Gilbert, AZ Rental Market Trends

Highlights

The average rent for an apartment in Gilbert is $1,228, a 7% increase compared to the previous year, when the average rent was $1,148.

Average Rent in Gilbert, AZ

Last updated Apr 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,228 7% 946 sq. ft.

The average size for a Gilbert, AZ apartment is 946 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Gilbert, AZ Apartment Rent Ranges

  • $701-$1,00018%
  • $1,001-$1,50067%
  • $1,501-$2,00014%
  • > $2,0001%

Gilbert, AZ Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Apr / 2019
Gilbert, AZ $1,033 $1,046 $1,084 $1,076 $1,110 $1,148 $1,146 $1,149 $1,228
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
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Average Rent in Gilbert, AZ By Neighborhood

The most affordable neighborhoods in Gilbert are Carol Rae Ranch, where the average rent goes for $1,068/month, Towne Meadows, where renters pay $1,068/mo on average, and Val Vista Lakes, where the average rent goes for $1,092/mo. If you’re looking for other great deals, check out the listings from El Dorado Lakes ($1,106), The Islands ($1,106), and Rancho del Verde ($1,213), where the asking prices are below the average Gilbert rent of $1,228/mo.

The most expensive neighborhoods in Gilbert are Freeman Farms ($1,373), Seville ($1,373) and Trilogy ($1,373).

Gilbert | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Carol Rae Ranch is 19% lower than in Chaparral Estates

$1,068

Carol Rae Ranch rent is 13% lower than Gilbert average

Average Rent $1,068
$1,316

Chaparral Estates rent is 7% higher than Gilbert average

Average Rent $1,316

How Does Gilbert Compare to Nearby Cities

Average Rent Y-o-Y Change
Phoenix $1,014 8%
Tempe $1,305 6%
Glendale $937 8%
Gilbert $1,228 7%
Mesa $977 9%
Chandler $1,252 8%
Avondale $1,092 7%
Buckeye $958 -16%
Scottsdale $1,434 9%
Peoria $1,140 11%
Surprise $1,219 10%

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

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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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