Average Rent in Phoenix AZ
36 apartment buildings, 507 units. Real asking prices, refreshed daily.
Avg Rent
$2,238/mo
Cheapest
$924/mo
Properties
36
Units
507
Analysis
Rent Price Breakdown
Compare pricing across all 36 properties in Phoenix AZ.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Phoenix AZ Rent Prices
All 36 properties ranked by lowest available rent.
Sierra Pines
9410 N 31st Ave, Phoenix, AZ 85051, USA
VERVE Tempe
1047 S Terrace Rd, Tempe, AZ 85281, USA
Morada Grande
5421 W Indian School Rd, Phoenix, AZ 85031, USA
Morada Rise
6751 W Indian School Rd, Phoenix, AZ 85033, USA
Volta on Broadway
1221 E Broadway Rd, Tempe, AZ 85282, USA
Marquis at Sonoran Preserve
29675 N North Valley Pkwy Phoenix, AZ 85085
Domus
4445 N 36th St, Phoenix, AZ 85018, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Sierra Pines 9410 N 31st Ave, Phoenix, AZ 85051, USA | $924 | $1,104 | $1.39 | 3.2 | 6 |
| 2 | VERVE Tempe 1047 S Terrace Rd, Tempe, AZ 85281, USA | $1,229 | $1,345 | $3.31 | 5 | 5 |
| 3 | Morada Grande 5421 W Indian School Rd, Phoenix, AZ 85031, USA | $1,235 | $1,496 | $1.47 | 3.4 | 25 |
| 4 | Morada Rise 6751 W Indian School Rd, Phoenix, AZ 85033, USA | $1,272 | $1,565 | $1.67 | 3.4 | 47 |
| 5 | Volta on Broadway 1221 E Broadway Rd, Tempe, AZ 85282, USA | $1,346 | $1,879 | $1.83 | 4 | 17 |
| 6 | Marquis at Sonoran Preserve 29675 N North Valley Pkwy Phoenix, AZ 85085 | $1,348 | $1,408 | $1.55 | 4.3 | 5 |
| 7 | Domus 4445 N 36th St, Phoenix, AZ 85018, USA | $1,390 | $2,341 | $2.50 | 4.3 | 7 |
Explore Each Property
Sierra Pines
3.29410 N 31st Ave, Phoenix, AZ 85051, USA
VERVE Tempe
51047 S Terrace Rd, Tempe, AZ 85281, USA
Morada Grande
3.45421 W Indian School Rd, Phoenix, AZ 85031, USA
Morada Rise
3.46751 W Indian School Rd, Phoenix, AZ 85033, USA
Volta on Broadway
41221 E Broadway Rd, Tempe, AZ 85282, USA
Marquis at Sonoran Preserve
4.329675 N North Valley Pkwy Phoenix, AZ 85085
Phoenix AZ Average Rent Prices 2026
The average rent in Phoenix AZ is $2,238 per month, based on 507 units across 36 apartment communities. Prices range from $924 at Sierra Pines to $3,030 at Scottsdale Hayden Townhomes.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,822/mo | $1,346/mo | 44 |
| 1 Bed | $2,001/mo | $938/mo | 168 |
| 2 Bed | $2,429/mo | $924/mo | 217 |
| 3 Bed | $2,504/mo | $1,359/mo | 73 |
| 4 Bed | $1,745/mo | $1,229/mo | 5 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Phoenix AZ, and what they pay
Tracked one-bedroom rent in Phoenix AZ averages $2,001/mo, with two-bedroom units averaging $2,429/mo. At the local median household income of $77,041, that works out to 35% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Phoenix AZ at $1,458/mo. The current tracked market average runs 53% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Phoenix AZ while the tracked market average covers units currently listed in larger apartment communities.
Who employs renters in Phoenix
Demand in the Phoenix rental market is shaped by the metro's largest private and public employers. The following organizations anchor local hiring and influence what renters can pay:
- Banner Health
- Wells Fargo
- American Express
- Intel (Chandler)
- Freeport-McMoRan
- Honeywell Aerospace
Mean one-way commute in Phoenix AZ is 26 minutes, per the Census ACS, useful context when weighing which properties sit inside reasonable reach of these employers.
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
$90,000/year
30 percent rule -- using our average rent of $2,238/mo.
Comfortable income
$107,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($924/mo), you need to earn at least $37,000/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) | $2,238 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,194/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.
Compare
Nearby cities in Arizona
How Phoenix AZ rent compares to other markets in the state.
| City | Avg Rent | vs Phoenix AZ | Properties |
|---|---|---|---|
| Tempe, AZ | $2,056 | -8% | 24 |
| Scottsdale, AZ | $2,499 | +12% | 22 |
| Glendale, AZ | $1,615 | -28% | 22 |
| Peoria, AZ | $1,686 | -25% | 16 |
| Surprise, AZ | $1,753 | -22% | 13 |
| Tucson, AZ | $1,415 | -37% | 11 |
Frequently asked questions
What is the average rent in Phoenix AZ?
The average rent in Phoenix AZ is $2,238 per month, based on 507 units across 36 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Phoenix AZ?
The lowest available rent in Phoenix AZ starts at $924 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Phoenix AZ?
1-bedroom apartments in Phoenix AZ average $2,001/mo. The lowest listed 1-bedroom starts at $938/mo across 168 units tracked.
How much is a 2-bedroom apartment in Phoenix AZ?
2-bedroom apartments in Phoenix AZ average $2,429/mo. Units start from $924/mo across 217 units currently listed.
Rent Trends in Phoenix AZ
Track how apartment prices are changing over time.
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