Most Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Guadalupe, West Tempe, and Alameda. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Tempe is $1,468, which is 4.6% 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.
Guadalupe
Average Rent
$1,387/Month
Year-Over-Year Rent Change
13.7%
TransitScore® Rating
17/100
Units Available
114 Rentals
Guadalupe is an affordable neighborhood in Tempe with an average rent price of $1,387. Compare this to the city average of $1,468. In the past year, rent prices have decreased by 13.7%. Guadalupe provides easy access to Paseo Del Saber/Apache, Ninth St/Mill, and Pecos Park. It’s a somewhat walkable neighborhood with a WalkScore® of 69.
West Tempe
Average Rent
$1,552/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
43/100
Units Available
240 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, West Tempe might be the perfect place! It has an average rent price of $1,552, while the city’s average stands at $1,468. In the last year, prices have decreased by 3%. West Tempe is near Desert Arboretum Park, ASU Center for Meteorite Studies, and Tempe Broadway Center.
Alameda
Average Rent
$1,624/Month
Year-Over-Year Rent Change
5.8%
TransitScore® Rating
50/100
Units Available
622 Rentals
Alameda is a top choice for budget-conscious renters for a variety of reasons. The average rent in Alameda is $1,624 while the city average is $1,468. This is a -5.8% difference from last year. Residents enjoy convenient access to Rural/Apache, Dorsey Ln/Apache Blvd, and Mcclintock Dr/Apache Blvd. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
South Tempe
Average Rent
$1,634/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
38/100
Units Available
305 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out South Tempe. The average rent is $1,634, compared to the city average of $1,468. Rent prices have decreased by 4.2%. South Tempe is convenient to Pollack Southwind Plaza, Arizona State Univ., Tempe, and Rural/Apache. The community is car-dependent with a WalkScore® of 48.
Apache
Average Rent
$1,679/Month
Year-Over-Year Rent Change
7.8%
TransitScore® Rating
50/100
Units Available
491 Rentals
Apache is an affordable neighborhood in Tempe with an average rent price of $1,679. Compare this to the city average of $1,468. In the past year, rent prices have decreased by 7.8%. Apache provides easy access to Sycamore/Main Street, Mcclintock Dr/Apache Blvd, and Fort Knox Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Downtown Tempe
Average Rent
$1,724/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
63/100
Units Available
754 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Downtown Tempe might be the perfect place! It has an average rent price of $1,724, while the city’s average stands at $1,468. In the last year, prices have decreased by 1.8%. Downtown Tempe is near Centerpoint on Mill, Phoenix Sky Harbor International, and ASU Center for Meteorite Studies.
The Lakes
Average Rent
$1,746/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
40/100
Units Available
109 Rentals
The Lakes is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Lakes is $1,746 while the city average is $1,468. This is a -4.2% difference from last year. Residents enjoy convenient access to Rural/Apache, Mesa C.C., Southern and Dobson, and i.d.e.a. Museum. The neighborhood is considered somewhat walkable with a WalkScore® of 68.
North Tempe
Average Rent
$1,789/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
38/100
Units Available
320 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out North Tempe. The average rent is $1,789, compared to the city average of $1,468. Rent prices have decreased by 3.9%. North Tempe is convenient to Rio Salado Courtyard, ASU Center for Meteorite Studies, and Union Plaza. The community is car-dependent with a WalkScore® of 48.
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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.