Last updated
Average Rent in Phoenix AZ & Rent Trends
Rent prices and market trends across 27 apartment communities in Phoenix AZ. Updated daily.
Market Average
$2,429/mo
▲ +18.2% from last month
Lowest Available
$924/mo
cheapest unit on market
Communities
27
tracked daily
Units Listed
217
available now
Rent by Neighborhood in Phoenix AZ
Compare average rent across Phoenix AZ neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Phoenix 85257 | $3,030 | $3,030 | 1 | 1 |
| South Scottsdale | $2,718 | $1,433 | 10 | 249 |
| Arcadia Lite | $2,206 | $1,390 | 2 | 10 |
| Cavalier Campus | $2,092 | $1,700 | 1 | 5 |
| Phoenix 85281 | $1,940 | $1,229 | 6 | 94 |
| Brentwood-Cavalier | $1,841 | $1,346 | 3 | 41 |
| Desert View Village | $1,653 | $1,348 | 2 | 12 |
Is Rent Going Up or Down in Phoenix AZ?
As of May 2026, the average rent in Phoenix AZ is $2,429 per month across 27 apartment communities and 217 available units. Rents have increased $356 (18.2%) over the past month.
The most affordable option is Sierra Pines starting at $924/mo. By unit type, a 2-bedroom averages $2,429/mo.
Prices range from $924 to $5,204 per month. The most common price point is the $1,600 range, where 50 units are currently listed.
Phoenix AZ Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Phoenix AZ
Rent Prices by Apartment in Phoenix AZ
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Sierra Pines | $924/mo | $1,187/mo | 3 | 3.2 |
| Morada Grande | $1,235/mo | $1,269/mo | 11 | 3.4 |
| Morada Rise | $1,279/mo | $1,548/mo | 25 | 3.4 |
| Marquis at Sonoran Preserve | $1,390/mo | $1,435/mo | 2 | 4.3 |
| VERVE Tempe | $1,489/mo | $1,489/mo | 1 | 5 |
| Residences on Farmer | $1,499/mo | $2,011/mo | 3 | 3.1 |
| PURE Property Management of Arizona | $1,550/mo | $2,499/mo | 4 | 4.2 |
Google Search Trends for Phoenix AZ Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Phoenix AZ
What is the average rent in Phoenix AZ?
Is rent going up or down in Phoenix AZ?
What is the cheapest apartment in Phoenix AZ?
How many apartments are available 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
$97,000/year
30 percent rule -- using our average rent of $2,429/mo.
Comfortable income
$117,000/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 34% 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) | $2,429 |
| Utilities | $534 |
| Groceries | $531 |
| Transportation | $1,274 |
| Healthcare | $621 |
| Other goods and services | $994 |
| Estimated total | $6,385/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.
Explore Phoenix AZ Apartments
Browse all 27 communities with daily-updated pricing and availability.