Tempe shares many of the great qualities that make Arizona a desirable place to live.
Arizona is where the beauty of nature and the richness of culture collide. From the majestic red rocks of Sedona to the vibrant streets of Phoenix, Arizona is a state like no other. Explore its diverse cultural offerings by visiting historical landmarks such as the Heard Museum and the Pueblo Grande Museum & Archaeological Park. And for those seeking higher education, this is the place for renowned universities like Arizona State University and the University of Arizona, one of the largest research universities in the United States. In addition, Arizona's economy is ever-growing thanks to the industries of technology, tourism, and agriculture.
Adventure seekers and sports enthusiasts will find no shortage of activities in Arizona. Explore the Grand Canyon, go for a hike in the many scenic state parks, cheer on the Arizona Cardinal (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and Phoenix Suns (NBA), or watch exciting college sports games at the state's universities. In addition, appreciate famous attractions like the Saguaro National Park, the Petrified Forest National Park, and the historic city of Tombstone.
A desert oasis of adventure and discovery, Arizona is a great place to call home for those seeking an exciting and relaxing lifestyle.
As of October 2026, Tempe's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Tempe's average rent is 6.1% ($102) lower than the Arizona average of $1,659 and 14.4% ($262) lower than the U.S. average of $1,819.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,354 | 0.5% ($7) | 0.5% ($7) |
| 2 Beds | $1,558 | 1.6% ($25) | 3% ($48) |
| 3 Beds | $2,229 | 1.7% ($39) | 0.7% ($15) |
| Nearby Cities | Average Rent | Avg. Rent vs. TempeAverage Rent vs. Tempe | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Chandler | $1,830 | 17.5% ($273) | 28 days |
| Mesa | $1,419 | 8.9% ($138) | 33 days |
| Paradise Valley | $1,690 | 8.5% ($133) | 36 days |
| Gilbert | $1,883 | 20.9% ($326) | 28 days |
| Phoenix | $1,412 | 9.3% ($145) | 33 days |
Explore rental prices, market conditions, and affordability in Tempe, AZ.
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