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$1,995 Just Listed
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Property Description
No Application Fees! Fully remodeled 2-bedroom, 2-bathroom single level Tempe townhome offering a clean, modern interior and a convenient layout. The home features tile flooring throughout with carpeting in one bedroom, complemented by neutral paint, updated fixtures, ceiling fans, and window blinds. The main living space flows naturally into the dining area and kitchen, creating an open and functional feel. The kitchen has been upgraded with quartz countertops, new cabinetry, tile backsplash, and a full appliance package including a ceramic top electric range and refrigerator. The primary suite offers a walk-in closet with built in organizer and a remodeled private bathroom. A private backyard with patio access provides additional outdoor space. Located in Tempe near Priest Drive and University Drive, this home offers excellent access to Arizona State University, Tempe Town Lake, Phoenix Zoo, and the light rail system. Close proximity to Loop 202 and I10 provides convenient commuting throughout the Valley, along with nearby shopping, dining, and entertainment options in Tempe and surrounding areas. All Denali Real Estate residents are automatically enrolled in the Resident Benefits Package (RBP) for $55.00/month which includes Renter's Liability Insurance, Credit Building to help boost the resident's credit scores with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery (for applicable properties), our best-in-class resident rewards program, and much more!
Full Property Details
Full Property Details for 423 S Terry Ln
General
- Rent: $1,995
- Status: Active
- Type: Townhouse
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7035935
- Updated: 6/1/2026
- Added to Site: Today
Interior
- Interior Features: High Speed Internet, Eat-in Kitchen
- Appliances: Refrigerator, Microwave, Electric Range, Disposal
- Furnishings: Unfurnished
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Location
- County: Maricopa
- Township: 1N
- Subdivision: MERCADO HOMES
- Cross Streets: Priest Dive & University Drive
Community
- Pet Restrictions: Lessor Approval
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Architectural Style: Contemporary,
- Exterior Const.: Stucco, Wood Frame, Painted
- Roof: Tile, Built-Up
- Windows: Blinds
- Sq. Ft. Source: Assessor
- Year Built: 1985
Lot Features
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,400
- Lot Size Source: Assessor
- Lot Features: None, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
Financial Considerations
- Security Deposit: $1,995
- Pet Deposit: $300
- Credit Check Amount: $40
- Earnest Deposit: $1,995
Disclosures and Reports
- Legal Description: LOT 4 MERCADO HOMES MCR 006030
- Property ID: 124-29-001-K
- Range: 4E
- Section: 16
- Lot Number: 4
Listed by Denali Real Estate, LLC
Schools
Schools serving 423 S Terry Ln
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Scales Technology Academy 1115 West 5th Street, Tempe, AZ 85281 | K-5 | 0.1 mi |
Geneva Epps Mosley Middle School 1025 South Beck Avenue, Tempe, AZ 85281 | 6-8 | 0.6 mi |
Tempe High School 1730 S Mill Ave, Tempe, AZ 85281 | 9-12 | 1.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price History for 423 S Terry Ln
Date
Details
Price
Change
Source
6/01/2026
Listed
$1,995
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
423 S Terry Lane, Tempe, AZ 85281 (MLS# 7035935) is a Townhouse property with 2 bedrooms and 2 full bathrooms. 423 S Terry Lane is currently listed for rent at $1,995 and was received on June 01, 2026. Want to learn more about 423 S Terry Lane? Do you have questions about finding other real estate for sale or rent in Tempe? You can browse all Tempe rentals or contact a Coldwell Banker agent to request more information.

