Average Rent in Phoenix, AZ

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Current Versus Historical Phoenix, AZ Rents

Phoenix rentals average $823 for a studio rental to $3,150 for a 4-bedroom rental. The median price of all currently available listings is $2,088, or roughly $20 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 $709 (-44.49%) year-over-year from $1,594 to $885. 1-bedroom rentals prices have decreased by $213 (-13.74%) year-over-year from $1,550 to $1,337. 2-bedroom rentals prices have decreased by $55 (-3.12%) year-over-year from $1,765 to $1,710. 3-bedroom rentals prices have increased by $85 (3.84%) year-over-year from $2,215 to $2,300. 4-bedroom rentals prices have increased by $434 (15.70%) year-over-year from $2,766 to $3,200. 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 9.28% this month. 1-bedroom rents have gone up by 3.64% this month. 2-bedroom rents have gone up by 3.17% this month. 3-bedroom rents have gone up by 0.09% this month. 4-bedroom rents have gone up by 4.40% this month.

Beds	Price / Sqft	Aug 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$24.89	$885	$1,594 (-44.49%)	$1,666 (-46.89%)
1 BR	$22.91	$1,337	$1,550 (-13.74%)	$1,347 (-0.72%)
2 BR	$19.85	$1,710	$1,765 (-3.12%)	$1,647 (3.85%)
3 BR	$18.27	$2,300	$2,215 (3.84%)	$2,283 (0.73%)
4+ BR	$17.34	$3,200	$2,766 (15.70%)	$2,798 (14.35%)

Historical Rents in Phoenix, AZ

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Phoenix

There are a total of 19 cities nearby Phoenix. The average rent in Phoenix is currently $2,200 per month. A total of 5 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 Phoenix, AZ is Scottsdale, AZ. Monthly rents here are on average $4,000 per month.

Let's compare Phoenix, AZ's rent against other top cities nearby by bedroom size. Typically, rent for studios in Phoenix, AZ is 33.54% more affordable than other cities nearby. One bedrooms are about 10.38% more affordable. Two bedrooms in Phoenix, AZ are about 18.00% more affordable. Finally, rent for three bedrooms are about 4.35% more expensive. Want more information? Check out the top 10 cities out of 19 total cities near Phoenix, AZ in the following table.

City	Studio	1 Bed	2 Bed	All
Sun City, AZ	N/A	$1,748	$1,900	$1,948
Avondale, AZ	$1,099	$1,250	$1,447	$2,050
Glendale, AZ	$1,370	$999	$1,500	$2,095
Tempe, AZ	$1,555	$1,366	$1,650	$2,200
Surprise, AZ	$1,399	$1,621	$2,500	$2,200
Peoria, AZ	N/A	$1,323	$1,895	$2,350
Sun City West, AZ	N/A	$1,488	$2,550	$2,600
Fountain Hills, AZ	$1,513	$2,000	$2,195	$2,700
Anthem, AZ	N/A	$1,435	$3,500	$3,100
Scottsdale, AZ	$1,207	$1,890	$3,250	$4,000

Top Neighborhoods Near Phoenix

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

The average rent for these 10 neighborhoods in or near 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 Phoenix's average rent, which is only $2,088. Out of all the neighborhoods in or near 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 Phoenix. 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 Phoenix

There are a total of 2 counties located by Phoenix, AZ. Some of these counties include Yavapai, AZ and Maricopa, AZ. The average rent for rentals in these counties is $2,273. That's roughly around $19 per sqft. The county that is the most affordable is Yavapai, AZ. Its average rent per month is $2,195. Vice versa, with an average rent of $2,350, Maricopa, AZ is the most expensive county by Phoenix, AZ.

Typically, rent for studios in Phoenix, AZ is 48.48% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Phoenix, AZ is 3.73% more affordable than other counties nearby. Finally, rent for two bedrooms in Phoenix, AZ is 24.82% more affordable than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Yavapai, AZ	$1,444	$1,269	$2,245	$2,195
Maricopa, AZ	$1,000	$1,428	$1,999	$2,350

Top Zipcodes Near Phoenix

There are a total of 38 zipcodes in or near Phoenix, AZ. The average rent for all of these zipcodes is $2,198. A total of 15 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.

Studios in these zipcodes have an average rent of $673. That's at least $19 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Phoenix, AZ is $1,400 per month. Or in other words, $23 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,749 per month. Which comes out to $20 per sqft. The following table includes the top 10 zipcodes in 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
85016, Phoenix, AZ	$862	$1,413	$1,980	$1,995
85018, Phoenix, AZ	$649	$1,540	$2,000	$2,695
85258, Maricopa County, AZ	$2,025	$2,066	$3,948	$4,200
85032, Phoenix, AZ	$1,200	$1,595	$1,600	$2,127
85254, Phoenix, AZ	$1,556	$1,800	$3,000	$4,000
85021, Phoenix, AZ	$697	$1,099	$1,299	$1,399
85020, Phoenix, AZ	N/A	$1,123	$1,650	$1,795
85260, Scottsdale, AZ	N/A	$1,776	$3,500	$3,750
85255, Scottsdale, AZ	N/A	$1,870	$3,800	$5,200

Frequently Asked Questions - Phoenix Average Rents

What is the average rent price in Phoenix, AZ?

The average monthly rental price for Phoenix, AZ apartments for rent is approximately $2,088. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do 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 Phoenix, AZ.

How much is a studio apartment in Phoenix, AZ?

The average monthly rental price for studio apartments is $823 and an average price per square feet of $24.89. There are a total of 69 studio apartment listings currently available for rent in Phoenix.

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

The average monthly rental price for one bedroom apartments is $1,300 and an average price per square feet of $22.91. There are a total of 483 one bedroom apartment listings currently available for rent in Phoenix.

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

The average monthly rental price for two bedroom apartments is $1,700 and an average price per square feet of $19.85. There are a total of 926 two bedroom apartment listings currently available for rent in Phoenix.

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

Rent prices for rentals in Phoenix, AZ can fluctuate yearly. Specifically, studio rental prices have changed by -0.44%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by -0.03%, three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Phoenix, AZ?

A reasonable rent price in Phoenix, AZ is around $1,670/month. You can search for these reasonably priced rental listings on RentHop.