Short Term Rental Communities in Tempe, AZ
Tempe, Arizona has become an increasingly attractive market for short term rental investors due to strong tourism, proximity to Arizona State University, and relatively favorable statewide laws that allow vacation rentals. Arizona law permits short term rentals, but local licensing requirements and HOA rules must always be followed, and associations can still restrict or prohibit rentals even when city laws allow them.
Below is a curated list of communities in Tempe that have historically been known to allow or be more flexible toward short term rental opportunities. Each community should still be independently verified prior to purchase.
Important Short Term Rental Considerations in Tempe
Operating a short term rental in Tempe requires compliance with city regulations, including obtaining a Short-Term Rental License, paying applicable taxes, and maintaining proper insurance coverage. While Arizona law generally allows short term rentals, HOAs can impose stricter rules or outright bans, making due diligence critical before purchasing.
Disclaimer
This information was accurate at the time of the most recent research; however, short term rental rules, HOA regulations, and city requirements can change at any time. Buyers and investors should independently verify all restrictions, bylaws, and legal requirements with the HOA, city of Tempe, and a qualified real estate professional prior to purchasing or operating a short term rental property.
Featured Communities
Sun Valley Casitas
Sun Valley Casitas is a centrally located Tempe community offering convenient access to Arizona State University, Tempe Marketplace, and major freeways. This neighborhood has attracted investors due to its smaller footprint homes and relatively flexible rental environment, making it a potential option for short term rental use depending on current HOA guidelines.
Coyote Landing
Coyote Landing is a popular condo-style community known for affordability and strong rental demand. Its location near key employment and entertainment hubs has made it appealing for both long-term and short-term rental strategies, though buyers should confirm current HOA policies regarding nightly or weekly rentals.
Moon Dance
Moon Dance features townhouse-style properties that are often sought after for rental investments. With proximity to Tempe amenities and transit corridors, it has historically been considered a viable option for short term rental investors, subject to association rules and any updates.
Park Premier
Park Premier offers a well-maintained community environment with access to parks and commuter routes. Investors have explored this community for rental income potential, including short term rental opportunities where permitted by HOA regulations.
Scene One
Scene One is a contemporary condominium community located near major Tempe attractions. Its modern layouts and urban feel make it attractive for short-term guests, and it has been considered by investors looking to capitalize on Tempe’s strong visitor demand.
The Vale
The Vale is a residential community that has drawn attention from investors due to its location and housing mix. While some properties may allow flexible rental use, buyers should carefully review HOA documents to confirm short term rental eligibility.
Bella Vita
Bella Vita is a well-known Tempe condo community offering resort-style amenities. Its appeal to seasonal visitors and traveling professionals has made it a consideration for short term rental investors, though HOA rules should always be verified.
Continental Townhouses East Unit 1
This established townhouse community provides a mix of affordability and location benefits. Some investors have targeted this area for rental income opportunities, including short term rentals where permitted.
Cortina Vista
Cortina Vista offers a smaller, more private residential setting. Its proximity to major Tempe destinations makes it a potential option for short term rental use, depending on current association restrictions.
Eldorado Townhouses
Eldorado Townhouses is located near key Tempe corridors and has historically been considered for rental investment opportunities. Buyers interested in short term rentals should review HOA bylaws carefully, as rules can change.
Marlborough Villas
Marlborough Villas is a centrally located community with access to shopping, dining, and transportation. Its accessibility and price point have made it appealing for rental investors, including those exploring short term rental strategies.
Fountain for the Sun
Fountain for the Sun is a unique community with a mix of property styles. Investors have explored opportunities here due to location and demand drivers, but as with all communities, short term rental use is subject to HOA approval and current regulations.