $1,637/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 $1,370 per month for a studio, $1,476 for a one-bedroom apartment, and around $1,750 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,335 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 1.3%, which averages out to $19 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 July 2025
Legend
2024
2025
Rent Ranges in Tempe, AZ
Last Updated July 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
8%
$700 - $1,000/month
44%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Tempe?
Based on current rent prices, Oaks, Wilson Art and Garden and University Shadows 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, East Rio, Lakeview at the Bay and Tempe Gardens 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 Apache .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Tempe, AZ?
Because the average rent in Tempe is $1,476, you’ll want to make about $4,920 per month or $59,040 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
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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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 June 2025.
* Percentages may not total 100 due to rounding.