Most Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Guadalupe, South Tempe, and The Lakes. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Tempe is $1,484, which is 1.6% 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
$1,442/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
17/100
Units Available
114 Rentals
Guadalupe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Guadalupe is $1,442 while the city average is $1,484. This is a -6.7% difference from last year. Residents enjoy convenient access to College Ave/Apache, Ninth St/Mill, and ASU Center for Meteorite Studies. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
South Tempe
Average Rent
$1,578/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
38/100
Units Available
159 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out South Tempe. The average rent is $1,578, compared to the city average of $1,484. Rent prices have decreased by 2.3%. South Tempe is convenient to Alverno College, Phoenix-Mesa Gateway, and Pecos Park. The community is car-dependent with a WalkScore® of 48.
The Lakes
Average Rent
$1,612/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
40/100
Units Available
91 Rentals
The Lakes is an affordable neighborhood in Tempe with an average rent price of $1,612. Compare this to the city average of $1,484. In the past year, rent prices have decreased by 4.4%. The Lakes provides easy access to Dorsey Ln/Apache Blvd, The Collective On Baseline, and Desert Arboretum Park. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Alameda
Average Rent
$1,686/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
50/100
Units Available
659 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 $1,686, while the city’s average stands at $1,484. In the last year, prices have decreased by 0.6%. Alameda is near Desert Arboretum Park, Alverno College, and Walgreens Plaza.
West Tempe
Average Rent
$1,689/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
43/100
Units Available
225 Rentals
West Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Tempe is $1,689 while the city average is $1,484. This is a -3.1% difference from last year. Residents enjoy convenient access to Eleventh St/Mill, Phoenix Zoo, and South Mountain Park. The neighborhood is considered car-dependent with a WalkScore® of 48.
Apache
Average Rent
$1,703/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
50/100
Units Available
550 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Apache. The average rent is $1,703, compared to the city average of $1,484. Rent prices have decreased by 1.7%. Apache is convenient to Fort Knox Plaza, Alverno College, and Arizona State Univ., Tempe. The community is somewhat walkable with a WalkScore® of 60.
Downtown Tempe
Average Rent
$1,746/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
63/100
Units Available
626 Rentals
Downtown Tempe is an affordable neighborhood in Tempe with an average rent price of $1,746. Compare this to the city average of $1,484. In the past year, rent prices have decreased by 0.7%. Downtown Tempe provides easy access to Sixth St/Mill, Phoenix-Mesa Gateway, and Arizona State Univ., Tempe. It’s a walkable neighborhood with a WalkScore® of 76.
North Tempe
Average Rent
$1,820/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
38/100
Units Available
265 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 $1,820, while the city’s average stands at $1,484. In the last year, prices have decreased by 0.5%. North Tempe is near Phoenix Zoo, Center Pkwy/Washington, 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.