Phoenix, AZ Rental Market Trends
What is the average rent in Phoenix?
The average rent for an apartment in Phoenix is $1,547. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Phoenix, AZ
Average Rent | Average Apartment Size |
---|---|
$1,547 | 804 sq. ft. |
What is the average apartment size in Phoenix?
The average size for a Phoenix, AZ apartment is 804 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
Phoenix, AZ Occupied Housing Units
210,451 or 36% of the households in Phoenix, AZ are renter-occupied while 370,384 or 63% are owner-occupied.
Phoenix, AZ Rent Trends
Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Feb / 2022 |
---|---|---|---|---|---|---|---|---|---|---|---|
Phoenix, AZ | $1,014 | $1,041 | $1,082 | $1,114 | $1,148 | $1,148 | $1,182 | $1,228 | $1,363 | $1,477 | $1,547 |
National | $1,362 | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |

Average Rent in Phoenix, AZ By Neighborhood
Neighborhood | Average Rent |
---|---|
Downtown Phoenix | $2,142 |
Desert View | $1,928 |
Desert Hills | $1,828 |
North Gateway | $1,828 |
Tramonto | $1,828 |
Amber Hills | $1,825 |
Dynamite Mountain Ranch | $1,825 |
Riordan Ranch | $1,825 |
Sonoran Foothills | $1,825 |
Ahwatukee Foothills | $1,769 |
Valley Vista | $1,692 |
South Mountain Highland Terrace | $1,687 |
Central City | $1,685 |
Biltmore | $1,683 |
Encanto Village | $1,634 |
Camelback East | $1,620 |
East Pheonix | $1,576 |
Paradise Valley Village | $1,557 |
Deer Valley Village | $1,506 |
Camelback East | $1,490 |
North Mountain Village | $1,404 |
Maryvale | $1,306 |
Alhambra | $1,259 |
Estrella Village | $1,183 |
What are the most affordable neighborhoods in Phoenix?
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $1,183/month, Alhambra, where renters pay $1,259/mo on average, and Maryvale, where the average rent goes for $1,306/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,404), Camelback East ($1,490), and Deer Valley Village ($1,506), where the asking prices are below the average Phoenix rent of $1,547/mo.
What are the most expensive neighborhoods in Phoenix?
The most expensive neighborhoods in Phoenix are Tramonto ($1,828), Desert View ($1,928) and Downtown Phoenix ($2,142).
What are the most popular neighborhoods in Phoenix?
The most popular neighborhood in Phoenix is North Mountain Village, where there are 128 verified RentCafe listings with an average rent of $1,404. Next up is Deer Valley Village, where apartments go for $1,506/month, followed by Paradise Valley Village with $1,557 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Alhambra, where renters pay $1,259 on average, and South Mountain Highland Terrace, where the average monthly rent is $1,687.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 41% higher than in Alhambra
Ahwatukee Foothills rent is 14% higher than Phoenix average
Average Rent | $1,769 |
---|
Alhambra rent is 19% lower than Phoenix average
Average Rent | $1,259 |
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How Phoenix Compares to Other Cities
City | Average Rent |
---|---|
Phoenix | $1,547 |
Glendale | $1,439 |
Mesa | $1,529 |
Tucson | $1,200 |
Chandler | $1,831 |
Peoria | $1,696 |
Gilbert | $1,843 |
Tempe | $1,868 |
Surprise | $1,862 |
Avondale | $1,673 |
Buckeye | $1,811 |
Goodyear | $1,817 |
Scottsdale | $2,138 |
Queen Creek | $2,032 |
Tolleson | $1,573 |
Apache Junction | $765 |
Oro Valley | $1,469 |