Last updated
Average Rent in Phoenix, AZ & Rent Trends
Rent prices and market trends across 29 apartment communities in Phoenix, AZ. Updated daily.
Market Average
$2,228/mo
▲ +11.3% from last month
Lowest Available
$938/mo
cheapest unit on market
Communities
29
tracked daily
Units Listed
514
available now
Rent by Neighborhood in Phoenix, AZ
Compare average rent across Phoenix, AZ neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| South Scottsdale | $2,715 | $1,408 | 10 | 249 |
| Phoenix 85257 | $2,617 | $2,342 | 1 | 4 |
| Cavalier Campus | $2,299 | $1,700 | 1 | 6 |
| Arcadia Lite | $2,140 | $1,531 | 2 | 10 |
| Phoenix 85281 | $1,928 | $1,229 | 6 | 96 |
| Brentwood-Cavalier | $1,842 | $1,385 | 3 | 39 |
| Desert View Village | $1,651 | $1,350 | 2 | 12 |
Is Rent Going Up or Down in Phoenix, AZ?
As of May 2026, the average rent in Phoenix, AZ is $2,228 per month across 29 apartment communities and 514 available units. Rents have increased $212 (11.3%) over the past month.
The most affordable option is Sierra Pines starting at $938/mo. By unit type, a studio averages $1,858/mo, a 1-bedroom averages $1,990/mo, a 2-bedroom averages $2,434/mo, a 3-bedroom averages $2,434/mo, a 4-bedroom averages $1,309/mo.
Prices range from $938 to $7,778 per month. The most common price point is the $1,600 range, where 95 units are currently listed.
Phoenix, AZ Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Phoenix, AZ
Rent Prices by Apartment in Phoenix, AZ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Sierra Pines | $938/mo | $1,115/mo | 6 | 3.2 |
| Morada Grande | $1,185/mo | $1,440/mo | 25 | 3.4 |
| Morada Rise | $1,217/mo | $1,536/mo | 49 | 3.4 |
| VERVE Tempe | $1,229/mo | $1,345/mo | 5 | 5 |
| Marquis at Sonoran Preserve | $1,350/mo | $1,406/mo | 5 | 4.3 |
| Mandarina | $1,375/mo | $1,601/mo | 18 | 4.2 |
| Volta on Broadway | $1,385/mo | $1,891/mo | 17 | 4 |
Google Search Trends for Phoenix, AZ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Phoenix, AZ
What is the average rent in Phoenix, AZ?
Is rent going up or down in Phoenix, AZ?
What is the cheapest apartment in Phoenix, AZ?
How much is a 1-bedroom apartment in Phoenix, AZ?
How many apartments are available in Phoenix, AZ?
What salary do I need to live comfortably in Phoenix, AZ?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$89,000/year
30 percent rule -- using our average rent of $2,228/mo.
Comfortable income
$107,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($938/mo), you need to earn at least $38,000/year.
Median household income in Phoenix, AZ is $77,041 , about 28% below the comfortable-living threshold.
Cost of living in Phoenix, AZ
Overall prices in Phoenix, AZ runs above the national average by about 5% (BEA Regional Price Parity index 104.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Phoenix, AZ's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,228 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,184/mo |
Population
1,624,832
Median household income
$77,041
Census median rent
$1,458/mo
Rent as % of income
30.4%
Median age
34.8
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Phoenix, AZ Apartments
Browse all 29 communities with daily-updated pricing and availability.