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Home / Phoenix, AZ Area Apartments / Tempe / Vela at Tempe Town Lake
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Updated 5 hours ago

Vela at Tempe Town Lake


555 N College Ave Tempe, AZ

Studio - 2 Bed
•
1 - 2 Bath

543 - 1,206 Sq. Ft.

Available Now
Deal

Up To 10 Weeks FREE! *Restrictions Apply.
Floor plans
Studio • 1 Bath
$1,460 - $1,650
543 ft2
9 Available
Unit 1015
$1,496
Available Now
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Unit 4017
$1,650
Available Now
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Unit 3021
$1,486
Available Now
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Unit 3025
$1,640
Available Now
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Unit 1019
$1,605
Available Now
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Unit 3013
$1,460
Available Now
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Unit 3001
$1,595
Available Feb 13th, 2026
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Unit 4021
$1,650
Available Feb 23rd, 2026
View
Unit 2015
$1,645
Available Feb 27th, 2026
View
View Rented Units
Studio • 1 Bath
$1,486
574 ft2
1 Available
Unit 3012
$1,486
Available Apr 4th, 2026
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1 Bed • 1 Bath
$1,568 - $1,778
693 ft2
6 Available
Unit 2006
$1,573
Available Now
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Unit 3011
$1,668
Available Now
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Unit 2003
$1,768
Available Now
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Unit 2031
$1,568
Available Feb 13th, 2026
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Unit 1012
$1,728
Available Feb 13th, 2026
View
Unit 1040
$1,778
Available Feb 28th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,647 - $1,847
739 ft2
4 Available
Unit 4042
$1,793
Available Now
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Unit 4041
$1,847
Available Now
View
Unit 3043
$1,787
Available Now
View
Unit 4045
$1,647
Available Feb 22nd, 2026
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View Rented Units
1 Bed • 1 Bath
$1,686 - $1,926
753 ft2
5 Available
Unit 3029
$1,799
Available Now
View
Unit 1037
$1,881
Available Feb 11th, 2026
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Unit 5006
$1,926
Available Feb 11th, 2026
View
Unit 1029
$1,881
Available Feb 28th, 2026
View
Unit 1014
$1,686
Available Apr 9th, 2026
View
View Rented Units
1 Bed • 1 Bath
$1,830 - $1,963
900 ft2
2 Available
Unit 2070
$1,830
Available Feb 13th, 2026
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Unit 2051
$1,963
Available Mar 15th, 2026
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2 Beds • 2 Bath
$2,723
1090 ft2
2 Available
Unit 2028
$2,723
Available Now
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Unit 2024
$2,723
Available Feb 20th, 2026
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View Rented Units
2 Beds • 2 Bath
$2,088 - $2,768
1087 ft2
3 Available
Unit 1004
$2,088
Available Feb 13th, 2026
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Unit 1013
$2,280
Available Feb 13th, 2026
View
Unit 4028
$2,768
Available Apr 4th, 2026
View
View Rented Units
2 Beds • 2 Bath
$2,259
1176 ft2
1 Available
Unit 5002
$2,259
Available Mar 13th, 2026
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View Rented Units
2 Beds • 2 Bath
$2,277
1206 ft2
1 Available
Unit 3038
$2,277
Available Mar 14th, 2026
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Where you'll live
Street View
Map View
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Vela at Tempe Town Lake
Vela at Tempe Town Lake
Vela at Tempe Town Lake
Amenities
Meeting & Entertainment Rooms With Gorgeous
Split Master Floor Plans
Kitchen Prep Island With Pendant Lighting
Beautiful Lakefront Views
Pool With Spa Cabanas
Fitness & Wellness Center With Peloton Bikes & Fitness Instruction Available
Plush Outdoor Seating With Gas Fire Pits
Stainless Appliances
Easy Access To Tempe Town Lake Beach & Amenities
Area, Tv's, & Serene Water Features
Ev Charge Stations
Spectacular Views
Spacious Walk-in Closets
Gourmet Kitchens
Designer Color Schemes
Quartz Countertops
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Number Limit:

2

Parking
Off-street Parking
Lease & Fees
Lease Length:

3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15

Property details
Description

Welcome to Vela at Tempe Town Lake, where modern living meets serene lakeside views. Located just steps away from Tempe Town Lake, our community offers a variety of spacious studio, one-bedroom, and two-bedroom homes designed to fit your lifestyle. Enjoy thoughtfully curated interiors with modern finishes, alongside an array of spa-inspired amenities that elevate your living experience. Whether you're looking to relax by the pool, unwind in our state-of-the-art fitness center, or explore the vibrant Tempe neighborhood, Vela provides the perfect place to call home.

Additional Details
Total Unit Count: 290
Last Updated: Updated 5 hours ago
Contact Number: (520) 438-5748
Office Hours
Sunday: 10:00 AM - 4:00 PM
Monday: 9:30 AM - 5:30 PM
Tuesday: 9:30 AM - 5:30 PM
Wednesday: 9:30 AM - 5:30 PM
Thursday: 9:30 AM - 5:30 PM
Friday: 9:30 AM - 5:30 PM
Saturday: 9:00 AM - 5:00 PM
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Triad Wireless, LLC 300.0 50.0
CenturyLink, Inc. 60.0 5.0
ViaSat, Inc. 35.0 3.0
Gutierrez-Palmenberg, Inc. 25.0 3.0
Hughes Network Systems, LLC 25.0 3.0
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Vela at Tempe Town Lake by bedroom type below.
Studio
Suggested income:
$56,600
per year
1 Bedroom
Suggested income:
$63,800
per year
2 Bedroom
Suggested income:
$88,000
per year
Rent report

Vela at Tempe Town Lake Rent vs. Tempe Average

 Vela at Tempe Town Lake      Tempe Average
Studio
$1,571
$1,646
$0
$550
$1,100
$1,650
$2,200
1BR
$1,772
$1,848
$0
$650
$1,300
$1,950
$2,600
2BR
$2,445
$1,985
$0
$800
$1,600
$2,400
$3,200

Vela at Tempe Town Lake is asking 5% less than the average studio apartment in Tempe.

If you upsized to an average priced Tempe 1 bedroom apartment, you would pay 11% more per month.

Vela at Tempe Town Lake provides 1% less square footage than the average Tempe studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Vela at Tempe Town Lake
Studio $1,571 $2.90 $4,714
1BR $1,772 $2.40 $5,316
2BR $2,445 $2.20 $7,336
Tempe Average
Studio $1,646 $3.00 $4,939
1BR $1,848 $2.40 $5,543
2BR $1,985 $1.90 $5,954
3BR $3,077 $2.10 $9,232
4BR $3,221 $1.70 $9,664

Availability in Tempe

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 835 2BR units on the market in Tempe. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
11% 37% 38% 9% 3%
Available Units in Tempe
Studio 247
1BR 832
2BR 835
3BR 191
4BR 76
Location
Nearby Colleges

Arizona State University

Arizona State University Skysong

Rio Salado College

University Of Phoenix Arizona

Gateway Community College

Campus Buildings and Attractions
Distance Walking Biking Driving
Sun Devil Football Stadium 1.2 mi 30 min 10 min 4 min
Noble Library 1.6 mi 31 min 10 min 4 min
Hayden Library 1.8 mi 35 min 13 min 6 min
Memorial Union 1.8 mi 36 min 12 min 5 min
Sun Devil Fitness Complex 1.9 mi 36 min 12 min 5 min
Nearby Hospitals
Name Distance
Tempe St Luke's Hospital, A Campus Of St Luke's Medical Center 1.65 mi.
Ban NER Behavioral Health Hospital 3.41 mi.
Scottsdale Healthcare Osborn 3.73 mi.
Nearby Fire Stations
Name Distance
City Of Tempe Fire Department 1.31 mi.
City Of Tempe Fire Department 1.65 mi.
General Dynamics Decision Systems Fire Department 2.59 mi.
FAQs
Is this property currently leasing units?
Yes. There are 34 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 33 units available for move-in over the next 2 months. 14 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 543 to 1,206 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,460 to $2,768. Vela at Tempe Town Lake has studio units available starting at $1,460, 1 bedroom units available starting at $1,568, and 2 bedroom units available starting at $2,088.
Where is this property located?
This property is at 555 N College Ave in Tempe, AZ. It's 2.5 miles northwest from the center of Tempe.
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