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Phoenix, AZ Rent Trends

Rank #49, last updated December 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 $930. The average rent of a 1-bedroom in Phoenix, AZ is $1,196. The average rent of a 2-bedroom in Phoenix, AZ is $1,500. The average rent of a 3-bedroom in Phoenix, AZ is $2,300.

Studio

$930


1 bed

$1,196


2 beds

$1,500


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

Apartment Rent Ranges in Phoenix

The monthly rent for apartments in Phoenix, AZ ranges from $600 to $2,600+.

$600 - $1,100

$1,100 - $1,600

$1,600 - $2,100

$2,100 - $2,600

$2,600+

What is the average apartment size in Phoenix?

The average size of a Phoenix, AZ apartment is 1131 square feet, while the median apartment size for Phoenix, AZ is 934 square feet. However, square footage varies based on unit type. Most rentals in Phoenix, AZ (38.95%) are 2 bedroom apartments, while the fewest (5.23%) are studio apartments. Meanwhile, 3+ bedroom apartments account for 28.76%, and 1 bedroom apartments make up 27.06%.

Studio

One bedroom

Two bedrooms

Three+ bedrooms

What is the average rent for various neighborhoods in Phoenix?

Studio1 bed2 beds3+ beds
Ahwatukee Foothills**$1,748$2,450
Alhambra$958$1,100$1,404$2,013
Camelback East$1,025$1,250$1,561$3,213
Central City$900$1,425$1,730$2,220
Deer Valley*$1,166$1,575$2,325
Desert View$1,549$1,617$2,059$2,999
Encanto$927$1,297$1,425$2,500
North Mountain$875$1,031$1,300$1,945
Paradise Valley*$1,280$1,588$3,075
South Mountain*$999$1,482$2,098

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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