Apartments for Rent in Phoenix, AZ

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Phoenix, AZ rent trends

Rental prices in Phoenix, AZ have decreased by 1.94% over the past year. The average rent moved from $1,524 to $1,494.

Check out the average rent prices in Phoenix by neighborhood.

Compared to the national average rent of $1,750, the average rent in Phoenix, AZ is $1,494.

Average rent in Phoenix, AZ

$1,494/mo Phoenix, AZ average rental price, September 2025

The average monthly rent of apartments in Phoenix, AZ is $1,494.

What's the typical rent budget in Phoenix, AZ?

About 31% of apartment rents in Phoenix, AZ range between $1,501-$2,000. Meanwhile, apartments around $2,001-$2,500 represent 8% of apartments. Around 48% of Phoenix’s apartments are in the $1,001-$1,500 price range. 10% of apartments are priced ≤ $1000. A share of 2% of apartment rentals in Phoenix are in the $2,501-$3,000 range. There are 1% of apartment rentals in Phoenix in the > $3,000 range.

The largest share of rentals in Phoenix, AZ (48%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Local Guides for Renters

Top 5 Most Affordable Neighborhoods for Renters in Phoenix

Phoenix, the radiant “Valley of the Sun”, offers more than just year-round sunshine and enchanting desert vistas. For renters on the hunt for their next home, the city presents a diverse palette of neighborhoods, perfectly blending urban sophistication with nature’s charm. Here are our top picks: North Mountain Village; Camelback East; Deer Valley Village; Paradise […]

The post Top 5 Most Affordable Neighborhoods for Renters in Phoenix appeared first on RentCafe rental blog.

Top Neighborhoods for Renters in Phoenix

Considering renting in Phoenix, AZ? The vast array of neighborhoods available can leave potential renters spoilt for choice. Whether it’s the urban buzz of Downtown Phoenix or the tranquil charm of Ahwatukee Foothills, Phoenix offers a unique blend of rental experiences. Here are our top picks: Downtown Phoenix; Biltmore Area; Ahwatukee Foothills; Camelback East; Alhambra […]

The post Top Neighborhoods for Renters in Phoenix appeared first on RentCafe rental blog.

Best Restaurants in Phoenix

Aside from location, price and quality of living, good food and restaurants are usually a top selling-point for any city. And, while each region brings specific dishes to the table, the South is generally known as the hotspot for good eating and real, hearty food — and Arizona is no exception. If you’re looking at […]

The post Best Restaurants in Phoenix appeared first on RentCafe rental blog.

7 Great Things for Renters to Do in Phoenix

Phoenix, the illustrious “Valley of the Sun,” is not just a haven for renters seeking ideal apartments for rent but also a treasure trove of experiences waiting to be explored. Dive into this guide and discover what makes Phoenix the perfect blend of modern living and timeless adventures for every renter in plces like: Phoenix […]

The post 7 Great Things for Renters to Do in Phoenix appeared first on RentCafe rental blog.

Getting around in Phoenix, AZ

68 /100

Somewhat Walkable

46 /100

Some Transit

73 /100

Very Bikeable

Walk Score®: 68, Transit Score®: 46, Bike Score®: 73

Frequently asked questions

When were prices and availability in Phoenix, AZ last updated?

Prices and availability in Phoenix, AZ were last updated on 17 Nov 2025.

What are the best apartments in Phoenix, AZ?

The best apartments in Phoenix, AZ are: Oakridge Apartments, Element Deer Valley, Vista Ridge Apartments, Boulders at Lookout Mountain Apartment Homes and Aviara Flats.

What is the average rent in Phoenix, AZ?

The average rent in Phoenix, AZ is $1,507.

What is the price range for a studio apartment in Phoenix, AZ?

The price range for a studio apartment in Phoenix, AZ is between $458 and $11,569.

What is the price range for a 1-bedroom apartment in Phoenix, AZ?

The price range for a 1-bedroom apartment in Phoenix, AZ is between $647 and $6,168.

What is the price range for a 2-bedroom apartment in Phoenix, AZ?

The price range for a 2-bedroom apartment in Phoenix, AZ is between $668 and $14,600.

What is the price range for a 3-bedroom apartment in Phoenix, AZ?

The price range for a 3-bedroom apartment in Phoenix, AZ is between $639 and $21,000.

What type of rental buildings are in Phoenix, AZ?

In Phoenix, 43% of the residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 23% of Phoenix’s rentals, 46% are small-scale complexes with under 50 units, and 28% are single-family rentals.

What do typical apartment communities look like in Phoenix, AZ?

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city.  In this case, the apartment buildings in Phoenix are about 30 years old, on average. Of these, 40% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 93% of the rental communities here are low-rise, garden-style communities, 8% are mid-rises, and 3% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

What apartment floorplans are common in Phoenix, AZ?

Rental apartments in Phoenix come in a range of sizes and floorplans. Studio apartments represent 8% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 45% of the total apartments in the city, while 2-bedroom floorplans represent around 41% of all rentals in Phoenix. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.

Phoenix, AZ in the news

New Apartment Construction to Reach Historic High of Half Million in 2024, Two Million Rentals to Open by 2028

Phoenix secures the fourth spot with an estimated 20,141 new apartments expected to open across the metro area before the end of 2024.

National Apartment Size Rebounds as More 2- & 3-Bedroom Rentals Are Built

The typical home for rent in Phoenix (one of the nation's hottest markets for build-to-rent construction) offered a bit more than 1,000 square feet of living space.

The Build-to-Rent Housing Boom: New Single-Family Rentals Reach All-Time High, With Another 45,000 on the Way

Phoenix is the reigning metro with 4,030 single-family homes for rent opening their doors in 2023, a 10-year high and an impressive 164% growth compared to 2022.

Top Renting Sweet Spots in the U.S.: Where Your Income Goes the Furthest

In Phoenix, renters received a lower annual income of $54,852, but their monthly rent was below the national benchmark, while basic utilities and services cost even less than in Denver.

From Boardrooms to Bedrooms: A Record 55K Office-to-Apartments Expected in Major Cities

Phoenix-Mesa-Chandler boasts a conversion of 1,377 units, making up 63.4% of all future apartments. A notable 114% increase compared to just one year ago shows the metro's aggressive push for redevelopment.

Location vs. Space: How Much Does the National Average Rent of $1,700 Stretch in Apartment Size by Zip Code

In Phoenix, zip code 85041 — which offers the most space for $1,700 (1,090 square feet) — has a dense urban feel. Plus, not only is the vibrant neighborhood of Laveen the best spot in the Valley of the Sun where renters can cop a great deal, but it's also the #10 best neighborhood to live in Phoenix.

Living in Phoenix, AZ

As the fifth-largest city in the U.S. and the capital of Arizona, Phoenix is an appealing city to rent in. A multicultural hub, Phoenix provides a rich cultural scene with year-round festivals and diverse cuisine options. Additionally, the outstanding educational and health care facilities, as well as an extensive job market, attract renters looking to further their education and careers. At the same time, numerous parks and trails - like Camelback Mountain and South Mountain Park - put renters close to outdoor recreation spaces. And, with lower housing prices, utilities and transportation costs compared to other major cities, renting in Phoenix allows renters to be close to big-city amenities without the high costs that come with it. Phoenix has a desert climate characterized by very hot and long summers and mild and comfortable winters. Temperatures vary from 45°F to 107°F, with minimal rain and no snow year-round.

Phoenix not only basks in the sun but also in the arts, with the Phoenix Art Museum showcasing international masterpieces and the Heard Museum highlighting Native American culture. For renters who are also sports enthusiasts, the area is home to several major league teams, offering year-round sporting events. Moreover, the proximity to the Grand Canyon presents an unparalleled opportunity for weekend getaways, making Phoenix a city that truly marries the convenience of urban living with the allure of the great outdoors.

Renting in Phoenix, AZ

The rental market in Phoenix is competitive and versatile, with everything from modern studio apartments in skyscrapers to multiple-bedroom historic homes. For renters looking to be amid the main events, downtown Phoenix, Midtown, and Uptown offer a mix of high-rise apartments and historic buildings close to cultural institutions, restaurants, nightlife and major employers. Or, spacious rentals in Phoenix are available in the more rural areas, where neighborhoods like Ahwatukee Foothills Village, Paradise Valley Village, and Camelback East Village have single-family rental homes near schools and recreational options. Notably, by Arizona law, landlords can ask for a security deposit and prepaid rent, but their total amount cannot exceed 1.5 months' rent. Utilities are usually paid outside of the monthly rent, while the maintenance of the rental unit is usually the landlord's responsibility.

Shopping in Phoenix, AZ

As a capital city, Phoenix has an extensive shopping scene, with everything from luxury designer stores to local boutiques. Specifically, Desert Sky Mall, Christown Spectrum, Desert Ridge Marketplace, and Happy Valley Towne Center are some of the shopping malls in Phoenix where renters can find names like Anthropologie, Aldo, Buckle, Torrid, Forever 21 and many more. Or, Biltmore Fashion Park is an upscale outdoor shopping center known for its high-end retailers and luxury brand stores. Otherwise, for renters looking to shop locally, the Phoenix Public Market in downtown Phoenix features a farmers' market, artisanal food vendors, and local artisans selling handmade goods. And, for a unique experience, the Melrose District is a vintage shopping district known for its collection of antique stores, thrift shops, vintage clothing boutiques and unique collectibles. Meanwhile, department stores in Phoenix include Macy's, Dillard's, JCPenney, and T.J.Maxx, while the main grocery chains are Fry's Food Stores, Safeway, Albertsons, Whole Foods Market and Sprouts Farmers' Market.

Transportation in Phoenix, AZ

Phoenix offers several transportation options to help renters navigate the city, although a car remains the primary option renters rely on. To that end, the city has an extensive road network, including interstates 10 and 17; Loop 101; and several state routes. Alternatively, the Valley Metro Regional Public Transportation Authority - better known as Valley Metro - is the primary public transportation provider. Renters can use its regular buses and light rail system to travel throughout the Phoenix metro area. Or, those who want to minimize their carbon footprint can use a bike or walk around the city as many of the city's neighborhoods have designated paths and sidewalks for cyclists and pedestrians. Of course, for on-demand transportation, service providers like Uber and Lyft allow renters to get around with ridesharing services. Finally, Phoenix Sky Harbor International Airport is the closest airport to Phoenix, located just five miles away.

Look for apartments near me

Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!

RentCafe is your one-stop shop for finding a great new apartment in Phoenix, AZ. Easily search through a wide selection of apartments for rent in Phoenix, AZ, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Phoenix, AZ apartments with rents starting from $458 and submit your rental application today!

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!

1 BED	$1,212
2 BEDS	$1,438
3 BEDS	$1,645

STUDIO	$799+
1 BED	$925+
2 BEDS	$1,199+

1 BED	$1,204
2 BEDS	$1,425
3 BEDS	$1,630

1 BED	$1,012+
2 BEDS	$1,057+

1 BED	$1,125+
2 BEDS	$1,315+
3 BEDS	Ask for Pricing

STUDIO	$970+
1 BED	$840+
2 BEDS	$1,115+

1 BED	$1,435+
2 BEDS	$1,910+
3 BEDS	$2,225+

STUDIO	$1,317+
1 BED	$1,585+
2 BEDS	$1,920+

STUDIO	$1,142+
1 BED	$1,497+
2 BEDS	$1,955+

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