32 Apartments under 700 for rent in Tempe, AZ

Last updated March 24 at 1:38pm UTC
Results within 1 miles of Tempe, AZ
Results within 5 miles of Tempe, AZ
4525 N 74th St Unit 6
Downtown Scottsdale
Scottsdale, AZ
Updated March 24 at 4:13am UTC
1 Bedroom
1819 N 40TH Street
Phoenix, AZ
Updated March 20 at 1:24am UTC
2 Bedrooms
1002 N 25TH Place
Phoenix, AZ
Updated March 2 at 10:54am UTC
1 Bedroom
2020 N 32nd St
Phoenix, AZ
Updated January 3 at 1:50am UTC
1 Bedroom
Results within 10 miles of Tempe, AZ
338 W Highland Ave
Pierson Place
Phoenix, AZ
Updated March 24 at 10:56am UTC
1 Bedroom
2536 N 53rd St
Phoenix, AZ
Updated March 24 at 9:38am UTC
1 Bedroom
Apartment List detective logo

Keep Looking!

Try removing some filters or broadening your
search area to see more results.

Apartment List sad heart

Something went wrong.

Please try your search again or reload the page.

March 2018 Tempe Rent Report

Welcome to the March 2018 Tempe Rent Report. Tempe rents remained steady over the past month. In this report, we'll evaluate trends in the Tempe rental market, including comparisons to cities throughout the metro, state, and nation.

View full Tempe Rent Report
Rent Report

March 2018 Tempe Rent Report

Welcome to the March 2018 Tempe Rent Report. Tempe rents remained steady over the past month. In this report, we'll evaluate trends in the Tempe rental market, including comparisons to cities throughout the metro, state, and nation.

Tempe rent trends were flat over the past month

Tempe rents have remained flat over the past month, however, they have increased moderately by 3.6% year-over-year. Currently, median rents in Tempe stand at $910 for a one-bedroom apartment and $1,130 for a two-bedroom. Tempe's year-over-year rent growth leads the state average of 3.4%, as well as the national average of 2.3%.

Rents rising across the Phoenix Metro

Throughout the past year, rent increases have been occurring not just in the city of Tempe, but across the entire metro. Of the largest 10 cities that we have data for in the Phoenix metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Gilbert has seen rents fall by 1.3% over the past month, the biggest drop in the metro. It's also the most expensive city in the Phoenix metro with a two-bedroom median of $1,400.
  • Mesa has seen the fastest rent growth in the metro, with a year-over-year increase of 5.6%. The median two-bedroom there costs $1,050, while one-bedrooms go for $840.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,030; rents rose 3.3% over the past year but remained flat month-over-month.

Tempe rents more affordable than many large cities nationwide

As rents have increased moderately in Tempe, a few large cities nationwide have also seen rents grow modestly. Tempe is still more affordable than most large cities across the country.

  • Rents increased moderately in other cities across the state, with Arizona as a whole logging rent growth of 3.4% over the past year. For example, rents have grown by 3.3% in Tucson.
  • Tempe's median two-bedroom rent of $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 3.6% increase in Tempe.
  • While Tempe's rents rose moderately over the past year, many cities nationwide also saw increases, including Las Vegas (+5.0%), Los Angeles (+3.8%), and Albuquerque (+2.8%).
  • Renters will find more reasonable prices in Tempe than most large cities. For example, San Francisco has a median 2BR rent of $3,040, which is more than two-and-a-half times the price in Tempe.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Phoenix $820 $1,030 0.3% 3.3%
Mesa $840 $1,050 0.3% 5.6%
Chandler $1,050 $1,310 -0.7% 4.3%
Glendale $880 $1,100 0.7% 4.0%
Scottsdale $1,020 $1,280 0.6% 2.4%
Gilbert $1,120 $1,400 -1.3% 5.1%
Tempe $910 $1,130 0.0% 3.6%
Peoria $1,100 $1,370 0.5% 5.3%
Surprise $1,070 $1,340 0.6% 0.9%
Avondale $970 $1,210 -0.1% 1.9%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.


Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.