Most Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Oaks, University Estates, and Broadmor. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Tempe is $1,475, which is 1.4% 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.
Oaks
Average Rent
$1,133/Month
Units Available
33 Rentals
Oaks is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oaks is $1,133 while the city average is $1,475. Residents enjoy convenient access to Arizona State Univ., Tempe, Arizona Museum of Natural History, and Phoenix-Mesa Gateway.
University Estates
Average Rent
$1,176/Month
TransitScore® Rating
56/100
Units Available
10 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out University Estates. The average rent is $1,176, compared to the city average of $1,475. University Estates is convenient to Phoenix Sky Harbor International, Mesa C.C., Southern and Dobson, and Desert Botanical Garden. The community is somewhat walkable with a WalkScore® of 61.
Broadmor
Average Rent
$1,187/Month
TransitScore® Rating
53/100
Units Available
18 Rentals
Broadmor is an affordable neighborhood in Tempe with an average rent price of $1,187. Compare this to the city average of $1,475. Broadmor provides easy access to Desert Botanical Garden, Phoenix Sky Harbor International, and Rural/Apache. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
University Shadows
Average Rent
$1,201/Month
TransitScore® Rating
48/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, University Shadows might be the perfect place! It has an average rent price of $1,201, while the city’s average stands at $1,475. University Shadows is near Mcclintock Dr/Apache Blvd, Alverno College, and Sycamore/Main Street.
Parkside Manor
Average Rent
$1,206/Month
TransitScore® Rating
46/100
Units Available
10 Rentals
Parkside Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Parkside Manor is $1,206 while the city average is $1,475. Residents enjoy convenient access to University Dr/Ash, Fifth St/Ash, and Arizona State Univ., Tempe. The neighborhood is considered somewhat walkable with a WalkScore® of 66.
Broadmor Manor
Average Rent
$1,214/Month
TransitScore® Rating
48/100
Units Available
12 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Broadmor Manor. The average rent is $1,214, compared to the city average of $1,475. Broadmor Manor is convenient to Eleventh St/Mill, Broadway Marketplace, and Arizona State University. The community is somewhat walkable with a WalkScore® of 50.
Palmcroft Manor
Average Rent
$1,229/Month
TransitScore® Rating
52/100
Units Available
14 Rentals
Palmcroft Manor is an affordable neighborhood in Tempe with an average rent price of $1,229. Compare this to the city average of $1,475. Palmcroft Manor provides easy access to Arizona State University, Mcclintock Dr/Apache Blvd, and i.d.e.a. Museum. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Bar Ranchos
Average Rent
$1,235/Month
TransitScore® Rating
50/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Bar Ranchos might be the perfect place! It has an average rent price of $1,235, while the city’s average stands at $1,475. Bar Ranchos is near Phoenix Sky Harbor International, University Dr/Ash, and Fifth St/Ash.
Papago Manor
Average Rent
$1,279/Month
Units Available
25 Rentals
Papago Manor is a top choice for budget-conscious renters for a variety of reasons. The average rent in Papago Manor is $1,279 while the city average is $1,475. Residents enjoy convenient access to Tempe Beach Park/Rio Salado, Gateway Community College, and Scottsdale Community College.
Guadalupe
Average Rent
$1,299/Month
Year-Over-Year Rent Change
7.9%
TransitScore® Rating
17/100
Units Available
107 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Guadalupe. The average rent is $1,299, compared to the city average of $1,475. Rent prices have decreased by 7.9%. Guadalupe is convenient to Pepperwood Pointe, Mesa C.C., Southern and Dobson, and South Mountain Comm. Coll.. The community is somewhat walkable with a WalkScore® of 69.
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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.