Property prices for rent in Tempe (Arizona)

The rent prices in real estate in Tempe, in the Arizona region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,548.67
Average price last 6 months
$2.03
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Tempe has risen strongly during the last 6 months. In December, the average price per sq.feet was $1.61. In January this price barely changed remaining at $1.63 per sq.feet. The price for the following two months in (February, March) had a considerable rise of 168 %. The price per sq.feet has had a considerable fall of 81 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $2.17 to $1.76 during April, and May.

Average price

When referring to the price in Tempe (cities), this has risen in the last 6 months. In our first sample month during December, the average price is $1,425. In January This price remains at $1,418. In the following two months the average price has hardly changed with regard to the previous two months from $1,421.5 to $1,468. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 122 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,746 they are 18 % more affordable than the average price for Tempe . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 3 bedrooms priced at $2,185.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $1.46 / sq.feet, with an average $1.79 / sq.feet price in Tempe. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.69 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $1,746 it is 49 % more affordable than the average price in Tempe. "Office" is seen as the second most affordable property type. The most expensive property type is "Apartment" followed by "Townhouse". At a price of $2,367 it is 60 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.19 / sq.feet followed by "Townhouse" priced at $1.54 / sq.feet. "Apartment" is the most expensive type of property with a $185 / sq.feet value followed by "Office" with an average price of $13 / sq.feet.

Charts data
Average price May
Average price per sq.feet May
Number of properties used in Tempe
Number of properties used in region Arizona
$1,746
$1.79
11,112
136,152
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
Galleria Palms Bermuda
 1
Galleria Palms Bermuda
$1,255
Tempe, Arizona - For Rent - Apartment - 630 sq.feet - 1 bedroom - 1 bathroom
And sophistication. Our central tempe location is within steps of incredible shopping, dining... University, tempe town lake and mill avenue—tempe’s downtown entertainment district...
Galleria Palms Bermuda Reno
 1
Galleria Palms Bermuda Reno
$1,455
Tempe, Arizona - For Rent - Apartment - 630 sq.feet - 1 bedroom - 1 bathroom
And sophistication. Our central tempe location is within steps of incredible shopping, dining... University, tempe town lake and mill avenue—tempe’s downtown entertainment district...
Galleria Palms Sunset
 1
Galleria Palms Sunset
$1,305
Tempe, Arizona - For Rent - Apartment - 688 sq.feet - 1 bedroom - 1 bathroom
And sophistication. Our central tempe location is within steps of incredible shopping, dining... University, tempe town lake and mill avenue—tempe’s downtown entertainment district...
Galleria Palms Sunset Reno
 1
Galleria Palms Sunset Reno
$1,505
Tempe, Arizona - For Rent - Apartment - 688 sq.feet - 1 bedroom - 1 bathroom
And sophistication. Our central tempe location is within steps of incredible shopping, dining... University, tempe town lake and mill avenue—tempe’s downtown entertainment district...
Galleria Palms Paradise
 1
Galleria Palms Paradise
$1,160
Tempe, Arizona - For Rent - Apartment - 816 sq.feet - 2 bedrooms - 1 bathroom
And sophistication. Our central tempe location is within steps of incredible shopping, dining... University, tempe town lake and mill avenue—tempe’s downtown entertainment district...