
Luxury Apartments for Rent in the Downtown Tempe Neighborhood of Tempe, AZ (161 Rentals)
The most luxurious Apartments in the Downtown Tempe area of Tempe with high-end amenities, features, and finishes.


The Piedmont

Hudson on Farmer

The Hyve

Northbend

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Aura Watermark

Norte Town Lake Apartments

Volta on Broadway

West 6th

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San Portella
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The Aubrey

Onnix Apartments

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Vela at Tempe Town Lake

Skywater at Tempe Town Lake

Modera Rio Salado

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Aura Apache

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SALT

Ten01

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Trovita Rio

Nexa
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Rockford

Solaire on Scottsdale

Roosevelt Luxury Townhomes

The Place On Jentilly

1410 E Verlea Dr

1913 E El Parque Dr

1964 E Don Carlos Ave

2417 S Newberry Rd

901 S Smith Rd, Unit 1069

1324 W 12th St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

139 W Hu Esta Dr

512 W Brown St

1524 E Broadmor Dr

516 W Brown St

1104 E Campus Dr

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688 W 1st St, Unit SI ID1263086P

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500 W Broadway Rd, Unit SI ID1366959P

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2044 S Willow Creek Apartment, Unit SI ID1281116P

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2100 S Priest Dr, Unit SI ID1386544P

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2100 S Priest Dr, Unit SI ID1386550P
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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2100 S Priest Dr, Unit SI ID1386551P

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711 W Broadway Rd, Unit SI ID1366977P

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711 W Broadway Rd, Unit SI ID1366980P

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688 W 1st St, Unit SI ID1263098P

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1950 E Broadway Rd, Unit SI ID1263104P

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711 W Broadway Rd, Unit SI ID1366976P

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701 W Rio Salado Pkwy, Unit SI ID1263093P

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701 W Rio Salado Pkwy, Unit SI ID1263096P

123 E Erie Dr

121 W Balboa Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Downtown Tempe, Tempe, AZ Local Guide

How much does it cost to rent an apartment in Downtown Tempe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Tempe Studio Apartments | $1,426 | $829 | $3,420 |
| Downtown Tempe 1 Bedroom Apartments | $1,560 | $950 | $6,334 |
| Downtown Tempe 2 Bedroom Apartments | $1,847 | $940 | $6,731 |
| Downtown Tempe 3 Bedroom Apartments | $2,383 | $775 | $6,379 |
| Downtown Tempe 4 Bedroom Apartments | $1,368 | $725 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 161 rentals with your search options within a 2 mile radius of the Downtown Tempe Neighborhood of Tempe, AZ.
See all Apartments in TempeExplore Tempe
Downtown Tempe, Tempe, AZ Local Guide
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Tempe, Tempe, AZ
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com compiles millions of data points to bring you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Arizona including Downtown Tempe, Tempe, and the greater Phoenix area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, pet-friendly features, apartment complexes for the kids, proximity to transit, and more. These search options are in the site filters at the top of this page.
Luxury Living Rating
This area of town ranks as one of our favorite upscale submarkets in town, with a score of 4.0 out of 4. Luxury Lifestyle Scoring is based on having high-end community amenities like olympic-sized pools, proximity to great shopping areas, gardens, nearby parks, and nice home amenities like granite or quartz countertops and stainless steel appliances. Other luxury items often include tile or hardwood floors, raquetball courts, and a full-time security staff or doorman.
Frequently Asked Questions about Downtown Tempe
How much are Studio apartments in Downtown Tempe?
There are currently 218 Studio Apartments in Downtown Tempe with rent ranges from $829 to $3,420 with an average price of $1,426.
What is the current price range for One Bedroom Downtown Tempe Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Tempe ranges from $950 to $6,334 with an average monthly rent of $1,560.
What does renting a Two Bedroom Apartment in Downtown Tempe cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Tempe range from $940 to $6,731. Today's average rental price for Two Bedrooms here is $1,847.
How expensive are Downtown Tempe Three Bedroom Apartments?
There are currently 134 Three Bedroom Apartments listings available in Downtown Tempe on ApartmentHomeLiving.com. The pricing ranges from $775 to $6,379 - averaging $2,383 for the location.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).

Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.

A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.

New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.