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Townhomes under $1,500 for Rent in Tempe, AZ
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Total Monthly Price Total Monthly Price New1 BED, 1 BATH$1,025Base Rent$1,025Required Monthly FeesNoneTotal Monthly Price$1,025528 W Howe St
528 W Howe St, Tempe, AZ 85281 -
2 BEDS, 1 BATH$1,4004901 S Calle Los Cerros Dr
4901 S Calle Los Cerros Dr, Tempe, AZ 85282 -
2 BEDS, 1 BATH$1,1954017 S 44th Way
4017 S 44th Way, Phoenix, AZ 85040 -
2 BEDS, 1.5 BATHS$1,3004420 E Wood St
4420 E Wood St, Phoenix, AZ 85040
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Clear All FiltersTempe at a Glance
Tempe, AZ Townhouses 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
- Apartment Type Average Sq Ft Average Rent
- Studio 512 Sq Ft $1,332 / mo
- 1 Bedroom 694 Sq Ft $1,479 / mo
- 2 Bedrooms 992 Sq Ft $1,709 / mo
- 3 Bedrooms 1,320 Sq Ft $2,347 / mo
- 4 Bedrooms 2,111 Sq Ft $4,329 / mo
Top Budget-Friendly Neighborhoods in Tempe
(For 1 bedroom apartments)- Neighborhoods Average Sq Ft Average Rent
- Parkside Manor 658 Sq Ft $1,165/mo
- Broadmor 614 Sq Ft $1,181/mo
- Tempe Gardens 662 Sq Ft $1,183/mo
- Oaks 558 Sq Ft $1,198/mo
- Bar Ranchos 635 Sq Ft $1,232/mo
- Papago Gardens 450 Sq Ft $1,269/mo
- University Shadows 605 Sq Ft $1,276/mo
- Guadalupe 726 Sq Ft $1,342/mo
- 12Fifty5 on University 714 Sq Ft $1,342/mo
- Pepperwood Townhomes 720 Sq Ft $1,381/mo
Education
Data provided by GreatSchools.org 2025 © 2025. All rights reserved.
Apartments for Rent Near Tempe by Neighborhoods
Apartments for Rent Near Tempe
Tempe Apartments for Rent in Your Budget
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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.