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
Margo Manor is an affordable neighborhood in Tempe with an average rent price of $1,097. Compare this to the city average of $1,431. Margo Manor provides easy access to Arizona State Univ., Tempe, Third St/Ash, and Phoenix Zoo. It’s a walkable neighborhood with a WalkScore® of 80.
Westgate
Average Rent
$1,105/Month
TransitScore® Rating
48/100
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Westgate might be the perfect place! It has an average rent price of $1,105, while the city’s average stands at $1,431. Westgate is near South Mountain Comm. Coll., Desert Arboretum Park, and University Dr/Ash.
Tempe Gardens
Average Rent
$1,110/Month
TransitScore® Rating
48/100
Units Available
33 Rentals
Tempe Gardens is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tempe Gardens is $1,110 while the city average is $1,431. Residents enjoy convenient access to South Mountain Park, Dorsey Ln/Apache Blvd, and Phoenix Sky Harbor International. The neighborhood is considered somewhat walkable with a WalkScore® of 59.
Bar Ranchos
Average Rent
$1,118/Month
TransitScore® Rating
50/100
Units Available
12 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Bar Ranchos. The average rent is $1,118, compared to the city average of $1,431. Bar Ranchos is convenient to Gateway Community College, Desert Botanical Garden, and Arizona State University. The community is walkable with a WalkScore® of 74.
Oaks
Average Rent
$1,150/Month
Units Available
10 Rentals
Oaks is an affordable neighborhood in Tempe with an average rent price of $1,150. Compare this to the city average of $1,431. Oaks provides easy access to University 101 Shops, ASU Center for Meteorite Studies, and Arizona Museum of Natural History.
Tempe Gardens Townhomes
Average Rent
$1,328/Month
TransitScore® Rating
45/100
Units Available
45 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Tempe Gardens Townhomes might be the perfect place! It has an average rent price of $1,328, while the city’s average stands at $1,431. Tempe Gardens Townhomes is near Eleventh St/Mill, Danelle Plaza, and Phoenix Zoo.
Guadalupe
Average Rent
$1,371/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
17/100
Units Available
99 Rentals
Guadalupe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Guadalupe is $1,371 while the city average is $1,431. This is a 1.2% difference from last year. Residents enjoy convenient access to Eleventh St/Mill, Phoenix-Mesa Gateway, and South Mountain Comm. Coll.. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
Jen Tilly Terrace
Average Rent
$1,409/Month
TransitScore® Rating
63/100
Units Available
50 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Jen Tilly Terrace. The average rent is $1,409, compared to the city average of $1,431. Jen Tilly Terrace is convenient to Phoenix Sky Harbor International, University Dr/Rural Rd, and Phoenix-Mesa Gateway. The community is walkable with a WalkScore® of 72.
Alameda
Average Rent
$1,424/Month
Year-Over-Year Rent Change
8.9%
TransitScore® Rating
50/100
Units Available
511 Rentals
Alameda is an affordable neighborhood in Tempe with an average rent price of $1,424. Compare this to the city average of $1,431. In the past year, rent prices have decreased by 8.9%. Alameda provides easy access to Arizona State University, Paseo Del Saber/Apache, and Smith-Martin/Apache Blvd. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Casa Fiesta
Average Rent
$1,439/Month
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Casa Fiesta might be the perfect place! It has an average rent price of $1,439, while the city’s average stands at $1,431. Casa Fiesta is near Park Plaza, College Ave/Apache, and Papago Park.
Ready to make your move to Tempe? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.