Last updated
Average Rent in Phoenix 85031 & Rent Trends
Rent prices and market trends across 1 apartment community in Phoenix 85031, Phoenix, AZ. Updated daily.
Market Average
$1,543/mo
Lowest Available
$1,321/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
30
available now
Price Cuts This Week in Phoenix 85031
11 listed units across 1 building in Phoenix 85031 dropped their asking rent in the past 7 days, an average cut of $50/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Morada Grande | Unit 1079, 2X2 | $1,653 | $1,597 | $56 |
| Morada Grande | Unit 2030, 2X2 | $1,412 | $1,356 | $56 |
| Morada Grande | Unit 2069, 2X2 | $1,379 | $1,323 | $56 |
| Morada Grande | Unit 1002, 2X2 | $1,527 | $1,472 | $55 |
| Morada Grande | Unit 1080, 2X2 | $1,434 | $1,379 | $55 |
| Morada Grande | Unit 1081, 2X2 | $1,437 | $1,382 | $55 |
| Morada Grande | Unit 2040, 2X2 | $1,376 | $1,321 | $55 |
| Morada Grande | Unit 2076, 2X2 | $1,376 | $1,321 | $55 |
Phoenix 85031 vs Phoenix, AZ Average
Phoenix 85031 is more expensive the Phoenix, AZ average by $64/mo (4%). The citywide average is $1,479/mo across all neighborhoods.
Is Rent Going Up or Down in Phoenix 85031?
As of July 2026, the average rent in Phoenix 85031 is $1,543 per month across 1 apartment community and 30 available units.
The most affordable option is Morada Grande starting at $1,321/mo. By unit type, a 2-bedroom averages $1,420/mo, a 3-bedroom averages $1,685/mo.
Prices range from $1,321 to $1,733 per month. The most common price point is the $1,600 range, where 14 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Phoenix 85031
Rent Prices by Apartment in Phoenix 85031
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Morada Grande | $1,321/mo | $1,543/mo | 30 | 3.4 |
Frequently Asked Questions About Rent in Phoenix 85031
What is the average rent in Phoenix 85031?
Is rent going up or down in Phoenix 85031?
What is the cheapest apartment in Phoenix 85031?
How many apartments are available in Phoenix 85031?
What salary do I need to live comfortably in Phoenix 85031?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$62,000/year
Based on the 30 percent rule, using our tracked average rent of $1,543/mo.
Comfortable income
$74,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,321/mo), you need to earn at least $53,000/year.
Median household income in Phoenix 85031 is $77,041 , about 4% above the comfortable-living threshold.
Cost of living in Phoenix 85031
Overall prices in Phoenix 85031 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 85031's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,543 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $5,499/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 85031 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Phoenix 85031 Apartments
Browse all 1 communities with daily-updated pricing and availability.