Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 20 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 $5,044.

The price range for a 1-bedroom apartment in Phoenix, AZ is between $291 and $6,558.

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 residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 25% of Phoenix's rentals, 45% are small-scale complexes with under 50 units, and 28% are single-family rentals.

The average age of rental buildings in Phoenix is 30 years old, with 40% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 93% are garden-style apartment communities, 8% are mid-sized buildings, and 3% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

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.