Most Affordable Neighborhoods in Tempe, AZ

Some of the cheapest neighborhoods in Tempe are Guadalupe, West Tempe, and Alameda. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of April 27, 2025, the average rent in Tempe is $1,464, which is 4.9% 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

$1,387/Month

Year-Over-Year Rent Change

13.7%

TransitScore® Rating

17/100

Units Available

114 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 $1,387, while the city’s average stands at $1,464. In the last year, prices have decreased by 13.7%. Guadalupe is near Rural/Apache, Pecos Park, and South Mountain Comm. Coll..

West Tempe

Average Rent

$1,552/Month

Year-Over-Year Rent Change

3%

TransitScore® Rating

43/100

Units Available

240 Rentals

West Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Tempe is $1,552 while the city average is $1,464. This is a -3% difference from last year. Residents enjoy convenient access to South Mountain Park, University Dr/Ash, and Tempe Broadway Center. The neighborhood is considered car-dependent with a WalkScore® of 48.

Alameda

Average Rent

$1,624/Month

Year-Over-Year Rent Change

5.8%

TransitScore® Rating

50/100

Units Available

622 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out Alameda. The average rent is $1,624, compared to the city average of $1,464. Rent prices have decreased by 5.8%. Alameda is convenient to Phoenix-Mesa Gateway, Phoenix Zoo, and i.d.e.a. Museum. The community is somewhat walkable with a WalkScore® of 68.

South Tempe

Average Rent

$1,634/Month

Year-Over-Year Rent Change

4.2%

TransitScore® Rating

38/100

Units Available

305 Rentals

South Tempe is an affordable neighborhood in Tempe with an average rent price of $1,634. Compare this to the city average of $1,464. In the past year, rent prices have decreased by 4.2%. South Tempe provides easy access to Phoenix-Mesa Gateway, Rural/Apache, and South Mountain Park. It’s a car-dependent neighborhood with a WalkScore® of 48.

Apache

Average Rent

$1,679/Month

Year-Over-Year Rent Change

7.8%

TransitScore® Rating

50/100

Units Available

491 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 $1,679, while the city’s average stands at $1,464. In the last year, prices have decreased by 7.8%. Apache is near Phoenix Sky Harbor International, Price-101 Fwy/Apache Blvd, and Mesa C.C., Southern and Dobson.

Downtown Tempe

Average Rent

$1,724/Month

Year-Over-Year Rent Change

1.8%

TransitScore® Rating

63/100

Units Available

754 Rentals

Downtown Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Tempe is $1,724 while the city average is $1,464. This is a -1.8% difference from last year. Residents enjoy convenient access to Gateway Community College, ASU Center for Meteorite Studies, and Desert Botanical Garden. The neighborhood is considered walkable with a WalkScore® of 76.

The Lakes

Average Rent

$1,746/Month

Year-Over-Year Rent Change

4.2%

TransitScore® Rating

40/100

Units Available

109 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out The Lakes. The average rent is $1,746, compared to the city average of $1,464. Rent prices have decreased by 4.2%. The Lakes is convenient to Rural/Apache, Paseo Del Saber/Apache, and South Mountain Park. The community is somewhat walkable with a WalkScore® of 68.

North Tempe

Average Rent

$1,789/Month

Year-Over-Year Rent Change

3.9%

TransitScore® Rating

38/100

Units Available

320 Rentals

North Tempe is an affordable neighborhood in Tempe with an average rent price of $1,789. Compare this to the city average of $1,464. In the past year, rent prices have decreased by 3.9%. North Tempe provides easy access to Center Pkwy/Washington, Arizona State Univ., Tempe, and Gateway Community College. 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.