106 Condos for rent in Tempe, AZ

Last updated July 20 at 10:42am UTC
510 W UNIVERSITY Drive
Riverside
Tempe, AZ
Updated July 20 at 2:24am UTC
3 Bedrooms
$1,500
1024 E CURRY Road
East Rio
Tempe, AZ
Updated July 19 at 10:21am UTC
4 Bedrooms
$4,000
604 E WEBER Drive
Tempe
Tempe, AZ
Updated July 19 at 2:34am UTC
2 Bedrooms
$1,198
4807 S BUTTE Avenue
Tempe
Tempe, AZ
Updated July 18 at 9:49am UTC
3 Bedrooms
$1,595
2145 E CENTER Lane
Tempe
Tempe, AZ
Updated July 16 at 2:31pm UTC
3 Bedrooms
$1,595
542 W 6TH Street
Riverside
Tempe, AZ
Updated July 13 at 10:27am UTC
1 Bedroom
$1,295
280 S EVERGREEN Road
Mesa Grande
Tempe, AZ
Updated July 13 at 6:39am UTC
2 Bedrooms
$1,500
3031 S RURAL Road
Rural-Geneva
Tempe, AZ
Updated July 10 at 10:52pm UTC
1 Bedroom
$1,050
154 W 5TH Street
Downtown Tempe
Tempe, AZ
Updated July 20 at 10:42am UTC
3 Bedrooms
$2,250
2090 S DORSEY Lane
Hughes Acres
Tempe, AZ
Updated July 20 at 10:42am UTC
3 Bedrooms
$2,350
2974 S COUNTRY CLUB Way
McClintock
Tempe, AZ
Updated July 20 at 10:42am UTC
1 Bedroom
$925
2402 E 5TH Street
Mesa Grande
Tempe, AZ
Updated July 20 at 10:41am UTC
2 Bedrooms
$20,000
2401 E RIO SALADO Parkway
Mesa Grande
Tempe, AZ
Updated July 20 at 10:41am UTC
2 Bedrooms
$1,650
154 W 5TH Street
Downtown Tempe
Tempe, AZ
Updated July 20 at 10:41am UTC
1 Bedroom
$2,700
1301 W 4TH Street
Sunset
Tempe, AZ
Updated July 20 at 10:40am UTC
3 Bedrooms
$2,900
1301 W 4TH Street
Sunset
Tempe, AZ
Updated July 20 at 10:40am UTC
2 Bedrooms
$2,500
1106 E WEBER Drive
North Tempe-Indian Bend
Tempe, AZ
Updated July 20 at 10:38am UTC
3 Bedrooms
$2,500
536 W MALIBU Drive
Kyrene-Superstition
Tempe, AZ
Updated July 20 at 10:37am UTC
3 Bedrooms
$1,750
609 E MESQUITE Circle
Tempe
Tempe, AZ
Updated July 20 at 10:37am UTC
3 Bedrooms
$1,500
1930 E HAYDEN Lane
Alegre
Tempe, AZ
Updated July 15 at 6:33am UTC
2 Bedrooms
$1,495
330 S FARMER Avenue
Riverside
Tempe, AZ
Updated July 13 at 10:38pm UTC
3 Bedrooms
$2,275
8914 S HEATHER Drive
Alta Mira
Tempe, AZ
Updated July 12 at 6:46am UTC
3 Bedrooms
$3,900
2402 E 5TH Street
Mesa Grande
Tempe, AZ
Updated July 11 at 2:53am UTC
3 Bedrooms
$1,800
2149 E 10TH Street
Tempe
Tempe, AZ
Updated July 9 at 6:49pm UTC
3 Bedrooms
$1,595

July 2018 Tempe Rent Report

Welcome to the July 2018 Tempe Rent Report. Tempe rents increased 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

July 2018 Tempe Rent Report

Welcome to the July 2018 Tempe Rent Report. Tempe rents increased 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 increased significantly over the past month

Tempe rents have increased 0.5% over the past month, and have increased moderately by 2.4% in comparison to the same time last year. Currently, median rents in Tempe stand at $920 for a one-bedroom apartment and $1,150 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in November of last year. Tempe's year-over-year rent growth is on par with the state average of 2.4%, but exceeds the national average of 1.4%.

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 $1,450; the city has also seen rent growth of 7.0% over the past year, 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 0.8%. Median two-bedrooms there cost $1,330, while one-bedrooms go for $1,070.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,040; rents grew 0.3% over the past month and 2.3% over the past year.

Tempe rents more affordable than many large cities nationwide

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

  • Rents increased slightly in other cities across the state, with Arizona as a whole logging rent growth of 2.4% over the past year. For example, rents have grown by 1.7% in Tucson.
  • Tempe's median two-bedroom rent of $1,150 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 2.4% increase in Tempe.
  • While Tempe's rents rose moderately over the past year, the city of Seattle saw a decrease of 2.0%.
  • Renters will find more reasonable prices in Tempe than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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 $840 $1,040 0.3% 2.3%
Mesa $860 $1,070 0.3% 2.2%
Chandler $1,080 $1,350 0.8% 6.1%
Glendale $890 $1,120 0.2% 2.6%
Scottsdale $1,030 $1,290 0.2% 2.1%
Gilbert $1,160 $1,450 1.4% 7.0%
Tempe $920 $1,150 0.5% 2.4%
Peoria $1,110 $1,390 0.5% 3.4%
Surprise $1,070 $1,330 -0.8% 0.2%
Avondale $990 $1,230 0.5% 2.2%
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.