Phoenix, AZ Rental Market Trends
What is the average rent in Phoenix?
The average rent for an apartment in Phoenix is $1,252, a 10% increase compared to the previous year.
Average Rent in Phoenix, AZ
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,252 | 10% | 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
- $501-$7001%
- $701-$1,00026%
- $1,001-$1,50053%
- $1,501-$2,00017%
- > $2,0003%
Phoenix, AZ Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
204,313 or 36% of the households in Phoenix, AZ are renter-occupied while 361,519 or 63% are owner-occupied.
Phoenix, AZ Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phoenix, AZ | $955 | $991 | $1,014 | $1,041 | $1,082 | $1,114 | $1,148 | $1,148 | $1,182 | $1,228 | $1,252 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Phoenix, AZ By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Phoenix | $1,754 |
| Desert View | $1,546 |
| Dynamite Mountain Ranch | $1,478 |
| Riordan Ranch | $1,478 |
| Sonoran Foothills | $1,478 |
| Ahwatukee Foothills | $1,408 |
| Desert Hills | $1,372 |
| North Gateway | $1,372 |
| Tramonto | $1,372 |
| Central City | $1,360 |
| South Mountain Highland Terrace | $1,351 |
| Valley Vista | $1,349 |
| Biltmore | $1,347 |
| Encanto Village | $1,328 |
| Camelback East | $1,286 |
| East Pheonix | $1,226 |
| Paradise Valley Village | $1,215 |
| Camelback East | $1,184 |
| Deer Valley Village | $1,174 |
| North Mountain Village | $1,088 |
| Maryvale | $1,035 |
| Alhambra | $1,001 |
| Estrella Village | $940 |
What are the most affordable neighborhoods in Phoenix?
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $940/month, Alhambra, where renters pay $1,001/mo on average, and Maryvale, where the average rent goes for $1,035/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,088), Deer Valley Village ($1,174), and Camelback East ($1,184), where the asking prices are below the average Phoenix rent of $1,252/mo.
What are the most expensive neighborhoods in Phoenix?
The most expensive neighborhoods in Phoenix are Sonoran Foothills ($1,478), Desert View ($1,546) and Downtown Phoenix ($1,754).
What are the most popular neighborhoods in Phoenix?
The most popular neighborhood in Phoenix is North Mountain Village, where there are 133 verified RENTCafé listings with an average rent of $1,088. Next up is Alhambra, where apartments go for $1,001/month, followed by Estrella Village with $940 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Maryvale, where renters pay $1,035 on average, and Deer Valley Village, where the average monthly rent is $1,174.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 41% higher than in Alhambra
Ahwatukee Foothills rent is 12% higher than Phoenix average
| Average Rent | $1,408 |
|---|
Alhambra rent is 20% lower than Phoenix average
| Average Rent | $1,001 |
|---|
How Phoenix Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Phoenix | $1,252 | 10% |
| Glendale | $1,180 | 13% |
| Mesa | $1,223 | 10% |
| Tucson | $1,009 | 10% |
| Tempe | $1,566 | 9% |
| Chandler | $1,508 | 12% |
| Avondale | $1,371 | 12% |
| Peoria | $1,410 | 15% |
| Scottsdale | $1,706 | 10% |
| Surprise | $1,525 | 17% |
| Goodyear | $1,450 | 14% |