Apartments under $1,500 for Rent in Tempe, AZ
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Price Drop. $566 Off|STUDIO$997+1 BED$1,027+2 BEDS$1,180+
Paseo on University
1255 E University Dr, Tempe, AZ 85281 -
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1 Month Free
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2 Months Free|
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1 Month Free|
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Exceptional Value
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Price Drop. $383 Off|STUDIO$1,055+1 BED$1,299+2 BEDS$1,499+
Grayson on the Rail
5300 E Washington St, Phoenix, AZ 85034 -
Price Drop. $156 Off
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STUDIO$1,099+1 BED$1,329+2 BEDS$1,350+
Nines at Lakeside
999 E Baseline Dr, Tempe, AZ 85283 -
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STUDIO$1,108+1 BED$1,000+2 BEDS$1,124+
Villetta Apartment Homes
1840 W Emelita Ave, Mesa, AZ 85202 -
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2 BEDS$1,485+3 BEDS$1,249+4 BEDS$1,165+
The District on Apache
977 E Apache Blvd, Tempe, AZ 85281 -
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Tempe at a Glance
Tempe, AZ Apartments for Rent
Tempe, Arizona, combines city living with desert landscapes. Located in the East Valley section of metropolitan Phoenix, this vibrant city is home to Arizona State University's main campus. The skyline rises alongside Tempe Town Lake, offering residents both urban and recreational opportunities. With more than 300 days of sunshine annually and an average temperature of 77°F, Tempe delivers year-round outdoor living.
Apartments for rent in Tempe include downtown high-rises and residential neighborhood communities, with current one-bedroom apartments averaging $1,469 monthly. The comprehensive transportation network features the Valley Metro Rail, bus routes, and neighborhood circulator services, connecting residents to Phoenix, Scottsdale, and Mesa. The city offers cultural destinations like the Tempe Center for the Arts and ASU Gammage, outdoor spaces including Papago Park and Tempe Beach Park, and an active Mill Avenue district. Tempe's central location and varied housing options make it a desirable Valley destination.
Why Tempe?
- Tempe is home to Arizona State, one of the largest public universities in the country
- Tempe has multiple family-friendly events throughout the year like the Tempe Festival of the Arts
- Parks like Tempe Beach Park and Papago Park provide residents with plenty of outdoor recreation
- The Tempe Center for the Arts hosts an array of live performances while the Wells Fargo Arena presents various sporting events and concerts
- Shop ‘til you drop at Tempe’s vast retail centers like Arizona Mills and Tempe Marketplace
Renting in Tempe
Average Rental Rates and Apartment Sizes
- Apartment Type Average Sq Ft Average Rent
- Studio 541 Sq Ft $1,370 / mo
- 1 Bedroom 693 Sq Ft $1,476 / mo
- 2 Bedrooms 997 Sq Ft $1,750 / mo
- 3 Bedrooms 1,311 Sq Ft $2,335 / mo
- 4 Bedrooms 2,111 Sq Ft $4,725 / mo
Top Budget-Friendly Neighborhoods in Tempe
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Oaks 516 Sq Ft $1,131/mo
- University Estates 623 Sq Ft $1,176/mo
- Broadmor 628 Sq Ft $1,180/mo
- University Shadows 605 Sq Ft $1,185/mo
- Broadmor Manor 599 Sq Ft $1,187/mo
- Bar Ranchos 574 Sq Ft $1,247/mo
- Guadalupe 696 Sq Ft $1,267/mo
- Papago Manor 627 Sq Ft $1,303/mo
- Cavalier Hills 617 Sq Ft $1,354/mo
- Festiva Tempe 747 Sq Ft $1,386/mo
Getting Around Tempe
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Tempe
Tempe Apartments for Rent in Your Budget
- Apartments with Move-In Specials in Tempe, AZ
- Tempe Apartments Under $600
- Tempe Apartments Under $700
- Tempe Apartments Under $800
- Tempe Apartments Under $900
- Tempe Apartments Under $1,000
- Tempe Apartments Under $1,100
- Tempe Apartments Under $1,200
- Tempe Apartments Under $1,300
- Tempe Apartments Under $1,400
- Tempe Apartments Under $1,500
- Tempe Apartments Under $1,600
- Tempe Apartments Under $1,700
- Tempe Apartments Under $1,800
- Tempe Apartments Under $1,900
- Tempe Apartments Under $2,000
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Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental.
Price Drop
Apartment communities change their rental rates often - sometimes multiple times a day. We track the changes and keep you up to date when a rental rate decreases.
Best Value
"Best value" units are located in buildings rated three stars or higher. We label apartment rentals that are priced significantly less than similar high-quality units nearby.
Rent Specials
Apartment communities regularly advertise deals for new residents. Whether it's a move-in special or a free tv, we locate the rentals that offer a little something extra when you sign your lease.
Note: Based on community-supplied data and independent market research. Subject to change without notice.