Downtown Tempe renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.
Rental Price Key
On average, the cost of rent in Downtown Tempe is about $1,650 per month. This puts it in the 86th percentile compared to the city average cost of rent, which is $1,482. Households in Downtown Tempe have a median income of $5,598 per month so the average renter in Downtown Tempe is spending roughly 29% of their earnings on housing.
Nationally, and in Downtown Tempe, home values are the data point most closely correlated with the cost of rent. The median price of a home in Downtown Tempe is $497,492 right now, which is higher than neighborhoods nearby, meaning that rents in Downtown Tempe also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of Downtown Tempe while lower rent rates are often available in southeastern areas.
Nearby Neighborhoods
- University Park, Tempe, AZ: less expensive rent prices
- Riverside, Tempe, AZ: less expensive rent prices
- Sunset, Tempe, AZ: less expensive rent prices
- Meyer Park, Tempe, AZ: less expensive rent prices
- Ntna-College, Tempe, AZ: less expensive rent prices
- Escalante, Tempe, AZ: less expensive rent prices
- Baseline-Hardy, Tempe, AZ: less expensive rent prices
- Pepperwood, Tempe, AZ: less expensive rent prices
- Wood Park, Tempe, AZ: less expensive rent prices
- Tempe Royal Estates, Tempe, AZ: less expensive rent prices
Neighborhoods with Similar Populations
- Downtown Ontario, Ontario, CA: less expensive rent prices
- Belmont, Lincoln, NE: less expensive rent prices
- Culebra Park, San Antonio, TX: less expensive rent prices
- Friendly, Eugene, OR: less expensive rent prices
- Beechmont, Louisville, KY: less expensive rent prices
- Lomas Verdes, Bayamon, PR: less expensive rent prices
- Lyon Street, Santa Ana, CA: less expensive rent prices
- Old Town, Alexandria, VA: more expensive rent prices
- Capitol Hill, Salt Lake City, UT: less expensive rent prices
- South Area, Wichita, KS: less expensive rent prices
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