Phoenix, AZ Rent Trends

Rank #53, last updated September 2

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To calculate the apartment rental trends in each city or neighborhood, ApartmentAdvisor evaluates thousands of available apartment listings in a given market and updates this information daily.

What is the average rent in Phoenix?

The average rent of a studio apartment in Phoenix, AZ is $937. The average rent of a 1-bedroom in Phoenix, AZ is $1,199. The average rent of a 2-bedroom in Phoenix, AZ is $1,495. The average rent of a 3-bedroom in Phoenix, AZ is $2,300.

Studio

$937


1 bed

$1,199


2 beds

$1,495


3+ beds

$2,300

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

Rent Prices Over Time in Phoenix

Aug 16 2024Oct 01 2024Nov 16 2024Jan 01 2025Feb 15 2025Apr 02 2025May 19 2025Jul 03 2025Sep 02 2025$1,000$1,200$1,400$1,600$1,800
  • Phoenix
  • National

Apartment Rent Ranges in Phoenix

The monthly rent for apartments in Phoenix, AZ ranges from $600 to $3,000+.

$600 - $1,200

$1,200 - $1,800

$1,800 - $2,400

$2,400 - $3,000

$3,000+

What is the average apartment size in Phoenix?

The average size of a Phoenix, AZ apartment is 1149 square feet, while the median apartment size for Phoenix, AZ is 976 square feet. However, square footage varies based on unit type. Most rentals in Phoenix, AZ (40.52%) are 2 bedroom apartments, while the fewest (5.75%) are studio apartments. Meanwhile, 1 bedroom apartments account for 28.19%, and 3+ bedroom apartments make up 25.54%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Phoenix?

Studio1 bed2 beds3+ beds
Alhambra$932$1,098$1,350$2,125
Camelback East$995$1,243$1,593$2,750
Central City$900$1,072$1,595$2,350
Deer Valley*$1,195$1,600$2,199
Desert View*$1,593$1,940$2,925
Encanto$920$1,098$1,450$2,650
Estrella**$1,250$2,025
North Mountain$895$1,075$1,350$1,900
Paradise Valley$2,135$2,100$1,825$2,749
South Mountain*$1,200$1,448$2,200

Note: We calculate "average" rent as the median, or midpoint, to eliminate any skew from extremely high-priced or low-priced units.

* Insufficient data to calculate value

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