Average Rent in Tempe, AZ

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Current Versus Historical Tempe, AZ Rents

Tempe rentals average $1,615 for a studio rental to $3,400 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $20 per square feet.

For the apartment units and housing in July 2026, median rents have risen over the last year. Studio rentals prices have decreased by $481 (-27.77%) year-over-year from $1,731 to $1,250. 1-bedroom rentals prices have increased by $103 (8.25%) year-over-year from $1,244 to $1,347. 2-bedroom rentals prices have decreased by $178 (-9.52%) year-over-year from $1,873 to $1,695. 3-bedroom rentals prices have increased by $155 (6.62%) year-over-year from $2,345 to $2,500. 4-bedroom rentals prices have increased by $434 (14.17%) year-over-year from $3,066 to $3,500. 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 down by 7.57% this month. 1-bedroom rents have gone down by 0.94% this month. 2-bedroom rents have gone down by 2.07% this month. 3-bedroom rents have gone up by 4.97% this month. 4-bedroom rents have gone up by 6.60% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$27.73	$1,250	$1,731 (-27.77%)	$965 (29.53%)
1 BR	$24.00	$1,347	$1,244 (8.25%)	$1,302 (3.44%)
2 BR	$19.80	$1,695	$1,873 (-9.52%)	$1,647 (2.89%)
3 BR	$20.03	$2,500	$2,345 (6.62%)	$2,481 (0.77%)
4+ BR	$20.35	$3,500	$3,066 (14.17%)	$2,881 (21.50%)

Historical Rents in Tempe, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Tempe

There are a total of 3 cities nearby Tempe. The average rent in Tempe is currently $2,463 per month. Only one city nearby has an average rent lower than that. Our records show that Phoenix, AZ, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Tempe, AZ is Paradise Valley, AZ. Monthly rents here are on average $21,900 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 48.92% more expensive than other cities nearby. One bedrooms are about 20.00% more affordable. Two bedrooms in Tempe, AZ are about 8.35% more affordable. Finally, rent for three bedrooms are about 0.21% more expensive. Want more information? Check out the top 3 cities near Tempe, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Phoenix, AZ	$825	$1,325	$1,700	$2,100
Chandler, AZ	$1,360	$1,695	$1,920	$2,463
Paradise Valley, AZ	N/A	$11,500	$18,000	$21,900

Top Neighborhoods Near Tempe

There are a total of 4 neighborhoods in or near Tempe. Some of these neighborhoods include Downtown Phoenix, Scottsdale Ranch, and Downtown Scottsdale. 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 $3,599 per month. A total of one neighborhood has a lower average rent. Meaning, only three neighborhoods have a higher average rent than $3,599. Interestingly, the neighborhoods' average rent is higher than Tempe's average rent, which is only $2,300. Out of all the neighborhoods in or near Tempe, Downtown Phoenix has the most affordable average rent at $1,995 per month. Whereas, at $4,425 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	$778	$1,914	$2,500	$1,995
Scottsdale Ranch, Scottsdale, AZ	N/A	$2,548	$3,500	$3,500
Downtown Scottsdale, Scottsdale, AZ	$1,900	$2,795	$3,350	$3,697
McCormick Ranch, Scottsdale, AZ	$2,025	$2,250	$3,998	$4,425

Top Counties Near Tempe

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near Tempe

There are a total of 40 zipcodes in or near Tempe, AZ. The average rent for all of these zipcodes is $2,262. A total of 21 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85015, Phoenix, AZ at $1,399 per month. In comparison, the zipcode with the most expensive average rent of $15,000 per month is 85253, Paradise Valley, AZ.

Studios in these zipcodes have an average rent of $314. That's at least $9 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Tempe, AZ is $1,380 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,811 per month. Which comes out to $20 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	$1,704	$1,664	$1,850	$2,195
85251, Scottsdale, AZ	$1,253	$1,946	$2,500	$3,000
85282, Tempe, AZ	$1,024	$1,274	$1,596	$2,725
85018, Phoenix, AZ	$699	$1,385	$2,095	$2,700
85258, Maricopa County, AZ	$2,025	$2,122	$3,600	$4,000
85257, Scottsdale, AZ	N/A	$1,492	$1,780	$3,400
85283, Tempe, AZ	$1,204	$1,425	$1,800	$2,200
85016, Phoenix, AZ	$875	$1,495	$2,250	$2,200
85008, Phoenix, AZ	$847	$1,248	$1,495	$1,495
85225, Chandler, AZ	$1,087	$1,351	$1,750	$2,275

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 $2,300. 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 $1,615 and an average price per square feet of $27.73. There are a total of 21 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 $1,413 and an average price per square feet of $24.00. There are a total of 58 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 $1,772 and an average price per square feet of $19.80. There are a total of 124 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 -0.28%, one bedroom rental prices have changed by 0.08%, two bedroom rental prices have changed by -0.10%, three bedroom rental prices have changed by 0.07% year-over-year.

What is a reasonable rent price in Tempe, AZ?

A reasonable rent price in Tempe, AZ is around $1,840/month. You can search for these reasonably priced rental listings on RentHop.