Most Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Guadalupe, South Tempe, and Alameda. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Tempe is $1,463, which is 1.9% 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
$1,336/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
17/100
Units Available
75 Rentals
Guadalupe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Guadalupe is $1,336 while the city average is $1,463. This is a -7% difference from last year. Residents enjoy convenient access to Arizona State Univ., Tempe, Ninth St/Mill, and Arizona State University. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
South Tempe
Average Rent
$1,575/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
38/100
Units Available
113 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out South Tempe. The average rent is $1,575, compared to the city average of $1,463. Rent prices have decreased by 0.3%. South Tempe is convenient to Crossroads of Tempe, South Mountain Park, and Arizona State University. The community is car-dependent with a WalkScore® of 48.
Alameda
Average Rent
$1,670/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
50/100
Units Available
654 Rentals
Alameda is an affordable neighborhood in Tempe with an average rent price of $1,670. Compare this to the city average of $1,463. In the past year, rent prices have increased by 1.1%. Alameda provides easy access to Phoenix Zoo, Walgreens Plaza, and Desert Arboretum Park. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Apache
Average Rent
$1,721/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
50/100
Units Available
547 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 $1,721, while the city’s average stands at $1,463. In the last year, prices have decreased by 3.7%. Apache is near Phoenix-Mesa Gateway, Retail Village at The Culdesac, and Price-101 Fwy/Apache Blvd.
The Lakes
Average Rent
$1,738/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
40/100
Units Available
73 Rentals
The Lakes is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Lakes is $1,738 while the city average is $1,463. This is a 0.8% difference from last year. Residents enjoy convenient access to Papago Park, Phoenix Sky Harbor International, and Smith-Martin/Apache Blvd. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
Downtown Tempe
Average Rent
$1,749/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
63/100
Units Available
642 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Downtown Tempe. The average rent is $1,749, compared to the city average of $1,463. Rent prices have decreased by 1%. Downtown Tempe is convenient to Desert Botanical Garden, Phoenix-Mesa Gateway, and Papago Park. The community is walkable with a WalkScore® of 76.
North Tempe
Average Rent
$1,853/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
38/100
Units Available
241 Rentals
North Tempe is an affordable neighborhood in Tempe with an average rent price of $1,853. Compare this to the city average of $1,463. In the past year, rent prices have decreased by 2.3%. North Tempe provides easy access to Tempe Beach Park/Rio Salado, Rio Salado Courtyard, and Arizona State Univ., Tempe. It’s a car-dependent neighborhood with a WalkScore® of 48.
West Tempe
Average Rent
$1,882/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
43/100
Units Available
199 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, West Tempe might be the perfect place! It has an average rent price of $1,882, while the city’s average stands at $1,463. In the last year, prices have decreased by 3.1%. West Tempe is near Fifth St/Ash, Tempe Broadway Center, and Gateway Community College.
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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.