Average Rent in Downtown Phoenix, Phoenix, AZ

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Current Versus Historical Downtown Phoenix, Phoenix, AZ Rents

Downtown Phoenix rentals average $1,099 for a studio rental to $3,499 for a 3-bedroom rental. The median price of all currently available listings is $2,147, or roughly $28 per square feet.

For the apartment units and housing in August 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $605 (-35.50%) year-over-year from $1,704 to $1,099. 1-bedroom rentals prices have decreased by $114 (-5.37%) year-over-year from $2,127 to $2,013. 2-bedroom rentals prices have decreased by $610 (-18.45%) year-over-year from $3,307 to $2,697. 3-bedroom rentals prices have decreased by $784 (-18.31%) year-over-year from $4,283 to $3,499. 4-bedroom rentals prices have increased by $2,457 (55.31%) year-over-year from $4,443 to $6,900. 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 up by 31.46% this month. 1-bedroom rents have gone up by 11.84% this month. 2-bedroom rents have gone up by 7.21% this month. 3-bedroom rents have gone down by 2.39% this month. 4-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$26.38	$1,099	$1,704 (-35.50%)	$1,803 (-39.05%)
1 BR	$26.81	$2,013	$2,127 (-5.37%)	$2,614 (-22.99%)
2 BR	$29.03	$2,697	$3,307 (-18.45%)	$3,628 (-25.66%)
3 BR	$33.35	$3,499	$4,283 (-18.31%)	$3,004 (16.47%)

Historical Rents in Downtown Phoenix, Phoenix, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Downtown Phoenix

There are a total of 21 cities nearby Downtown Phoenix. The average rent in Downtown Phoenix is currently $2,200 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 $1,829, is the most affordable city nearby. In contrast, the most expensive city near Downtown Phoenix, Phoenix, AZ is Paradise Valley, AZ. Monthly rents here are on average $20,000 per month.

Let's compare Downtown Phoenix, Phoenix, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Downtown Phoenix, Phoenix, AZ is 26.21% more expensive than other cities nearby. One bedrooms are about 25.03% more expensive. Two bedrooms in Downtown Phoenix, Phoenix, AZ are about 25.57% more expensive. Finally, rent for three bedrooms are about 34.27% more expensive. Want more information? Check out the top 10 cities out of 21 total cities near Downtown Phoenix, Phoenix, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Sun City, AZ	N/A	$1,748	$1,850	$1,900
Mesa, AZ	$1,088	$1,195	$1,511	$1,995
Phoenix, AZ	$811	$1,300	$1,700	$2,050
Glendale, AZ	$1,370	$995	$1,500	$2,095
Avondale, AZ	$1,099	$1,250	$1,447	$2,095
Goodyear, AZ	$1,599	$1,749	$2,006	$2,195
Tempe, AZ	$1,515	$1,368	$1,700	$2,200
Chandler, AZ	$1,360	$1,503	$1,900	$2,497
Scottsdale, AZ	$1,207	$1,895	$3,250	$4,000
Paradise Valley, AZ	N/A	$11,500	$17,000	$20,000

Top Neighborhoods Near Downtown Phoenix

There are a total of 9 neighborhoods in or near Downtown Phoenix. Some of these neighborhoods include Sun City, Vistancia, and Arrowhead Ranch. We've included all of these top 9 neighborhoods in or near Downtown Phoenix, Phoenix, AZ in the following table.

The average rent for these 9 neighborhoods in or near Downtown Phoenix, Phoenix, AZ is currently around $3,000 per month. A total of one neighborhood has a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,000. Interestingly, the neighborhoods' average rent is higher than Downtown Phoenix's average rent, which is only $2,147. Out of all the neighborhoods in or near Downtown Phoenix, 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 Downtown Phoenix. View the following table for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Sun City, AZ	N/A	$1,748	$1,850	$1,900
Vistancia, Peoria, AZ	N/A	N/A	$2,650	$2,375
Arrowhead Ranch, Glendale, AZ	N/A	$1,830	$2,000	$2,400
Sun City West, AZ	N/A	$1,488	$2,600	$2,600
Sun City Anthem, Anthem, AZ	N/A	$1,435	$3,500	$3,000
Downtown Scottsdale, Scottsdale, AZ	$1,295	$2,750	$3,250	$3,599
Scottsdale Ranch, Scottsdale, AZ	N/A	$3,400	$3,800	$3,750
Greyhawk, Scottsdale, AZ	N/A	$1,850	$3,375	$4,200
McCormick Ranch, Scottsdale, AZ	$2,025	$2,250	$3,995	$4,490

Top Counties Near Downtown Phoenix

There are a total of 1 counties located by Downtown Phoenix, Phoenix, AZ. One county in the area is Maricopa, AZ. The average rent for rentals in these counties is $2,350. That's roughly around $20 per sqft. The county that is the most affordable is Maricopa, AZ. Its average rent per month is $2,350. Vice versa, with an average rent of $2,350, Maricopa, AZ is the most expensive county by Downtown Phoenix, Phoenix, AZ.

Typically, rent for studios in Downtown Phoenix, Phoenix, AZ is 11.74% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Downtown Phoenix, Phoenix, AZ is 25.55% more expensive than other counties nearby. Finally, rent for two bedrooms in Downtown Phoenix, Phoenix, AZ is 25.83% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Maricopa, AZ	$970	$1,425	$1,999	$2,350

Top Zipcodes Near Downtown Phoenix

There are a total of 41 zipcodes in or near Downtown Phoenix, Phoenix, AZ. The average rent for all of these zipcodes is $2,200. A total of 17 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 $1,299 per month. In comparison, the zipcode with the most expensive average rent of $14,995 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 Downtown Phoenix, Phoenix, AZ is $1,399 per month. Or in other words, $24 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,773 per month. Which comes out to $20 per sqft. The following table includes the top 10 zipcodes in Downtown Phoenix, Phoenix, AZ. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
85006, Phoenix, AZ	$888	$1,099	$1,525	$1,350
85014, Phoenix, AZ	$783	$1,099	$1,750	$1,780
85013, Phoenix, AZ	$737	$1,264	$1,648	$1,700
85016, Phoenix, AZ	$875	$1,400	$1,995	$1,995
85040, Phoenix, AZ	N/A	$1,357	$1,441	$1,700
85015, Phoenix, AZ	$628	$1,110	$1,250	$1,399
85041, Phoenix, AZ	N/A	$900	$1,719	$2,195
85008, Phoenix, AZ	$823	$1,199	$1,539	$1,350
85018, Phoenix, AZ	$699	$1,520	$2,000	$2,695
85042, Phoenix, AZ	N/A	$1,325	$1,900	$2,295

Frequently Asked Questions - Downtown Phoenix Average Rents

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

The average monthly rental price for Downtown Phoenix, Phoenix, AZ apartments for rent is approximately $2,147. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Downtown Phoenix, 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 Downtown Phoenix, Phoenix, AZ.

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

The average monthly rental price for studio apartments is $1,099 and an average price per square feet of $26.38. There are a total of 7 studio apartment listings currently available for rent in Downtown Phoenix.

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

The average monthly rental price for one bedroom apartments is $1,914 and an average price per square feet of $26.81. There are a total of 23 one bedroom apartment listings currently available for rent in Downtown Phoenix.

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

The average monthly rental price for two bedroom apartments is $2,695 and an average price per square feet of $29.03. There are a total of 19 two bedroom apartment listings currently available for rent in Downtown Phoenix.

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

Rent prices for rentals in Downtown Phoenix, Phoenix, AZ can fluctuate yearly. Specifically, studio rental prices have changed by -0.36%, one bedroom rental prices have changed by -0.05%, two bedroom rental prices have changed by -0.18%, three bedroom rental prices have changed by -0.18% year-over-year.

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

A reasonable rent price in Downtown Phoenix, Phoenix, AZ is around $1,718/month. You can search for these reasonably priced rental listings on RentHop.