Tempe / ASU District, AZ
June 2026
85281,85282,85283,85284
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,281 – $1,387 | 0.52% | -2.51% |
| 2-Bedroom | $1,468 – $1,622 | 0.58% | -0.63% |
| 3-Bedroom | $2,056 – $2,272 | 5.71% | -3.18% |
| 4-Bedroom | $2,966 – $3,194 | -2.87% | -4.08% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,337 – $1,397 | -1.29% | -4.13% |
| 2-Bedroom | $1,578 – $1,682 | 3.90% | -4.15% |
| 3-Bedroom | $2,119 – $2,228 | 0.05% | -0.53% |
| 4-Bedroom | $2,862 – $3,039 | 2.38% | -1.06% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,611 – $1,694 | -1.46% | -2.12% |
| 2-Bedroom | $1,732 – $1,876 | -1.57% | -13.83% |
| 3-Bedroom | $2,310 – $2,502 | 1.16% | 0.38% |
| 4-Bedroom | $2,695 – $2,949 | 0.93% | 0.94% |
In the Tempe / ASU District (85281, 85282, 85283, 85284) rental market, 1-bedroom apartments advanced 5.0% month-over-month to $1,349, though their year-over-year figure declined by -0.3%. This segment exhibited the sharpest monthly gain among apartments, contrasting with softer annual performance.
For larger rentals across Tempe / ASU District (85281, 85282, 85283, 85284), 4-bedroom single-family homes increased 4.99% month-over-month to $2,750. In comparison, 4-bedroom apartments ended at $2,869 after a -9.13% monthly drop, demonstrating divergent performance between these segments despite a $119 rent gap.
Recent Tempe / ASU District (85281, 85282, 85283, 85284) rental trends indicate that 1-bedroom condos dropped -2.12% month-over-month to $1,372. This segment also posted a year-over-year decrease of -5.73%, highlighting continued downward movement for entry-level condo rentals in the area.