2-Bedroom Rent · August 2026

2-Bedroom Apartment Rent in Tempe, AZ

$1,523/mo

Median asking rent for a 2-bedroom apartment in Tempe, Arizona as of August 2026. That's +8% lower than the citywide median of $1,656 and +8% below the national 2-bedroom median of $1,655.

2-Bedroom median
$1,523
August 2026
vs city overall
-8%
$1,656 city median
vs national
-8%
$1,655 US median
Arizona rank
#12
of 48 cities

Income needed for a 2-bedroom in Tempe

Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.

Annual income
$60,920
Monthly gross
$5,077
Hourly (full-time)
$29.29

Rent by apartment size in Tempe

Compare Tempe's median rent across every apartment size.

Studio
$1,195
1-Bedroom
$1,311
2-Bedroom (current)
$1,523
3-Bedroom
$2,050
4+ Bedroom
$2,290

Cheapest cities for a 2-bedroom in Arizona

#City2-Bedroom rent
1Bullhead City$1,305
2Kingman$1,315
3Sierra Vista$1,345
4Glendale$1,388
5Fort Mohave$1,400
6Mesa$1,417
7Phoenix$1,439
8Cottonwood$1,480
9Green Valley$1,490
10Tucson$1,492
11Yuma$1,503
12Tempe (this page)$1,523
13Goodyear$1,558
14Lake Havasu City$1,563
15Prescott$1,563

Most expensive cities for a 2-bedroom in Arizona

#City2-Bedroom rent
1Waddell$2,870
2Anthem$2,770
3Queen Creek$2,630
4Gilbert$2,603
5Scottsdale$2,512
6Litchfield Park$2,490
7Buckeye$2,385
8San Tan Valley$2,355
9Surprise$2,304
10Peoria$2,270
11Fountain Hills$2,270
12Maricopa$2,205
13Tolleson$2,150
14Avondale$2,105
15Flagstaff$2,073

Nearby cities — 2-bedroom rent

Considering nearby alternatives? 3 of these cities have cheaper 2-bedroom rents than Tempe.

CityDistance2-Bedroom rentvs Tempe
Chandler, AZ9.1 mi$1,754+$231 (+15%)
Paradise Valley, AZ11.2 mi$1,765+$242 (+16%)
Gilbert, AZ13.6 mi$2,603+$1,080 (+71%)
Phoenix, AZ14.1 mi$1,439$-84 (-6%)
Mesa, AZ14.2 mi$1,417$-106 (-7%)
Scottsdale, AZ15.3 mi$2,512+$989 (+65%)
Fountain Hills, AZ20.2 mi$2,270+$747 (+49%)
Glendale, AZ23.3 mi$1,388$-135 (-9%)
Tolleson, AZ23.8 mi$2,150+$627 (+41%)
Queen Creek, AZ24.1 mi$2,630+$1,107 (+73%)
Avondale, AZ26.9 mi$2,105+$582 (+38%)
Apache Junction, AZ27.5 mi$1,690+$167 (+11%)

2-Bedroom rent in Tempe — common questions

How much is a 2-bedroom apartment in Tempe?

As of August 2026, the median 2-bedroom apartment rent in Tempe, Arizona is $1,523 per month. This is +8% below the citywide median of $1,656.

What income do you need to afford a 2-bedroom in Tempe?

Using the standard 30% rent-to-income rule, you would need an annual income of about $60,920 ($5,077/month gross), which works out to roughly $29.29/hour at a full-time job.

Is Tempe expensive for a 2-bedroom compared to the rest of the US?

Tempe's 2-bedroom median of $1,523 is +8% below the national 2-bedroom median of $1,655. It ranks in the 42th percentile of US cities tracked.

How does Tempe rank for 2-bedroom rent in Arizona?

Among the 48 cities in Arizona with 2-bedroom data, Tempe ranks #12 from cheapest to most expensive.

Are there cheaper 2-bedroom options near Tempe?

Yes — nearby cities with cheaper 2-bedroom rents include Phoenix ($1,439), Mesa ($1,417), Glendale ($1,388).

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Methodology: Bedroom-level rent medians come from HUD Fair Market Rent data calibrated to the Zillow Observed Rent Index (ZORI) for Tempe, which serves as the citywide anchor. When the HUD bedroom values exceed the ZORI city median (a common quirk in luxury markets and small samples), bedroom values are proportionally scaled down to align. Income required uses the standard 30% rent-to-income guideline. Comparison rankings use the same data month across all cities (August 2026) and exclude cities with median rent below $400 or above $20,000.