Phoenix, AZ Rent Trends

Rank #54, last updated January 24

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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 $895. The average rent of a 1-bedroom in Phoenix, AZ is $1,177. The average rent of a 2-bedroom in Phoenix, AZ is $1,445. The average rent of a 3-bedroom in Phoenix, AZ is $2,295.

Studio

$895


1 bed

$1,177


2 beds

$1,445


3+ beds

$2,295

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

Apartment Rent Ranges in Phoenix

The monthly rent for apartments in Phoenix, AZ ranges from $500 to $2,900+.

$500 - $1,100

$1,100 - $1,700

$1,700 - $2,300

$2,300 - $2,900

$2,900+

What is the average apartment size in Phoenix?

The average size of a Phoenix, AZ apartment is 1091 square feet, while the median apartment size for Phoenix, AZ is 919 square feet. However, square footage varies based on unit type. Most rentals in Phoenix, AZ (42.55%) are 2 bedroom apartments, while the fewest (5.79%) are studio apartments. Meanwhile, 1 bedroom apartments account for 30.41%, and 3+ bedroom apartments make up 21.25%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Phoenix?

Studio1 bed2 beds3+ beds
Ahwatukee Foothills**$1,799$2,299
Alhambra$938$1,100$1,253$1,774
Camelback East$900$1,175$1,582$3,273
Central City$925$1,325$1,726$2,350
Deer Valley*$1,195$1,475$2,100
Desert View*$1,610$1,851$3,238
Encanto$863$1,114$1,346$2,520
Estrella**$1,400$1,950
North Mountain$936$1,063$1,246$1,995
Paradise Valley$1,675$2,168$1,850$2,919
South Mountain*$1,049$1,350$2,273

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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