181 Furnished Apartments for rent in Tempe, AZ

Last updated July 22 at 12:22am UTC
Villas on Apache
1111 E Apache Blvd
Tempe, AZ
Updated June 23 at 4:23pm UTC
2 Bedrooms
$1,478
1106 E WEBER Drive
North Tempe-Indian Bend
Tempe, AZ
Updated July 21 at 10:00pm UTC
3 Bedrooms
$3,200
1301 W 4TH Street
Sunset
Tempe, AZ
Updated July 21 at 10:00pm UTC
3 Bedrooms
$2,900
1301 W 4TH Street
Sunset
Tempe, AZ
Updated July 21 at 10:00pm UTC
2 Bedrooms
$2,500
8858 S TAYLOR Drive
Alta Mira
Tempe, AZ
Updated July 21 at 9:56pm UTC
2 Bedrooms
$1,700
1613 E VAUGHN Street
Tempe
Tempe, AZ
Updated July 21 at 9:56pm UTC
2 Bedrooms
$3,000
2401 E RIO SALADO Parkway
Mesa Grande
Tempe, AZ
Updated July 20 at 10:20pm UTC
2 Bedrooms
$1,650
1109 S MAPLE Avenue
Maple Ash
Tempe, AZ
Updated July 19 at 10:25am UTC
3 Bedrooms
$2,300
1320 W 3RD Street
Sunset
Tempe, AZ
Updated July 18 at 6:49am UTC
2 Bedrooms
$1,200
280 S. Evergreen Road #1372
Mesa Grande
Tempe, AZ
Updated July 17 at 9:26am UTC
2 Bedrooms
$1,450
1106 E WEBER Drive
North Tempe-Indian Bend
Tempe, AZ
Updated July 11 at 2:57am UTC
2 Bedrooms
$2,500
3031 S RURAL Road
Rural-Geneva
Tempe, AZ
Updated July 10 at 10:52pm UTC
1 Bedroom
$1,050
1971 E SUNBURST Lane
Tempe
Tempe, AZ
Updated July 9 at 6:46pm UTC
3 Bedrooms
$3,000
200 E SOUTHERN Avenue
MACH 8
Tempe, AZ
Updated July 3 at 9:31am UTC
2 Bedrooms
$2,300
1254 E LOMA VISTA Drive
Hughes Acres
Tempe, AZ
Updated June 16 at 9:25am UTC
3 Bedrooms
$2,200
414 E TAYLOR Street
North Tempe-College
Tempe, AZ
Updated June 5 at 8:13am UTC
3 Bedrooms
$1,950
7879 S STEPHANIE Lane
Alisanos
Tempe, AZ
Updated February 21 at 9:54am UTC
4 Bedrooms
$9,500

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.