Average Rent in 85016, Phoenix, AZ

Current Versus Historical 85016, Phoenix, AZ Rents

85016 rentals average $0 for a studio rental to $3,825 for a 4-bedroom rental. The median price of all currently available listings is $2,500, or roughly $25 per square feet.

For the apartment units and housing in September 2023, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $1,001 (-46.54%) year-over-year from $2,151 to $1,150. 1-bedroom rentals prices have decreased by $34 (-2.51%) year-over-year from $1,346 to $1,312. 2-bedroom rentals prices have increased by $117 (6.74%) year-over-year from $1,731 to $1,848. 3-bedroom rentals prices have decreased by $8 (-0.25%) year-over-year from $3,008 to $3,000. 4-bedroom rentals prices have increased by $43 (1.17%) year-over-year from $3,657 to $3,700. 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 0.00% this month. 1-bedroom rents have gone up by 1.08% this month. 2-bedroom rents have gone up by 7.78% this month. 3-bedroom rents have gone down by 3.74% this month. 4-bedroom rents have gone up by 0.47% this month.

Beds	Price / Sqft	Sep 2023 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$24	$1,312	$1,346 (-2.51%)	$989 (32.64%)
2 BR	$26	$1,848	$1,731 (6.74%)	$1,464 (26.18%)
3 BR	$24	$3,000	$3,008 (-0.25%)	$2,483 (20.85%)
4+ BR	$22	$3,700	$3,657 (1.17%)	$2,275 (62.62%)

Historical Rents in 85016, Phoenix, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near 85016

There are a total of 12 cities nearby 85016. The average rent in 85016 is currently $2,560 per month. A total of 5 cities nearby have an average rent lower than that. Our records show that Casa Grande, AZ, with an average rent of $1,900, is the most affordable city nearby. In contrast, the most expensive city near 85016, Phoenix, AZ is Scottsdale, AZ. Monthly rents here are on average $4,749 per month.

Let's compare 85016, Phoenix, AZ's rent against other top cities nearby by bedroom size. One bedrooms are about 15.20% more affordable. Two bedrooms in 85016, Phoenix, AZ are about 25.79% more expensive. Finally, rent for three bedrooms are about 43.61% more expensive. Want more information? Check out the top 10 cities out of 12 total cities near 85016, Phoenix, AZ in the following chart.

City	Studio	1 Bed	2 Bed	All
Mesa, AZ	$1,593	$1,325	$1,650	$2,150
Surprise, AZ	N/A	$1,800	$2,500	$2,250
Glendale, AZ	N/A	$1,248	$1,650	$2,473
Tempe, AZ	N/A	$1,500	$1,700	$2,525
Goodyear, AZ	N/A	N/A	$2,995	$2,595
Chandler, AZ	$1,075	$1,500	$2,000	$2,600
Phoenix, AZ	$1,200	$1,438	$2,000	$2,637
Peoria, AZ	N/A	$2,100	$3,200	$2,700
Gilbert, AZ	N/A	$1,680	$2,000	$2,800
Scottsdale, AZ	$3,348	$2,338	$3,600	$4,749

Top Neighborhoods Near 85016

There are a total of 2 neighborhoods in or near 85016. We've included all of these top 2 neighborhoods in or near 85016, Phoenix, AZ in the following chart.

The average rent for these 2 neighborhoods in or near 85016, Phoenix, AZ is currently around $5,238 per month. Meaning, only two neighborhoods have a higher average rent than $5,238. Interestingly, the neighborhoods' average rent is higher than 85016's average rent, which is only $2,500. Out of all the neighborhoods in or near 85016, McCormick Ranch has the most affordable average rent at $4,975 per month. Whereas, at $5,500 average rent per month, Greyhawk is the most expensive neighborhood in or near 85016. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
McCormick Ranch, Scottsdale, AZ	N/A	$2,200	$4,000	$4,975
Greyhawk, Scottsdale, AZ	N/A	$2,400	$4,775	$5,500

Top Counties Near 85016

There are a total of 2 counties located by 85016, Phoenix, AZ. The average rent for rentals in these counties is $3,000. That's roughly around $23 per sqft. The county that is the most affordable is Maricopa, AZ. It's average rent per month is $3,000. Vice versa, with an average rent of $3,000, Maricopa, AZ is the most expensive county by 85016, Phoenix, AZ.

Typically, rent for studios in 85016, Phoenix, AZ is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 85016, Phoenix, AZ is 21.57% more affordable than other counties nearby. Finally, rent for two bedrooms in 85016, Phoenix, AZ is 1.67% more expensive than other counties nearby. We've listed the top 1 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Maricopa, AZ	$1,450	$1,550	$2,650	$3,000

Top Zipcodes Near 85016

There are a total of 10 zipcodes in or near 85016, Phoenix, AZ. The average rent for all of these zipcodes is $4,650.

The following chart 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
85258, Maricopa County, AZ	N/A	$2,200	$3,775	$4,800
85251, Scottsdale, AZ	$2,125	$3,000	$3,250	$3,825
85255, Scottsdale, AZ	N/A	$2,400	$4,775	$5,500
85260, Scottsdale, AZ	$14,198	$2,300	$3,000	$3,800
85262, Maricopa County, AZ	N/A	N/A	$6,000	$9,250
85254, Phoenix, AZ	N/A	$2,700	$3,400	$4,500
85018, Phoenix, AZ	N/A	$1,748	$2,295	$3,200
85250, Scottsdale, AZ	N/A	$1,995	$3,500	$3,550
85253, Paradise Valley, AZ	N/A	$2,050	$4,300	$15,000
85266, Maricopa County, AZ	N/A	N/A	$7,000	$8,000

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 $2,500. 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 $0 and an average price per square feet of $0.00. There are a total of 1 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 $1,275 and an average price per square feet of $24.29. There are a total of 15 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 $2,695 and an average price per square feet of $26.18. There are a total of 29 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 -0.47%, one bedroom rental prices have changed by -0.03%, two bedroom rental prices have changed by 0.07%, and three bedroom rental prices have changed by 0.00% year-over-year.

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

A reasonable rent price in 85016, Phoenix, AZ is around $2,000/month. You can search for these reasonably priced rental listings on RentHop.