Last updated
Average Rent in Tempe AZ & Rent Trends
Rent prices and market trends across 6 apartment communities in Tempe AZ. Updated daily.
Market Average
$2,052
/month
▼ 21.3% from last month
Lowest Available
$932
Communities
6
Units Listed
70
Is Rent Going Up or Down in Tempe AZ?
As of April 2026, the average rent in Tempe AZ is $2,052 per month across 6 apartment communities and 70 available units. Rents have decreased $641 (21.3%) over the past month.
The most affordable option is Parq on 5th Apartments starting at $932/mo. By unit type, a studio averages $2,109/mo, a 1-bedroom averages $1,785/mo, a 2-bedroom averages $2,308/mo, a 3-bedroom averages $2,899/mo.
Prices range from $932 to $15,000 per month. The most common price point is the $1,400 range, where 17 units are currently listed.
Tempe AZ Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Tempe AZ
Rent Prices by Apartment in Tempe AZ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Parq on 5th Apartments | $932/mo | $1,205/mo | 5 | 3.6 |
| Lakeside Drive Apartments | $1,000/mo | $2,031/mo | 4 | 4.4 |
| Vela at Tempe Town Lake | $1,233/mo | $1,712/mo | 33 | 4.1 |
| The Local Apartments | $1,500/mo | $2,187/mo | 10 | 4.3 |
| The Piedmont | $1,500/mo | $2,090/mo | 12 | 4.6 |
| West 6th | $1,619/mo | $4,339/mo | 6 | 3 |
Google Search Trends for Tempe AZ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Tempe AZ
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Explore Tempe AZ Apartments
Browse all 6 communities with daily-updated pricing and availability.