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.

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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.