Phoenix, AZ Rental Market Trends
Highlights
The average rent for an apartment in Phoenix is $1,123, a 10% increase compared to the previous year.
Average Rent in Phoenix, AZ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,123 | 10% | 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
- $501-$7003%
- $701-$1,00038%
- $1,001-$1,50048%
- $1,501-$2,0009%
- > $2,0002%
Phoenix, AZ Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phoenix, AZ | $893 | $905 | $931 | $937 | $955 | $991 | $1,014 | $1,041 | $1,082 | $1,114 | $1,123 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Phoenix, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Estrella Village | $871 |
| Maryvale | $910 |
| Alhambra | $924 |
| North Mountain Village | $994 |
| Deer Valley Village | $1,059 |
| Camelback East | $1,100 |
| Paradise Valley Village | $1,111 |
| East Pheonix | $1,171 |
| Camelback East | $1,181 |
| Encanto Village | $1,232 |
| Biltmore | $1,234 |
| Tramonto | $1,237 |
| North Gateway | $1,237 |
| South Mountain Highland Terrace | $1,247 |
| Central City | $1,270 |
| Ahwatukee Foothills | $1,302 |
| Desert View | $1,442 |
| Downtown Phoenix | $1,717 |
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $871/month, Maryvale, where renters pay $910/mo on average, and Alhambra, where the average rent goes for $924/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($994), Deer Valley Village ($1,059), and Camelback East ($1,100), where the asking prices are below the average Phoenix rent of $1,123/mo.
The most expensive neighborhoods in Phoenix are Ahwatukee Foothills ($1,302), Desert View ($1,442) and Downtown Phoenix ($1,717).
The most popular neighborhood in Phoenix is North Mountain Village, where there are 59 verified RENTCafé listings with an average rent of $994. Next up is Alhambra, where apartments go for $924/month, followed by South Mountain Highland Terrace with $1,247 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Maryvale, where renters pay $910 on average, and Paradise Valley Village, where the average monthly rent is $1,111.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 41% higher than in Alhambra
Ahwatukee Foothills rent is 16% higher than Phoenix average
| Average Rent | $1,302 |
|---|
Alhambra rent is 18% lower than Phoenix average
| Average Rent | $924 |
|---|
How Phoenix Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,123 | 10% |
| Tucson | $906 | 6% |
| Mesa | $1,094 | 10% |
| Tempe | $1,435 | 9% |
| Glendale | $1,026 | 8% |
| Scottsdale | $1,560 | 6% |
| Chandler | $1,381 | 9% |
| Gilbert | $1,324 | 7% |
| Peoria | $1,214 | 6% |
| Surprise | $1,292 | 6% |
| Avondale | $1,213 | 11% |
For more information about the Phoenix rental trends, check out our monthly rent report
Check out Arizona Cities, Arizona Neighborhoods and Arizona Zip Codes for more details on verified listings, including the Arizona Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!