Tempe, AZ Rent History

138 months of data, 20152026. Source: ZORI (Zillow Observed Rent Index, smoothed seasonally adjusted).

Today (2026-06)
$1,667
1-year change
-1.6%
$-27/mo
5-year change
+12.3%
$183/mo
10-year change
+65.7%
$661/mo

Monthly rent trend

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Year-by-year rent in Tempe

YearMedian rentYoY changevs 2015
2015$944/mo0.0%
2016$990/mo+4.9%+4.9%
2017$1,050/mo+6.1%+11.2%
2018$1,146/mo+9.1%+21.4%
2019$1,208/mo+5.4%+28.0%
2020$1,306/mo+8.1%+38.3%
2021$1,405/mo+7.6%+48.8%
2022$1,719/mo+22.3%+82.1%
2023$1,717/mo-0.1%+81.9%
2024$1,695/mo-1.3%+79.6%
2025$1,701/mo+0.4%+80.2%
2026$1,661/mo-2.4%+76.0%

Frequently asked questions

How much has rent in Tempe changed since 2015?

Median rent in Tempe, AZ was $928 in 2015-01 and is $1,667 as of 2026-06 — a change of $739 per month over 11 years.

How much has Tempe rent increased in the last 5 years?

Over the past 5 years, median rent in Tempe, AZ has changed +12.3% ($183 per month). The current median is $1,667.

What has rent in Tempe done over the past decade?

Over the past 10 years, median rent in Tempe, AZ has changed +65.7% ($661 per month). It is now $1,667.

Is rent in Tempe going up or down year over year?

Year over year, median rent in Tempe, AZ has decreased -1.6% ($-27/mo). Current median: $1,667.

See full rent data for Tempe, AZ
Methodology: Rent figures use ZORI (Zillow Observed Rent Index) monthly smoothed seasonally-adjusted values for all properties (single family + condo + multifamily). Year-by-year table uses April readings (or nearest available month) for consistency across years. 1-/5-/10-year change uses the same month 2026 as the anchor.