Luxury Apartments for Rent in Tempe, AZ
959 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,575 - $5,956/mo
Studio-3 Beds
1-3 BathsShorehaven | 1306 E Vista Del Lago Dr,
Tempe, AZ 85288
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SPECIAL OFFERPET FRIENDLYTotal price$1,713 - $4,540/moStudio-3 Beds1-3 BathsAura Watermark | 420 N Scottsdale Rd,
Tempe, AZ 85281
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Average Rent Trends in Tempe, AZ
Rent in Tempe, AZ varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Apr 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,995 |
| Nov 2025 | $1,995 |
| Dec 2025 | $2,000 |
| Jan 2026 | $1,953 |
| Feb 2026 | $2,195 |
| Mar 2026 | $2,299 |
| Apr 2026 | $2,300 |
| May 2026 | $2,300 |
| Jun 2026 | $2,250 |
| Jul 2026 | $2,295 |
| Aug 2026 | $2,199 |
| Sep 2026 | $2,100 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,269 | $1,615 | $2,414 | $2,761 | $2,100 |
| Townhomes | $1,275 | $1,995 | $2,300 | $2,599 | $2,195 |
| Apartments and Condos | $1,175 | $1,583 | $2,245 | $2,000 | $1,499 |
| Houses | $800 | $1,850 | $2,500 | $2,839 | $2,750 |
Frequently Asked Questions about Rentals in Tempe, AZ
- What is the average rent of an apartment in Tempe, AZ?The average rent of an apartment in Tempe, AZ is $1,491 per month. This is about 23% lower than the national average.
- When is the average rent cheapest in Tempe, AZ?In the last year, the average rent in Tempe, AZ was lowest in Jan 2025 when it was $1,995 per month.
- When is the average rent most expensive in Tempe, AZ?In the last year, the average rent in Tempe, AZ was highest in Apr 2025 when it was $2,300 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Tempe, AZ?The average rent of a 1 bedroom apartment in Tempe, AZ is $1,269 per month. That is about $85 more than the cost of a studio apartment.
- How many available rental listings are in Tempe, AZ?There are 996 available rental listings in Tempe, AZ.
- What colleges and universities are in Tempe, AZ?Colleges and universities in Tempe, AZ include: Arizona State University.
- What are some neighborhoods in Tempe, AZ?Some neighborhoods in Tempe, AZ include: Escalante, Alegre Community, Sunset, Pepperwood, Meyer Park.
- What are some zip codes in Tempe, AZ?
- What are some cities near Tempe, AZ?Some nearby cities include: Guadalupe, Chandler, Paradise Valley, Gilbert, Mesa. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos de lujo en renta en Tempe, AZ - 2,970 Rentas | Trulia