Phoenix, AZ Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Phoenix is $1,486, a 2.17% decrease compared to the previous year, when the average rent was $1,519.
Studio Apartments at $1,057 offer the most budget-friendly option with 431 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 684 square feet for $1,345, balancing privacy and affordability.
Two-beedroom units at $1,637 offer 981 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,301 sq ft) for $2,110, suitable for larger households.
Average rent in Phoenix, AZ
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,486 | 822 sq. ft. |
| Studio | $1,057 | 431 sq. ft. |
| 1 Bed | $1,345 | 684 sq. ft. |
| 2 Beds | $1,637 | 981 sq. ft. |
| 3 Beds | $2,110 | 1,301 sq. ft. |
Phoenix, AZ rent trends
Rental prices in Phoenix, AZ have decreased by 2.17% over the past year. The average rent moved from $1,519 to $1,486.
What's the typical rent budget in Phoenix, AZ?
The largest share of rentals in Phoenix, AZ (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Phoenix, AZ?
258,028 or 43% of the households in Phoenix, AZ are renter-occupied while 343,369 or 57% are owner-occupied.
Most affordable neighborhoods in Phoenix?
North Mountain Village $1,231/month
Alhambra $1,235/month
Maryvale $1,377/month
All of these neighborhoods fall below the city wide average of $1,486/month.Most expensive neighborhoods in Phoenix?
Downtown Phoenix $1,963/month
Desert View $1,995/month
Valley Vista $2,187/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Phoenix, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Valley Vista | $2,187 |
| Desert View | $1,995 |
| Downtown Phoenix | $1,963 |
| Sonoran Foothills | $1,873 |
| Dynamite Mountain Ranch | $1,868 |
| Estrella Village | $1,823 |
| Tramonto | $1,624 |
| Ahwatukee Foothills | $1,592 |
| Amber Hills | $1,546 |
| Paradise Valley Village | $1,534 |
| South Mountain Highland Terrace | $1,532 |
| Biltmore | $1,528 |
| East Phoenix | $1,477 |
| Camelback East | $1,475 |
| Encanto Village | $1,443 |
| Deer Valley Village | $1,395 |
| Central City | $1,384 |
| Maryvale | $1,377 |
| Alhambra | $1,235 |
| North Mountain Village | $1,231 |
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 29% higher than in Alhambra
Ahwatukee Foothills rent is 7% higher than Phoenix average
Alhambra rent is 17% lower than Phoenix average
How Phoenix Compares to Other Cities
| City | Average Rent |
|---|---|
| Phoenix | $1,486 |
| Tucson | $1,232 |
| Scottsdale | $2,068 |
| Mesa | $1,477 |
| Glendale | $1,400 |
| Tempe | $1,821 |
| Chandler | $1,703 |
| Gilbert | $1,755 |
| Surprise | $1,714 |
| Peoria | $1,614 |
| Goodyear | $1,647 |
| Buckeye | $1,867 |
| San Tan Valley | $1,895 |
| Avondale | $1,553 |
| Casa Grande | $1,465 |
| Apache Junction | $1,625 |
| Queen Creek | $1,905 |
| Maricopa, AZ | $1,656 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Phoenix apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.