Renting an apartment in Tempe is a great choice for those looking to live in a city with a strong economy and plenty to do. Tempe has several neighborhoods that are safe, affordable, and full of amenities. If you’re considering renting an apartment in Tempe, read on for details about the city’s rent prices as well as how to find your next home!
The average monthly rent price in Tempe is $1,030 according to Apartment List's data from October 2018. That price includes utilities such as water and electricity but doesn't include things like cable or internet service. The median rent price is $1,010 per month—so half of all apartments cost more than this figure and half cost less—and the standard deviation is $33 per month (meaning most apartments will be within 33% (+/-) of the median).
When looking for an apartment, it's important to consider your budget and what kind of neighborhood you want to live in. The first step is determining how much rent you can afford. Knowing this figure will help narrow down your search for the perfect place. Apartments in Tempe range from studio units with 400 square feet of space up through three-bedroom apartments that are more than 2,000 square feet in size—but the average apartment size is about 881 square feet.
Renting in Tempe is a great option for students and young professionals. The city is home to Arizona State University, which has about 80,000 students enrolled. Arizona State University has one of the largest campuses in the United States, and it brings a lot of energy and activity to the area. It's also affordable here compared to other cities in Arizona. The average 2-bedroom apartment costs $1,330 per month while a 1-bedroom unit averages $1,073 per month.