E1
Studio • 1 Bath • 543 Sq Ft
Starting at $1,464/mo
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$1,464 – $2,599/mo
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.
5 floor plans · 24 available units · Prices checked October 12, 2026
Studio • 1 Bath • 543 Sq Ft
Starting at $1,464/mo
1 Bedroom • 1 Bath • 693 Sq Ft
Starting at $1,628/mo
1 Bedroom • 1 Bath • 753 Sq Ft
Starting at $1,720/mo
1 Bedroom • 1 Bath • 719 Sq Ft
Starting at $1,752/mo
| 1 available unit | Price | Sq ft | Available | Open unit |
|---|---|---|---|---|
| 4020 | $1,752 | 719 | Oct 12 |
See all 37 units listed at Vela at Tempe Town Lake, including ones no longer available.
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.
| Month | Average asking rent | Lowest – highest | Units listed |
|---|---|---|---|
| Oct 2026 | $1,827 | $1,464 – $2,599 | 24 |
| Sep 2026 | $1,875 | $1,531 – $2,641 | 23 |
| Aug 2026 | $1,873 | $1,521 – $2,634 | 20 |
Rent
$1,464 – $2,599/moLease term
12 monthsEarliest move-in
Jan 7The all-in monthly cost by apartment size, and how the rent compares across the Phoenix area.
$1,724/mo
$260/mo above the advertised rent
Rent
$1,464
Electric, gas, water
$140
Internet
$74
Renters insurance
$14
Laundry
$32
All-in monthly
$1,724
| Size | Rent from | All-in monthly | Income 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.
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.
| Size | Median asking rent here | Phoenix-area asking rent | Tempe rent paid |
|---|---|---|---|
| Studio | $1,541 | — | $1,582 |
| 1 bedroom | $1,790 | $1,139 | $1,572 |
| 2 bedrooms | $2,213 | $1,319 | $1,791 |
Can you afford it? Rent affordability calculator for Tempe
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
555 N Collage Ave, Tempe, AZ, 85281
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.
Car-Dependent
Minimal Transit
Very Bikeable
Located steps away from Tempe Town Lake, our community offers a variety of apartments designed for a luxury. Discover your dream home today.
| School | Type | Level | Distance |
|---|---|---|---|
Ombudsman - Charter Northeast Charter · High | Charter | High | 0.6 mi |
Infant Child Res Pgrm/Pre-School Private · Preschool | Private | Preschool | 0.7 mi |
Congressional Pre-School & Child Care Center Private · Preschool | Private | Preschool | 0.8 mi |
Chase Back-Up Child Care Center Private · Preschool | Private | Preschool | 0.9 mi |
Bright Horizons Child Care Center-Mill Ave Private · Preschool | Private | Preschool | 0.9 mi |
Kid Zone-Laird Pre-School Private · Preschool | Private | Preschool | 1.0 mi |
Campus Children's Center Private · Preschool | Private | Preschool | 1.1 mi |
Student Choice High School Charter · High | Charter | High | 1.1 mi |
North Tempe Child Care Center Private · Preschool | Private | Preschool | 1.1 mi |
Maricopa Co Head Start-Westside Private · Preschool | Private | Preschool | 1.2 mi |