100 Best Apartments in Phoenix, AZ (with reviews)

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Average rent in Phoenix, AZ

$1,590/mo Phoenix, AZ average rental price, July 2022

The average monthly rent of apartments in Phoenix, AZ is $1,590.

Phoenix, AZ apartment rent ranges

About 41% of apartment rents in Phoenix, AZ range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 14% of apartments. Around 40% of Phoenix’s apartments are in the $1,001-$1,500 price range. 5% of apartments are priced between $701-$1,000.

Phoenix, AZ rent trends

Check out the average rent prices in Phoenix by neighborhood.

Compared to the national average rent of $1,706, the average rent in Phoenix, AZ is $1,590.

Local Guides for Renters

Top Neighborhoods in Phoenix

There’s a reason why “location, location, location” is every realtor’s mantra. And, when considering a move to Phoenix, AZ, it’s important to review and assess the different areas and neighborhoods in order to find...

7 Great Things to Do in Phoenix

Year-round warmth, historical sites, modern architecture, hundreds of entertainment options and emerging business opportunities — what’s not to love in Phoenix? This unique desert metro has rightfully gained its “Valley of the...

Best Restaurants in Phoenix

Aside from location, price and quality of living, good food and restaurants are usually a top selling-point for any city. And, while each region brings specific dishes to the table, the South is generally known as the hotspot...

Best Steakhouses in Phoenix

Sometimes, we stick to our New Year’s resolutions and go for nutritious salads; other times, we carpe diem and let ourselves crave a big, juicy steak. It’s called balance. And, if you’re a Phoenix local or are interested in...

Getting around in Phoenix, AZ

68 /100

Somewhat Walkable

46 /100

Some Transit

73 /100

Very Bikeable

Walk Score®: 68, Transit Score®: 46, Bike Score®: 73

Frequently asked questions

When were prices and availability in Phoenix, AZ last updated?

Prices and availability in Phoenix, AZ were last updated on 5 Dec 2022.

What are the best apartments in Phoenix, AZ?

The best apartments in Phoenix, AZ are: Boulders at Lookout Mountain Apartment Homes, Seventh Apartments, Urban 148, S29 and Roosevelt Square.

What is the average rent in Phoenix, AZ?

The average rent in Phoenix, AZ is $1,590. Start your search for apartments in Phoenix, AZ now.

What is the price range for a studio apartment in Phoenix, AZ?

The price range for a studio apartment in Phoenix, AZ is between $408 and $4,450. View all studio apartments in Phoenix, AZ.

What is the price range for a 1-bedroom apartment in Phoenix, AZ?

The price range for a 1-bedroom apartment in Phoenix, AZ is between $468 and $5,742. Browse all available 1-bedroom apartments in Phoenix, AZ now.

What is the price range for a 2-bedroom apartment in Phoenix, AZ?

The price range for a 2-bedroom apartment in Phoenix, AZ is between $561 and $6,692. Browse and find a 2-bedroom apartment in Phoenix, AZ.

What is the price range for a 3-bedroom apartment in Phoenix, AZ?

The price range for a 3-bedroom apartment in Phoenix, AZ is between $585 and $7,632. Browse all available 3-bedroom apartments in Phoenix, AZ.

What type of rental buildings are in Phoenix, AZ?

In Phoenix 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 18% of Phoenix’s apartments are found in large buildings of 50 units or more, 48% are located in smaller apartment complexes with less than 50 units, and 32% are single-family rentals.

What do typical apartment communities look like in Phoenix, AZ?

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, 34% 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 79% of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Phoenix, AZ?

Studio apartments in Phoenix are around 9% 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.

Phoenix, AZ in the news

Built-to-Rent Homes Expected to Hit All-Time High in 2022, Fueled by Need for Space and Privacy

The Phoenix metro is at the forefront of homes-for-rent development with a total of 6,420 houses in built-to-rent communities. The area is also a leading metro in new apartment construction, making it one of the top coveted areas for renters overall.

Would-Be Millennial Homebuyers Fuel the Rise of Lifestyle Renting in 2021

Phoenix continues to be an attractive destination to move to, especially for Millennials. In 2021, Phoenix had 39% more rental applications from Millennials who earn over $50,000. As home prices encourage members of this generation to embrace renting, Phoenix is ready to meet the demand, thanks to a surge in new apartments delivered this year alone.

Despite Challenges, 2021 New Apartment Construction Tops 330,000 for Fifth Consecutive Year

The Phoenix metro is the one to watch this year, coming in third with nearly 16,000 new apartments expected to be delivered this year. The metro had a quick and impressive climb to the top — in 2020, Phoenix was in 8th place nationally after taking 15th in 2019. Phoenix, the most notable metro, is projected to build a whopping 15,846 new units this in 2021 — considerably more than its deliveries in past years. Currently witnessing a housing boom and a population increase of 2.1%, the metro is set to meet the demand for new apartments in the area.

The Hottest Rental Markets in the U.S.: Mid-sized Hubs Take the Lead in Competivity

Five of the nation’s largest renter hubs are also among the 30 hottest apartment markets, and they’re all from the South and Southwest. Phoenix, AZ, made it to the ranking, with a competitive score of 39.5. The Arizona job hub’s rapid growth has attracted an increasing number of renters from surrounding states over the past few years. Most recently, the market’s rising tech sector has prompted a new nickname for the area, the Silicon desert, while the local economy weathered the pandemic better than in other large markets.

Year-End Report 2020: Rental Season Delayed and Cut Short, Gen Z Renters Overtake Gen X, and Big City Rents Drop

Phoenix’s average rent ($1,182) is still going strong, registering the most significant yearly surge among the nation’s 30 largest cities, 5.5%.

Renter's guide to Phoenix, AZ

Located in central Arizona, Phoenix is the state’s capital city. Its metropolitan area, often called the Valley of the Sun, also includes nearby towns like Mesa, Chandler, Scottsdale, and Tempe. Phoenix is known for its subtropical desert climate, thanks to its location right along the northeastern side of the Sonoran Desert. It is the cultural center of Arizona.

As the largest city in Arizona, Phoenix boasts a desert-like feel with all the amenities of a big city. It is the 5^th fastest growing city in the entire nation, having added approx. 25,000 residents from 2014 to 2015.

Boasting more than 1.5 million residents, Phoenix is the sixth-most populous city in the U.S. and the single largest city in Arizona. Phoenix proper encompasses 517 square miles of land – making it about 4 times the size of Las Vegas - while the entirety of the Phoenix metropolitan area includes more than 14,000 square miles.

There are many big cities within driving distance of Phoenix. Las Vegas is about 300 miles away, making it a mere few hours’ drive between the cities. From nearby Sedona and Tucson, it’s only about 100 miles, and from Dallas, Phoenix is 1,000 miles – or a 15-hour drive. For further distances, the Phoenix airport – Phoenix Sky Harbor International – offers national and international flights on more than 15 airlines.

Phoenix has a desert climate, meaning it has long, hot summers and short, very mild winter seasons. In the summer (June-September), temperatures average from 104 to 100. Winter, spring, and fall are slightly cooler, averaging between 66 and 95. On average, Phoenix has more 100-plus degree days than any other city in the country. It has very little rainfall.

Tips for renting in Phoenix, AZ

Phoenix renters are protected under the Residential Landlord & Tenant Act, which defines landlord and tenant obligations and prohibits landlords from retaliating against their renters. The city also offers landlord-tenant counseling and free educational workshops for renters.

If you’re moving from Dallas to Phoenix, you might be surprised to learn that security deposits are capped. Landlords can only charge you 1.5 month’s rent and it must be returned within 14 days after moving out. In Texas, there is no limit to security deposits, and they can be returned as late as 30 days after move-out.

Phoenix, AZ demographics

1,658,422Total Population
830,337 Female

828,085 Male
33.9Median Age

Phoenix, AZ has a population of 1,658,422 according to the most recent data from the U.S. Census Bureau. 830,337 of Phoenix’s residents are women and 828,085 are men. The median age of those who live in Phoenix, AZ is 33.9.

Living in Phoenix, AZ

With a population jump of more than 8 percent between 2010 and 2015, there’s a reason why Phoenix is the second-fastest growing city in the country. Learn more about what moving to – and living in – Phoenix is really like.

Living in Phoenix – Pros and Cons
Like any city, Phoenix has its pros and cons. On the good side, it’s always sunny and rarely ever rainy, there are few bugs and in-home pests, and it’s close to Nevada, New Mexico, and California, making road trips and vacations a breeze. The city is also known for having very clean roads and a great selection of restaurants and shops.

The hot temperatures and arid climate are the city’s main disadvantages, as they make the summer season pretty uncomfortable for many residents. Many in Phoenix also yearn for the foliage and flora often seen in other major cities.

Phoenix, AZ households

370,384 Family

210,451 Non-family
207,741 Children

373,094 No Children

580,835Total Number of Households
2.82Average People Per Household
$60,914Median Household Income

According to U.S. Census data, there are 580,835 households in Phoenix, AZ. 370,384 are family households and 210,451 are non-family households. There are 207,741 households with children in Phoenix and 373,094 households without children. On average, about 2.82 people live in a household in Phoenix, AZ.

Things to do in Phoenix, AZ

Phoenix, like most major U.S. cities, is full of things to do for all ages.
Phoenix is known for its many stately mountains, like Camelback Mountain, Piestewa Peak, and South Mountain. Each offers a great view and plenty of hiking and climbing opportunities. Chase Field, where the Arizona Diamondbacks play, is also a top commodity during baseball season.
One of the best things to do in Phoenix is to catch a Phoenix Suns game. The well-known NBA team plays at Talking Stick Resort Arena from October through May (longer if they make the playoffs!)
If you’ve got kids, the fun never stops in Phoenix. Just a few of its many kid-friendly attractions include the Phoenix Zoo, the Wet and Wild water park, and the Arizona Science Center, which offers an IMAX theater, a planetarium and hands-on exhibits.
For those in need of a good date night, Phoenix has plenty to offer. The Phoenix Symphony is a romantic option for music lovers, while Equinox Hot Air Balloon Rides are a great choice for the adventurous types. Castles N’ Coasters is fun option as well, offering rides, mini golf and an arcade.
If you’re on a tight budget, you’re in luck: Phoenix has plenty for the strapped-for-cash. Outdoorsy types can take a hike around Camelback Mountain, snapping photos or just getting in a great workout. For the more artsy folk, the Phoenix Art Museum offers free admission every Wednesday from 3 to 9 pm.
Phoenix is home to a few annual events, including the Phoenix Comicon, the Phoenix Marathon, the Arizona State Fair and Phoenix Zoo Lights, a holiday celebration boasting 3D light sculptures, holiday music, ice sculpting, camel rides and more.

Apartments for Rent in Phoenix, AZ 3,591 Rentals Available

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