Gilbert, AZ Rental Market Trends

Highlights

The average rent for an apartment in Gilbert is $1,149, a 4% increase compared to the previous year, when the average rent was $1,110.

Studio apartments in Gilbert rent for $1,012 a month, while 1-bedroom apartments ask on average $1,022 a month; the average rent for a 2-bedroom apartment is $1,185.

Average Rent in Gilbert, AZ

Last updated Oct 2018
All rentals Studio 1 Bed 2 Beds 3 Beds
Average Rent $1,149 $1,012 $1,022 $1,185 $1,511
Y-o-Y Change 4% 2% 6% 2% 3%
Average Apartment Size 969 sq. ft. 760 sq. ft. 778 sq. ft. 1,052 sq. ft. 1,337 sq. ft.

The average size for a Gilbert apartment is 969 square feet, but this number varies greatly depending on apartment type. A studio averages 760 sq. ft., while a one-bedroom apartment offers a more generous square footage: 778. 2-bedroom apartments in Gilbert have an average size of 1,052 sq. ft.

Gilbert, AZ Apartment Rent Ranges

  • $701-$1,00041%
  • $1,001-$1,50059%

Gilbert, AZ Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Oct / 2018 $1,149 $1,012 $1,022 $1,185 $1,511
Jan / 2018 $1,146 $1,012 $1,022 $1,181 $1,505
Sept / 2017 $1,148 $1,024 $1,011 $1,195 $1,509
May / 2017 $1,110 $994 $965 $1,159 $1,469
Jan / 2017 $1,076 $1,002 $937 $1,119 $1,428
Sept / 2016 $1,084 $985 $939 $1,147 $1,441
May / 2016 $1,046 $939 $911 $1,100 $1,413
Jan / 2016 $1,033 $933 $907 $1,086 $1,359
Sept / 2015 $1,016 $845 $896 $1,063 $1,369
May / 2015 $973 $853 $863 $1,007 $1,354
/

Average Rent in Gilbert, AZ By Neighborhood

Lyons Gate
$1,221
Chaparral Estates
$1,219
Spectrum
$1,219
Neely
$1,148
Rancho del Verde
$1,137
El Dorado Lakes
$1,053
The Islands
$1,053
Val Vista Lakes
$1,039

The most affordable neighborhoods in Gilbert are Val Vista Lakes, where the average rent goes for $1,039/month, El Dorado Lakes, where renters pay $1,053/mo on average, and The Islands, where the average rent goes for $1,053/mo. If you’re looking for other great deals, check out the listings from Rancho del Verde ($1,137), Neely ($1,148), and Chaparral Estates ($1,219), where the asking prices are below the average Gilbert rent of $1,149/mo.

The most expensive neighborhoods in Gilbert are Chaparral Estates ($1,219), Spectrum ($1,219) and Lyons Gate ($1,221).

Gilbert | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Chaparral Estates is 16% higher than in El Dorado Lakes

$1,219

Chaparral Estates rent is 6% higher than Gilbert average

All rentals $1,219
Studio $967
1 Bed $1,053
2 Beds $1,364
3 Beds $1,644
$1,053

El Dorado Lakes rent is 8% lower than Gilbert average

All rentals $1,053
Studio $1,068
1 Bed $950
2 Beds $1,061
3 Beds $1,390

How Does Gilbert Compare to Nearby Cities

Average Rent Y-o-Y Change
Phoenix $956 3%
Glendale $866 2%
Tempe $1,258 3%
Mesa $912 1%
Surprise $1,114 6%
Buckeye $1,102 -2%
Chandler $1,162 4%
Avondale $1,011 0%
Scottsdale $1,359 4%
Peoria $1,062 6%
Gilbert $1,149 4%

For more information about the Gilbert rental trends, check out our monthly rent report

Cheapest Listings on RENTCafé

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Gilbert apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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