Tempe / ASU District, AZ
August 2026
85281,85282,85283,85284
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,263 – $1,368 | -2.06% | -3.75% |
| 2-Bedroom | $1,463 – $1,617 | 0.41% | -0.38% |
| 3-Bedroom | $2,000 – $2,211 | -5.85% | -7.12% |
| 4-Bedroom | $2,945 – $3,268 | -1.64% | -5.08% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,379 – $1,421 | -0.94% | -2.39% |
| 2-Bedroom | $1,537 – $1,688 | 0.22% | -3.87% |
| 3-Bedroom | $2,063 – $2,235 | 0.78% | -2.63% |
| 4-Bedroom | $2,812 – $2,986 | -1.35% | -2.46% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,635 – $1,719 | 0.85% | -1.12% |
| 2-Bedroom | $1,856 – $1,991 | 3.56% | -7.79% |
| 3-Bedroom | $2,245 – $2,482 | -2.43% | -0.67% |
| 4-Bedroom | $2,697 – $3,010 | -0.94% | 3.51% |
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.