100 Best Apartments in Phoenix, AZ (with reviews)

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Apartments in Downtown Phoenix $2,066
Apartments in Biltmore $1,646
Apartments in Ahwatukee Foothills $1,725
Apartments in Alhambra $1,316
Apartments in Camelback East $1,574
Apartments in Deer Valley Village $1,470
Apartments in Encanto Village $1,681
Apartments in Maryvale $1,368
Apartments in North Mountain Village $1,388
Apartments in Paradise Valley Village $1,527

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Average rent in Phoenix, AZ

$1,558/mo Phoenix, AZ average rental price, July 2023

The average monthly rent of apartments in Phoenix, AZ is $1,558.

Phoenix, AZ apartment rent ranges

About 38% of apartment rents in Phoenix, AZ range between $1,501-$2,000. Meanwhile, apartments priced over > $2,000 represent 12% of apartments. Around 46% of Phoenix’s apartments are in the $1,001-$1,500 price range. 4% 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 $1,726, the average rent in Phoenix, AZ is $1,558.

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 the one that fits your exact needs. The good news is that there are a number of top neighborhoods in Phoenix […]

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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 relocating and are currently looking at apartments in Phoenix, the good news is that this […]

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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 for good eating and real, hearty food — and Arizona is no exception. If you’re looking at […]

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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 Sun” status and is now one of the fastest-growing cities in the United States. So, if you’re about to relocate and are looking […]

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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 22 Sep 2023.

What are the best apartments in Phoenix, AZ?

The best apartments in Phoenix, AZ are: Roosevelt Square, Boulders at Lookout Mountain Apartment Homes, Vista Ridge Apartments, Casa Azure 55+ Apartments and Aviara Flats.

What is the average rent in Phoenix, AZ?

The average rent in Phoenix, AZ is $1,558. 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 $414 and $4,707. 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 $7,331. 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 $468 and $7,493. 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 $561 and $10,091. Browse all available 3-bedroom apartments in Phoenix, AZ.

What type of rental buildings are in Phoenix, AZ?

In Phoenix, 44% of the residents are renting compared to 56% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 19% of Phoenix’s rentals, 48% are small-scale complexes with under 50 units, and 31% 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, 35% 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 94% 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

New Build-to-Rent Homes Hit Record With 3 Times as Many Houses Under Construction

Phoenix is the leading metro when it comes to build-to-rent houses, tripling its number of single-family homes for rent between 2018 and 2022. This means that, out of the more than 8,200 build-to-rent units in the metro, more than 6,000 opened their doors in the last five years. In Phoenix, the prequel to the trend of build-to-rent homes was the housing crisis of 2008. Institutional investors bought two-thirds of the homes (about 20,000 units) that were no longer owner-occupied after the Great Recession, according to the Urban Institute. And, since then, greater Phoenix’s significant population growth — 5.8% between 2016 and 2021 — and its developing suburbs have created a high demand for single-family rentals. In response, the metro has attracted new, out-of-state investors like New York-based Mack Real Estate Group LLC, which is planning to build 735 rental homes in Phoenix

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.

Living in Phoenix, AZ

As the fifth-largest city in the U.S. and the capital of Arizona, Phoenix is an appealing city to rent in. A multicultural hub, Phoenix provides a rich cultural scene with year-round festivals and diverse cuisine options. Additionally, the outstanding educational and health care facilities, as well as an extensive job market, attract renters looking to further their education and careers. At the same time, numerous parks and trails - like Camelback Mountain and South Mountain Park - put renters close to outdoor recreation spaces. And, with lower housing prices, utilities and transportation costs compared to other major cities, renting in Phoenix allows renters to be close to big-city amenities without the high costs that come with it. Phoenix has a desert climate characterized by very hot and long summers and mild and comfortable winters. Temperatures vary from 45°F to 107°F, with minimal rain and no snow year-round.

Renting in Phoenix, AZ

The rental market in Phoenix is competitive and versatile, with everything from modern studio apartments in skyscrapers to multiple-bedroom historic homes. For renters looking to be amid the main events, downtown Phoenix, Midtown, and Uptown offer a mix of high-rise apartments and historic buildings close to cultural institutions, restaurants, nightlife and major employers. Or, spacious rentals in Phoenix are available in the more rural areas, where neighborhoods like Ahwatukee Foothills Village, Paradise Valley Village, and Camelback East Village have single-family rental homes near schools and recreational options. Notably, by Arizona law, landlords can ask for a security deposit and prepaid rent, but their total amount cannot exceed 1.5 months' rent. Utilities are usually paid outside of the monthly rent, while the maintenance of the rental unit is usually the landlord's responsibility.

Shopping in Phoenix, AZ

As a capital city, Phoenix has an extensive shopping scene, with everything from luxury designer stores to local boutiques. Specifically, Desert Sky Mall, Christown Spectrum, Desert Ridge Marketplace, and Happy Valley Towne Center are some of the shopping malls in Phoenix where renters can find names like Anthropologie, Aldo, Buckle, Torrid, Forever 21 and many more. Or, Biltmore Fashion Park is an upscale outdoor shopping center known for its high-end retailers and luxury brand stores. Otherwise, for renters looking to shop locally, the Phoenix Public Market in downtown Phoenix features a farmers' market, artisanal food vendors, and local artisans selling handmade goods. And, for a unique experience, the Melrose District is a vintage shopping district known for its collection of antique stores, thrift shops, vintage clothing boutiques and unique collectibles. Meanwhile, department stores in Phoenix include Macy's, Dillard's, JCPenney, and T.J.Maxx, while the main grocery chains are Fry's Food Stores, Safeway, Albertsons, Whole Foods Market and Sprouts Farmers' Market.

Transportation in Phoenix, AZ

Phoenix offers several transportation options to help renters navigate the city, although a car remains the primary option renters rely on. To that end, the city has an extensive road network, including interstates 10 and 17; Loop 101; and several state routes. Alternatively, the Valley Metro Regional Public Transportation Authority - better known as Valley Metro - is the primary public transportation provider. Renters can use its regular buses and light rail system to travel throughout the Phoenix metro area. Or, those who want to minimize their carbon footprint can use a bike or walk around the city as many of the city's neighborhoods have designated paths and sidewalks for cyclists and pedestrians. Of course, for on-demand transportation, service providers like Uber and Lyft allow renters to get around with ridesharing services. Finally, Phoenix Sky Harbor International Airport is the closest airport to Phoenix, located just five miles away.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Phoenix, AZ. Easily search through a wide selection of apartments for rent in Phoenix, AZ, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Phoenix, AZ apartments with rents starting from $770 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

Studio	$1,605+
1 BED	$1,500+
2 BEDS	$1,894+

1 BED	$1,100
2 BEDS	$1,275

Studio	$1,183+
1 BED	$1,327+
2+ BEDS	$1,493+

1 BED	$1,436+
2 BEDS	$1,408+

Studio	$855+
1 BED	$816+
2 BEDS	$1,347+

Studio	$1,340+
1 BED	Ask for Pricing
2+ BEDS	Ask for Pricing

Studio	$1,125+
1 BED	$1,120+
2 BEDS	$1,135+

1 BED	$1,614+
2 BEDS	$1,860+
3 BEDS	$2,407+

Studio	$1,175+
1 BED	$1,350+
2 BEDS	$1,580+

Apartments for Rent in Phoenix, AZ 3,438 Rentals Available

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