Last updated August 10, 2026

Average Rent in Phoenix, AZ & Rent Trends

Rent prices and market trends across 12 apartment communities in Phoenix, AZ. Updated daily.

Area All Areas Arcadia Lite Cavalier Campus Central City Desert View Village Maryvale Village North Mountain Village South Scottsdale

Phoenix 85033 85051

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed 4 Bed

Market Average

$1,473/mo

▼ 4.3% from last month

Lowest Available

$895/mo

cheapest unit on market

Communities

tracked daily

Units Listed

155

available now

Price Cuts This Week in Phoenix, AZ

30 listed units across 4 buildings in Phoenix, AZ dropped their asking rent in the past 7 days, an average cut of $34/mo. These are the largest cuts, tracked unit by unit with daily price checks.

Apartment	Unit	Last Week	Now	Cut
Cortland Biltmore Place	Unit 13, Ocotillo	$3,095	$2,995	$100
Cortland Biltmore Place	Unit 3, Willow	$3,095	$2,995	$100
Domus	Unit starting, Domus	$1,561	$1,479	$82
Sierra Pines	Unit 58, Ridge	$1,376	$1,331	$45
Sierra Pines	Unit 60, #1125	$1,376	$1,331	$45
Sierra Pines	Unit 42, Peak	$1,156	$1,125	$31
Sierra Pines	Unit 44, #1072	$1,156	$1,125	$31
Morada Rise	Unit 1012	$1,278	$1,249	$29

See today's prices on all 155 listed units

Rent by Neighborhood in Phoenix, AZ

Compare average rent across Phoenix, AZ neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Cavalier Campus	$1,995	▼ $89	$1,561	1	17
Arcadia Lite	$1,788	▼ $128	$1,479	3	15
Desert View Village	$1,644	▲ $24	$1,325	2	15
Central City	$1,604	▲ $2	$1,421	1	12
Maryvale Village	$1,436	▼ $123	$1,234	1	20
Phoenix 85033	$1,389	▲ $38	$1,106	1	34
Phoenix 85051	$1,176	▲ $95	$906	1	31
South Scottsdale	$1,138	$0	$1,050	1	2
North Mountain Village	$1,008	-	$895	1	9

Is Rent Going Up or Down in Phoenix, AZ?

As of August 2026, the average rent in Phoenix, AZ is $1,473 per month across 12 apartment communities and 155 available units. Rents have decreased $68 (4.3%) over the past month.

The most affordable option is Rise Lakeside starting at $895/mo. By unit type, a studio averages $1,309/mo, a 1-bedroom averages $1,403/mo, a 2-bedroom averages $1,493/mo, a 3-bedroom averages $1,818/mo, a 4-bedroom averages $1,138/mo.

Prices range from $895 to $2,995 per month. The most common price point is the $1,400 range, where 34 units are currently listed.

Phoenix, AZ Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
April 2026	$1,820	-	7
May 2026	$1,710	-$110	9
June 2026	$1,626	-$84	10
July 2026	$1,573	-$53	11
August 2026	$1,554	-$19	12

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.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Phoenix, AZ

Studio

$1,309

from $906 · 12 units

1 Bed

$1,403

from $895 · 59 units

2 Bed

$1,493

from $1,045 · 66 units

3 Bed

$1,818

from $1,532 · 16 units

4 Bed

$1,138

from $1,050 · 2 units

Rent Prices by Apartment in Phoenix, AZ

Property	Starting at	Average	Units	Rating
Rise Lakeside	$895/mo	$1,008/mo	9	4
Sierra Pines	$906/mo	$1,176/mo	31	3.2
Celina Acosta	$1,050/mo	$1,138/mo	2	5
Morada Rise	$1,106/mo	$1,389/mo	34	3.4
Morada Grande	$1,234/mo	$1,436/mo	20	3.4
Marquis at Sonoran Preserve	$1,325/mo	$1,437/mo	7	4.3
Mandarina	$1,421/mo	$1,604/mo	12	4.2
Domus	$1,479/mo	$1,479/mo	1	4.3
The Common	$1,549/mo	$1,829/mo	12	4.6
Marq Bronco Butte	$1,557/mo	$1,824/mo	8	5
Cortland Biltmore Place	$1,561/mo	$1,995/mo	17	4.9
The Palms Apartments	$1,670/mo	$1,693/mo	2	4.4

Frequently Asked Questions About Rent in Phoenix, AZ

What is the average rent in Phoenix, AZ?

The average rent in Phoenix, AZ is $1,473 per month as of August 2026, based on 155 units across 12 apartment communities.

Is rent going up or down in Phoenix, AZ?

Rent in Phoenix, AZ has decreased $68 (4.3%) over the past month. The current average is $1,473/mo.

What is the cheapest apartment in Phoenix, AZ?

The most affordable apartment in Phoenix, AZ is Rise Lakeside with units starting at $895/mo.

How much is a 1-bedroom apartment in Phoenix, AZ?

A 1-bedroom apartment in Phoenix, AZ averages $1,403/mo, with prices starting at $895/mo across 59 available units.

How many apartments are available in Phoenix, AZ?

There are 155 units available across 12 apartment communities 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

$59,000/year

Based on the 30 percent rule, using our tracked average rent of $1,473/mo.

Comfortable income

$71,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($895/mo), you need to earn at least $36,000/year.

Median household income in Phoenix, AZ is $77,041 , about 9% above 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	Source
Rent (market average)	$1,473	daily refresh
Utilities	$534	BLS × BEA RPP
Groceries	$531	BLS × BEA RPP
Transportation	$1,274	BLS × BEA RPP
Healthcare	$621	BLS × BEA RPP
Other goods and services	$994	BLS × BEA RPP
Estimated total	$5,429/mo	$65,142/year

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.

Arizona Rent Trends

Compare rent across all Arizona cities

Phoenix, AZ Neighborhood Rent Map

See rent history by neighborhood on a map

Explore Phoenix, AZ on Map

See neighborhoods and rent data interactively

US-wide rent comparison

See how Phoenix, AZ rents stack up against the national median