Phoenix, AZ Rental Market Trends
What is the average rent in Phoenix?
The average rent for an apartment in Phoenix is $1,590. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Phoenix, AZ
|Average Rent||Average Apartment Size|
|$1,590||805 sq. ft.|
What is the average apartment size in Phoenix?
The average size for a Phoenix, AZ apartment is 805 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
258,077 or 44% of the households in Phoenix, AZ are renter-occupied while 322,758 or 56% are owner-occupied.
Phoenix, AZ rent trends
Average Rent in Phoenix, AZ By Neighborhood
|Dynamite Mountain Ranch||$1,871|
|South Mountain Highland Terrace||$1,730|
|Paradise Valley Village||$1,564|
|Deer Valley Village||$1,530|
|North Mountain Village||$1,429|
What are the most affordable neighborhoods in Phoenix?
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $1,238/month, Alhambra, where renters pay $1,317/mo on average, and Maryvale, where the average rent goes for $1,399/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,429), Camelback East ($1,530), and Deer Valley Village ($1,530), where the asking prices are below the average Phoenix rent of $1,590/mo.
What are the most expensive neighborhoods in Phoenix?
What are the most popular neighborhoods in Phoenix?
The most popular neighborhood in Phoenix is North Mountain Village, where there are 158 listings with an average rent of $1,429. Next up is Deer Valley Village, where apartments go for $1,530/month, followed by South Mountain Highland Terrace with $1,730 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Maryvale, where renters pay $1,399 on average, and Paradise Valley Village, where the average monthly rent is $1,564.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 37% higher than in Alhambra
Ahwatukee Foothills rent is 14% higher than Phoenix average
Alhambra rent is 17% lower than Phoenix average