Average Rent in 85016, Phoenix, AZ

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Current Versus Historical 85016, Phoenix, AZ Rents

85016 rentals average $875 for a studio rental to $4,900 for a 4-bedroom rental. The median price of all currently available listings is $2,200, or roughly $24 per square feet.
For the apartment units and housing in July 2026, median rents have risen substantially over the last year. Studio rentals prices have decreased by $252 (-22.34%) year-over-year from $1,127 to $875. 1-bedroom rentals prices have increased by $140 (10.33%) year-over-year from $1,355 to $1,495. 2-bedroom rentals prices have increased by $418 (22.84%) year-over-year from $1,832 to $2,250. 3-bedroom rentals prices have increased by $624 (21.72%) year-over-year from $2,873 to $3,498. 4-bedroom rentals prices have increased by $7,559 (170.22%) year-over-year from $4,441 to $12,000. 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 7.73% this month. 1-bedroom rents have gone up by 5.53% this month. 2-bedroom rents have gone up by 1.89% this month. 3-bedroom rents have gone up by 10.19% this month. 4-bedroom rents have gone up by 84.88% this month.
Beds
Price / Sqft
Jul 2026 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $27.81 $875 $1,127 (-22.34%) $1,000 (-12.50%)
1 BR $23.27 $1,495 $1,355 (10.33%) $1,292 (15.68%)
2 BR $23.27 $2,250 $1,832 (22.84%) $1,832 (22.84%)
3 BR $24.21 $3,498 $2,873 (21.72%) $3,050 (14.67%)
4+ BR $29.47 $12,000 $4,441 (170.22%) $4,607 (160.45%)

Historical Rents in 85016, Phoenix, AZ

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near 85016

There are a total of 21 cities nearby 85016. The average rent in 85016 is currently $2,195 per month. A total of 11 cities nearby have an average rent lower than that. Our records show that Casa Grande, AZ, with an average rent of $1,895, 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 $21,900 per month.

Let's compare 85016, Phoenix, AZ's rent against other top cities nearby by bedroom size. One bedrooms are about 3.01% more expensive. Two bedrooms in 85016, Phoenix, AZ are about 6.67% more expensive. Finally, rent for three bedrooms are about 35.67% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near 85016, Phoenix, AZ in the following table.
City Studio 1 Bed 2 Bed All
Sun City, AZ N/A $1,800 $2,000 $1,995
Mesa, AZ $1,050 $1,224 $1,550 $1,995
Glendale, AZ $797 $999 $1,473 $2,023
Phoenix, AZ $825 $1,325 $1,700 $2,100
Avondale, AZ $1,099 $1,125 $1,447 $2,165
Tempe, AZ $1,615 $1,413 $1,772 $2,300
Chandler, AZ $1,360 $1,695 $1,920 $2,463
Fountain Hills, AZ $2,095 $1,975 $2,595 $2,800
Scottsdale, AZ $1,375 $1,900 $3,100 $4,000
Paradise Valley, AZ N/A $11,500 $18,000 $21,900

Top Neighborhoods Near 85016

There are a total of 11 neighborhoods in or near 85016. Some of these neighborhoods include Downtown Phoenix, Sun City, and Vistancia. We've included all of these top 11 neighborhoods in or near 85016, Phoenix, AZ in the following table.

The average rent for these 11 neighborhoods in or near 85016, Phoenix, AZ is currently around $3,200 per month. A total of 2 neighborhoods have a lower average rent. Meaning, only nine neighborhoods have a higher average rent than $3,200. Interestingly, the neighborhoods' average rent is higher than 85016's average rent, which is only $2,200. Out of all the neighborhoods in or near 85016, Downtown Phoenix has the most affordable average rent at $1,995 per month. Whereas, at $4,425 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
Downtown Phoenix, Phoenix, AZ $778 $1,914 $2,500 $1,995
Sun City, AZ N/A $1,800 $2,000 $1,995
Vistancia, Peoria, AZ N/A N/A $2,550 $2,400
Sun City West, AZ N/A $1,438 $2,600 $2,500
Arrowhead Ranch, Glendale, AZ N/A $1,830 $2,020 $2,595
Sun City Anthem, Anthem, AZ N/A $1,453 $3,675 $3,200
Scottsdale Ranch, Scottsdale, AZ N/A $2,548 $3,500 $3,500
Desert Ridge, Phoenix, AZ N/A $2,300 $2,950 $3,600
Downtown Scottsdale, Scottsdale, AZ $1,900 $2,795 $3,350 $3,697
Greyhawk, Scottsdale, AZ N/A $2,100 $3,225 $4,000
McCormick Ranch, Scottsdale, AZ $2,025 $2,250 $3,998 $4,425

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 $1,998. That's roughly around $19 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Pinal, AZ. Its average rent per month is $1,900. 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 10.40% more affordable than other counties nearby. In comparison, rent for one bedroom listings in 85016, Phoenix, AZ is 13.04% more expensive than other counties nearby. Finally, rent for two bedrooms in 85016, Phoenix, AZ is 11.33% more expensive than other counties nearby. We've listed all of these counties in the table below.
County Studio 1 Bed 2 Bed All
Pinal, AZ N/A $1,300 $1,699 $1,900
Yavapai, AZ $1,494 $1,198 $1,995 $1,998
Maricopa, AZ $966 $1,453 $1,999 $2,395

Top Zipcodes Near 85016

There are a total of 45 zipcodes in or near 85016, Phoenix, AZ. The average rent for all of these zipcodes is $2,200. A total of 21 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 85301, Glendale, AZ at $1,395 per month. In comparison, the zipcode with the most expensive average rent of $15,000 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 $1,385 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,850 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 $1,253 $1,946 $2,500 $3,000
85018, Phoenix, AZ $699 $1,385 $2,095 $2,700
85258, Maricopa County, AZ $2,025 $2,122 $3,600 $4,000
85281, Tempe, AZ $1,704 $1,664 $1,850 $2,195
85014, Phoenix, AZ $800 $1,099 $1,695 $1,650
85254, Phoenix, AZ $1,582 $1,978 $3,000 $4,275
85008, Phoenix, AZ $847 $1,248 $1,495 $1,495
85260, Scottsdale, AZ N/A $1,816 $3,275 $3,600
85255, Scottsdale, AZ N/A $2,200 $3,500 $5,000
85032, Phoenix, AZ $799 $1,525 $1,500 $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 $2,200. 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 $875 and an average price per square feet of $27.81. There are a total of 7 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 $1,495 and an average price per square feet of $23.27. There are a total of 56 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 $2,250 and an average price per square feet of $23.27. There are a total of 86 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 -0.22%, one bedroom rental prices have changed by 0.10%, two bedroom rental prices have changed by 0.23%, three bedroom rental prices have changed by 0.22% year-over-year.
What is a reasonable rent price in 85016, Phoenix, AZ?
A reasonable rent price in 85016, Phoenix, AZ is around $1,760/month. You can search for these reasonably priced rental listings on RentHop.
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