Prices and availability in Phoenix, AZ were last updated on 17 Sep 2026.
The best apartments in Phoenix, AZ are: Solara, Boulders at Lookout Mountain Apartment Homes, Refinery at Pointe17, Element Deer Valley and Colter Park Apartments.
The average rent in Phoenix, AZ is $1,507.
The price range for a studio apartment in Phoenix, AZ is between $540 and $5,510.
The price range for a 1-bedroom apartment in Phoenix, AZ is between $340 and $6,801.
The price range for a 2-bedroom apartment in Phoenix, AZ is between $340 and $12,929.
The price range for a 3-bedroom apartment in Phoenix, AZ is between $562 and $14,772.
In Phoenix, 43% of the residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 25% of Phoenix's rentals, 45% are small-scale complexes with under 50 units, and 28% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Phoenix are about 30 years old, on average. Of these, 40% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 93% of the rental communities here are low-rise, garden-style communities, 8% are mid-rises, and 3% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Phoenix are around 8% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 41% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
