Apartment Price Drops This Week in Downtown Tempe - Tempe, AZ

Written by Sunny | Edited by Ian Medlock
2 minute read

Biggest Rent Drops in Downtown Tempe, Tempe

Data updated: October 15, 2025 at 10:34 AM PDT

Looking for an apartment deal in Downtown Tempe? We’ve surfaced the biggest rent drops and current trends in this part of Tempe.


Which listings in Downtown Tempe have had the biggest price drops in the past week?

Unit 1011 at Vero, featuring a cozy 1 bed, 1 bath layout, recently reduced its price by $50 to a new rate of $1634. Meanwhile, Unit 1-9011 at The Local Apartments by Mark-Taylor offers a similar 1 bed, 1 bath configuration and also saw a $50 decrease, bringing the cost down to $2049. These deals present appealing opportunities for those seeking affordable living in prime Tempe locations.

Property Name Unit Description New Price (Drop) Drop Date
Vero 1 bed, 1 bath $1634 (-$50) 10/13
The Local Apartments by Mark-Taylor 1 bed, 1 bath $2049 (-$50) 10/14
Emerson Mill Avenue by Mark-Taylor 2 beds, 2 baths $2099 (-$30) 10/14

What’s the rent trend in Downtown Tempe?

Rent trend data is not available for this neighborhood at the moment.


Top 5 Price Drops This Week

Vero

Vero – 1011
1 bed, 1 bath, 512 sq ft
Was: $1684 → Now: $1634
Price Drop: $50

Price Changed on: 10/13


The Local Apartments by Mark-Taylor

The Local Apartments by Mark-Taylor – 1-9011
1 bed, 1 bath, 750 sq ft
Was: $2099 → Now: $2049
Price Drop: $50

Price Changed on: 10/14


Emerson Mill Avenue by Mark-Taylor

Emerson Mill Avenue by Mark-Taylor – 3033
2 beds, 2 baths, 975 sq ft
Was: $2129 → Now: $2099
Price Drop: $30

Price Changed on: 10/14


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Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.

Meet our contributors
Ian Medlock
Ian Medlock
General Manager
Ian Medlock leads growth at Sunny, where he helps renters discover the best places to live through smart, data-driven tools. With a background in marketing, product, and analytics, he's passionate about building experiences people love. Ian lives in the bay area with his family.