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 2, 2025, the average rent in Tempe is $1,472, 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

$1,368/Month

Year-Over-Year Rent Change

8.9%

TransitScore® Rating

17/100

Units Available

111 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out Guadalupe. The average rent is $1,368, compared to the city average of $1,472. Rent prices have decreased by 8.9%. Guadalupe is convenient to South Mountain Comm. Coll., Arizona State Univ., Tempe, and Arizona Mills. The community is somewhat walkable with a WalkScore® of 69.

West Tempe

Average Rent

$1,579/Month

Year-Over-Year Rent Change

5.2%

TransitScore® Rating

43/100

Units Available

229 Rentals

West Tempe is an affordable neighborhood in Tempe with an average rent price of $1,579. Compare this to the city average of $1,472. In the past year, rent prices have decreased by 5.2%. West Tempe provides easy access to ASU Center for Meteorite Studies, Fifth St/Ash, and Phoenix-Mesa Gateway. It’s a car-dependent neighborhood with a WalkScore® of 48.

Alameda

Average Rent

$1,650/Month

Year-Over-Year Rent Change

2.4%

TransitScore® Rating

50/100

Units Available

697 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 $1,650, while the city’s average stands at $1,472. In the last year, prices have decreased by 2.4%. Alameda is near Walgreens Plaza, Phoenix-Mesa Gateway, and Mcclintock Dr/Apache Blvd.

South Tempe

Average Rent

$1,650/Month

Year-Over-Year Rent Change

3%

TransitScore® Rating

38/100

Units Available

306 Rentals

South Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Tempe is $1,650 while the city average is $1,472. This is a -3% difference from last year. Residents enjoy convenient access to Arizona State University, Papago Park, and Arizona State Univ., Tempe. The neighborhood is considered car-dependent with a WalkScore® of 48.

Apache

Average Rent

$1,661/Month

Year-Over-Year Rent Change

4%

TransitScore® Rating

50/100

Units Available

538 Rentals

When you’re looking for a great Tempe neighborhood on a budget, check out Apache. The average rent is $1,661, compared to the city average of $1,472. Rent prices have decreased by 4%. Apache is convenient to Price-101 Fwy/Apache Blvd, Sycamore/Main Street, and Phoenix-Mesa Gateway. The community is somewhat walkable with a WalkScore® of 60.

Downtown Tempe

Average Rent

$1,727/Month

Year-Over-Year Rent Change

1.7%

TransitScore® Rating

63/100

Units Available

791 Rentals

Downtown Tempe is an affordable neighborhood in Tempe with an average rent price of $1,727. Compare this to the city average of $1,472. In the past year, rent prices have decreased by 1.7%. Downtown Tempe provides easy access to Phoenix-Mesa Gateway, Phoenix Zoo, and Tempe/mill Avenue. It’s a walkable neighborhood with a WalkScore® of 76.

The Lakes

Average Rent

$1,772/Month

Year-Over-Year Rent Change

3.2%

TransitScore® Rating

40/100

Units Available

102 Rentals

If you’re looking for a great, affordable neighborhood in Tempe, The Lakes might be the perfect place! It has an average rent price of $1,772, while the city’s average stands at $1,472. In the last year, prices have decreased by 3.2%. The Lakes is near Dorsey Ln/Apache Blvd, Smith-Martin/Apache Blvd, and Rural/Apache.

North Tempe

Average Rent

$1,820/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

38/100

Units Available

293 Rentals

North Tempe is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Tempe is $1,820 while the city average is $1,472. This is a -1.1% difference from last year. Residents enjoy convenient access to Tempe Transportation Center, ASU Center for Meteorite Studies, and Mesa C.C., Southern and Dobson. The neighborhood is considered car-dependent with a WalkScore® of 48.

Ready to make your move to Tempe? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!

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.