Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 6 May 2026.

The best apartments in Phoenix, AZ are: Element Deer Valley, Boulders at Lookout Mountain Apartment Homes, Solara, 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 $7,214.

The price range for a 2-bedroom apartment in Phoenix, AZ is between $537 and $15,694.

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 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.