Best Affordable Neighborhoods in Tempe, AZ
Some of the cheapest neighborhoods in Tempe are Parkside Manor, Lindon Park, and Broadmor. These neighborhoods offer some of the lowest rent prices in Tempe, making them ideal for renters on a budget. As of March 14, 2026, the average rent in Tempe is $1,479, which is 1.9% 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.
Parkside Manor
Average Rent
$1,109/Month
TransitScore® Rating
46/100
Units Available
11 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Parkside Manor. The average rent is $1,109, compared to the city average of $1,479. Parkside Manor is convenient to Eleventh St/Mill, Ninth St/Mill, and South Mountain Comm. Coll.. The community is somewhat walkable with a WalkScore® of 66.
Lindon Park
Average Rent
$1,169/Month
TransitScore® Rating
45/100
Units Available
10 Rentals
Lindon Park is an affordable neighborhood in Tempe with an average rent price of $1,169. Compare this to the city average of $1,479. Lindon Park provides easy access to Phoenix-Mesa Gateway, Fifth St/Ash, and University Dr/Ash. It’s a walkable neighborhood with a WalkScore® of 71.
Broadmor
Average Rent
$1,187/Month
TransitScore® Rating
53/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Tempe, Broadmor might be the perfect place! It has an average rent price of $1,187, while the city’s average stands at $1,479. Broadmor is near ASU Center for Meteorite Studies, Arizona State Univ., Tempe, and Papago Park.
Bar Ranchos
Average Rent
$1,215/Month
TransitScore® Rating
50/100
Units Available
17 Rentals
Bar Ranchos is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bar Ranchos is $1,215 while the city average is $1,479. Residents enjoy convenient access to Tempe Beach Park/Rio Salado, Third St/Ash, and Phoenix Sky Harbor International. The neighborhood is considered walkable with a WalkScore® of 74.
Oaks
Average Rent
$1,223/Month
Units Available
20 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out Oaks. The average rent is $1,223, compared to the city average of $1,479. Oaks is convenient to i.d.e.a. Museum, University 101 Shops, and Price-101 Fwy/Apache Blvd.
Tempe Gardens
Average Rent
$1,265/Month
TransitScore® Rating
48/100
Units Available
30 Rentals
Tempe Gardens is an affordable neighborhood in Tempe with an average rent price of $1,265. Compare this to the city average of $1,479. Tempe Gardens provides easy access to ASU Center for Meteorite Studies, Phoenix-Mesa Gateway, and South Mountain Park. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
University Shadows
Average Rent
$1,279/Month
TransitScore® Rating
48/100
Units Available
16 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 $1,279, while the city’s average stands at $1,479. University Shadows is near Tri-City Pavilions, ASU Center for Meteorite Studies, and Phoenix Sky Harbor International.
Guadalupe
Average Rent
$1,344/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
17/100
Units Available
82 Rentals
Guadalupe is a top choice for budget-conscious renters for a variety of reasons. The average rent in Guadalupe is $1,344 while the city average is $1,479. This is a 3.4% difference from last year. Residents enjoy convenient access to Ninth St/Mill, Eleventh St/Mill, and Arizona State University. The neighborhood is considered somewhat walkable with a WalkScore® of 69.
12Fifty5 on University
Average Rent
$1,393/Month
TransitScore® Rating
64/100
Units Available
118 Rentals
When you’re looking for a great Tempe neighborhood on a budget, check out 12Fifty5 on University. The average rent is $1,393, compared to the city average of $1,479. 12Fifty5 on University is convenient to Mesa C.C., Southern and Dobson, Desert Arboretum Park, and Papago Park. The community is walkable with a WalkScore® of 77.
Palmcroft Manor
Average Rent
$1,439/Month
TransitScore® Rating
52/100
Units Available
33 Rentals
Palmcroft Manor is an affordable neighborhood in Tempe with an average rent price of $1,439. Compare this to the city average of $1,479. Palmcroft Manor provides easy access to Desert Arboretum Park, Arizona State University, and Dorsey Ln/Apache Blvd. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
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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.