Most Affordable Neighborhoods in Tempe, AZ

Some of the cheapest neighborhoods in Tempe are Guadalupe, West Tempe, and South Tempe. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of March 15, 2025, the average rent in Tempe is $1,476, which is 2.7% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.

Guadalupe

Average Rent

$1,429/Month

Year-Over-Year Rent Change

5%

TransitScore® Rating

17/100

Units Available

108 Rentals

If you’re looking for a great, affordable neighborhood in Tempe, Guadalupe might be the perfect place! It has an average rent price of $1,429, while the city’s average stands at $1,476. In the last year, prices have decreased by 5%. Guadalupe is near South Mountain Comm. Coll., Arizona State Univ., Tempe, and Papago Park.

West Tempe

Average Rent

$1,583/Month

Year-Over-Year Rent Change

3.7%

TransitScore® Rating

43/100

Units Available

235 Rentals

West Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Tempe is $1,583 while the city average is $1,476. This is a -3.7% difference from last year. Residents enjoy convenient access to Ninth St/Mill, South Mountain Park, and South Mountain Comm. Coll.. The neighborhood is considered car-dependent with a WalkScore® of 48.

South Tempe

Average Rent

$1,592/Month

Year-Over-Year Rent Change

2.4%

TransitScore® Rating

38/100

Units Available

210 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out South Tempe. The average rent is $1,592, compared to the city average of $1,476. Rent prices have decreased by 2.4%. South Tempe is convenient to Papago Park, Dorsey Ln/Apache Blvd, and Desert Arboretum Park. The community is car-dependent with a WalkScore® of 48.

Alameda

Average Rent

$1,649/Month

Year-Over-Year Rent Change

0.4%

TransitScore® Rating

50/100

Units Available

710 Rentals

Alameda is an affordable neighborhood in Tempe with an average rent price of $1,649. Compare this to the city average of $1,476. In the past year, rent prices have decreased by 0.4%. Alameda provides easy access to Smith-Martin/Apache Blvd, Southern Palms, and ASU Center for Meteorite Studies. It’s a somewhat walkable neighborhood with a WalkScore® of 68.

Apache

Average Rent

$1,654/Month

Year-Over-Year Rent Change

4.8%

TransitScore® Rating

50/100

Units Available

574 Rentals

If you’re looking for a great, affordable neighborhood in Tempe, Apache might be the perfect place! It has an average rent price of $1,654, while the city’s average stands at $1,476. In the last year, prices have decreased by 4.8%. Apache is near ASU Center for Meteorite Studies, Sycamore/Main Street, and Mesa C.C., Southern and Dobson.

The Lakes

Average Rent

$1,698/Month

Year-Over-Year Rent Change

3.5%

TransitScore® Rating

40/100

Units Available

108 Rentals

The Lakes is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Lakes is $1,698 while the city average is $1,476. This is a -3.5% difference from last year. Residents enjoy convenient access to i.d.e.a. Museum, Smith-Martin/Apache Blvd, and Mesa C.C., Southern and Dobson. The neighborhood is considered somewhat walkable with a WalkScore® of 68.

Downtown Tempe

Average Rent

$1,712/Month

Year-Over-Year Rent Change

2%

TransitScore® Rating

63/100

Units Available

781 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out Downtown Tempe. The average rent is $1,712, compared to the city average of $1,476. Rent prices have decreased by 2%. Downtown Tempe is convenient to Eleventh St/Mill, Mesa C.C., Southern and Dobson, and Phoenix Zoo. The community is walkable with a WalkScore® of 76.

North Tempe

Average Rent

$1,782/Month

Year-Over-Year Rent Change

1.8%

TransitScore® Rating

38/100

Units Available

298 Rentals

North Tempe is an affordable neighborhood in Tempe with an average rent price of $1,782. Compare this to the city average of $1,476. In the past year, rent prices have decreased by 1.8%. North Tempe provides easy access to Marina Heights/Rio Salado, Tempe Beach Park/Rio Salado, and ASU Center for Meteorite Studies. It’s a car-dependent neighborhood with a WalkScore® of 48.

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Methodology

Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.

We've combined this data with public records to provide the most current rental information available.