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 16, 2025, the average rent in Tempe is $1,477, which is 2.6% 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

Guadalupe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Guadalupe is $1,429 while the city average is $1,477. This is a -5% difference from last year. Residents enjoy convenient access to Paseo Del Saber/Apache, College Ave/Apache, and Ninth St/Mill. The neighborhood is considered somewhat walkable with a WalkScore® of 69.

West Tempe

Average Rent

$1,583/Month

Year-Over-Year Rent Change

4.1%

TransitScore® Rating

43/100

Units Available

235 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out West Tempe. The average rent is $1,583, compared to the city average of $1,477. Rent prices have decreased by 4.1%. West Tempe is convenient to Tempe Broadway Center, Fifth St/Ash, and Eleventh St/Mill. The community is 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

South Tempe is an affordable neighborhood in Tempe with an average rent price of $1,592. Compare this to the city average of $1,477. In the past year, rent prices have decreased by 2.4%. South Tempe provides easy access to Phoenix-Mesa Gateway, Rural/Apache, and Mesa C.C., Southern and Dobson. It’s a car-dependent neighborhood 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

If you’re looking for a great, affordable neighborhood in Tempe, Alameda might be the perfect place! It has an average rent price of $1,649, while the city’s average stands at $1,477. In the last year, prices have decreased by 0.4%. Alameda is near Dorsey Ln/Apache Blvd, Mcclintock Dr/Apache Blvd, and Smith-Martin/Apache Blvd.

Apache

Average Rent

$1,654/Month

Year-Over-Year Rent Change

5%

TransitScore® Rating

50/100

Units Available

574 Rentals

Apache is a top choice for budget-conscious renters for a variety of reasons. The average rent in Apache is $1,654 while the city average is $1,477. This is a -5% difference from last year. Residents enjoy convenient access to Fort Knox Plaza, Phoenix-Mesa Gateway, and Desert Arboretum Park. The neighborhood is considered somewhat walkable with a WalkScore® of 60.

The Lakes

Average Rent

$1,698/Month

Year-Over-Year Rent Change

3.5%

TransitScore® Rating

40/100

Units Available

108 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out The Lakes. The average rent is $1,698, compared to the city average of $1,477. Rent prices have decreased by 3.5%. The Lakes is convenient to Alverno College, Mcclintock Dr/Apache Blvd, and Phoenix Sky Harbor International. The community is somewhat walkable with a WalkScore® of 68.

Downtown Tempe

Average Rent

$1,712/Month

Year-Over-Year Rent Change

1.9%

TransitScore® Rating

63/100

Units Available

781 Rentals

Downtown Tempe is an affordable neighborhood in Tempe with an average rent price of $1,712. Compare this to the city average of $1,477. In the past year, rent prices have decreased by 1.9%. Downtown Tempe provides easy access to Ninth St/Mill, Phoenix Zoo, and Mesa C.C., Southern and Dobson. It’s a walkable neighborhood with a WalkScore® of 76.

North Tempe

Average Rent

$1,782/Month

Year-Over-Year Rent Change

1.9%

TransitScore® Rating

38/100

Units Available

298 Rentals

If you’re looking for a great, affordable neighborhood in Tempe, North Tempe might be the perfect place! It has an average rent price of $1,782, while the city’s average stands at $1,477. In the last year, prices have decreased by 1.9%. North Tempe is near Center Pkwy/Washington, Tempe Transportation Center, and Phoenix Sky Harbor International.

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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.