Average Rent in Phoenix, AZ
31 apartment buildings, 618 units. Daily asking prices with rent history for every building.
Cheapest
$692/mo
Adara
Properties
31
tracked daily
Units
618
available now
Phoenix, AZ Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 31 properties in Phoenix, AZ.
Average rent trend, last 3 months
All bedroom types, citywide. Choose a window above to scope the view.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Phoenix, AZ Rent Prices
All 31 properties ranked by lowest available rent.
Adara
888 N 4th St, Phoenix, AZ 85004, USA
Sora
355 N Central Ave, Phoenix, AZ 85004, USA
Rise Lakeside
11459 N 28th Dr, Phoenix, AZ 85029, USA
Sierra Pines
9410 N 31st Ave, Phoenix, AZ 85051, USA
Celina Acosta
6991 E Camelback Rd #D300, Scottsdale, AZ 85251, USA
Morada Rise
6751 W Indian School Rd, Phoenix, AZ 85033, USA
Proxy 333 Apartment Homes
333 E McKinley St, Phoenix, AZ 85004, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Adara 888 N 4th St, Phoenix, AZ 85004, USA | $692 | $939 | $2.30 | 4.1 (452) | 77 |
| 2 | Sora 355 N Central Ave, Phoenix, AZ 85004, USA | $850 | $1,272 | $2.72 | 4.1 (282) | 24 |
| 3 | Rise Lakeside 11459 N 28th Dr, Phoenix, AZ 85029, USA | $895 | $1,031 | $1.49 | 4 (193) | 9 |
| 4 | Sierra Pines 9410 N 31st Ave, Phoenix, AZ 85051, USA | $904 | $1,185 | $1.59 | 3.2 (325) | 39 |
| 5 | Celina Acosta 6991 E Camelback Rd #D300, Scottsdale, AZ 85251, USA | $1,050 | $1,138 | $0.33 | 5 (96) | 2 |
| 6 | Morada Rise 6751 W Indian School Rd, Phoenix, AZ 85033, USA | $1,094 | $1,446 | $1.57 | 3.4 (361) | 38 |
| 7 | Proxy 333 Apartment Homes 333 E McKinley St, Phoenix, AZ 85004, USA | $1,200 | $1,200 | $2.74 | 4.4 (89) | 1 |
Rent & Price History by Building
Adara
4.1 (452)888 N 4th St, Phoenix, AZ 85004, USA
Sora
4.1 (282)355 N Central Ave, Phoenix, AZ 85004, USA
Rise Lakeside
4 (193)11459 N 28th Dr, Phoenix, AZ 85029, USA
Sierra Pines
3.2 (325)9410 N 31st Ave, Phoenix, AZ 85051, USA
Celina Acosta
5 (96)6991 E Camelback Rd #D300, Scottsdale, AZ 85251, USA
Morada Rise
3.4 (361)6751 W Indian School Rd, Phoenix, AZ 85033, USA
By Area
Phoenix, AZ neighborhoods
Tracked buildings across 11 named neighborhoods. Pick one to see its apartments.
Phoenix, AZ Average Rent Prices 2026
The average rent in Phoenix, AZ is $1,937 per month, based on 618 units across 31 apartment communities. Prices range from $692 at Adara to $7,536 at Saiya.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,534/mo | $692/mo | 243 |
| 1 Bed | $1,932/mo | $895/mo | 200 |
| 2 Bed | $2,427/mo | $1,045/mo | 139 |
| 3 Bed | $2,887/mo | $850/mo | 33 |
| 4 Bed | $1,797/mo | $1,050/mo | 3 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Phoenix, AZ apartments earn?
The 5 buildings we can estimate generate about $2.2M in rental revenue per month ($26M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Asking / Leased | Est. Occupancy | Units |
|---|---|---|---|---|
| 1.PALMtower | $630K/mo | $1,952 / $1,535 | 92% | 352 |
| 2.Domus | $629K/mo | $1,563 / $2,230 | 100% | 283 |
| 3.Cityscape Residences | $448K/mo | $2,366 / $2,134 | 94% | 224 |
| 4.Mandarina | $237K/mo | $1,590 / $1,395 | 94% | 180 |
| 5.The McKinley | $220K/mo | 94% | 108 |
Research estimates from listing activity, not operator financials. Asking is the average listed rent; leased is the average rent at which units left the market. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Phoenix, AZ, and what they pay
Tracked one-bedroom rent in Phoenix, AZ averages $1,932/mo, with two-bedroom units averaging $2,427/mo. At the local median household income of $77,041, that works out to 30% of gross income, near the 30 percent affordability ceiling.
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 33% 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
$77,000/year
Based on the 30 percent rule, using our tracked average rent of $1,937/mo.
Comfortable income
$93,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($692/mo), you need to earn at least $28,000/year.
Median household income in Phoenix, AZ is $77,041 , about 17% 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) | $1,937 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $5,893/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 | 30-Day Change | Properties |
|---|---|---|---|---|
| Tempe, AZ | $1,894 | -2% | -5% | 31 |
| Tucson, AZ | $1,690 | -13% | -6.7% | 23 |
| Chandler, AZ | $1,863 | -4% | -8.3% | 21 |
| Scottsdale, AZ | $2,370 | +22% | -3.4% | 21 |
| Avondale, AZ | $1,691 | -13% | +0.8% | 19 |
| Glendale, AZ | $1,605 | -17% | -1.8% | 17 |
Frequently asked questions
What is the average rent in Phoenix, AZ?
The average rent in Phoenix, AZ is $1,937 per month, based on 618 units across 31 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the median rent in Phoenix, AZ?
The median asking rent in Phoenix, AZ is $1,717 per month, computed from 618 live listed units and refreshed daily. The average is $1,937/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Phoenix, AZ?
The lowest available rent in Phoenix, AZ starts at $692 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Phoenix, AZ?
1-bedroom apartments in Phoenix, AZ average $1,932/mo. The lowest listed 1-bedroom starts at $895/mo across 200 units tracked.
How much is a 2-bedroom apartment in Phoenix, AZ?
2-bedroom apartments in Phoenix, AZ average $2,427/mo. Units start from $1,045/mo across 139 units currently listed.
Rent Trends in Phoenix, AZ
Track how apartment prices are changing over time.
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