Average Rent in 85016, Phoenix, AZ

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Current Versus Historical 85016, Phoenix, AZ Rents

85016 rentals average $861 for a studio rental to $4,850 for a 4-bedroom rental. The median price of all currently available listings is $2,098, or roughly $23 per square feet.

For the apartment units and housing in October 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $576 (-40.51%) year-over-year from $1,422 to $846. 1-bedroom rentals prices have decreased by $117 (-7.28%) year-over-year from $1,612 to $1,495. 2-bedroom rentals prices have decreased by $6 (-0.29%) year-over-year from $2,001 to $1,995. 3-bedroom rentals prices have increased by $1,301 (44.11%) year-over-year from $2,949 to $4,250. 4-bedroom rentals prices have increased by $1,212 (33.78%) year-over-year from $3,587 to $4,799. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 10.51% this month. 1-bedroom rents have gone up by 5.10% this month. 2-bedroom rents have gone up by 7.12% this month. 3-bedroom rents have gone up by 30.90% this month. 4-bedroom rents have gone up by 14.32% this month.

Beds	Price / Sqft	Oct 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$26.23	$846	$1,422 (-40.51%)	$1,365 (-38.04%)
1 BR	$22.84	$1,495	$1,612 (-7.28%)	$1,516 (-1.40%)
2 BR	$23.39	$1,995	$2,001 (-0.29%)	$1,733 (15.15%)
3 BR	$23.18	$4,250	$2,949 (44.11%)	$2,865 (48.34%)
4+ BR	$26.48	$4,799	$3,587 (33.78%)	$4,131 (16.18%)

Historical Rents in 85016, Phoenix, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 85016

There are a total of 20 cities nearby 85016. The average rent in 85016 is currently $2,197 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Maricopa, AZ, with an average rent of $1,775, is the most affordable city nearby. In contrast, the most expensive city near 85016, Phoenix, AZ is Paradise Valley, AZ. Monthly rents here are on average $19,999 per month.

Let's compare 85016, Phoenix, AZ's rent against other top cities nearby by bedroom size. One bedrooms are about 8.05% more expensive. Two bedrooms in 85016, Phoenix, AZ are about 3.21% more affordable. Finally, rent for three bedrooms are about 25.82% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near 85016, Phoenix, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Avondale, AZ	$1,099	$1,250	$1,350	$1,995
Mesa, AZ	$1,087	$1,200	$1,497	$2,047
Phoenix, AZ	$899	$1,250	$1,700	$2,095
Tempe, AZ	$1,095	$1,291	$1,600	$2,100
Glendale, AZ	$1,099	$925	$1,450	$2,100
Sun City, AZ	N/A	$1,250	$2,450	$2,200
Chandler, AZ	$1,632	$1,557	$1,950	$2,480
Fountain Hills, AZ	N/A	$2,600	$2,725	$2,998
Scottsdale, AZ	$899	$1,995	$3,500	$4,195
Paradise Valley, AZ	N/A	$2,000	$16,500	$19,999

Top Neighborhoods Near 85016

There are a total of 6 neighborhoods in or near 85016. Some of these neighborhoods include Sun City, Arrowhead Ranch, and Sun City Anthem. We've included all of these top 6 neighborhoods in or near 85016, Phoenix, AZ in the following table.

The average rent for these 6 neighborhoods in or near 85016, Phoenix, AZ is currently around $3,300 per month. Interestingly, the neighborhoods' average rent is higher than 85016's average rent, which is only $2,098. Out of all the neighborhoods in or near 85016, Sun City has the most affordable average rent at $2,200 per month. Whereas, at $4,998 average rent per month, Greyhawk is the most expensive neighborhood in or near 85016. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Sun City, AZ	N/A	$1,250	$2,450	$2,200
Arrowhead Ranch, Glendale, AZ	N/A	N/A	$1,975	$2,600
Sun City Anthem, Anthem, AZ	N/A	$1,365	$3,500	$2,825
Downtown Scottsdale, Scottsdale, AZ	N/A	$3,000	$3,400	$3,775
McCormick Ranch, Scottsdale, AZ	$1,500	$2,650	$4,395	$4,600
Greyhawk, Scottsdale, AZ	N/A	$1,945	$4,000	$4,998

Top Counties Near 85016

There are a total of 3 counties located by 85016, Phoenix, AZ. Some of these counties include Pinal, AZ, Yavapai, AZ, and Maricopa, AZ. The average rent for rentals in these counties is $2,240. That's roughly around $20 per sqft. A total of one county has a lower average rent. The county that is the most affordable is Pinal, AZ. Its average rent per month is $1,850. Vice versa, with an average rent of $2,395, Maricopa, AZ is the most expensive county by 85016, Phoenix, AZ.

Typically, rent for studios in 85016, Phoenix, AZ is 13.31% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 85016, Phoenix, AZ is on par with the other counties nearby. Finally, rent for two bedrooms in 85016, Phoenix, AZ is 2.31% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Pinal, AZ	$975	$935	$1,600	$1,850
Yavapai, AZ	N/A	$1,550	$2,000	$2,240
Maricopa, AZ	$998	$1,395	$1,995	$2,395

Top Zipcodes Near 85016

There are a total of 40 zipcodes in or near 85016, Phoenix, AZ. The average rent for all of these zipcodes is $2,173. A total of 16 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85021, Phoenix, AZ at $1,295 per month. In comparison, the zipcode with the most expensive average rent of $14,995 per month is 85253, Paradise Valley, AZ.

Studios in these zipcodes have an average rent of $698. That's at least $11 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 85016, Phoenix, AZ is $1,312 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,798 per month. Which comes out to $21 per sqft. The following table includes the top 10 zipcodes in 85016, Phoenix, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85251, Scottsdale, AZ	$799	$2,000	$2,495	$3,000
85018, Phoenix, AZ	$1,350	$1,650	$2,100	$2,795
85258, Maricopa County, AZ	$1,500	$2,550	$4,000	$4,385
85281, Tempe, AZ	$1,045	$1,199	$1,600	$1,895
85014, Phoenix, AZ	$800	$1,049	$1,785	$1,950
85254, Phoenix, AZ	$1,556	$3,000	$3,175	$4,500
85008, Phoenix, AZ	$895	$1,195	$1,423	$1,395
85260, Scottsdale, AZ	N/A	$1,970	$3,500	$3,945
85255, Scottsdale, AZ	N/A	$2,032	$4,200	$5,500
85032, Phoenix, AZ	$1,187	$1,550	$1,497	$1,995

Frequently Asked Questions - 85016 Average Rents

What is the average rent price in 85016, Phoenix, AZ?

The average monthly rental price for 85016, Phoenix, AZ apartments for rent is approximately $2,098. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 85016, Phoenix, AZ rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in 85016, Phoenix, AZ.

How much is a studio apartment in 85016, Phoenix, AZ?

The average monthly rental price for studio apartments is $861 and an average price per square feet of $26.23. There are a total of 8 studio apartment listings currently available for rent in 85016.

How much is a one bedroom apartment in 85016, Phoenix, AZ?

The average monthly rental price for one bedroom apartments is $1,395 and an average price per square feet of $22.84. There are a total of 37 one bedroom apartment listings currently available for rent in 85016.

How much is a two bedroom apartment in 85016, Phoenix, AZ?

The average monthly rental price for two bedroom apartments is $1,950 and an average price per square feet of $23.39. There are a total of 79 two bedroom apartment listings currently available for rent in 85016.

How have rent prices in 85016, Phoenix, AZ changed this year?

Rent prices for rentals in 85016, Phoenix, AZ can fluctuate yearly. Specifically, studio rental prices have changed by -0.41%, one bedroom rental prices have changed by -0.07%, two bedroom rental prices have changed by 0.00%, three bedroom rental prices have changed by 0.44% year-over-year.

What is a reasonable rent price in 85016, Phoenix, AZ?

A reasonable rent price in 85016, Phoenix, AZ is around $1,678/month. You can search for these reasonably priced rental listings on RentHop.