Apartments for Rent in Tempe, AZ

329 rentals available

505 West

$1,165

505 West Baseline Road, Tempe, AZ 85283

(947) 225-4346

32 units available

1 bed • 2 bed • 3 bed

Verified

The average rent for a 1 bedroom apartment in Tempe is $1,530+, while the average rent for a 2 bedroom apartment is $1,774+. Rent rates updated 7 days ago

Studio: $1,459+
Prices trending down
1 Bed: $1,530+
Prices trending down
2 Beds: $1,774+
Prices trending down
3+ Beds: $2,334+
Prices trending down

* Averages are based on the rental prices of properties listed on Apartment List that don’t include fees

Top neighborhoods

Top neighborhoods in Tempe, AZ

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Tempe Rent Report: March 2026

Welcome to the Apartment List March 2026 Rent Report for Tempe, AZ. Currently, the overall median rent in the city stands at $1,292, roughly the same as last month. Prices are now down 3.8% year-over-year. Read on to learn more about what’s been happening in the Tempe rental market and how it compares to trends throughout the broader Phoenix metro area and the nation as a whole.

Tempe Renter Confidence Survey

National study of renter’s satisfaction with their cities and states

Here’s how Tempe ranks on:

Overview of Findings

Apartment List has released Tempe’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters, provides insight on what states and cities must do to meet the needs of 111 million American renters nationwide.

"Tempe renters expressed general satisfaction with the city overall," according to Apartment List. "They gave most categories above average scores."

Riverside

What's it like to live in Riverside?

Salt River recreational access defines Riverside, where Tempe's northern neighborhood borders expansive parks creating outdoor lifestyle possibilities unusual for urban settings. The district features both modest homes and garden apartments with generous layouts reflecting Arizona's traditional indoor-outdoor living orientation. Riverside offers Tempe renters strategic positioning between both downtown Tempe employment and developing Scottsdale Road entertainment districts creating ideal convenience for active households prioritizing both professional requirements and lifestyle preferences increasingly important as flexible work arrangements continue affecting housing decisions beyond purely commuting calculations reflecting growing prioritization of recreational access beyond purely practical considerations driving conventional housing decisions.