Average Rent in 85016, Phoenix, AZ

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Current Versus Historical 85016, Phoenix, AZ Rents

85016 rentals average $862 for a studio rental to $4,950 for a 4-bedroom rental. The median price of all currently available listings is $1,995, or roughly $23 per square feet.
For the apartment units and housing in August 2026, median rents have fallen substantially over the last year. Studio rentals prices have decreased by $394 (-31.37%) year-over-year from $1,256 to $862. 1-bedroom rentals prices have decreased by $336 (-19.06%) year-over-year from $1,761 to $1,425. 2-bedroom rentals prices have decreased by $101 (-4.92%) year-over-year from $2,051 to $1,950. 3-bedroom rentals prices have increased by $527 (18.35%) year-over-year from $2,873 to $3,400. 4-bedroom rentals prices have increased by $1,552 (45.66%) year-over-year from $3,398 to $4,950. 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 8.69% this month. 1-bedroom rents have gone down by 0.93% this month. 2-bedroom rents have gone down by 8.95% this month. 3-bedroom rents have gone up by 8.86% this month. 4-bedroom rents have gone up by 6.85% this month.
Beds
Price / Sqft
Aug 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $26.19 $862 $1,256 (-31.37%) $1,150 (-25.04%)
1 BR $23.27 $1,425 $1,761 (-19.06%) $1,321 (7.87%)
2 BR $22.51 $1,950 $2,051 (-4.92%) $1,732 (12.61%)
3 BR $23.95 $3,400 $2,873 (18.35%) $3,133 (8.51%)
4+ BR $29.47 $4,950 $3,398 (45.66%) $4,698 (5.36%)

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 4 cities nearby have an average rent lower than that. Our records show that Maricopa, AZ, with an average rent of $1,800, 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 $4,000 per month.

Let's compare 85016, Phoenix, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in 85016, Phoenix, AZ is 11.48% more affordable than other cities nearby. One bedrooms are about 0.35% more affordable. Two bedrooms in 85016, Phoenix, AZ are about 1.05% more expensive. Finally, rent for three bedrooms are about 33.82% 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
Sun City, AZ N/A $1,748 $1,900 $1,948
Mesa, AZ $1,133 $1,224 $1,530 $1,995
Avondale, AZ $1,099 $1,250 $1,447 $2,050
Phoenix, AZ $823 $1,300 $1,700 $2,088
Glendale, AZ $1,370 $999 $1,500 $2,095
Tempe, AZ $1,555 $1,366 $1,650 $2,200
Chandler, AZ $1,360 $1,503 $1,913 $2,495
Gilbert, AZ $1,280 $1,782 $2,195 $2,495
Fountain Hills, AZ $1,513 $2,000 $2,195 $2,700
Scottsdale, AZ $1,207 $1,890 $3,250 $4,000

Top Neighborhoods Near 85016

There are a total of 10 neighborhoods in or near 85016. Some of these neighborhoods include Sun City, Downtown Phoenix, and Arrowhead Ranch. We've included all of these top 10 neighborhoods in or near 85016, Phoenix, AZ in the following table.

The average rent for these 10 neighborhoods in or near 85016, Phoenix, AZ is currently around $2,675 per month. A total of one neighborhood has a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $2,675. Interestingly, the neighborhoods' average rent is higher than 85016's average rent, which is only $1,995. Out of all the neighborhoods in or near 85016, Sun City has the most affordable average rent at $1,900 per month. Whereas, at $4,490 average rent per month, McCormick Ranch 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 $1,748 $1,900 $1,900
Downtown Phoenix, Phoenix, AZ $1,099 $1,914 $2,695 $2,095
Arrowhead Ranch, Glendale, AZ N/A $1,830 $2,000 $2,400
Vistancia, Peoria, AZ N/A N/A $2,588 $2,400
Sun City West, AZ N/A $1,488 $2,500 $2,550
Sun City Anthem, Anthem, AZ N/A $1,435 $3,500 $2,800
Downtown Scottsdale, Scottsdale, AZ $1,295 $2,750 $3,250 $3,550
Scottsdale Ranch, Scottsdale, AZ N/A $3,300 $3,813 $3,793
Greyhawk, Scottsdale, AZ N/A $1,750 $3,375 $4,200
McCormick Ranch, Scottsdale, AZ $2,025 $2,250 $3,995 $4,490

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 $2,195. That's roughly around $19 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 $1,899. Vice versa, with an average rent of $2,350, Maricopa, AZ is the most expensive county by 85016, Phoenix, AZ.

Typically, rent for studios in 85016, Phoenix, AZ is 67.52% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 85016, Phoenix, AZ is 10.16% more expensive than other counties nearby. Finally, rent for two bedrooms in 85016, Phoenix, AZ is 0.96% 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 $1,749 $1,100 $1,767 $1,899
Yavapai, AZ $1,444 $1,269 $2,245 $2,195
Maricopa, AZ $1,000 $1,428 $1,999 $2,350

Top Zipcodes Near 85016

There are a total of 43 zipcodes in or near 85016, Phoenix, AZ. The average rent for all of these zipcodes is $2,200. A total of 13 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85008, Phoenix, AZ at $1,374 per month. In comparison, the zipcode with the most expensive average rent of $14,495 per month is 85253, Paradise Valley, AZ.

Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near 85016, Phoenix, AZ is $1,367 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,785 per month. Which comes out to $20 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 $999 $1,996 $2,499 $3,000
85018, Phoenix, AZ $649 $1,540 $2,000 $2,695
85258, Maricopa County, AZ $2,025 $2,066 $3,948 $4,200
85281, Tempe, AZ $1,654 $1,400 $1,695 $2,000
85014, Phoenix, AZ $783 $1,087 $1,750 $1,763
85254, Phoenix, AZ $1,556 $1,800 $3,000 $4,000
85008, Phoenix, AZ $847 $1,197 $1,539 $1,374
85260, Scottsdale, AZ N/A $1,776 $3,500 $3,750
85255, Scottsdale, AZ N/A $1,870 $3,800 $5,200
85032, Phoenix, AZ $1,200 $1,595 $1,600 $2,127

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 $1,995. 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 $862 and an average price per square feet of $26.19. There are a total of 10 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 $1,413 and an average price per square feet of $23.27. There are a total of 54 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 $1,980 and an average price per square feet of $22.51. There are a total of 87 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 -0.31%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.05%, three bedroom rental prices have changed by 0.18% year-over-year.
What is a reasonable rent price in 85016, Phoenix, AZ?
A reasonable rent price in 85016, Phoenix, AZ is around $1,596/month. You can search for these reasonably priced rental listings on RentHop.