Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 12 Oct 2026.

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

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

The price range for a studio apartment in Phoenix, AZ is between $562 and $14,788.

The price range for a 1-bedroom apartment in Phoenix, AZ is between $507 and $7,240.

The price range for a 2-bedroom apartment in Phoenix, AZ is between $562 and $14,348.

The price range for a 3-bedroom apartment in Phoenix, AZ is between $562 and $14,788.

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 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.