Tempe Homes under $400,000

Welcome to Tempe, Arizona – a vibrant city that perfectly blends the charm of a small town with the excitement of urban living. Nestled in Maricopa County, Tempe is renowned for its rich cultural scene, stunning landscapes, and a strong sense of community. Home to Arizona State University, the city buzzes with youthful energy, offering residents a plethora of dining, shopping, and entertainment options. From the serene waters of Tempe Town Lake to the beautiful trails of Papago Park, outdoor enthusiasts will find plenty of opportunities to explore nature right at their doorstep.

For those looking to settle down in this dynamic city without breaking the bank, Tempe offers a variety of homes priced under $400,000. This market segment is perfect for first-time homebuyers, young professionals, or even investors looking to capitalize on the thriving rental market. You can find charming single-family homes, cozy townhouses, and modern condominiums, each with unique features that reflect Tempe’s diverse architectural styles.

Imagine waking up in a beautiful home surrounded by the stunning desert landscape, with easy access to local parks, schools, and the vibrant downtown area. With a range of properties available, you can find the perfect fit for your lifestyle and budget. Tempe's strong sense of community, coupled with its affordable housing options, makes it an ideal place to call home. Don’t miss out on the opportunity to be part of this energetic city – your dream home in Tempe awaits!

Newest Tempe Homes under $400,000

1905 E University Drive Unit D216, Tempe

$287,800

2 Beds ⋅ 2 Baths ⋅ 7090035 MLS

Discover this adorable two-story condo in Papago Park Village 2! Inside, you'll find a bright and inviting layout with wood-look flooring, vaulted ceilings for a feeling of openness, and a soothing palette that makes every space feel warm and welcoming. The impeccable kitchen displays ample cabinetry, a tile backsplash, tiled countertops, and built-in appliances (including a wine fridge) for a seamless cooking and entertaining experience. The main bedroom boasts a private bathroom with double sinks for extra comfort. The balcony is the perfect spot for enjoying a refreshing drink and relaxing after a long day. Conveniently located close to Tempe Marketplace, Arizona State University, an abundance of retail, shopping, and easy access from the 101 and 202 Freeways.

1905 E University Drive Unit D216, Tempe

$229,900

2 Beds ⋅ 1 Baths ⋅ 7089408 MLS

Updated ground-level 2-bed, 1-bath condo in an ideal Tempe location! Features newer cabinets, granite countertops, and luxury vinyl plank flooring. Enjoy a spacious south-facing patio and a lush community with mature landscaping and 3 pools. Located across from Papago Park and within walking distance of Tempe Town Lake Marina, offering easy access to recreation, dining, and entertainment for a true urban lifestyle.

700 E Mesquite Circle Unit P114, Tempe

$142,000

3 Beds ⋅ 2 Baths ⋅ 7088917 MLS

10,000 Seller concession available with an acceptable offer! Beautiful 3 bedrooms and 2 bath home move-in ready in all age community and pet friendly is a must see! Offering a bright, open floor plan with new carpet and fresh paint throughout. The gorgeous kitchen features modern stainless steel appliances, quartz countertops, and freshly paint cabinets. The home comes with central AC to keep the home cool and comfortable on the heat season. Chaparral Village community offers clubhouse, playgrounds, volleyball court, basketball court, soccer field, swimming pool, and billiard room perfect for fun and relaxation.

400 W Baseline Road Unit 124, Tempe

$299,500

2 Beds ⋅ 2 Baths ⋅ 7087850 MLS

Remodeled, move-in ready and exceptionally well located! This true 2-bedroom, 2-bath townhome offers a stylish, updated interior with an open living space, modern kitchen, updated baths and thoughtfully designed finishes throughout. Enjoy your own private outdoor space and the ease of low-maintenance living in the heart of Tempe. Located near Hardy & Southern, just minutes from ASU, Sky Harbor Airport, shopping, dining and major freeways for easy access throughout the Valley. A turnkey Tempe home that combines location, style and convenience--ready for its next owner.

3306 S Parkside Drive, Tempe

$350,000

3 Beds ⋅ 2 Baths ⋅ 7087814 MLS

Turnkey and completely move-in ready! This single-level 3-bed, 2-bath townhome in University Royal Garden Homes offers 1,439 sq ft of low-maintenance living with no neighbors above. Inside, enjoy fresh neutral paint, wood-look plank floors, and a bright living room with skylights and floating shelves flowing into a dedicated dining area. The kitchen features dark wood cabinets and stainless appliances. The primary suite boasts new carpet, an ensuite bath with a walk-in shower, and a sliding door out to a private yard with artificial turf and paver patio. Complete with 2 covered carport spaces and an HOA covering exterior maintenance, front yard care, water, sewer, and trash. Walk out front to an extensive park and community pool. Put this on your list to see right away

606 E Colgate Drive, Tempe

$269,000

2 Beds ⋅ 1 Baths ⋅ 7087480 MLS

Welcome to this cozy, inviting Hudson Trace condo! Feel the good vibes and sensible style the moment you enter this bright, airy home featuring a 1-car garage, vaulted ceilings, and a spiral staircase to a flexible loft (ideal 2nd bedroom or office). Premium upgrades include a Bosch eco-friendly HVAC (2024), double-pane Jeld-Wen windows, new ceiling fans, and double French front doors with built-in blinds. The kitchen boasts granite countertops, a gray composite sink, and newer appliances, plus a new stackable washer/dryer (2025). The bathroom is beautifully updated with a new vanity, mirror, lighting, and toilet. Includes outdoor storage and a PRIME location at the convergence of the 101, 202, and US 60 freeways for an easy commute!

2333 E Southern Avenue Unit 2021, Tempe

$310,000

3 Beds ⋅ 2 Baths ⋅ 7087098 MLS ⋅ 1,088 SqFt.

Great location just minutes from freeway access, shopping, dining, and everyday conveniences. This charming duplex-style condo offers an inviting open floor plan with vaulted ceilings and a cozy fireplace, creating a comfortable living environment. The split primary bedroom provides added privacy and flexibility. Recent 2026 updates include carpet, vinyl flooring and fresh interior paint in neutral tones throughout. Enjoy the benefits of a quiet neighborhood along with community amenities including a private park and pool. A wonderful opportunity for comfortable, low-maintenance living in a convenient location! Owner Agent. Professional pictures coming.

1029 W Laguna Drive, Tempe

945 E Playa Del Norte Drive Unit 2007, Tempe

$399,000

2 Beds ⋅ 2 Baths ⋅ 7086894 MLS ⋅ 1,208 SqFt.

Luxury modern resort-style living on Tempe Town Lake! Step outside and jog or bike along the waterfront boardwalk, launch your kayak from your lakefront community, or simply relax and enjoy the incredible resort-style amenities. Surrounded by lush landscaping, the community features a cascading pool and spa overlooking the lake, a barbecue and entertaining area with bar, and a fully equipped fitness center. This beautifully updated 2 bedroom, 2 bath residence lives much larger than its square footage thanks to an impressive 250-square-foot east-facing patio, perfect for morning coffee, outdoor dining, and Arizona evenings complete with an exterior fireplace and additional storage. Inside, luxury upgrades continue with LVP flooring throughout, crisp white shaker cabinetry, granite counter tops, stainless steel appliances, custom bathroom vanities, subway-tiled showers in both bathrooms, fresh interior paint, and 5-inch baseboards. A full-size washer and dryer are conveniently located inside the unit. Whether you're looking for a full-time residence, lock-and-leave Arizona retreat, or a home surrounded by the energy and lifestyle of Tempe Town Lake, this one is a must-see!

945 E Playa Del Norte Drive Unit 2007, Tempe

$359,900

3 Beds ⋅ 2 Baths ⋅ 7086808 MLS

Location, convenience & classic Tempe charm! This well-cared-for 1,235 SF block bungalow offers 3 bedrooms, 2 baths & decades of pride of ownership--the previous owner called it home since the 1990s. The backyard may be the real surprise: peaceful, private & unbelievably relaxing--it truly must be experienced to be appreciated! A rear RV gate off the alley leads to a covered carport that could easily double as a second covered patio. Plus a 1-car garage! Just minutes from ASU, Tempe Town Lake, Old Town Scottsdale, shopping, dining & major freeways. A wonderfully cared-for Tempe home in an incredibly convenient location!

1247 E Valerie Drive, Tempe

$385,000

4 Beds ⋅ 2 Baths ⋅ 7086589 MLS ⋅ 1,248 SqFt.

Move in ready Tempe ranch with thoughtful updates. The kitchen features granite countertops, stainless steel appliances, a gas range, and breakfast bar. A split floorplan and single level layout adds everyday functionality. The backyard offers a covered patio, firepit, and clothesline, creating a functional outdoor space with area to entertain. With no HOA and convenient access to nearby shopping, dining, and major Tempe destinations, this home offers a great combination of updates, flexibility, and location.

2021 E 10th Street, Tempe

$370,000

2 Beds ⋅ 2 Baths ⋅ 7086484 MLS ⋅ 1,073 SqFt.

Attractive Single Level Townhome Features a Split Floor Plan with 2 Spacious Bedrooms, 2 Bathrooms, Inviting Great Room with Vaulted Ceilings and a 2 Car Garage. The Open Kitchen Offers a Breakfast Bar and Ample Cabinet Space, The Oversized Great Room Features a Cozy Fireplace, The Master Suite Offers Direct Access to the Covered Patio & A Remodeled Walk In Shower. Wonderful Outdoor Space Features Multiple Lounging Areas with a Gated & Private Courtyard with Artificial Turf & A Covered Patio. Enjoy the Inviting Community Pool & Easy Access to Shopping, Restaurants, Freeway Access & ASU.

6734 S Brittany Lane, Tempe

$299,000

1 Beds ⋅ 1 Baths ⋅ 7086281 MLS

Welcome to urban living at its finest in the heart of Tempe! Located at 420 W. First St #319, this spacious and stylish 1-bedroom, 1-bathroom condo with a full loft/den offers 1,035 square feet of thoughtfully designed living space. You'll love the soaring ceilings, true hardwood floors, and natural light that floods the open floorplan. The loft area includes a built-in Murphy bed--perfect for guests, a home office, or creative flex space. The kitchen is complete with a breakfast bar and refrigerator, making it ideal for casual dining and entertaining. Step outside to your private balcony and additional outdoor space, the perfect place to unwind and enjoy your morning coffee or evening sunsets.

420 W 1st Street Unit 319, Tempe

Start Your Search

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.