Apartments for Rent in Tempe, AZ

As home to Arizona State University, Tempe combines college-town energy with metropolitan amenities. Located between Phoenix and the East Valley communities, this city of over 180,000 residents sits along the Salt River, where the stunning Tempe Town Lake provides a scenic backdrop for waterfront apartments and townhomes. Tempe's historic Mill Avenue district features boutique shopping, local dining, and entertainment options within walking distance of many rental communities.

Rental options in Tempe range from luxury lakeside apartments to charming single-family homes in established neighborhoods. One-bedroom apartments average around $1,468 per month, while three-bedroom rentals typically command about $2,339. Neighborhoods like Maple-Ash offer historic homes with character, while developments near Tempe Town Lake provide modern living with water views. The Kiwanis Park area appeals to those seeking a quieter setting with access to recreation, including tennis courts, a recreation center, and a lake.

Tempe's central location makes commuting convenient, with easy access to major employers throughout the Phoenix metro area. The Valley Metro Rail runs through Tempe, connecting to downtown Phoenix and Mesa, while multiple freeways including I-10, Loop 202, and US 60 border the city. Major employers include Arizona State University, State Farm Insurance, and Freedom Financial Network. Beyond work, residents enjoy outdoor activities at Papago Park, performances at Tempe Center for the Arts, and shopping at Arizona Mills and Tempe Marketplace, all contributing to Tempe's appeal as a rental destination.