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Vela at Tempe Town Lake 1 of 1

Vela at Tempe Town Lake

$1,464 – $2,599/mo

  • Studio–2 bedrooms
  • 1–2 baths
  • 543–1,087 sq ft
  • 24 units available
555 N Collage Ave, Tempe, AZ, 85281

As of October 12, 2026, Vela at Tempe Town Lake in Tempe, AZ has 24 apartments for rent from $1,464 to $2,599/mo. Studios start at $1,464, one-bedrooms at $1,628, and two-bedrooms at $2,202. The average asking rent has fallen 5% since August 26, 2026, from $1,894 to $1,798.

Floor plans

5 floor plans · 24 available units · Prices checked October 12, 2026

E1

Studio • 1 Bath • 543 Sq Ft

Starting at $1,464/mo

6 available unitsPriceSq ftAvailableOpen unit
1009$1,522543Oct 12
1020$1,527543Oct 12
4017$1,603543Oct 29
3021$1,554543Nov 15
4021$1,564543Nov 23
1002$1,464543Jan 7

A1

1 Bedroom • 1 Bath • 693 Sq Ft

Starting at $1,628/mo

4 available unitsPriceSq ftAvailableOpen unit
2010$1,748693Oct 31
1050$1,628693Nov 17
4046$1,725693Dec 5
4043$1,775693Dec 5

A3

1 Bedroom • 1 Bath • 753 Sq Ft

Starting at $1,720/mo

10 available unitsPriceSq ftAvailableOpen unit
3005$1,720753Oct 12
1036$1,752753Oct 12
2037$1,884753Oct 12
3029$1,884753Oct 12
3060$2,125753Oct 12
4014$1,896753Oct 30
3047$1,871753Nov 3
4037$1,881753Nov 10
1060$1,790753Nov 26
5008$1,885753Dec 4

A2

1 Bedroom • 1 Bath • 719 Sq Ft

Starting at $1,752/mo

1 available unitPriceSq ftAvailableOpen unit
4020$1,752719Oct 12

B1

2 Bedrooms • 2 Baths • 1,087 Sq Ft

Starting at $2,202/mo

3 available unitsPriceSq ftAvailableOpen unit
2004$2,2021,087Oct 11
3033$2,5991,087Oct 12
4068$2,2131,087Nov 7

See all 37 units listed at Vela at Tempe Town Lake, including ones no longer available.


Rent history

Over the past 3 months, the average asking rent at Vela at Tempe Town Lake has ranged from $1,798 to $1,937. The current average is $1,798, the lowest in the past 3 months.

Prices reflect the average advertised rent across units listed as available each day (48 days observed).
MonthAverage asking rentLowest – highestUnits listed
Oct 2026$1,827$1,464 – $2,59924
Sep 2026$1,875$1,531 – $2,64123
Aug 2026$1,873$1,521 – $2,63420

Fees & lease terms

  • Rent

    $1,464 – $2,599/mo
  • Lease term

    12 months
  • Earliest move-in

    Jan 7

Cost to rent here

The all-in monthly cost by apartment size, and how the rent compares across the Phoenix area.

Lowest-priced apartment: E1 at $1,464

$1,724/mo

$260/mo above the advertised rent

  • Rent

    $1,464

  • Electric, gas, water

    est.

    $140

  • Internet

    est.

    $74

  • Renters insurance

    est.

    $14

  • Laundry

    est.
    No in-unit washer/dryer listed

    $32

  • All-in monthly

    $1,724

By apartment size

SizeRent fromAll-in monthlyIncome to qualify
Studio$1,464$1,724$52,704/yr
1 bedroom$1,628$1,903$58,608/yr
2 bedrooms$2,202$2,549$79,272/yr

Landlords commonly look for a monthly income of three times the rent, about $52,704 a year for the $1,464 studio. The median renter household in Tempe earns $65,904 a year.

Compared with the Phoenix area

The median one-bedroom at Vela at Tempe Town Lake asks $1,790 a month, 57% above the Phoenix area's typical one-bedroom asking rent of $1,139. Typical asking rents across the area are down 2.9% from a year earlier.

SizeMedian asking rent herePhoenix-area asking rentTempe rent paid
Studio$1,541—$1,582
1 bedroom$1,790$1,139$1,572
2 bedrooms$2,213$1,319$1,791
Area asking rent: typical rent asked for a new lease across the Phoenix-Mesa-Chandler, AZ metro, Apartment List Rent Estimates, August 2026.Rent paid: median rent including utilities across all renter households in Tempe, U.S. Census Bureau American Community Survey, 2020–2024.
Rows marked “est.” are averages for this area scaled to the apartment, not quotes from the property. The income figure is a common screening rule, not this property’s requirement.

Amenities

  • Beautiful Lakefront Views

  • Designer Color Schemes

  • Earn With Airbnb

  • Easy Access To Tempe Town Lake Beach & Amenities

  • Ev Charge Stations

  • Fitness & Wellness Center With Peloton Bikes & Fitness Instruction Available

  • Gourmet Kitchens

  • Kitchen Prep Island With Pendant Lighting

  • Meeting & Entertainment Rooms

  • Plush Outdoor Seating With Gas Fire Pits

  • Pool With Spa Cabanas

  • Spacious Walk-In Closets

  • Spectacular Views

  • Split Master Floor Plans

  • Stainless Steel Appliances

  • Tvs & Serene Water Features


Location

555 N Collage Ave, Tempe, AZ, 85281


Resident reviews

3.7
Overall rating
Positive
Mixed
Neutral
Negative
Management5.0
Amenities and Shared Spaces5.0
Location5.0
Building Quality5.0
Maintenance5.0

Vela offers modern amenities, an attractive lakeside location, and generally responsive staff that residents appreciate. However, experiences vary significantly: some residents report excellent service and community atmosphere, while others cite persistent issues with maintenance responsiveness, security concerns, noise management, and unclear fee structures that have created frustration.

Management and staff receive consistently positive feedback for friendliness, helpfulness, and responsiveness to resident concerns. Leasing staff are noted for providing thorough information and accommodating move-in processes, while maintenance and management teams are praised for addressing issues professionally. The property offers strong communication and service-oriented support, though some residents report occasional delays in maintenance response times.

Residents highlight 24-hour access to gym, pool, and coffee amenities as convenient features, with staff described as helpful. However, reviews reveal significant concerns about common-area maintenance, including inadequate landscaping upkeep, trash accumulation in hallways, and pool cleanliness issues. Parking fees and charges for shared utilities are noted as additional costs, and shared-space conditions appear inconsistent across the property.

Residents consistently praise the property's location as a key strength, highlighting convenient access to the Phoenix metro area and proximity to highway routes without excessive noise. The location offers good accessibility for commuting and getting around the region. However, parking fees apply for additional spaces despite available garage capacity.

The building features newer construction with a convenient location, though residents note that walls and floors are relatively thin, resulting in noise transmission between units. Appliances are basic in quality, and some residents report ongoing maintenance and responsiveness concerns with management.

Based on limited positive feedback for this property, maintenance responsiveness appears inconsistent. The single positive review selected does not provide sufficient data to establish reliable maintenance performance patterns. Residents should request specific maintenance response time commitments and documentation procedures before signing a lease.

Summaries are written by AI from reviews residents posted on public review sites such as Google and ApartmentRatings. Each topic shows how many of those reviews discuss it.

Getting around

Car-Dependent

Minimal Transit

Very Bikeable


About this property

Located steps away from Tempe Town Lake, our community offers a variety of apartments designed for a luxury. Discover your dream home today.


Nearby schools

SchoolTypeLevelDistance

Ombudsman - Charter Northeast

Charter · High
CharterHigh0.6 mi

Infant Child Res Pgrm/Pre-School

Private · Preschool
PrivatePreschool0.7 mi

Congressional Pre-School & Child Care Center

Private · Preschool
PrivatePreschool0.8 mi

Chase Back-Up Child Care Center

Private · Preschool
PrivatePreschool0.9 mi

Bright Horizons Child Care Center-Mill Ave

Private · Preschool
PrivatePreschool0.9 mi

Kid Zone-Laird Pre-School

Private · Preschool
PrivatePreschool1.0 mi

Campus Children's Center

Private · Preschool
PrivatePreschool1.1 mi

Student Choice High School

Charter · High
CharterHigh1.1 mi

North Tempe Child Care Center

Private · Preschool
PrivatePreschool1.1 mi

Maricopa Co Head Start-Westside

Private · Preschool
PrivatePreschool1.2 mi

Contact & management