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Tempe Homes for Sale Under $500,000 in Tempe Arizona

Below are ALL of the Newest Tempe Homes for Sale Under $500,000 in Tempe Arizona from our Realtor MLS UPDATED EVERY 5 Minutes!  That means EVERY home from EVERY Real Estate Company that is currently for Sale.

The listings below include ALL homes for Sale in Tempe, Tempe Condos, Tempe Foreclosures, Tempe Short Sales and Luxury homes in Tempe.  You can filter your search at the top of this page by price, size, etc.  Check out the popular 1-Click searches like Tempe Homes for Sale with a Pool or Horse Property for Sale in Tempe Arizona

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Newest Tempe Homes for Sale Under $500,000

$499,900
3 Beds 2 Baths 7057754 MLS 1,862 SqFt.
Welcome to 326 E. Huntington Dr., Tempe, AZ 85282, a beautifully renovated, move-in ready townhome that perfectly blends modern updates with comfort, style, and convenience. Thoughtfully updated with today's buyer in mind, this turnkey property features tasteful finishes, an inviting floor plan, and spacious living areas designed for both everyday living and entertaining. Enjoy peaceful mornings and relaxing evenings on the private patio, which backs to a beautifully landscaped community green space, creating a serene extension of your backyard. Nestled in a quiet, well-maintained subdivision, this home offers the ideal balance of privacy and accessibility. Location is everything, & this home delivers. Situated in the heart of Tempe, you'll be just minutes from Arizona State University Tempe Marketplace, Mill Avenue, Sloan Park, and the scenic trails and recreation at Tempe Town Lake. Commuters will appreciate quick access to Loop 101, Loop 202, US-60, and I-10, making travel throughout the Valley effortless. The area is also known for its vibrant dining scene, entertainment, shopping, and year-round community events. Whether you're a first-time homebuyer, investor, professional, or someone looking to downsize without compromising on quality, this exceptional townhome offers low-maintenance living in one of the Valley's most desirable locations. Stylish, updated, and truly move-in ready, this is a home you'll be proud to own.

326 E Huntington Drive, Tempe

$359,900
2 Beds 1 Baths 7051672 MLS 798 SqFt.
GREAT NEW PRICE!! FULLY UPDATED, MOVE-IN READY, and loaded with value in the heart of Tempe! Located just minutes from ASU, Tempe Marketplace, Tempe Town Lake, Sky Harbor Airport and the 101, 60 and I-10 freeways, this charming home offers modern updates, versatility, and NO HOA. The nicely remodeled kitchen features white cabinetry, subway tile backsplash, a 5-burner gas cooktop & stainless steel appliances, including a new LG refrigerator. Additional upgrades include an updated bathroom, a tiled walk-in shower, energy-efficient dual-pane windows, wood-look tile and luxury vinyl plank flooring throughout, new interior window coverings and ceiling fans in every room, updated lighting, two decorative premium steel screen doors, a new side-yard storage shed, new corrugated steel side-yard fencing, new breezeway gate to secure backyard and a new perimeter fence--makes this home truly move-in ready. A rare highlight is the 140-square-foot detached, climate-controlled flex space (not included in the home's livable square footage) featuring its own private entrance, mini-split HVAC system, new drywall, insulation, fresh interior paint, and baseboards. This versatile space is ideal for a home office, fitness room, art or music studio, private guest retreat, or roommate space. With desirable R-4 zoning, it also offers outstanding potential for future ADU conversion (buyer to verify). Whether you're searching for the perfect home for your ASU student and roommates, a first-time home, a lock-and-leave residence, or an exceptional investment opportunity, this Tempe gem offers comfort, flexibility, and long-term value in one of the city's most sought-after and growing locations. Don't miss your opportunity to own this adorable home!

1116 S Holbrook Lane, Tempe

$299,900
2 Beds 1 Baths 7051188 MLS 918 SqFt.
Hip, stylish and perfectly located, this move-in ready Tempe condo checks all the boxes! This rare single level home has no interior stairs and includes a 1car attached garage, making everyday living as convenient as it is comfortable. Situated near Southern Ave & Loop 101, you'll be less than 5 miles from ASU, Mill Avenue, Tempe Town Lake and some of the Valley's best restaurants, shopping, nightlife and entertainment. Inside, you'll love the light-filled open floor plan with upgraded laminate flooring throughout the main living areas and a cozy fireplace that creates the perfect gathering space. The oversized kitchen is a standout feature, offering far more space than you'd expect in a condo. Complete with quartz countertops, stainless steel appliances, a breakfast bar and a generous pantry, it's designed for both everyday living and entertaining. A full-sized in-unit washer and dryer add even more convenience. Both bedrooms are spacious with abundant natural light, while the bright, well-maintained bathroom offers a fresh, timeless feel. The resort-style community features a sparkling pool, heated spa, fitness center and beautifully maintained grassy common areas, giving you the perfect place to relax or stay active. The HOA includes water, sewer and trash, helping keep your monthly expenses lower. Even better, this community is eligible for FHA, VA and conventional financing, making homeownership more accessible for a wide range of buyers. Whether you're a first-time buyer, ASU student or faculty member, busy professional or investor, this Tempe gem delivers the perfect combination of style, location, affordability and low-maintenance living.

2333 E Southern Avenue Unit 1043, Tempe

$495,000
4 Beds 2 Baths 7051145 MLS 1,200 SqFt.
Do NOT disturb tenants, DRIVE-BY ONLY! Rare opportunity to own a home in the heart of Tempe WITH A STUDIO CASITA - close to ASU! Very charming, low maintenance & UPDATED!! This would make a great rental investment (currently rented for $2,500/mo) or live in the home and rent the casita for rental income; or use the casita as you like! AMAZING LOCATION: A short 2 min walk to the Blue Orbitz Bus (with connections to the Light Rail) and Valley Metro Bus pickups! Less than a mile to the 202! Just a 5 min drive to Sky Harbor Airport, 10 min drive to Downtown Phoenix and Old Town Scottsdale! Only a 5 min walk to the Light Rail, Mill Ave restaurants, shopping and nightlife, Tempe Beach Park and the ASU campus! Large concrete rear patio and new synthetic grass yard - with lots of room for pets, play, entertaining and more. New in 2023: fully remodeled kitchen and casita; all new interior doors, hardware, blinds, lighting, ceiling fans, interior and exterior painting; and newer roof and AC! Open, bright and very well maintained. Vaulted ceilings, warm custom paint tones and attractive low maintenance tile flooring throughout. Kitchen boasts gas cooking, all newer white shaker cabinets with quartz countertops, undermount sink, and ample cabinet and counter space. Bedrooms are generously sized with ceiling fans in each, and closet organizers. Private indoor laundry. Fully enclosed front and rear yards with no fuss landscaping. No HOA. This gem is a great combination of style and location - see it and make it yours - won't last long!! More photos coming soon!

315 S Beck Avenue, Tempe

$385,000
2 Beds 3 Baths 7049338 MLS 1,242 SqFt.
Life feels a little different at The Lakes. Imagine morning walks around the water, afternoons by the Olympic-size pool, pickleball with friends, neighborhood events, and evenings spent enjoying one of Tempe's most beloved lake communities. With scenic lakes, mature trees, lush greenbelts, walking paths, a private Beach & Tennis Club, fitness center, boating, fishing, tennis, pickleball, basketball, racquetball, an active swim team, and a full calendar of clubs and activities, it's easy to see why so many people love calling The Lakes home. Tucked near the back of the community, this move-in ready two-story townhome offers the perfect blend of comfort, privacy, and low-maintenance living. Step inside to a welcoming living room featuring fresh interior paint throughout, brand-new carpet, updated laminate flooring in the living area, and a convenient main-floor powder room. The kitchen blends timeless style and everyday function with white cabinetry, granite countertops, stainless steel appliances, and an adjoining dining area that opens to a spacious, fully enclosed private patio--perfect for entertaining, relaxing, or enjoying Arizona's beautiful weather year-round. Upstairs, you'll find two true primary suites, each with its own private bathroom, walk-in closet, ceiling fan, and laminate flooring, creating a flexible layout that's ideal for guests, roommates, working from home, or simply enjoying the comfort and privacy of two spacious bedroom suites. Just minutes from ASU, Tempe Marketplace, Downtown Tempe, shopping, dining, entertainment, and convenient access to US-60, Loop 101, and I-10, this home offers more than just a place to live--it offers a lifestyle.

5619 S Admiralty Court Unit C, Tempe

$495,000
3 Beds 2 Baths 7047254 MLS 1,524 SqFt.
Beautifully updated and move-in ready, this light, bright, single-level home offers the perfect blend of comfort and style in a highly desirable Tempe location! Step inside to an open great room concept with separate den/office space and abundant windows for lots of natural light. The large primary suite serves as a private retreat, featuring a large walk-in closet and a luxurious ensuite bath with separate tub and shower new vanity, walk in shower and separate water closet. The updated kitchen includes new granite counter tops and backsplash, new SS Brushed Nickel Kitchen Sink, & faucet, pantry, breakfast bar, dining nook with bay windows and ample cabinet space. New carpet in all 3 bedrooms, updated light fixtures, ceiling fans, new master vanity, shower door, & new hardware throughout. Enjoy the indoor-outdoor living with a covered patio overlooking your backyard oasis. The play pool is perfect for year-round enjoyment, while the adjacent astro turf play area provides low-maintenance space for pets, play, or relaxing outdoors. Additional highlights include easy care desert landscaping with front and back irrigation systems, block fencing, split floor plan, inside laundry, and a 2-car garage. Ideally located close to shopping, dining, and entertainment, you'll love being just minutes from Costco, popular local eateries, and major commuter routes. This beautifully updated Tempe gem truly has it all!

7139 S Parkside Drive, Tempe

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