Phoenix, AZ Rental Market Trends
The average rent for an apartment in Phoenix is $1,175, a 5% increase compared to the previous year.
Average Rent in Phoenix, AZ
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,175||5%||801 sq. ft.|
The average size for a Phoenix, AZ apartment is 801 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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.
Phoenix, AZ Apartment Rent Ranges
- > $2,0002%
Phoenix, AZ Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
201,918 or 36% of the households in Phoenix, AZ are renter-occupied while 353,095 or 63% are owner-occupied.
Phoenix, AZ Rent Trends
|Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Oct / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Oct / 2020|
Average Rent in Phoenix, AZ By Neighborhood
|Dynamite Mountain Ranch||$1,389|
|South Mountain Highland Terrace||$1,290|
|Paradise Valley Village||$1,173|
|Deer Valley Village||$1,146|
|North Mountain Village||$1,059|
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $931/month, Maryvale, where renters pay $978/mo on average, and Alhambra, where the average rent goes for $979/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,059), Camelback East ($1,145), and Deer Valley Village ($1,146), where the asking prices are below the average Phoenix rent of $1,175/mo.
The most expensive neighborhoods in Phoenix are Sonoran Foothills ($1,389), Desert View ($1,491) and Downtown Phoenix ($1,686).
The most popular neighborhood in Phoenix is Estrella Village, where there are 58 verified RENTCafé listings with an average rent of $931. Next up is North Mountain Village, where apartments go for $1,059/month, followed by Alhambra with $979 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Maryvale, where renters pay $978 on average, and Paradise Valley Village, where the average monthly rent is $1,173.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 37% higher than in Alhambra
Ahwatukee Foothills rent is 14% higher than Phoenix average
Alhambra rent is 17% lower than Phoenix average
How Phoenix Compares to Other Cities
|Average Rent||Y-o-Y Change|
For more information about the Phoenix rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!