Rents in Phoenix, AZ remain affordable overall, averaging $910 per month, according to Yardi Matrix, a multi-family property intelligence provider. Though Yardi Matrix predicts a 5.4% rent increase this year, housing prices here are still at a half or a third of those in other major metro areas, especially in California.
If you’re in the market for an apartment for rent in Phoenix, whether you are looking for a little space or a lot, we found the best apartments available right now in every size. Every one of these communities is set in some of the best locations in town and they offer bonus amenities, like dog parks, spa/hot tub, or community vegetable gardens. And the best part is, your monthly rent would be below the average price for that unit type.
Here are our top picks of the best rental finds available right now in Phoenix:
Monthly rent for a studio: $550 (compare to $609 the average price for studios for rent in Phoenix)
Located in the desirable Camelback East Village, right in the heart of the Biltmore, Paradise Palms offers the convenience of being close to shopping, dining and the 51 Freeway. This is a lovely, pet-friendly community where residents can enjoy a pool, covered parking, grilling stations, and a bark park.
Monthly rent for a 1-bedroom: $585 (compare to $794 the average price for 1-bedroom apartments for rent in Phoenix)
If you would like to be within a 10-minute drive to downtown Phoenix via I-10, Stonybrook is worth a look. This inviting community has lush tropical foliage and beautiful stone waterscapes, 2 swimming pools with sundeck, 24-hr fitness center, BBQ areas, 2 playgrounds, contemporary open-concept apartments with fully-equipped kitchens and balconies.
Monthly rent for a 2-Bedroom 2-Bath: $875 (compare to $1,020 the average price for a 2-bedroom 2-bath apartment for rent in Phoenix)
Centrally located, the apartments at Aura offer not only convenience, but lots of amenities: 3 community pools, fitness center, boccee ball, tetherball, covered parking, and a community vegetable garden. If you’re into retro design, you will enjoy these newly renovated and spacious 2-bedroom units. Priced between $875 and $925 per month, the 2-bedroom 2-bath floor plans offer 1,044 to 1,110 square feet of living space.
Monthly rent for a 3-bedroom: $984 (compare to $1,289 price for 3-bedroom apartments for rent in Phoenix)
Just a little bit further away from downtown you will find this appropriately-named community, The Retreat. This property is proof that you don’t have to pay top-dollar for a luxury apartment and extravagant amenities. Residents here get to enjoy a resort-style swimming pool, with cabanas, spa/hot tub, sundeck, nicely maintained common areas and BBQ/picnic areas, as well as in-unit perks such as washer/dryer, dishwasher, fireplace, and large closets.