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AZ/Maricopa County/Tempe

Tempe, AZ

CitySAFMR
Maricopa County
Found 8 ZIPs
Zillow

City Median Investment Score

75Below average

095130300
BRFMR
Eff. Rent
0 BR$1,400 – $1,860$1,150 – $1,560
1 BR$1,500 – $2,000$1,330 – $1,720
2 BR$1,740 – $2,320$1,890 – $2,050
3 BR$2,300 – $3,060$2,240 – $2,520
4 BR$2,550 – $3,400$2,580 – $2,970
5 BR$3,007Not available
6 BR$3,458Not available
7 BR$3,977Not available
8 BR$4,574Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
2
0.59-1.25
1 BR
2
2
0.63-1.23
2 BR
3
0.75-1.13
3 BR
3
0.87-1.31
4 BR
2
0.67-1.14
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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Tempe, AZ fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 8 ZIP codes in Tempe, AZ ranges from $1,740 to $2,320 a month, with a median of $1,775. That is down 7.8% from $1,925 in FY 2026. Tempe is in the Phoenix-Mesa-Chandler, AZ MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Arizona is $1,244, so Tempe is 43% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Tempe, AZ
BedroomsFY 2027Change90–110% range
Studio$1,420−6.9%$1,278–$1,562
1BR$1,530−7.6%$1,377–$1,683
2BR$1,775−7.8%$1,598–$1,953
3BR$2,360−8.0%$2,124–$2,596
4BR$2,615−8.1%$2,354–$2,877

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Tempe, AZ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,420$1,530$1,775$2,360$2,615
FY 2026$1,525$1,655$1,925$2,565$2,845
FY 2025$1,600$1,755$2,035$2,740$3,060
FY 2024$1,490$1,635$1,920$2,600$2,955
FY 2023$1,420$1,550$1,840$2,520$2,870

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
85284$2,320+30.7%
85283$1,880+5.9%
85281$1,810+2.0%
85282$1,810+2.0%
85280$1,740−2.0%
85285$1,740−2.0%
85287$1,740−2.0%
85288$1,740−2.0%

Questions about Tempe, AZ rents

How much will Section 8 pay for a two-bedroom in Tempe, AZ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,775, that basic range is $1,598 to $1,953 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Tempe, AZ in?

Tempe, AZ is in the Phoenix-Mesa-Chandler, AZ MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Tempe, AZ for FY 2027?

The two-bedroom FMR fell 7.8%, from $1,925 in FY 2026 to $1,775 in FY 2027. Since FY 2023 it has fallen 3.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentAZ statewide rentsWhat is SAFMR?Data sources