Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 19 Aug 2026.

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

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

The price range for a studio apartment in Phoenix, AZ is between $100 and $7,402.

The price range for a 1-bedroom apartment in Phoenix, AZ is between $291 and $7,402.

The price range for a 2-bedroom apartment in Phoenix, AZ is between $340 and $16,000.

The price range for a 3-bedroom apartment in Phoenix, AZ is between $562 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. 25% of Phoenix's apartments are found in large buildings of 50 units or more, 45% 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.

Rental apartments in Phoenix come in a range of sizes and floorplans. Studio apartments represent 8% 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.