Reflecting the wonderful Vijayanagara style temple architecture, Achyuta Raya's Temple was the last mesmerizing temple built during the rein of the Vijayanagar empire, before it declined. The temple was built in 1534 AD by an officer of Achyuta Raya's court and is the most advanced form of the temple in Hampi. It was built in honor of Lord Tiruvengalanatha, a form of Lord Shiva.

Achyuta Raya's Temple is notable for its beautiful 'Prakaras', which are the elevated enclosures. The external prakara of the temple has an arresting gopuram in the north direction. And the internal prakara has three wonderful gopurams in its three directions- east, west and south. The grand pillars inside the prakaras also deserve mention. The peaceful temple complex and the ruined market street in front of it offer age-old charm. The temple offers picturesque views of the Gandhamadana and Matanga hills.

The sanctum sanctorum of the temple is situated between the two rectangular courtyards. Both the courtyards boasts of fascinating pillars. There are two huge ruined towers near the courtyards, which are quite impressive. The central hall of the temple is known for its exquisitely carved pillars, which are considered to be the architectural marvels in Hampi. Also attractive are the pillars outside the central hall as they depict lion faced Yalis standing on elephants.