How much does it cost to rent at Vela at Tempe Town Lake?

Rent at Vela at Tempe Town Lake in Tempe, AZ ranges from $1,540 to $2,608 per month as of September 30, 2026.

What is the average studio rent at Vela at Tempe Town Lake?

The average studio apartment at Vela at Tempe Town Lake costs $1,565/month, starting from $1,540.

What is the average 1 bed rent at Vela at Tempe Town Lake?

The average 1 bed apartment at Vela at Tempe Town Lake costs $1,844/month, starting from $1,661.

What is the average 2 bed rent at Vela at Tempe Town Lake?

The average 2 bed apartment at Vela at Tempe Town Lake costs $2,341/month, starting from $2,192.

Is Vela at Tempe Town Lake a good apartment complex?

Vela at Tempe Town Lake has a 4.1-star rating on Google based on 245 reviews.

Updated September 30, 2026 at 3:54 p.m. MT

Vela at Tempe Town Lake

555 N College Ave, Tempe, AZ 85288, USA

4.1 (245 reviews) Official Website (520) 523-5872

Live pricing, refreshed September 30, 2026 at 3:54 p.m. MT

Units Listed

$1,540

Starting at

$1,848

Average

$2,608

Highest

$2.51

Per Sq Ft

PRO

Avg Days Listed

How does this compare? View Tempe 85281 rent trends

Beds

Pricing by Bedroom

Studio

$1,565

from $1,540 · 5 units

~543 sqft avg

1 Bed

$1,844

from $1,661 · 15 units

~731 sqft avg

2 Bed

$2,341

from $2,192 · 3 units

~1,087 sqft avg

Specials Available 23 units

Up to 10 Weeks FREE

Rent Distribution

Price by Bedroom

Price Breakdown

Rent by Unit

Price vs. Square Footage

Price History

Timeframe

Property Price Trend

Units with Price Changes (11)

Largest 8 movers of 11

Last 15 days

Estimated Building Revenue

How is this calculated?

Rental revenue model

We follow each unit's listing activity at this building every day. When a unit stops being listed, we assume it leased at its last listed rent, adjusted for any advertised move-in special. Revenue is the sum of those assumed lease rents across the building's occupied units.

Building size: stated by the property itself
Occupancy: building size minus currently listed units
Rents: observed lease-offs first, current asking rents as fallback

These are research estimates, not financial statements from the operator. Confidence: high (building size is reported).

Est. Monthly Revenue

$478K

$5.7M annual run rate

Est. Occupancy

92%

of about 289 units (reported building size)

Effective Rent on New Leases

$1,797

vs $1,848 current asking ($51 negotiation gap)

Recent Lease Activity

102 units tracked; 79 assumed leased, 23 listed now

See which units leased, when they left the market, and the rent they leased at.

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Property Intelligence

How is this calculated?

Negotiation Leverage Score (0-100)

Based on 5 observable signals from the property's listing data:

+30 pts: 15+ units currently listed
+25 pts: Active move-in specials
+20 pts: Deep discounts (>$150/mo off)
+15 pts: 5+ distinct floor plans
+10 pts: 25+ units listed

All signals come directly from the property's own listings. Occupancy and building size appear only in the Estimated Building Revenue section, and only when the building size is stated by the property or our unit-level observation history is deep enough to model it.

Listed Units

Good availability

5 floor plans

Move-in Specials

23 units with active promos

Use competing promos as leverage

Negotiation Leverage

Strong leverage

High availability and active promos suggest this building is eager to fill units.

Price vs. Tempe 85281

Neighborhood

The District on Apache

$849 Rise at the Retreat

$895 Flare Tempe

$899 Vertex Apartments

$999 Parq on 5th Apartments

$1,084 VERVE Tempe

$1,124 Encore On Farmer Apartments

$1,168 Emerson Mill Avenue

$1,279 Metro 101

$1,324 Rio Paradiso

$1,341

Vela at Tempe Town Lake

$1,540

Comparing 11 apartments in Tempe 85281. Click any bar to view that building.

See Tempe 85281 rent trends on the Tempe, AZ map Explore Tempe, AZ on the interactive map

Available Units

Sort

23 units

Studio / 1 Bath E1

$1,540/mo

543 ft² · $2.84/ft² · #1009

Up to 10 Weeks FREE

Down $40 since Sep 25 (was $1,580)

Studio / 1 Bath E1

$1,545/mo

543 ft² · $2.85/ft² · #1020

Up to 10 Weeks FREE

Down $40 since Sep 25 (was $1,585)

Studio / 1 Bath E1

$1,564/mo

543 ft² · $2.88/ft² · #3021

Up to 10 Weeks FREE

Down $40 since Sep 25 (was $1,604)

Studio / 1 Bath E1

$1,574/mo

543 ft² · $2.90/ft² · #4021

Up to 10 Weeks FREE

Down $40 since Sep 25 (was $1,614)

Studio / 1 Bath E1

$1,600/mo

543 ft² · $2.95/ft² · #4017

Up to 10 Weeks FREE

Down $40 since Sep 25 (was $1,640)

1 Bed / 1 Bath A1

$1,661/mo

693 ft² · $2.40/ft² · #1050

Up to 10 Weeks FREE

1 Bed / 1 Bath A1

$1,738/mo

693 ft² · $2.51/ft² · #2003

Up to 10 Weeks FREE

Down $9 since Sep 30 (was $1,747)

1 Bed / 1 Bath A1

$1,761/mo

693 ft² · $2.54/ft² · #4046

Up to 10 Weeks FREE

1 Bed / 1 Bath A1

$1,767/mo

693 ft² · $2.55/ft² · #2010

Up to 10 Weeks FREE

Up $4 since Sep 6 (was $1,763)

1 Bed / 1 Bath A1

$1,811/mo

693 ft² · $2.61/ft² · #4043

Up to 10 Weeks FREE

Unit	Floor Plan	Bed/Bath	Sqft	↑ Price	$/Sqft	Available	Listed	Details
1009	E1	Studio / 1ba	543	$1,540	$2.84	Now	Pro	Up to 10 Weeks FREE Down $40 since Sep 25
1020	E1	Studio / 1ba	543	$1,545	$2.85	Now	Pro	Up to 10 Weeks FREE Down $40 since Sep 25
3021	E1	Studio / 1ba	543	$1,564	$2.88	Nov 15, 2026	Pro	Up to 10 Weeks FREE Down $40 since Sep 25
4021	E1	Studio / 1ba	543	$1,574	$2.90	Nov 23, 2026	Pro	Up to 10 Weeks FREE Down $40 since Sep 25
4017	E1	Studio / 1ba	543	$1,600	$2.95	Oct 29, 2026	Pro	Up to 10 Weeks FREE Down $40 since Sep 25
1050	A1	1bd / 1ba	693	$1,661	$2.40	Nov 17, 2026	Pro	Up to 10 Weeks FREE
2003	A1	1bd / 1ba	693	$1,738	$2.51	Now	Pro	Up to 10 Weeks FREE Down $9 since Sep 30
4046	A1	1bd / 1ba	693	$1,761	$2.54	Dec 5, 2026	Pro	Up to 10 Weeks FREE
2010	A1	1bd / 1ba	693	$1,767	$2.55	Oct 31, 2026	Pro	Up to 10 Weeks FREE Up $4 since Sep 6
4043	A1	1bd / 1ba	693	$1,811	$2.61	Dec 5, 2026	Pro	Up to 10 Weeks FREE
1060	A3	1bd / 1ba	753	$1,822	$2.42	Nov 26, 2026	Pro	Up to 10 Weeks FREE
3005	A3	1bd / 1ba	753	$1,836	$2.44	Now	Pro	Up to 10 Weeks FREE Up $155 since Sep 27
1036	A3	1bd / 1ba	753	$1,871	$2.48	Now	Pro	Up to 10 Weeks FREE Up $158 since Sep 25
4020	A2	1bd / 1ba	719	$1,871	$2.60	Now	Pro	Up to 10 Weeks FREE Up $2 since Sep 3
3047	A3	1bd / 1ba	753	$1,903	$2.53	Nov 3, 2026	Pro	Up to 10 Weeks FREE Up $4 since Sep 6
4037	A3	1bd / 1ba	753	$1,913	$2.54	Nov 10, 2026	Pro	Up to 10 Weeks FREE Up $4 since Sep 6
5008	A3	1bd / 1ba	753	$1,921	$2.55	Dec 4, 2026	Pro	Up to 10 Weeks FREE
2037	A3	1bd / 1ba	753	$1,925	$2.56	Now	Pro	Up to 10 Weeks FREE Up $12 since Sep 26
3029	A3	1bd / 1ba	753	$1,925	$2.56	Now	Pro	Up to 10 Weeks FREE Down $12 since Sep 30
4014	A3	1bd / 1ba	753	$1,928	$2.56	Oct 30, 2026	Pro	Up to 10 Weeks FREE Up $4 since Sep 6
2004	B1	2bd / 2ba	1,087	$2,192	$2.02	Now	Pro	Up to 10 Weeks FREE Up $41 since Sep 11
4068	B1	2bd / 2ba	1,087	$2,222	$2.04	Nov 7, 2026	Pro	Up to 10 Weeks FREE Up $29 since Sep 11
3033	B1	2bd / 2ba	1,087	$2,608	$2.40	Now	Pro	Up to 10 Weeks FREE Down $38 since Sep 11

Fees, Parking & True Monthly Cost

Monthly Fees

$9/mo

Added to base rent automatically

True Monthly Cost

$1,549

Starting price + fees

Garages and parking

Parking, wellness and pet policy details for this building are available to Pro members: garage type and any monthly fee, bike storage, EV charging, amenities such as a sauna or cold plunge, and stated pet rent and weight limits.

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City Club

Resident Notes & Access Codes

Real tips from people who lived at this property: what leasing and daily living are actually like, plus the gate, parking, and entry codes you only learn once you move in. See all Tempe, AZ notes

No resident notes for this property yet.