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Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.

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

Last updated February 2022
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
Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Phoenix, AZ By Neighborhood

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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

Neighborhood
vs.

Rent in Ahwatukee Foothills is 41% higher than in Alhambra

$1,769

Ahwatukee Foothills rent is 14% higher than Phoenix average

Average Rent $1,769
$1,259

Alhambra rent is 19% lower than Phoenix average

Average Rent $1,259

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

Most Popular Apartments in Phoenix

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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 Phoenix 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.