Last updated
Average Rent in Tempe AZ & Rent Trends
Rent prices and market trends across 1 apartment community in Tempe AZ. Updated daily.
Market Average
$1,309/mo
▲ +1.4% from last month
Lowest Available
$1,229/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
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 |
|---|---|---|---|---|
| Tempe 85281 | $2,094 | $899 | 17 | 227 |
| Brentwood-Cavalier | $1,841 | $1,346 | 3 | 41 |
Is Rent Going Up or Down in Tempe AZ?
As of May 2026, the average rent in Tempe AZ is $1,309 per month across 1 apartment community and 4 available units. Rents have increased $19 (1.4%) over the past month.
The most affordable option is VERVE Tempe starting at $1,229/mo. By unit type, a 4-bedroom averages $1,309/mo.
Prices range from $1,229 to $1,354 per month. The most common price point is the $1,200 range, where 4 units are currently listed.
Tempe AZ Rent Price History
Rent by Bedroom Type in Tempe AZ
Rent Prices by Apartment in Tempe AZ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| VERVE Tempe | $1,229/mo | $1,309/mo | 4 | 5 |
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
$52,000/year
30 percent rule -- using our average rent of $1,309/mo.
Comfortable income
$63,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,229/mo), you need to earn at least $49,000/year.
Median household income in Tempe AZ is $77,643 , about 24% above 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) | $1,309 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $5,265/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 1 communities with daily-updated pricing and availability.