Best Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Margo Manor, Westgate, and Tempe Gardens. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of December 12, 2025, the average rent in Tempe is $1,431, which is 4% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Margo Manor
Average Rent
$1,097/Month
TransitScore® Rating
47/100
Units Available
10 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Margo Manor. The average rent is $1,097, compared to the city average of $1,431. Margo Manor is convenient to University Dr/Ash, Phoenix Zoo, and Eleventh St/Mill. The community is walkable with a WalkScore® of 80.
Westgate
Average Rent
$1,105/Month
TransitScore® Rating
48/100
Units Available
11 Rentals
Westgate is an affordable neighborhood in Tempe with an average rent price of $1,105. Compare this to the city average of $1,431. Westgate provides easy access to Palm Village, South Mountain Comm. Coll., and Phoenix-Mesa Gateway. It’s a walkable neighborhood with a WalkScore® of 82.
Tempe Gardens
Average Rent
$1,110/Month
TransitScore® Rating
48/100
Units Available
33 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Tempe Gardens might be the perfect place! It has an average rent price of $1,110, while the city’s average stands at $1,431. Tempe Gardens is near Valley Fair, Phoenix-Mesa Gateway, and Rural/Apache.
Bar Ranchos
Average Rent
$1,118/Month
TransitScore® Rating
50/100
Units Available
12 Rentals
Bar Ranchos is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bar Ranchos is $1,118 while the city average is $1,431. Residents enjoy convenient access to Fiesta Shops West, Mill Ave/3Rd St, and Desert Botanical Garden. The neighborhood is considered walkable with a WalkScore® of 74.
Oaks
Average Rent
$1,150/Month
Units Available
10 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Oaks. The average rent is $1,150, compared to the city average of $1,431. Oaks is convenient to Arizona Museum of Natural History, Alma School/Main St, and All Serv Auto Center.
Tempe Gardens Townhomes
Average Rent
$1,326/Month
TransitScore® Rating
45/100
Units Available
45 Rentals
Tempe Gardens Townhomes is an affordable neighborhood in Tempe with an average rent price of $1,326. Compare this to the city average of $1,431. Tempe Gardens Townhomes provides easy access to College Ave/Apache, Phoenix Zoo, and Arizona State Univ., Tempe. It’s a walkable neighborhood with a WalkScore® of 70.
Guadalupe
Average Rent
$1,371/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
17/100
Units Available
99 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Guadalupe might be the perfect place! It has an average rent price of $1,371, while the city’s average stands at $1,431. In the last year, prices have increased by 1.2%. Guadalupe is near South Mountain Comm. Coll., Arizona State Univ., Tempe, and Eleventh St/Mill.
Jen Tilly Terrace
Average Rent
$1,409/Month
TransitScore® Rating
63/100
Units Available
50 Rentals
Jen Tilly Terrace is a top choice for budget-conscious renters for a variety of reasons. The average rent in Jen Tilly Terrace is $1,409 while the city average is $1,431. Residents enjoy convenient access to Mcclintock Dr/Apache Blvd, Desert Botanical Garden, and Desert Arboretum Park. The neighborhood is considered walkable with a WalkScore® of 72.
Alameda
Average Rent
$1,425/Month
Year-Over-Year Rent Change
8.2%
TransitScore® Rating
50/100
Units Available
510 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Alameda. The average rent is $1,425, compared to the city average of $1,431. Rent prices have decreased by 8.2%. Alameda is convenient to ASU Center for Meteorite Studies, i.d.e.a. Museum, and Phoenix Sky Harbor International. The community is somewhat walkable with a WalkScore® of 68.
Casa Fiesta
Average Rent
$1,439/Month
Units Available
26 Rentals
Casa Fiesta is an affordable neighborhood in Tempe with an average rent price of $1,439. Compare this to the city average of $1,431. Casa Fiesta provides easy access to Rural/Apache, Papago Park, and Pepperwood Plaza.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.