Last updated
Average Rent in Phoenix 85004 & Rent Trends
Rent prices and market trends across 7 apartment communities in Phoenix 85004, Phoenix, AZ. Updated daily.
Market Average
$2,600/mo
▲ +0.3% from last month
Lowest Available
$1,681/mo
cheapest unit on market
Communities
7
tracked daily
Units Listed
43
available now
Price Cuts This Week in Phoenix 85004
18 listed units across 5 buildings offering 2 bed units in Phoenix 85004 dropped their asking rent in the past 7 days, an average cut of $42/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Cityscape Residences | Unit 2510, PB2.2 | $3,919 | $3,719 | $200 |
| Adara | Unit 144C, Co-living 3A | $892 | $792 | $100 |
| The Stewart | Unit 1708, Mercury | $2,779 | $2,724 | $55 |
| Muse Apartments | Unit 11, L1 | $1,980 | $1,940 | $40 |
| The Met at 3rd and Fillmore Apartments | Unit 9, Village | $2,250 | $2,210 | $40 |
| The Met at 3rd and Fillmore Apartments | Unit 3, Chelsea | $1,741 | $1,710 | $31 |
| Muse Apartments | Unit 1, S1 | $1,265 | $1,235 | $30 |
| Muse Apartments | Unit 2, S2 | $1,405 | $1,375 | $30 |
Phoenix 85004 vs Phoenix, AZ Average
Phoenix 85004 is more expensive than the Phoenix, AZ average by $648/mo (33%). The citywide average is $1,952/mo across all neighborhoods.
Is Rent Going Up or Down in Phoenix 85004?
As of August 2026, the average rent in Phoenix 85004 is $2,600 per month across 7 apartment communities and 43 available units. Rents have increased $6 (0.3%) over the past month.
The most affordable option is Adara starting at $1,681/mo. By unit type, a 2-bedroom averages $2,600/mo.
Prices range from $1,681 to $4,064 per month. The most common price point is the $2,600 range, where 7 units are currently listed.
Phoenix 85004 Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| August 2026 | $1,936 | - | 7 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Phoenix 85004
Rent Prices by Apartment in Phoenix 85004
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Adara | $1,681/mo | $1,788/mo | 8 | 4.1 |
| Muse Apartments | $1,893/mo | $2,086/mo | 3 | 4.1 |
| The Met at 3rd and Fillmore Apartments | $2,110/mo | $2,207/mo | 5 | 4.4 |
| The Stewart | $2,442/mo | $2,687/mo | 9 | 4 |
| The Ryan Apartments | $2,747/mo | $3,134/mo | 11 | 4.5 |
| Cityscape Residences | $2,783/mo | $3,260/mo | 3 | 4.4 |
| PALMtower | $2,800/mo | $2,936/mo | 4 | 4.8 |
Frequently Asked Questions About Rent in Phoenix 85004
What is the average rent in Phoenix 85004?
Is rent going up or down in Phoenix 85004?
What is the cheapest apartment in Phoenix 85004?
How many apartments are available in Phoenix 85004?
What salary do I need to live comfortably in Phoenix 85004?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$104,000/year
Based on the 30 percent rule, using our tracked average rent of $2,600/mo.
Comfortable income
$125,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,681/mo), you need to earn at least $67,000/year.
Median household income in Phoenix 85004 is $77,041 , about 38% below the comfortable-living threshold.
Cost of living in Phoenix 85004
Overall prices in Phoenix 85004 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 85004's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,600 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,556/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.
Google Search Trends for Phoenix 85004 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Phoenix 85004 Apartments
Browse all 7 communities with daily-updated pricing and availability.