Phoenix, AZ Rent Trends

Rank #58, last updated September 3

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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 $912. The average rent of a 1-bedroom in Phoenix, AZ is $1,120. The average rent of a 2-bedroom in Phoenix, AZ is $1,435. The average rent of a 3-bedroom in Phoenix, AZ is $2,299.

Studio

$912


1 bed

$1,120


2 beds

$1,435


3+ beds

$2,299

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 1118 square feet, while the median apartment size for Phoenix, AZ is 950 square feet. However, square footage varies based on unit type. Most rentals in Phoenix, AZ (37.71%) are 2 bedroom apartments, while the fewest (5.2%) are studio apartments. Meanwhile, 1 bedroom apartments account for 29.29%, and 3+ bedroom apartments make up 27.8%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Phoenix?

Studio1 bed2 beds3+ beds
Alhambra$799$1,043$1,250$1,950
Camelback East$1,050$1,195$1,550$2,995
Central City$987$1,125$1,599$2,325
Deer Valley*$1,051$1,495$2,275
Desert View$1,268$1,570$1,988$3,050
Encanto$1,000$1,195$1,450$2,385
Estrella*$1,100$1,206$2,095
North Mountain$813$999$1,212$1,800
Paradise Valley$1,731$1,400$1,750$2,685
South Mountain*$1,049$1,374$2,250

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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