Phoenix, AZ Rent Trends

Rank #51, last updated May 20

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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 $908. The average rent of a 1-bedroom in Phoenix, AZ is $1,220. The average rent of a 2-bedroom in Phoenix, AZ is $1,548. The average rent of a 3-bedroom in Phoenix, AZ is $2,399.

Studio

$908


1 bed

$1,220


2 beds

$1,548


3+ beds

$2,399

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

May 02 2024Jun 17 2024Jul 31 2024Sep 14 2024Oct 30 2024Dec 15 2024Jan 30 2025Mar 17 2025May 20 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 1168 square feet, while the median apartment size for Phoenix, AZ is 1000 square feet. However, square footage varies based on unit type. Most rentals in Phoenix, AZ (40.8%) are 2 bedroom apartments, while the fewest (4.64%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 28.28%, and 1 bedroom apartments make up 26.28%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Phoenix?

Studio1 bed2 beds3+ beds
Ahwatukee Foothills**$1,995$2,699
Alhambra$1,017$1,050$1,397$2,000
Camelback East$900$1,250$1,573$2,900
Central City$848$1,510$1,600$2,393
Deer Valley*$1,220$1,599$2,425
Desert View$1,405$1,629$1,974$3,424
Encanto$859$1,172$1,548$2,625
North Mountain*$1,091$1,347$1,995
Paradise Valley$2,152$1,398$1,800$3,000
South Mountain*$1,200$1,397$2,035

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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