Phoenix, AZ Rental Market Trends
What is the average rent in Phoenix?
The average rent for an apartment in Phoenix is $1,363, a 19% increase compared to the previous year.
Average Rent in Phoenix, AZ
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,363||19%||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
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
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021|
Average Rent in Phoenix, AZ By Neighborhood
|Dynamite Mountain Ranch||$1,641|
|South Mountain Highland Terrace||$1,502|
|Paradise Valley Village||$1,369|
|Deer Valley Village||$1,329|
|North Mountain Village||$1,218|
What are the most affordable neighborhoods in Phoenix?
The most affordable neighborhoods in Phoenix are Estrella Village, where the average rent goes for $1,050/month, Alhambra, where renters pay $1,078/mo on average, and Maryvale, where the average rent goes for $1,108/mo. If you’re looking for other great deals, check out the listings from North Mountain Village ($1,218), Camelback East ($1,255), and East Pheonix ($1,311), where the asking prices are below the average Phoenix rent of $1,363/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 97 verified RENTCafé listings with an average rent of $1,218. Next up is Alhambra, where apartments go for $1,078/month, followed by Deer Valley Village with $1,329 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Paradise Valley Village, where renters pay $1,369 on average, and Maryvale, where the average monthly rent is $1,108.
Phoenix | Rent Comparison by Neighborhood
Rent in Ahwatukee Foothills is 48% higher than in Alhambra
Ahwatukee Foothills rent is 17% higher than Phoenix average
Alhambra rent is 21% lower than Phoenix average
How Phoenix Compares to Other Cities
|Average Rent||Y-o-Y Change|