Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 4 May 2026.

The best apartments in Phoenix, AZ are: Boulders at Lookout Mountain Apartment Homes, Solara, Element Deer Valley, Oakridge Apartments and Refinery at Pointe17.

The average rent in Phoenix, AZ is $1,507.

The price range for a studio apartment in Phoenix, AZ is between $458 and $6,000.

The price range for a 1-bedroom apartment in Phoenix, AZ is between $507 and $6,554.

The price range for a 2-bedroom apartment in Phoenix, AZ is between $528 and $15,999.

The price range for a 3-bedroom apartment in Phoenix, AZ is between $526 and $18,000.

In Phoenix 43% of the housing is rented out compared to 57% of homes are owned, according to the most recent Census Bureau estimates. 23% of Phoenix's apartments are found in large buildings of 50 units or more, 46% are located in smaller apartment complexes with less than 50 units, and 28% are single-family rentals.

The average age of rental buildings in Phoenix is 30 years old, with 40% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 93% are garden-style apartment communities, 8% are mid-sized buildings, and 3% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.