Phoenix, AZ Rental Market Trends

What is the average rent in Phoenix?

The average rent for an apartment in Phoenix is $1,558. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Phoenix, AZ

Last updated July 2023

Average Rent	Average Apartment Size
$1,558	806 sq. ft.

What is the average apartment size in Phoenix?

The average size for a Phoenix, AZ apartment is 806 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

254,818 or 44% of the households in Phoenix, AZ are renter-occupied while 325,058 or 56% are owner-occupied.

Phoenix, AZ rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Phoenix, AZ By Neighborhood

Neighborhood	Average Rent
Downtown Phoenix	$2,066
Desert View	$1,872
Amber Hills	$1,803
Carefree Crossing	$1,803
Dynamite Mountain Ranch	$1,803
Riordan Ranch	$1,803
Sonoran Foothills	$1,803
Central City	$1,727
Ahwatukee Foothills	$1,725
South Mountain Highland Terrace	$1,704
Apache Peak	$1,697
Desert Hills	$1,697
La Salle Heights	$1,697
North Gateway	$1,697
Tramonto	$1,697
Valley Vista	$1,696
Encanto Village	$1,681
Biltmore	$1,646
Camelback East	$1,574
East Phoenix	$1,539
Paradise Valley Village	$1,527
Deer Valley Village	$1,470
North Mountain Village	$1,388
Maryvale	$1,368
Alhambra	$1,316
Estrella Village	$1,157

What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $1,157/month, Alhambra, where renters pay $1,316/mo on average, and Maryvale, where the average rent goes for $1,368/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,388), Deer Valley Village ($1,470), and Paradise Valley Village ($1,527), where the asking prices are below the average Phoenix rent of $1,558/mo.

What are the most expensive neighborhoods in Phoenix?

The most expensive neighborhoods in Phoenix are Sonoran Foothills ($1,803), Desert View ($1,872) and Downtown Phoenix ($2,066).

What are the most popular neighborhoods in Phoenix?

The most popular neighborhood in Phoenix is North Mountain Village, where there are 95 listings with an average rent of $1,388. Next up is Deer Valley Village, where apartments go for $1,470/month, followed by South Mountain Highland Terrace with $1,704 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Paradise Valley Village, where renters pay $1,527 on average, and Maryvale, where the average monthly rent is $1,368.

Phoenix | Rent Comparison by Neighborhood

Rent in Ahwatukee Foothills is 31% higher than in Alhambra

$1,725

Ahwatukee Foothills rent is 11% higher than Phoenix average

Average Rent $1,725

$1,316

Alhambra rent is 16% lower than Phoenix average

Average Rent $1,316

How Phoenix Compares to Other Cities

City	Average Rent
Phoenix	$1,558
Mesa	$1,507
Mesa	$1,507
Glendale	$1,494
Glendale	$1,494
Tucson	$1,279
Chandler	$1,811
Chandler	$1,811
Tempe	$1,918
Tempe	$1,918
Peoria	$1,698
Peoria	$1,698
Gilbert	$1,844
Gilbert	$1,844
Scottsdale	$2,059
Scottsdale	$2,059
Avondale	$1,660
Avondale	$1,660
Surprise	$1,808
Surprise	$1,808
Buckeye	$2,096

What is the average price for a storage unit in Phoenix?

The average rent for a non-climate-controlled 10'x10' storage unit in Phoenix is $142.07. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.