Houses for Rent in Tempe Arizona

Tempe, Arizona Rental Market: A Comprehensive Guide: Houses For Rent In Tempe Arizona

Houses for rent in tempe arizona – Tempe, Arizona, offers a vibrant rental market catering to a diverse population, including students, young professionals, and families. This guide provides an overview of the current rental landscape, highlighting key factors influencing rental costs and offering practical advice for prospective renters.

Finding houses for rent in Tempe, Arizona, can be competitive, depending on the time of year. If you’re open to exploring other areas in Arizona with a more relaxed housing market, you might consider checking out options like those available in houses for rent in Sierra Vista. Ultimately, the best location for you will depend on your priorities, but Tempe remains a popular choice for many renters.

Tempe, Arizona Housing Market Overview

The Tempe rental market is highly competitive, particularly near Arizona State University (ASU). Rental prices have generally trended upwards in recent years, influenced by factors such as population growth and increasing demand. Apartments are the most common rental type, but houses and townhouses are also readily available. Popular neighborhoods for renters include Tempe Marketplace, College Park, and the area surrounding ASU.

Compared to nearby cities like Mesa, Tempe generally commands higher rental rates due to its proximity to ASU and its thriving downtown area. Scottsdale, while more affluent, offers a different housing market with typically higher rental costs and a more luxurious feel.

Neighborhood	Average Rent (1-bedroom)	Average Rent (2-bedroom)	Average Rent (3-bedroom)
Tempe Marketplace	$1,500 – $1,800	$1,800 – $2,200	$2,500 – $3,000
College Park	$1,400 – $1,700	$1,700 – $2,100	$2,200 – $2,700
Downtown Tempe	$1,600 – $2,000	$2,000 – $2,500	$2,800 – $3,500
Rural Tempe	$1,300 – $1,600	$1,600 – $2,000	$2,000 – $2,500

Types of Rental Properties Available

Tempe offers a diverse range of rental properties to suit various needs and budgets.

• Single-family homes: These offer more space and privacy than apartments, often featuring yards and garages. Styles range from traditional ranch-style homes to more modern designs.
• Condos: These are individually owned units within a larger complex, offering amenities like pools and fitness centers. They often have a more modern aesthetic.
• Townhouses: These are multi-story units, typically attached to other units, offering a balance between privacy and community living. They often have a more urban feel.
• Apartments: Ranging from studios to multi-bedroom units, apartments are the most prevalent rental type in Tempe, offering various amenities and price points. Architectural styles vary widely.

Common architectural styles include Spanish Colonial Revival, Ranch, and contemporary designs. Many rental properties feature updated kitchens, modern bathrooms, and in-unit laundry facilities.

Factors Affecting Rental Costs

Several factors significantly impact rental costs in Tempe. Location is paramount, with properties closer to ASU or in highly desirable neighborhoods commanding higher prices. Property size, condition, and the presence of amenities such as a pool, fitness center, or garage also influence rental rates. Proximity to ASU drastically increases rental costs, especially during the academic year. Seasonal fluctuations exist, with higher rental rates typically seen during the fall and spring semesters.

Amenity	Price Impact (Low)	Price Impact (Medium)	Price Impact (High)
In-unit laundry	$25-$50	$50-$100	$100+
Garage/parking	$50-$75	$75-$150	$150+
Pool/fitness center	$75-$100	$100-$200	$200+
Pet-friendly	$25-$50/month pet rent	$50-$100/month pet rent + pet deposit	$100+/month pet rent + significant pet deposit

Finding Rental Properties in Tempe

Finding a rental property in Tempe involves utilizing various resources. Online listings on websites such as Zillow, Apartments.com, and Trulia are common starting points. Real estate agents and property management companies can also assist in the search process.

1. Search online listings: Explore various websites for available properties.
2. Contact property managers or landlords: Schedule viewings for properties of interest.
3. Complete a rental application: Provide necessary documentation, including proof of income and rental history.
4. Undergo a background and credit check: Allow the landlord to verify your suitability as a tenant.
5. Negotiate lease terms: Discuss rent amount, lease duration, and other conditions.
6. Sign the lease agreement: Once terms are agreed upon, formally sign the lease.
7. Pay security deposit and first month’s rent: Secure the property and commence tenancy.

Negotiating rental terms may involve discussing rent, lease length, or pet policies. Always carefully review the lease agreement before signing.

Neighborhood Specifics, Houses for rent in tempe arizona

Tempe offers diverse neighborhoods, each with its unique character.

Tempe Marketplace: This area boasts a vibrant atmosphere, with easy access to shopping, dining, and entertainment at Tempe Marketplace. The area is known for its modern apartment complexes and family-friendly environment. Transportation is convenient, with bus routes and proximity to major roadways. A typical street scene might include families strolling, shoppers heading to the mall, and the occasional sounds of live music from a nearby restaurant.

College Park: Located near ASU, this neighborhood caters primarily to students and young professionals. The area is lively and walkable, with many restaurants, bars, and shops within easy reach. The atmosphere is youthful and energetic, with a constant buzz of activity. A typical street scene might involve students walking to class, groups of friends chatting, and the sounds of nearby campus life.

Rural Tempe: This area offers a more tranquil setting compared to the bustling areas closer to ASU. It features a mix of single-family homes and apartments, with a more residential feel. Transportation options might be less frequent than in other areas, but proximity to major roads offers easy access to other parts of Tempe and the surrounding cities. A typical street scene might involve neighbors chatting in their yards, children playing, and a generally quiet and peaceful atmosphere.

Question Bank

What is the average security deposit in Tempe?

Security deposits in Tempe typically range from one to two months’ rent, depending on the property and landlord.

Are pets allowed in most Tempe rentals?

Pet policies vary widely. Some landlords welcome pets with additional fees and restrictions, while others have strict “no pets” policies. Always inquire about pet policies before applying.

How long is the typical lease term in Tempe?

Lease terms in Tempe commonly range from six months to one year, but shorter-term leases may be available depending on the property and landlord.

What are the typical utility costs in Tempe?

Utility costs vary based on usage and the size of the property. However, expect to pay for electricity, water, gas, and internet/cable separately.