Last updated
Average Rent in Tempe, AZ & Rent Trends
Rent prices and market trends across 13 apartment communities in Tempe, AZ. Updated daily.
Market Average
$2,295/mo
▲ +1.7% from last month
Lowest Available
$1,168/mo
cheapest unit on market
Communities
13
tracked daily
Units Listed
71
available now
Rent by Neighborhood in Tempe, AZ
Compare average rent across Tempe, AZ neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Brentwood-Cavalier | $2,131 | $1,552 | 3 | 29 |
| Tempe 85281 | $2,118 | $1,096 | 17 | 170 |
Is Rent Going Up or Down in Tempe, AZ?
As of July 2026, the average rent in Tempe, AZ is $2,295 per month across 13 apartment communities and 71 available units. Rents have increased $36 (1.7%) over the past month.
The most affordable option is Encore On Farmer Apartments starting at $1,168/mo. By unit type, a 2-bedroom averages $2,295/mo.
Prices range from $1,168 to $3,440 per month. The most common price point is the $2,600 range, where 15 units are currently listed.
Tempe, AZ Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Tempe, AZ
Rent Prices by Apartment in Tempe, AZ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Encore On Farmer Apartments | $1,168/mo | $1,168/mo | 1 | 4.2 |
| Parq on 5th Apartments | $1,362/mo | $1,500/mo | 7 | 3.6 |
| VERVE Tempe | $1,489/mo | $1,489/mo | 1 | 5 |
| Residences on Farmer | $1,499/mo | $1,958/mo | 4 | 3.1 |
| San Portella | $1,635/mo | $1,655/mo | 4 | 4 |
| NOVO Broadway Apartments | $1,890/mo | $1,912/mo | 2 | 4.4 |
| Skywater at Tempe Town Lake | $1,975/mo | $2,494/mo | 5 | 3.7 |
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
What is the average rent in Tempe, AZ?
Is rent going up or down in Tempe, AZ?
What is the cheapest apartment in Tempe, AZ?
How many apartments are available in Tempe, AZ?
What salary do I need to live comfortably in Tempe, AZ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$92,000/year
Based on the 30 percent rule, using our tracked average rent of $2,295/mo.
Comfortable income
$110,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,168/mo), you need to earn at least $47,000/year.
Median household income in Tempe, AZ is $77,643 , about 30% below the comfortable-living threshold.
Cost of living in Tempe, AZ
Overall prices in Tempe, AZ runs above the national average by about 5% (BEA Regional Price Parity index 104.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Tempe, AZ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,295 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,251/mo |
Population
186,419
Median household income
$77,643
Census median rent
$1,623/mo
Rent as % of income
30.9%
Median age
29.9
Mean commute
21 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Tempe, AZ Apartments
Browse all 13 communities with daily-updated pricing and availability.