IMT Desert Palm Village
1215 E Vista Del Cerro Dr,
Tempe, AZ 85281
1-3 Beds | $1,253 - $2,343
Rental Market Trends in Tempe, AZ
Updated July 2026
The average rent in Tempe, AZ is $1,484/month.
Rent in Tempe is roughly equal to the national average rent of of $1,662/month.
$1,484/month
Average Rent
693 Sq Ft
Average Size
-2.2%
Change / Year
5,531
Available Apartments
Tempe rent varies by unit size and layout:
- Studio apartments in Tempe average $1,353 per month.
- One-bedroom apartments in Tempe average $1,484 per month.
- Two-bedroom apartments in Tempe average $1,725 per month.
- Three-bedroom apartments in Tempe average $2,389 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Tempe, AZ?
In the past year, rent has decreased by 2.2%, which averages out to $32 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Tempe, AZ
July 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
What are the most affordable neighborhoods in Tempe?
Based on current rent prices, Guadalupe, South Tempe and Alameda 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, North Tempe, West Tempe and Downtown 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 $1,484, you’ll want to make about $4,946 per month or $59,352 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.
View the Tempe Area GuideStudio
$1,190/month
$1,403/month
One Bedroom
$1,250/month
$1,657/month
Two Bedroom
$1,555/month
$1,971/month
Three Bedroom
$1,784/month
$2,424/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Tempe?
The average rent in Tempe is $1,484 per month, which is 10.7% lower than the national average of $1,662.
What is the average rent for a house in Tempe?
The average rent for a house in Tempe, AZ is $2,904 per month.
What is the average rent for a townhome in Tempe?
The average rent for a townhome in Tempe, AZ is $1,885 per month.
What is the average rent for a condo in Tempe?
The average rent for a condo in Tempe, AZ is $1,396 per month.
Are rents going up or down in Tempe?
Rents in Tempe, AZ are decreasing, with prices down 2.2% year-over-year and $32 less per month.
What rent range is most common in Tempe?
In Tempe, AZ, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 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.
* Percentages may not total 100 due to rounding.