Rent to own Homes in Tempe, AZ

Tempe, Arizona, is a Phoenix suburb with about 161,000 residents. It is the home of Arizona State University, which has almost 60,000 students enrolled at its Tempe campus alone. Though students have definitely made their mark on this city, there are also many families and young professionals who live and work here. Most areas of Tempe are within short distance of major freeways like the 60, 101, I-10, and 202. These are the main lifelines to nearby cities where many Tempe residents work, such as Scottsdale, Mesa, and downtown Phoenix. If you're looking for a rent-to-own house or somewhere to buy and put down your roots, Tempe might be a great choice.

Tempe, AZ is a great place for affordable rent-to-own homes! With a median household income of over $61,290 and a median rent of $1,230, the Tempe, AZ rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Tempe, AZ. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Tempe, AZ rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
Hot
1 of 24 280 S EVERGREEN RD #1301
3 Beds, 2.5 Baths
Rent To Own
Mesa Grande
Townhouse/Condo
Tempe, AZ 85281
1,100 Sqft | Built in 2007
830 S DOBSON RD #35
3 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #95
3 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
896 Sqft | Built in 1972
830 S DOBSON RD #7
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Mesa, AZ 85202
784 Sqft | Built in 1972
4646 E OAK ST
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
1,444 Sqft | Built in 1957
3514 N APACHE WAY
5 Beds, 5 Baths
Rent To Own
Southwest Village
Single Family Home
Scottsdale, AZ 85251
3,500 Sqft | Built in 1958
1 of 22 1618 N. 32nd St.
2 Beds, 2 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Phoenix, AZ 85207
1,020 Sqft | Built in 1983
2816 N 33RD PL
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85008
1,918 Sqft | Built in 1950
Rent to own homes offer low monthly payments and flexible terms.
1663 W PRINCETON AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Gilbert, AZ 85233
1,848 Sqft | Built in 1995
5324 N 37TH PL
4 Beds, 5 Baths
Rent To Own
 
Single Family Home
Paradise Valley, AZ 85253
5,169 Sqft | Built in 2008
3150 S ARIZONA PL
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Chandler, AZ 85286
2,629 Sqft | Built in 2018
8512 E Via De La Escuela --
3 Beds, 3 Baths
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
2,270 Sqft
8512 E VIA DE LA ESCUELA
3 Beds, 3 Baths
Rent To Own
McCormick Ranch
Single Family Home
Scottsdale, AZ 85258
2,270 Sqft | Built in 1977
2260 E WILDHORSE PL
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Chandler, AZ 85286
1,204 Sqft | Built in 1996
7690 N VIA DE PLATINA
2 Beds, 2 Baths
Rent To Own
McCormick Ranch
Townhouse/Condo
Scottsdale, AZ 85258
1,890 Sqft | Built in 1979
3829 N 4TH ST
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85012
1,545 Sqft | Built in 1900
6101 N 13TH PL
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85014
2,205 Sqft | Built in 1959
1107 W OSBORN RD #208
1 Bed, 1 Bath
Rent To Own
 
Townhouse/Condo
Phoenix, AZ 85013
845 Sqft | Built in 1950
7845 N 17TH ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85020
3,337 Sqft | Built in 1972
1881 E BARBARITA AVE
4 Beds, 2 Baths
Rent To Own
Sonoma Ranch
Single Family Home
Gilbert, AZ 85234
1,820 Sqft | Built in 1994
7710 N 3RD AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
2,328 Sqft | Built in 1944
3820 E SWEETWATER AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
1,545 Sqft | Built in 1973
1605 W WINTER DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85021
3,380 Sqft | Built in 2006
13613 N 76TH ST
5 Beds, 4.5 Baths
Rent To Own
Paradise Valley Ranchos
Single Family Home
Scottsdale, AZ 85260
4,155 Sqft | Built in 2019
2706 E DAHLIA DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Phoenix, AZ 85032
1,740 Sqft | Built in 1972
9648 E SHEENA DR
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Scottsdale, AZ 85260
1,796 Sqft | Built in 1996
303 S Recker Rd #148
2 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85206
840 Sqft | Built in 1972
6021 E ANDERSON DR
5 Beds, 4 Baths
Rent To Own
 
Single Family Home
Scottsdale, AZ 85254
3,484 Sqft | Built in 1995
7427 E CALYPSO CIR
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85208
1,627 Sqft | Built in 1974
5350 E DEER VALLEY DR #2273
2 Beds, 2 Baths
Rent To Own
Desert Ridge
Townhouse/Condo
Phoenix, AZ 85054
1,246 Sqft | Built in 2010
8924 E PORTOBELLO AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85212
1,357 Sqft | Built in 2003
42364 W VENTURE RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
1,912 Sqft | Built in 2003
43293 W OAKLAND CT
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
1,669 Sqft | Built in 2003
9413 E JUNE ST
5 Beds, 6 Baths
Rent To Own
 
Single Family Home
Mesa, AZ 85207
6,305 Sqft | Built in 2006
8738 W INDIANOLA AVE
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Phoenix, AZ 85037
1,228 Sqft | Built in 1988
38115 W SANTA CLARA AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
1,723 Sqft | Built in 2008
43227 W KIMBERLY ST
6 Beds, 4 Baths
Rent To Own
 
Single Family Home
Maricopa, AZ 85138
3,901 Sqft | Built in 2005
24403 N 43RD DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Glendale, AZ 85310
2,260 Sqft | Built in 2002
19305 N 78TH AVE
4 Beds, 2.5 Baths
Rent To Own
Arrowhead Ranch
Single Family Home
Glendale, AZ 85308
2,686 Sqft | Built in 1993
10148 W LAWRENCE LN
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Peoria, AZ 85345
2,006 Sqft | Built in 2017
39088 N CALI AVE
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
San Tan Valley, AZ 85140
2,576 Sqft | Built in 2005
10301 W CHARTER OAK DR
2 Beds, 2 Baths
Rent To Own
Sun City
Single Family Home
Sun City, AZ 85351
1,299 Sqft | Built in 1971
149 E PALOMINO WAY
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
San Tan Valley, AZ 85143
1,631 Sqft | Built in 2003
13368 W DESERT LN
3 Beds, 2 Baths
Rent To Own
Dave Brown At West Point
Single Family Home
Surprise, AZ 85374
1,640 Sqft | Built in 1999
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Buying a Home in Tempe, AZ

Tempe, AZ is seeing rapid growth and Tempe, AZ's' housing market remains optimal with an average home price that is -100% below the 2022 national average. Tempe, AZ is part of Maricopa county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Maricopa is 0.59% which is below the national average, which is 0.99%.

Median Home Price in Tempe, AZ

Median Rent in Tempe, AZ

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Tempe AZ

Housing Statistics The number of owners and renters in Tempe is about equal, and that's not surprising since this is a major college town with lots of apartments, condos, and rental homes near campus. The many students is also why Tempe has an annual residential turnover rate of about 28%, with the average time for residents to stay in a home lasting about 2 years. The median sales price of homes in Tempe is $195,000, and the vacancy rate is about 10%. As you search for houses to rent or buy, as well as rent to own homes, take note that the houses in this city are about 30 years old on average.

Local Sports If you're anywhere near Arizona State University in Tempe, you'll find it hard to ignore Sun Devil Stadium and its thousands of passionate fans. It's safe to say college football is important to the residents of Tempe, but that's not the only sport that people pay attention to. Wells Fargo Arena is also located on campus and is the site of college basketball, wrestling, gymnastics, and volleyball competitions. In addition, for almost 20 years, Sun Devil Stadium was where the NFL's Arizona Cardinals played all their games. Even though the games moved to Glendale, many Tempe locals still root for this team. Other sports with teams here include mixed martial arts, rugby, and rowing, to name a few options for athletes in Tempe.

Largest Employers and Industries Not surprisingly, Arizona State University is by far the top employer in Tempe, with more than 11,000 employees in the area. Maricopa County Community College District is another top employer, with the Kyrene School District not far behind. Clearly, education is the main industry in Tempe. Another well-known employer is the Salt River Project, which provides the city with water and electrical power. Other major employers here include US Airways, Honeywell, and a few banks and grocery stores. Take note that additional common industries in this city are food services, construction, and healthcare. Like most cities, the unemployment rate in Tempe changes often, but one pattern that doesn't change is that it is typically a few points lower than Arizona's average.

Nightlife Tempe is known for its incredible nightlife, and ASU plays a large role in that since it has frequently been named one of the top party schools. The main nightlife district is Mill Avenue, which is a large street lined with nightclubs, bars, restaurants, and small boutiques. Some of the most popular are Mill Cue Club, Rula Bula Irish Pub, and Tavern on Mill. Due to its popularity with residents and visitors alike, high-rise apartments and equally tall business buildings have been built around Mill over the last few decades, creating highly sought after commercial and residential properties. But a single street is not large enough to house all the bars demanded by the college crowd, so the places to drink tend to spill over onto University Drive, which intersects with Mill. Of course, sprinkled around the rest of the city are additional hot spots, including dive bars, dance clubs, and hookah lounges. Casey Moore's Oyster House - which is supposedly haunted - is just one of the popular bars in Tempe. And then there's Tempe Marketplace, which is newer and just a few minutes from ASU and Mill Avenue. It's an outdoor shopping center with dozens of big-box retailers, upscale restaurants, small shops, trendy bars, and a large movie theater. Thirsty Lion Pub and Grill is just one option for food and drinks here. There are also outdoor fireplaces surrounded by comfortable seating so you can enjoy the live music coming from the outdoor stages of this shopping center.

Outdoor Activities Residents of Tempe like to get out of the house and be active. Tempe Butte, which the locals call "A" Mountain due to the large letter "A" on it, is right by ASU and is a great spot for hiking and biking. Papago Park, which is located near the Phoenix Zoo, is another popular place for hikers and bikers to go. Tempe Town Lake is a man-made lake within walking distance of ASU, and it provides a beautiful backdrop for bike riding, walking, or jogging. And of course, fans of water activities use it for rowing, boating, and fishing. Tempe Beach Park is next to the lake, and it has a splash park for kids, as well as plenty of sports fields. Kiwanis Park also offers sports fields, as well as tennis courts, an indoor wave pool, and more. Golfers tend to flock to the ASU Karsten Golf Course, and many more courses in surrounding cities are just a short drive away.

Tempe, AZ Frequently Asked Questions

Tempe, AZ has a walk score of

Tempe, AZ has a bike score of

The state tax rate is 2.59 to 4.5% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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