Rental Market Trends in Tempe, AZ

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The average rent in Tempe, AZ, as of June 2025, is approximately $803 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

Market summary

Data is based on rental rates on sulekha.com. Last updated in June 2025.

Average Rental Price Over Time

How much has the average rent changed in Tempe, AZ?

The average rent for all property types is $803,which is 0% increase compared to the previous year.

2023
2024

Occupied Housing Units in Tempe, AZ

Property

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$803

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Neighborhood Rent Trends in Tempe, AZ

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FAQs

Answers to Your Rental Questions

We've got answers to your most common questions about rentals, from property listings to pricing trends and everything in between.

What is the average rent in Tempe, AZ?

The average rent in Tempe, AZ is around $803 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Tempe, AZ.
How many rentals are available in Tempe, AZ?

Currently, there are 3 rental properties available in Tempe, AZ. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Tempe, AZ, you have plenty of choices to explore!
What are the best neighborhoods to rent in Tempe, AZ?
If you're looking for budget-friendly neighborhoods in Tempe, AZ, consider these options:
- Terracita: Average rent is $1500 per month.
- Crossriver: Average rent is $900 per month.
- Sonoran Foothills: Average rent is $885 per month.
- Dobbins Creek: Average rent is $850 per month.
- Northwest Village: Average rent is $825 per month.
- Tatum Highlands: Average rent is $805 per month.
These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.
What are the most affordable neighborhoods in Tempe, AZ?
The most expensive neighborhoods in Tempe, AZ are:
- Country Gables: Average rent is $450 per month.
- Tovrea: Average rent is $500 per month.
- Westridge Shadows: Average rent is $770 per month.
- Southern Views: Average rent is $696 per month.
- Coronado: Average rent is $765 per month.
- Tatum Highlands: Average rent is $805 per month.
How much has the average rent changed in Tempe, AZ?

Over the past year, the average rent in Tempe, AZ have increased by approximately 0%, which translates to $66 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.
How much has the rent in Tempe, AZ increased or decreased in the last month?

The Average rent price in Tempe, AZ for June 2025 is $803, which is $52 less than in May.