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Showing all results in Tempe, AZ.

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Apartments under $500 for Rent in Tempe, AZ

6,638 Rentals
.
  9. $452 Off
    Price Drop. $452 Off
    |
    STUDIO
    $1,357+
    1 BED
    $1,311+
    2 BEDS
    $1,728+
    3 BEDS
    $2,114+

    Volta on Broadway

    1221 E Broadway Rd, Tempe, AZ 85282
    (623) 253-7875
  13. $419 Off
    Price Drop. $419 Off
    1 BED
    $1,579+
    2 BEDS
    $1,782+
    3 BEDS
    $2,204+

    Caldera

    3939 W Windmills Blvd, Chandler, AZ 85226
    (480) 372-8516
  20. Building Photo - The Aubrey
    $380 Off
    Price Drop. $380 Off
    |
    STUDIO
    $1,596+
    1 BED
    $1,758+
    2 BEDS
    $2,104+
    3 BEDS
    $3,120+

    The Aubrey

    1003 W Washington St, Tempe, AZ 85288
    (623) 404-8922
  26. Building Photo - Aura Watermark
    $347 Off
    Price Drop. $347 Off
    |
    STUDIO
    $1,478+
    1 BED
    $1,868+
    2 BEDS
    $2,517+
    3 BEDS
    $2,908+

    Aura Watermark

    420 N Scottsdale Rd, Tempe, AZ 85281
    (833) 693-4005
  28. San Portella, Tempe, AZ, Kitchen - San Portella
    $337 Off
    Price Drop. $337 Off
    |
    1 BED
    $1,489+
    2 BEDS
    $1,694+
    3 BEDS
    $2,174+

    San Portella

    2155 S 55th St, Tempe, AZ 85282
    (844) 977-2417
  29. Building Photo - Twenty One 41
    1 BED
    $1,299+
    2 BEDS
    $1,249+
    3 BEDS
    $1,630+

    Twenty One 41

    2141 E University Dr, Tempe, AZ 85281
  30. Building Photo - West 6th
    $326 Off
    Price Drop. $326 Off
    |
    STUDIO
    $1,649+
    1 BED
    $1,849+
    2 BEDS
    $2,498+
    3 BEDS
    $3,699+

    West 6th

    115 W 6th St, Tempe, AZ 85281
    (623) 400-6058
  40. $289 Off
    Price Drop. $289 Off
    |
    1 BED
    $1,200+
    2 BEDS
    $1,350+

    Avia 266

    2354 W University Dr, Mesa, AZ 85201
    (844) 975-3833

Tempe at a Glance

Average Rent

$1,464
(All bedrooms and property types)
Learn more about
Average Rent in Tempe
6

School Rating

out of 10 Rating
Learn more about
Schools in Tempe
46

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Tempe
74

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Tempe

Tempe, AZ Apartments for Rent

Tempe is home to the main campus of Arizona State University, one of the largest public universities by enrollment in the United States, creating a lively college town atmosphere along the Salt River. If you're searching for apartments for rent in Tempe, you'll discover budget-friendly options that work perfectly for students and young professionals alike, with average one-bedroom rents around $1,458 and recent decreases of 3.1% making now a great time to find your next home.

Renting in Tempe gives you amazing bang for your buck with easy access to both city perks and outdoor fun. The walkable Mill Avenue district serves up shops, restaurants, and nightlife, while Tempe Town Lake lets you kayak and enjoy waterfront activities just minutes from most apartment communities. Valley Metro Light Rail connects you throughout the Phoenix area for simple commuting, and being close to major employers like ASU and local tech companies means plenty of job opportunities. Popular neighborhoods like Maple-Ash and Riverside offer different housing styles, from modern high-rises near downtown to more suburban apartment communities with desert landscaping and resort-style amenities.

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

Top Budget-Friendly Neighborhoods in Tempe

(For 1 bedroom apartments)

Getting Around Tempe

Transportation

59

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
74

Very Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
46

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

GreatSchools Rating
Corona Del Sol High School

Public High School

Public
Grades 9-12
2,733 Students
GreatSchools Rating
McClintock High School

Public High School

Public
Grades 9-12
1,949 Students
GreatSchools Rating
Tempe High School

Public High School

Public
Grades 9-12
1,584 Students
GreatSchools Rating
Marcos De Niza High School

Public High School

Public
Grades 9-12
1,519 Students
GreatSchools Rating
Compadre High School

Public High School

Public
Grades 9-12
0 Students
GreatSchools Rating
McKemy Academy of International Studies

Public Middle School

Public
Grades 6-8
334 Students
GreatSchools Rating
Connolly Middle School

Public Middle School

Public
Grades 6-8
984 Students
GreatSchools Rating
Broadmor Elementary School

Public Elementary School

Public
Grades K-5
598 Students
GreatSchools Rating
Fuller Elementary School

Public Elementary School

Public
Grades K-5
517 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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