101 Condos for rent in Tempe, AZ

Last updated May 22 at 5:00pm UTC
1343 W 3RD Street
Sunset
Tempe, AZ
Updated May 22 at 5:00pm UTC
2 Bedrooms
$900
1419 S Kenneth Place
Jen Tilly Terrace
Tempe, AZ
Updated May 22 at 4:59pm UTC
2 Bedrooms
$1,995
1301 W 4TH Street
Sunset
Tempe, AZ
Updated May 22 at 4:59pm UTC
3 Bedrooms
$2,900
1301 W 4TH Street
Sunset
Tempe, AZ
Updated May 22 at 4:59pm UTC
2 Bedrooms
$2,500
945 S ACORN Avenue
Escalante
Tempe, AZ
Updated May 22 at 8:20am UTC
2 Bedrooms
$1,100
850 S RIVER Drive
Tempe
Tempe, AZ
Updated May 22 at 8:17am UTC
3 Bedrooms
$1,450
5258 S MONACO Drive
Knoell Ville Monaco
Tempe, AZ
Updated May 22 at 8:17am UTC
3 Bedrooms
$1,295
609 E MESQUITE Circle
Tempe
Tempe, AZ
Updated May 22 at 8:17am UTC
3 Bedrooms
$1,350
1905 E UNIVERSITY Drive
Tempe
Tempe, AZ
Updated May 21 at 1:47pm UTC
2 Bedrooms
$1,250
1337 W 3RD Street
Sunset
Tempe, AZ
Updated May 16 at 9:50am UTC
2 Bedrooms
$900
2027 E UNIVERSITY Drive
Tempe
Tempe, AZ
Updated May 15 at 8:22pm UTC
2 Bedrooms
$1,400
633 W SOUTHERN Avenue
Kyrene-Superstition
Tempe, AZ
Updated May 13 at 2:10pm UTC
2 Bedrooms
$1,295
7805 S HEATHER Drive
Villas las Palmas
Tempe, AZ
Updated May 11 at 6:13pm UTC
3 Bedrooms
$2,500
2090 S DORSEY Lane
Hughes Acres
Tempe, AZ
Updated May 8 at 4:07am UTC
3 Bedrooms
$2,395
2090 S DORSEY Lane
Hughes Acres
Tempe, AZ
Updated May 8 at 1:12am UTC
4 Bedrooms
$3,000
600 W Grove 1021
Tempe
Tempe, AZ
Updated May 6 at 10:40am UTC
1 Bedroom
$990
421 W 6TH Street
Riverside
Tempe, AZ
Updated April 15 at 3:24am UTC
3 Bedrooms
$3,200
1331 S MITCHELL Drive
Marilyn Ann
Tempe, AZ
Updated March 27 at 5:46am UTC
2 Bedrooms
$1,250
2145 E CENTER Lane
Tempe
Tempe, AZ
Updated May 22 at 12:40pm UTC
3 Bedrooms
$1,595
2149 E 10TH Street
Tempe
Tempe, AZ
Updated May 22 at 12:40pm UTC
3 Bedrooms
$1,650
1024 E CURRY Road
East Rio
Tempe, AZ
Updated April 19 at 7:50am UTC
4 Bedrooms
$4,600
1028 E CURRY Road
East Rio
Tempe, AZ
Updated April 19 at 7:49am UTC
4 Bedrooms
$4,600
154 W 5TH Street
Downtown Tempe
Tempe, AZ
Updated April 18 at 12:00am UTC
1 Bedroom
$2,700
8914 S HEATHER Drive
Alta Mira
Tempe, AZ
Updated March 25 at 5:17pm UTC
3 Bedrooms
$3,900
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May 2018 Tempe Rent Report

Welcome to the May 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
Tempe

May 2018 Tempe Rent Report

Welcome to the May 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 rents held steady over the past month

Tempe rents have remained flat over the past month, however, they are up moderately by 3.1% year-over-year. Currently, median rents in Tempe stand at $910 for a one-bedroom apartment and $1,140 for a two-bedroom. Tempe's year-over-year rent growth leads the state average of 2.5%, as well as the national average of 1.5%.

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 the most expensive rents in the Phoenix metro, with a two-bedroom median of $1,410; the city has also seen rent growth of 1.1% over the past month, the fastest in the metro.
  • Over the past month, Surprise is the only city in the metro that has seen rents fall, with a decline of 0.1%. Median two-bedrooms there cost $1,350, while one-bedrooms go for $1,080.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,030; rents were up 2.3% 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 2.5% over the past year. For example, rents have grown by 2.0% in Tucson.
  • Tempe's median two-bedroom rent of $1,140 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 3.1% rise in Tempe.
  • While Tempe's rents rose moderately over the past year, many cities nationwide also saw increases, including Las Vegas (+4.6%), Los Angeles (+2.1%), and Albuquerque (+1.8%).
  • Renters will find more reasonable prices in Tempe than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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 $830 $1,030 0.3% 2.3%
Mesa $850 $1,060 0.4% 3.7%
Chandler $1,060 $1,320 0.6% 4.2%
Glendale $890 $1,110 0.4% 2.7%
Scottsdale $1,030 $1,280 0.0% 2.5%
Gilbert $1,130 $1,410 1.1% 3.9%
Tempe $910 $1,140 0.4% 3.1%
Peoria $1,100 $1,370 0.5% 4.6%
Surprise $1,080 $1,350 -0.1% 0.6%
Avondale $980 $1,220 0.5% 1.7%
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.

Methodology:

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.