Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
•8 min read
What to Know About
Life in Tempe & Beyond
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.
Rental Market Trends
Tempe, AZ
As of June 2025, Tempe's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Tempe's average rent is 8.7% ($149) lower than the Arizona average of $1,712 and 12.4% ($221) lower than the U.S. average of $1,784.
Average Rent
$1,563
Monthly ChangeMonth Over Month Change
2.5% ($40)
Yearly ChangeYear Over Year Change
5.7% ($94)
Avg. Days on MarketAverage Days on Market
21
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,391 | 1.1% ($15) | 7.4% ($111) |
| 2 Beds | $1,600 | 2% ($32) | 6.9% ($118) |
| 3 Beds | $2,164 | 3.1% ($69) | 6.8% ($157) |
| Nearby Cities | Average Rent | Avg. Rent vs. TempeAverage Rent vs. Tempe | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Chandler | $1,817 | 16.3% ($254) | 24 days |
| Mesa | $1,434 | 8.3% ($129) | 26 days |
| Paradise Valley | $1,728 | 10.6% ($165) | 24 days |
| Gilbert | $1,933 | 23.7% ($370) | 20 days |
| Phoenix | $1,391 | 11% ($172) | 27 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Tempe Rental Market FAQs
Explore rental prices, market trends, and availability in Tempe, AZ.
The average rent in Tempe, AZ is $1,563 per month.
Homes in Tempe typically rent for between $974 and $2,813 per month, with an average of $1,563 per month.
In Tempe, the average rent for a 1-bedroom home is $1,391 per month, for a 2-bedroom home, $1,600 per month, and a 3-bedroom home is $2,164 per month.
The average rent in Tempe is 12.4% ($221) lower than the national average of $1,784 per month.
The average rent in Tempe has decreased by 2.5% ($40) in the last month and decreased by 5.7% ($94) over the past year.
The rental market in Tempe, AZ, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Tempe, AZ, the average rental stays on the market for approximately 21 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 277 rental properties available in Tempe, AZ.
Based on the current averages, a household would need an annual income of $64,000 to comfortably afford a 2-bedroom home in Tempe.
