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 […]

The post Top Neighborhoods in Phoenix appeared first on RentCafe rental blog.

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 […]

The post Best Steakhouses in Phoenix appeared first on RentCafe rental blog.

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 […]

The post Best Restaurants in Phoenix appeared first on RentCafe rental blog.

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 […]

The post 7 Great Things to Do in Phoenix appeared first on RentCafe rental blog.

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 24 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, Aviara Flats and Casa Azure 55+ Apartments.

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 $7,241. 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 $9,256. 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. 19% 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 31% are single-family rentals.

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

The average age of rental buildings in Phoenix is 30 years old, with 35% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 94% are garden-style apartment communities, 6% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

What apartment floorplans are common in Phoenix, AZ?

Rental apartments in Phoenix come in a range of sizes and floorplans. Studio apartments represent 9% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 45% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Phoenix. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing 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.

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 $862 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	$1,099+
1 BED	$1,199+
2 BEDS	Ask for Pricing

1 BED	$1,320+
2 BEDS	$1,625+
3 BEDS	$2,265+

Studio	$1,075+
1 BED	Ask for Pricing
2+ BEDS	$1,554

1 BED	$1,095+
2 BEDS	$1,160+
3 BEDS	$1,725+

Studio	Ask for Pricing
1 BED	$1,840+
2 BEDS	$1,690+

1 BED	$1,195
2 BEDS	$1,295+

Studio	$965
1 BED	$1,059
2 BEDS	$999+

1 BED	$1,261+
2 BEDS	$1,429+
3 BEDS	$1,919+

Studio	$1,125+
1 BED	$1,120+
2 BEDS	$1,130+

Apartments for Rent in Phoenix, AZ 3,433 Rentals Available

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