Rental market snapshot for Tempe, Arizona

Tempe, Arizona Rental Property Market Overview

The average rent for an apartment in Tempe is $2,055. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has increased by 1.8% over the past year.

Tempe is a city in the Salt River Valley of Arizona. The city is home to Arizona State University. The city has a population of 185,038 and is the fifth largest city in Arizona. The city is also home to the Tempe Marketplace, a large outdoor shopping mall.

Last Updated December 23, 2022

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Average monthly rent graph in Tempe Arizona | Cost of Living

  • The most expensive ZIP Code in Tempe is 85282 with an average price of $2,390
  • The cheapest ZIP Code in Tempe is 85281 with an average price of $1,870

Tempe ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
185282$2,390
285284$2,330
385281$2,250
485283$2,225
585282$2,215
685283$2,150
785281$2,108

Live near Tempe, Arizona's Top Sights and Attractions

Tempe Town Lake is a man-made reservoir located in Tempe, Arizona. It is one of the largest urban lakes in the United States. The lake is used for recreation, including boating, fishing, and swimming.

Papago Park is a desert oasis with hiking trails, a golf course, and a zoo. The park is home to the iconic red rocks of the Valley of the Sun, and offers stunning views of the cityscape.

The Western Canal is a man-made waterway that runs through the city of Tempe, Arizona. The canal is used for irrigation, recreation, and to help control flooding.

Museum Of Geology is a museum in Tempe, Arizona that is dedicated to the study of geology. The museum has a wide variety of exhibits that showcase the different aspects of geology, and also has a number of educational programs that are designed to teach people about the science of geology.

The Highline Canal is a man-made waterway that runs for over 40 miles through the desert landscape of Tempe, Arizona. The canal is used for irrigation purposes, but also provides a unique and scenic setting for hiking, biking, and horseback riding.

Hollis Park is a beautiful park located in Tempe, Arizona. The park features a variety of amenities including a playground, picnic tables, a basketball court, and a walking trail. The park is also home to a variety of wildlife, including ducks, geese, and squirrels.

Kiwanis Community Park is a large park with a playground, a basketball court, a volleyball court, a pond, and a walking trail.

Papago Park West Park Trailhead is a popular spot for locals and tourists alike to come and enjoy the outdoors. The trailhead provides access to a variety of different trails, all of which offer stunning views of the surrounding area. The trails are well-maintained and provide a great way to get some exercise while taking in the natural beauty of the area.

Tempe, Arizona area median rent change by ZIP Code map

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How does Tempe compare to other cities in Arizona ?

citymedian price
Bullhead City$1,500
Casa Grande$1,895
Goodyear$2,095
Waddell$2,240
Tucson$1,750
Glendale$1,995
Florence$1,800
Carefree$5,000
New River$2,620
Cave Creek$3,000

Average household income in Tempe area graph - US Census

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The median household income in Tempe in 2021 was $61,290. This represents a 26.1% change from 2011 when the median was $48,618.

#categorypercent
0Less than $10,0009.1%
1$10,000 to $14,9993.3%
2$15,000 to $19,9993.4%
3$20,000 to $24,9994.2%
4$25,000 to $29,9993.2%
5$30,000 to $34,9994.7%
6$35,000 to $39,9993.7%
7$40,000 to $44,9994.9%
8$45,000 to $49,9994.3%
9$50,000 to $59,9997.9%
10$60,000 to $74,99911.3%
11$75,000 to $99,99913.2%
12$100,000 to $124,9999.5%
13$125,000 to $149,9995.8%
14$150,000 to $199,9996.0%
15$200,000 or more5.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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