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Monthly Rent
$1,460 - $2,768
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Bedrooms
Studio - 2 bd
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Bathrooms
1 - 2 ba
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Square Feet
543 - 2,114 sq ft
Highlights
- Waterfront
- Cabana
- Pool
- Walk-In Closets
- Deck
- Spa
- Elevator
- Balcony
Pricing & Floor Plans
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Unit 1015price $1,600square feet 543availibility Now
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Unit 3021price $1,640square feet 543availibility Now
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Unit 4017price $1,650square feet 543availibility Now
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Unit 2006price $1,673square feet 693availibility Now
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Unit 1045price $1,678square feet 693availibility Now
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Unit 3016price $1,693square feet 693availibility Now
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Unit 1005price $1,826square feet 753availibility Now
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Unit 1062price $1,831square feet 753availibility Now
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Unit 3029price $1,916square feet 753availibility Now
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Unit 1056price $1,946square feet 905availibility Now
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Unit 1063price $1,896square feet 905availibility Dec 25
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Unit 1059price $1,976square feet 897availibility Dec 31
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Unit 1068price $1,653square feet 900availibility Jan 16, 2026
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Unit 3067price $2,232square feet 1,128availibility Now
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Unit 2026price $2,423square feet 1,090availibility Dec 31
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Unit 2028price $2,723square feet 1,090availibility Jan 10, 2026
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Unit 1015price $1,600square feet 543availibility Now
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Unit 3021price $1,640square feet 543availibility Now
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Unit 4017price $1,650square feet 543availibility Now
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Unit 2006price $1,673square feet 693availibility Now
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Unit 1045price $1,678square feet 693availibility Now
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Unit 3016price $1,693square feet 693availibility Now
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Unit 1005price $1,826square feet 753availibility Now
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Unit 1062price $1,831square feet 753availibility Now
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Unit 3029price $1,916square feet 753availibility Now
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Unit 1056price $1,946square feet 905availibility Now
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Unit 1063price $1,896square feet 905availibility Dec 25
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Unit 1059price $1,976square feet 897availibility Dec 31
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Unit 1068price $1,653square feet 900availibility Jan 16, 2026
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Unit 3067price $2,232square feet 1,128availibility Now
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Unit 2026price $2,423square feet 1,090availibility Dec 31
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Unit 2028price $2,723square feet 1,090availibility Jan 10, 2026
Fees and Policies
The fees below are based on community-supplied data and may exclude additional fees and utilities.
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Utilities & Essentials
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Stormwater / Drainage Admin FeeManagement of community stormwater drainage and runoff infrastructure Charged per unit.$1 / mo
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Pest Control ServicesRegular pest prevention and treatment services. Charged per unit.$2 / mo
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Gas AdminAdministrative costs for managing gas service billing, distribution, and related expenses for your apartment home. Charged per unit.$6 / mo
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Utility - ElectricCost of electricity usage for your apartment. Charged per unit.Varies
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Utility - GasCost of gas usage for your apartment. Charged per unit.Varies
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Utility - Stormwater / DrainageLocal stormwater management and drainage system fee. Charged per unit.Varies
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Utility - Water / SewerWater usage and wastewater removal costs. Charged per unit.Varies
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Trash Services - DoorstepFee for doorstep trash and recycle pickup service. Charged per unit.Varies
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Renter Liability - Third PartyExpense related to required liability coverage through a third-party provider. Charged per unit.Varies
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Common Area UtilitiesShared utility costs in community common areas. Charged per unit.Varies
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One-Time Basics
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Due at Application
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Admin FeeFee to process rental application and background check Charged per unit.$250
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Application Fee Per ApplicantCharged per applicant.$50
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Application FeeAdministrative processing fee to cover lease preparation. Charged per applicant.$55
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Due at Move-In
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Administrative FeeCharged per unit.$200
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Security Deposit (Refundable)Refundable deposit covering potential damages and unpaid rent per lease terms. Charged per unit.$500 - $1,500
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Due at Application
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Dogs
Restrictions:NoneRead More Read LessComments
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Cats
Restrictions:Comments
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Other Pets
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Pet FeeFee for allowing pets in the home. Charged per pet.$400
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Pet Rentmonthly charge for keeping a pet in the home. Charged per pet.$45
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Parking
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ParkingFee for reserved or designated parking space use and maintenance Charged per vehicle.Varies
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Other
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Parking - ReservedFee for a designated parking spot on-site. Charged per vehicle.$75
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Storage Unit
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Storage Space RentalFee for an on-site storage unit. Charged per rentable item.$0
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Amenity / Clubhouse Rental Deposit (Refundable)Refundable deposit for potential damages during a clubhouse rental. Charged per unit.$250 / occurrence
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Parking EV ChargingFee for on-site electric vehicle charging access. Charged per unit.Varies
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Rent Payment Credit Building ServiceBuild credit by paying rent on time while gaining access to personalized budgeting tools and financial education resources. Charged per unit.Varies
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Amenity / Clubhouse Rental FeeFee for reserving the community clubhouse for events or gatherings. Charged per unit.$50
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Security Deposit AlternativeAlternative to a standard security deposit typically issued through a surety bond. Charged per unit.Varies
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Intra-Community Transfer FeeCharge for transferring to another home within the same community. Charged per unit.$500 / occurrence
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Non-Sufficient Funds (NSF)Charge for returned payments due to non-sufficient funds. Charged per unit.$75 / occurrence
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Utility - Non-transferred Utility FeeCharge for utility costs not moved to residents name. Charged per unit.Varies
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Concession RepaymentTenant repayment of rent discounts if lease terms are not met. Charged per unit.Varies
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Legal / Eviction FeeCosts associated with an eviction proceeding. Charged per unit.Varies
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Lease ViolationFee for non-compliance with lease terms or community policies. Charged per unit.Varies
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Early Lease Termination / BuyoutBuyout for ending lease agreement before its scheduled end date. Charged per unit.Varies
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Access Device ReplacementCharge to replace lost or damaged key, fob, or remote. Charged per unit.$75 / occurrence
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Month-to-Month Feemonthly fee incurred until lease agreement is renewed. Charged per unit.$500
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Utility - Vacant Cost RecoveryUtility costs incurred while the unit was unoccupied. Charged per unit.Varies
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Insufficient Move-out Notice FeeCharge for not providing proper advance notice before move-out. Charged per unit.Varies
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Late FeePenalty for rent or fee payments made after the due date. Charged per unit.Varies
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Pet / Animal Lease ViolationFee issued for unauthorized pets or violations of pet policy. Charged per unit.Varies
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Details
Lease Options
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3 - 15 Month Leases
Property Information
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Built in 2016
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290 units/5 stories
Matterport 3D Tours
Select a unit to view pricing & availability
About Vela at Tempe Town Lake
Welcome to Vela at Tempe Town Lake, where modern living meets serene lakeside views. Located just steps away from Tempe Town Lake, our community offers a variety of spacious studio, one-bedroom, and two-bedroom homes designed to fit your lifestyle. Enjoy thoughtfully curated interiors with modern finishes, alongside an array of spa-inspired amenities that elevate your living experience. Whether you're looking to relax by the pool, unwind in our state-of-the-art fitness center, or explore the vibrant Tempe neighborhood, Vela provides the perfect place to call home.
Vela at Tempe Town Lake is an apartment community located in Maricopa County and the 85281 ZIP Code. This area is served by the Tempe attendance zone.
Unique Features
- 10-Foot Ceilings
- Private Balconies Overlooking Tempe Town Lake
- Split Master Floor Plans
- Oversized Bedrooms
- Beautiful Lakefront Views
- Designer Color Schemes
- Minutes to Downtown Tempe
- Private Storage Units
- Easy Access to Tempe Town Lake Beach & Amenities
- EV Chargers
- Gourmet Kitchens
- Kitchen Prep Island with Pendant Lighting
- Full Sized Washer & Dryer in Apartment
- Hardwood Style Flooring
- Pool with Spa Cabanas
- Spacious Walk-In Closets
- Earn with Airbnb
- Spectacular Views
- Convenient Package Lockers
- Custom Built-Ins
- Plush Outdoor Seating with Gas Fire Pits
- Spa Bathrooms with Soaking Tubs
- USB Charging Outlets
Community Amenities
Pool
Fitness Center
Elevator
Wheelchair Accessible
- EV Charging
- Wheelchair Accessible
- Elevator
- Fitness Center
- Spa
- Pool
- Cabana
- Waterfront
Apartment Features
Washer/Dryer
Air Conditioning
Dishwasher
Walk-In Closets
- Washer/Dryer
- Air Conditioning
- Storage Space
- Dishwasher
- Stainless Steel Appliances
- Kitchen
- Quartz Countertops
- Walk-In Closets
- Balcony
- Deck
- EV Charging
- Wheelchair Accessible
- Elevator
- Cabana
- Waterfront
- Fitness Center
- Spa
- Pool
- 10-Foot Ceilings
- Private Balconies Overlooking Tempe Town Lake
- Split Master Floor Plans
- Oversized Bedrooms
- Beautiful Lakefront Views
- Designer Color Schemes
- Minutes to Downtown Tempe
- Private Storage Units
- Easy Access to Tempe Town Lake Beach & Amenities
- EV Chargers
- Gourmet Kitchens
- Kitchen Prep Island with Pendant Lighting
- Full Sized Washer & Dryer in Apartment
- Hardwood Style Flooring
- Pool with Spa Cabanas
- Spacious Walk-In Closets
- Earn with Airbnb
- Spectacular Views
- Convenient Package Lockers
- Custom Built-Ins
- Plush Outdoor Seating with Gas Fire Pits
- Spa Bathrooms with Soaking Tubs
- USB Charging Outlets
- Washer/Dryer
- Air Conditioning
- Storage Space
- Dishwasher
- Stainless Steel Appliances
- Kitchen
- Quartz Countertops
- Walk-In Closets
- Balcony
- Deck
| Monday | 9:30am - 5:30pm |
|---|---|
| Tuesday | 9:30am - 5:30pm |
| Wednesday | 9:30am - 5:30pm |
| Thursday | 9:30am - 5:30pm |
| Friday | 9:30am - 5:30pm |
| Saturday | 9am - 5pm |
| Sunday | 10am - 4pm |
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.
Learn more about living in Downtown Tempe| Colleges & Universities | Distance | ||
|---|---|---|---|
| Colleges & Universities | Distance | ||
| Drive: | 5 min | 1.8 mi | |
| Drive: | 5 min | 1.8 mi | |
| Drive: | 10 min | 5.3 mi | |
| Drive: | 13 min | 6.8 mi |
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Data provided by GreatSchools.org © 2025. All rights reserved.
Transportation options available in Tempe include Marina Heights/Rio Salado, located 0.9 mile from Vela at Tempe Town Lake. Vela at Tempe Town Lake is near Phoenix Sky Harbor International, located 5.2 miles or 10 minutes away, and Phoenix-Mesa Gateway, located 23.8 miles or 35 minutes away.
| Transit / Subway | Distance | ||
|---|---|---|---|
| Transit / Subway | Distance | ||
|
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Walk: | 16 min | 0.9 mi |
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Drive: | 4 min | 1.5 mi |
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Drive: | 4 min | 1.5 mi |
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Drive: | 4 min | 1.6 mi |
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Drive: | 4 min | 1.6 mi |
| Commuter Rail | Distance | ||
|---|---|---|---|
| Commuter Rail | Distance | ||
|
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Drive: | 43 min | 31.4 mi |
| Airports | Distance | ||
|---|---|---|---|
| Airports | Distance | ||
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Phoenix Sky Harbor International
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Drive: | 10 min | 5.2 mi |
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Phoenix-Mesa Gateway
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Drive: | 35 min | 23.8 mi |
Time and distance from Vela at Tempe Town Lake.
| Shopping Centers | Distance | ||
|---|---|---|---|
| Shopping Centers | Distance | ||
| Walk: | 11 min | 0.6 mi | |
| Walk: | 16 min | 0.9 mi | |
| Walk: | 17 min | 0.9 mi |
| Parks and Recreation | Distance | ||
|---|---|---|---|
| Parks and Recreation | Distance | ||
|
Desert Arboretum Park
|
Walk: | 14 min | 0.7 mi |
|
ASU Center for Meteorite Studies
|
Drive: | 5 min | 1.6 mi |
|
Papago Park
|
Drive: | 5 min | 1.7 mi |
|
Phoenix Zoo
|
Drive: | 9 min | 3.3 mi |
|
Desert Botanical Garden
|
Drive: | 7 min | 3.4 mi |
| Hospitals | Distance | ||
|---|---|---|---|
| Hospitals | Distance | ||
| Drive: | 8 min | 4.1 mi | |
| Drive: | 7 min | 4.1 mi | |
| Drive: | 9 min | 5.7 mi |
| Military Bases | Distance | ||
|---|---|---|---|
| Military Bases | Distance | ||
| Drive: | 17 min | 10.0 mi | |
| Drive: | 41 min | 30.9 mi | |
| Drive: | 108 min | 83.4 mi |
Property Ratings at Vela at Tempe Town Lake
There are pro's and con's, so consider if it's worth it to you. Pros - great location, not as expensive as some of the other places here. We had an issue with our washer not working when we moved in and they fixed that immediately, but that management is now gone. Con's - pool/common space bathroom has never once had soap or paper towels in the 6 months I've been here. I have brought this up to management multiple times. Today I was told "Don't you have a bathroom in your unit you can use?" If you come for a tour, ask to use that bathroom to see what kind of management we have. The wifi they'll tell you about for the common spaces has also never worked and they've done nothing to fix it. The ceiling leaks during the rainy season and they have done nothing to fix it. The entire building had flooding/leaks through out. The hallways smells horrible because of the ongoing leaks. Everyone let's their dogs pee/poop in the common area fake grass, so that smells. If you don't use the common spaces, and get a unit that doesn't leak, and never need anything from management, you'll prob have a good experience.
Property Manager at Vela at Tempe Town Lake, Responded To This Review
We want you to know that we value your feedback and that we've read your previous review as well. It's extremely important to us that you have a better experience moving forward, and we'd like to further discuss these concerns regarding your apartment home and any pending repairs needed in our community's common areas. We'll continue to maintain our grounds by picking up after others and reminding them of our strict personal and pet waste policies as well. Please feel free to reach out to us at velatempe@rpmliving.com when you have a moment to review this feedback in greater detail. Our team looks forward to speaking with you.
Do not move here. Let me succinctly tell you why: 1) There's a pool alarm that goes off 3-4x a week in the middle of the night waking everyone up. Management wants to fix it but told me they don't have the budget to lock the gate at midnight and stop the alarm. 2) I know of at least 8 car burglaries in the past two months - windows smashing. No one feels safe. 3) I've seen my neighbors being hauled out in handcuffs and sent to jail. 4) Homeless sleep next to the property regularly and we don't have the budget for real security they say. I loved living here before but I'm tired of hearing "I can't fix it" when it comes to safety.
Absolutely HELL of an experience here. This is worth the read… Day 1: Vela gave up our apartment we paid to have held, told us to take a less desirable one or take a hike. This apartment has been the worst place I have ever stayed in, and I’ve been in 27 difference places. The upstairs renters used their patio as a poop/pee spot for their animals, which leaked down to our patio and rendered our patio a useless/uninhabitable BIOHAZARD that could easily make our dogs sick or even worse. 9 months of constant communication with management and they never solved this issue. They kicked out the upstairs renters and put in new ones. THEY DID THE SAME THING! After emailing management with plenty of proof, videos and pictures of them washing their poopy/pee balcony with chemicals down to our balcony, MANAGEMENT STILL HAS DONE NOTHING! Emailing the manager and REGIONAL MANAGER and they have done nothing but ignore me and make false promises saying they will “talk” to the tenants. This is 8 months going on 9 months now with no solution. Over 50 emails begging for something to be done and nothing. Resident events: If you have a normal job, you will never be able to attend resigned events as they only schedule them 3-5pm. The staff at this community puts in the BARE MINIMUM and calls this place “luxurious.” Along with dirty hallways, constant break-ins, stolen packages, trash NEVER being picked up on time, I have absolutely nothing good to say about this community. Paying a few hundred dollars a month in amenity fees for WHAT? Broken gym equipment, no cleaning supplies ever in the gym, gross facilities, hot tubs full of foam and chemicals that can burn you, a fountain bigger than the pool? Is that necessary? Doors unlocked by key fobs always broken, elevators constantly broken, smell of weed everywhere. I can keep going on and on about how awful this place is, but I think you get the point. Management will most likely try to respond to this saying none of it happened, but I have all the emails, all the photos and videos to back up everything I’ve stated. Please stay away from this place!
Run away as fast as you can. I wrote out all of our problems with Vela and its staff, but it was too many characters to fit in the review. Some highlights: - It routinely takes more than a week or two for any maintenance requests to be completed. - Multiple exterior doors are frequently left open for anyone to come in and out as they please. This has been brought to the attention of the staff who say they are “trying” to fix it, but nothing has been done. This complex is absolutely not secure. - omeone threw a bunch of sauce (probably marinara, who knows) on the wall of one of the public hallways. This was left there by the staff for nearly a week. Once is was brought to their attention they simply painted over the sauce on the wall, while leaving all the residual sauce on the floor, INCLUDING THE CONTAINER THE SAUCE CAME IN. We had to contact them AGAIN to clean up the floor and the sauce container, and they didn’t clean that part up for another 36-48 hours.
This was an outstanding place to live. New, clean, great amenities, location, well maintained. Since Shelton Cook took over a couple months ago it’s gone immediately downhill. Maintenance is now as bad as I’ve ever seen, workout area is constantly in disarray and filthy, packages aren’t held in the office, properly is generally dirty, parking rules aren’t enforced making with cars parking wherever they want and often blocking other cars in, pet waste everywhere and a generally feeling of apathy from the staff. No longer worth the high end $ for rent. Prospective renters beware.
I have been a resident of VELA since August 2017. I wanted to write this review to let future renters know exactly what you are getting. There are really three issues: the developers, the City of Tempe and the new management company. Each of the following points are based on fact - not opinion. I will update this review anytime with new, updated information. 1. The developers have taken over the area by VELA. They close walkways by the lake, it is noisy, lots of small bugs and driving/biking is dangerous in some cases. I most recently had to the complain to the City of Tempe about The Watermark developer closing a major walkway. The city took care of the issue, but it is clear that the developers around VELA care only about themselves. 2. Everyone who lives on the lake pays additional fees/assessments to the City of Tempe. Since the city regularly has events on the lake, they have little sympathy for those who actually live and have to get around. I have talked with numerous city officials and city council members. They are nice, but nothing gets done. 3. The new VELA management team. You expect transition issues with any new management company. However, the lack of communication to residents and the general disorganization by the property management is concerning. A good example: they changed the company that handle billing for water. No EMAIL or notification to residents, and now I have been billed for double the amount of previous months -- no resolution at the time of writing this review. Certainly you expect more for the monthly rental price.
First off I’m very hard to impress because i am a clean freak and this is my complete and honest opinion ,and I’m very impressed with how clean and well maintained the property is I’ve actually told all my family and friends about how clean this place is and my family that has came over to visit and who are equally as clean as I am have been impressed. Your maintenance team has done a outstanding job.
Friendly staff, very quick to respond. Very clean atmosphere. Love it. Greg is a pleasure to talk to every single day as well. I love him.
Would recommend for location, amenities. Would not recommend for ongoing construction noise/traffic. People in marina are noisy and disrespectful, especially with loud cars at night.
Would recommend Vela because of the professional help that is given as well as the neatness and location of the community.
Absolutely, we the residencenter appreciate all the updates regarding the construction and between me and yall, we appreciate the compensation for everything that's affecting us like the sounds of the construction bright and early and such. The team at Vela is truly trying their very best to accommodate for any inconvenience.
Obviously the property and amenities are beautiful. The community, including residents and staff, is very nice and everyone is friendly. We love it!
Alex was amazing from start to finish and was the main reason I chose this property over the others near you. I will have my other co-workers ask for her personally.
The community is just very expensive, and people can be loud in the courtyards at night. Other than that I love it!
I think it's a little over priced, considering there is a strip club a street away (haha), especially the valet trash and pet rent. I have legs and would rather not pay 300$ a year to have someone take it out for me, I also think it's gross that people's trash is just like in the hall way for hours waiting to be picked up. I like it but those are a few cons for me, along with the light colored carpet that shows everything.
These are nice apartments. Pros... Feel safe, even at night (coming home late) Modern Mostly quiet Pretty Great amenities Friendly/ caring staff Maintenance is on point Amazing sunset veiw on lake, foot steps away Parking garage Very secure Negatives... Pet charge is highest I've ever paid Valet trash cost (I have legs, I take out my own but still have to pay for it) Light colored carpet in bed room (shows every peice of dirt and pet fur lol)
I was not home to meet the maintenance personnel but the slip they left indicated they completed my request within a very reasonable time.
This is, by far, the nicest apartment I've lived in. Location is great, units are beautiful, spacious, and well appointed, community has great amenities, and staff is courteous and competent. Highly recommend.
The community is very well kept and the amenities inside the apartment are great!
So far, we're very happy here. The complex is very nice and getting nicer by the day; the staff is very friendly and helpful, our apartment unit is beautiful, the complex is centrally located, and we LOVE that it's a 21+ community.
I would totally recommend Vela to anyone who wants great management, pristine conditions of the building, amenities and apartments, and a central location.
Vela at Tempe Town Lake Photos
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Clubhouse
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RESIDENT LOUNGE
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RESIDENT LOUNGE
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RESIDENT LOUNGE
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FITNESS CENTER
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FITNESS CENTER
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Models
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Studio
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Studio
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1 Bedroom
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1 Bedroom
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1 Bedroom
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1 Bedroom
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Vela at Tempe Town Lake has units with in‑unit washers and dryers, making laundry day simple for residents.
Utilities are not included in rent. Residents should plan to set up and pay for all services separately.
Vela at Tempe Town Lake has studios to two-bedrooms with rent ranges from $1,460/mo. to $2,768/mo.
Yes, Vela at Tempe Town Lake welcomes pets. Breed restrictions, weight limits, and additional fees may apply. View this property's pet policy.
A good rule of thumb is to spend no more than 30% of your gross income on rent. Based on the lowest available rent of $1,460 for a studio, you would need to earn about $53,000 per year to qualify. Want to double-check your budget? Try our Rent Affordability Calculator to see how much rent fits your income and lifestyle.
Vela at Tempe Town Lake is offering Specials for eligible applicants, with rental rates starting at $1,460.
Yes! Vela at Tempe Town Lake offers 8 Matterport 3D Tours. Explore different floor plans and see unit level details, all without leaving home.
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
What is a Sound Score Rating?
A Sound Score Rating aggregates noise caused by vehicle traffic, airplane traffic and local sources
555 N College Ave
Tempe, AZ 85281