Tempe Homes under $400,000

Welcome to Tempe, Arizona – a vibrant city that perfectly blends a rich cultural heritage with modern living. Nestled in Maricopa County, Tempe is renowned for its stunning desert landscapes, thriving arts scene, and a plethora of outdoor activities. With its sunny climate and picturesque views of the iconic Camelback Mountain, Tempe offers a lifestyle that is as inviting as it is exciting.

One of the most appealing aspects of Tempe is its diverse real estate market, particularly for first-time homebuyers and those looking for affordable options. If you're searching for homes under $400,000, you’ll find a variety of charming properties that cater to different tastes and lifestyles. From cozy single-family homes in family-friendly neighborhoods to contemporary condos near the bustling downtown area, Tempe has something to suit everyone’s needs.

Living in Tempe means you’ll have access to top-notch educational institutions, including Arizona State University, which enriches the community with a youthful energy and a wealth of cultural events. Enjoy the vibrant nightlife, with an array of restaurants, bars, and entertainment options just minutes from your doorstep. Plus, with beautiful parks and recreational areas, you can indulge in outdoor adventures like hiking, biking, and even paddleboarding on Tempe Town Lake.

With its affordable housing options and a lifestyle that celebrates both relaxation and excitement, Tempe is the perfect place to call home. Discover your dream home in this dynamic city and embrace all that Tempe has to offer!

Newest Tempe Homes under $400,000

$175,000

1 Beds ⋅ 1 Baths ⋅ 7091288 MLS

Clean 1 bedroom upstairs unit in Scene One Condominiums. Enter to spacious living room and eat-in kitchen with bar. Vinyl flooring throughout, no carpet in unit. Washer & Dryer in unit. Fantastic Tempe location just minutes from ASU campus, Tempe Marketplace, and loop 202. Great area for entertainment, dining, shopping and more. Unit is just steps away from fenced community pool and spa!

700 W University Drive Unit 243, Tempe

$170,000

1 Beds ⋅ 1 Baths ⋅ 7090788 MLS

This 3rd floor unit offers an affordable opportunity in a highly accessible Tempe location, with convenient access to Arizona State University, dining, shopping, entertainment, recreation and public transportation. Enjoy community amenities including a pool while being close to energy and activity of the ASU campus, Mill Ave, Tempe Town Lake and surrounding attractions. PRICED TO SELL, THIS PROPERTY IS WORTH A LOOK!!

200 E Southern Avenue Unit 335, Tempe

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

$339,000

3 Beds ⋅ 2 Baths ⋅ 7089013 MLS

Single-level Tempe home with NO HOA! This 3 bed, 2 bath home offers 1,260 sq ft with no interior steps, new dark wood-look laminate flooring, and new light fixtures in the kitchen and baths. Roof replaced 2016, HVAC 2015. Eat-in kitchen with a brand-new, never-used dishwasher (installed 2026); refrigerator, washer and dryer stay. Primary bedroom has a walk-in closet and 3/4 bath. Private backyard with covered patio and storage, 2-car carport with rear alley access and low-maintenance gravel landscaping. Solid block construction. Dwight Park, with its walking path, playground, sports fields and shade trees, is about a 3-minute walk away. Close to grocery, shopping, the public library and bus stops, and about 3 miles to ASU.

3710 S Wilson Street, 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

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

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