1207 E Loyola Dr
TempeAZ85282
Cheap Homes for Rent in the Downtown Tempe Neighborhood of Tempe, AZ from $700 (54 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Tempe area of Tempe.
1983 E Don Carlos Ave, Unit Cozy
1983 E Don Carlos Ave
TempeAZ85281
1939 E Concorda Dr
TempeAZ85282
1630 E 12th St
TempeAZ85281
1630 E 12th St
TempeAZ85281
907 E Broadmor Dr, Unit Room #1 Twin
907 E Broadmor Dr
TempeAZ85282
705 W 16th St
TempeAZ85281
1214 S Roosevelt St, Unit B
1214 S Roosevelt St
TempeAZ85281
1318 S Mitchell Dr
TempeAZ85281
1368 W 14th St, Unit Room 3 Full Private Bath
1368 W 14th St
TempeAZ85281
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
700 W University Dr, Unit 125
700 W University Dr
TempeAZ85281
1333 W 5th St
TempeAZ85281
524 W Howe St
TempeAZ85281
1238-1238 W 4th St
TempeAZ85281
729 W University Dr
TempeAZ85281
729 W University Dr
TempeAZ85281
922 S Acapulco Ln
TempeAZ85281
1973 E 10th St
TempeAZ85281
1201 S McClintock Dr
TempeAZ85281
1978 E Don Carlos
TempeAZ85281
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
616 S Hardy Dr
TempeAZ85281
1200 S Farmer Ave
TempeAZ85281
1007 N Scovel St
TempeAZ85288
407 W Howe St
TempeAZ85281
123 E Broadway Rd
TempeAZ85282
330 S Beck Ave
TempeAZ85281
330 S Beck Ave, Unit 224
330 S Beck Ave
TempeAZ85281
407 W Howe St
TempeAZ85281
1200 S Farmer Ave
TempeAZ85281
2020 S Granada Dr
TempeAZ85282
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
1201 S McClintock Dr
TempeAZ85281
1201 S McClintock Dr
TempeAZ85281
1065 W 1st St
TempeAZ85281
700 W University Dr
TempeAZ85281
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$1,2992 Bedroom Apartments Available Now
1332 N Miller Rd, Unit A
1332 N Miller RdTempe, AZ 85288
731 W University Dr
TempeAZ85281
1405 S Newberry Ln
TempeAZ85281
731 W University Dr
TempeAZ85281
1238 W 4th St
TempeAZ85281
504 W Brown St
TempeAZ85281
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
2123 W Hu Esta Dr
TempeAZ85282
504 W Brown St
TempeAZ85281
1201 S McClintock Dr
TempeAZ85281
617 S Roosevelt St
TempeAZ85281
1201 S McClintock Dr
TempeAZ85281
1518 W 5th St
TempeAZ85281
1905 E University Dr
TempeAZ85288
934 W Parkway Blvd
TempeAZ85281
1014 E Spence Ave, Unit 108
1014 E Spence Ave
TempeAZ85281
2025 S Granada Dr
TempeAZ85282
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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.
Showing Results 1-50, Page 1 of 2
Downtown Tempe, Tempe, AZ Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Downtown Tempe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Tempe 2 Bedroom Homes for Rent | $1,720 | $1,050 | $3,995 |
| Downtown Tempe 3 Bedroom Homes for Rent | $2,867 | $1,000 | $9,500 |
| Downtown Tempe 4 Bedroom Homes for Rent | $3,349 | $2,150 | $7,500 |
| Downtown Tempe 5 Bedroom Homes for Rent | $3,827 | $2,795 | $4,750 |
| Downtown Tempe 6 Bedroom Homes for Rent | $3,931 | $3,395 | $4,500 |
| Downtown Tempe 7 Bedroom Homes for Rent | $5,950 | $5,950 | $5,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 54 rentals with your search options within a 2 mile radius of the Downtown Tempe Neighborhood of Tempe, AZ.
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Downtown Tempe, Tempe, AZ Local Guide
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Cheapest Available Downtown Tempe Apartments for Rent
The cheapest available apartment rental in the Downtown Tempe area of Phoenix, AZ is a Studio unit found at Solaris On University priced from $829. University Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Downtown Tempe apartments for rent in Phoenix, AZ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Solaris On University | Studio | Studio,1BA | $829 |
| University Pointe Apartments | Studio | Studio,1BA | $899 |
| Riviera Palms | Studio | Studio,1BA | $899 |
| Margo | Studio | Studio,1BA | $929 |
| Onnix Apartments | Jade - Studio | Studio,1BA | $931 |
| Sago Gardens | Townhome | 2BR,1BA | $950 |
| Emerson Park | Studio | Studio,1BA | $970 |
| Polanco | Studio | Studio,1BA | $997 |
| Tempe Terrace | One Bedroom Suite | 1BR,1BA | $999 |
| Paseo on University | 1 Bedroom Apartment Near ASU Tempe | 1BR,1BA | $1,033 |
Best Value Apartments for Rent in Downtown Tempe, AZ
As of July 08, 2026 the best value apartment in the Downtown Tempe area is the $0.43 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $799. The second greatest value Downtown Tempe apartment is the D3 Model at Canvas starting at $1,249 with a $0.92 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Downtown Tempe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.43 |
| Canvas | D3 | 4BR,4BA | $0.92 |
| The District on Apache | 3x3 Luxe | 3BR,3BA | $0.89 |
| Corsican | 2 Bed - 1 Bath | 2BR,1BA | $1.31 |
| Nine20 Tempe | B1 | 2BR,2BA | $1.26 |
| SoL | 2BR/2BA - Platinum | 2BR,2BA | $1.18 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| The Heights on Lemon | 2 Bedrooms, 1 Bath | 2BR,1BA | $1.35 |
| MadEry Apartments | Saguaro | 2BR,1BA | $1.29 |
| Gateway at Tempe | 2x2 L Renovated | 2BR,2BA | $1.26 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
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.
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Best Local Schools in Downtown Tempe, Tempe, AZ
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Frequently Asked Questions about Downtown Tempe
What type of rentals are currently available in Downtown Tempe?
There are currently 431 Apartments for Rent in Downtown Tempe, AZ with pricing that ranges from $725 to $13,500. There are also 216 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Tempe ranging from $775 to $9,500.
What is the current price range for Rental Homes in Downtown Tempe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Tempe ranges from $775 to $9,500 with an average monthly rent of $2,990.
How much are larger Three and Four Bedroom Rentals in Downtown Tempe?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Tempe range from $775 to $6,379, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $9,500. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $725.
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
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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
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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.
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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
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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.