Average Rent in Tempe, AZ

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Current Versus Historical Tempe, AZ Rents

Tempe rentals average $1,555 for a studio rental to $3,000 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $20 per square feet.

For the apartment units and housing in August 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $79 (-4.58%) year-over-year from $1,733 to $1,654. 1-bedroom rentals prices have increased by $161 (13.25%) year-over-year from $1,214 to $1,375. 2-bedroom rentals prices have decreased by $273 (-14.17%) year-over-year from $1,923 to $1,650. 3-bedroom rentals prices have increased by $93 (4.02%) year-over-year from $2,302 to $2,395. 4-bedroom rentals prices have increased by $212 (7.60%) year-over-year from $2,783 to $2,995. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 10.73% this month. 1-bedroom rents have gone down by 0.46% this month. 2-bedroom rents have gone down by 5.16% this month. 3-bedroom rents have gone up by 1.60% this month. 4-bedroom rents have gone down by 2.26% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$25.51	$1,654	$1,733 (-4.58%)	$923 (79.17%)
1 BR	$22.56	$1,375	$1,214 (13.25%)	$1,303 (5.51%)
2 BR	$20.49	$1,650	$1,923 (-14.17%)	$1,739 (-5.12%)
3 BR	$19.70	$2,395	$2,302 (4.02%)	$2,424 (-1.20%)
4+ BR	$18.85	$2,995	$2,783 (7.60%)	$2,895 (3.46%)

Historical Rents in Tempe, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Tempe

There are a total of 2 cities nearby Tempe. The average rent in Tempe is currently $2,292 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,088, is the most affordable city nearby. In contrast, the most expensive city near Tempe, AZ is Chandler, AZ. Monthly rents here are on average $2,495 per month.

Let's compare Tempe, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Tempe, AZ is 29.80% more expensive than other cities nearby. One bedrooms are about 2.60% more affordable. Two bedrooms in Tempe, AZ are about 9.47% more affordable. Finally, rent for three bedrooms are about 0.94% more expensive. Want more information? Check out the top 2 cities near Tempe, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Phoenix, AZ	$823	$1,300	$1,700	$2,088
Chandler, AZ	$1,360	$1,503	$1,913	$2,495

Top Neighborhoods Near Tempe

There are a total of 4 neighborhoods in or near Tempe. Some of these neighborhoods include Downtown Phoenix, Downtown Scottsdale, and Scottsdale Ranch. We've included all of these top 4 neighborhoods in or near Tempe, AZ in the following table.

The average rent for these 4 neighborhoods in or near Tempe, AZ is currently around $3,671 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,671. Interestingly, the neighborhoods' average rent is higher than Tempe's average rent, which is only $2,200. Out of all the neighborhoods in or near Tempe, Downtown Phoenix has the most affordable average rent at $2,095 per month. Whereas, at $4,490 average rent per month, McCormick Ranch is the most expensive neighborhood in or near Tempe. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Downtown Phoenix, Phoenix, AZ	$1,099	$1,914	$2,695	$2,095
Downtown Scottsdale, Scottsdale, AZ	$1,295	$2,750	$3,250	$3,550
Scottsdale Ranch, Scottsdale, AZ	N/A	$3,300	$3,813	$3,793
McCormick Ranch, Scottsdale, AZ	$2,025	$2,250	$3,995	$4,490

Top Counties Near Tempe

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Tempe

There are a total of 41 zipcodes in or near Tempe, AZ. The average rent for all of these zipcodes is $2,200. A total of 20 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85008, Phoenix, AZ at $1,374 per month. In comparison, the zipcode with the most expensive average rent of $14,495 per month is 85253, Paradise Valley, AZ.

Studios in these zipcodes have an average rent of $649. That's at least $10 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Tempe, AZ is $1,325 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,773 per month. Which comes out to $21 per sqft. The following table includes the top 10 zipcodes in Tempe, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85281, Tempe, AZ	$1,654	$1,400	$1,695	$2,000
85251, Scottsdale, AZ	$999	$1,996	$2,499	$3,000
85282, Tempe, AZ	$1,024	$1,238	$1,550	$2,498
85018, Phoenix, AZ	$649	$1,540	$2,000	$2,695
85258, Maricopa County, AZ	$2,025	$2,066	$3,948	$4,200
85257, Scottsdale, AZ	N/A	$1,399	$1,823	$3,400
85283, Tempe, AZ	$1,204	$1,367	$1,785	$2,195
85016, Phoenix, AZ	$862	$1,413	$1,980	$1,995
85008, Phoenix, AZ	$847	$1,197	$1,539	$1,374
85225, Chandler, AZ	$1,087	$1,360	$1,699	$2,200

Frequently Asked Questions - Tempe Average Rents

What is the average rent price in Tempe, AZ?

The average monthly rental price for Tempe, AZ apartments for rent is approximately $2,200. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Tempe, AZ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Tempe, AZ.

How much is a studio apartment in Tempe, AZ?

The average monthly rental price for studio apartments is $1,555 and an average price per square feet of $25.51. There are a total of 22 studio apartment listings currently available for rent in Tempe.

How much is a one bedroom apartment in Tempe, AZ?

The average monthly rental price for one bedroom apartments is $1,366 and an average price per square feet of $22.56. There are a total of 69 one bedroom apartment listings currently available for rent in Tempe.

How much is a two bedroom apartment in Tempe, AZ?

The average monthly rental price for two bedroom apartments is $1,650 and an average price per square feet of $20.49. There are a total of 144 two bedroom apartment listings currently available for rent in Tempe.

How have rent prices in Tempe, AZ changed this year?

Rent prices for rentals in Tempe, AZ can fluctuate yearly. Specifically, studio rental prices have changed by -0.05%, one bedroom rental prices have changed by 0.13%, two bedroom rental prices have changed by -0.14%, three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Tempe, AZ?

A reasonable rent price in Tempe, AZ is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.