Phoenix, AZ Rental Market Trends

Q: What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Alhambra , where the average rent goes for $1,286/month, North Mountain Village , where renters pay $1,350/mo on average, and Deer Valley Village , where the average rent goes for $1,422/mo.

What is the average rent in Phoenix?

The average rent for an apartment in Phoenix is $1,534. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Phoenix, AZ

Last updated November 2023

Average Rent	Average Apartment Size
$1,534	808 sq. ft.

What is the average apartment size in Phoenix?

The average size for a Phoenix, AZ apartment is 808 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Phoenix, AZ apartment rent ranges

Phoenix, AZ Occupied Housing Units

257,538 or 44% of the households in Phoenix, AZ are renter-occupied while 333,631 or 56% are owner-occupied.

Phoenix, AZ rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Phoenix, AZ By Neighborhood

City	Average Rent
South Mountain Highland Terrace	$1,673
Biltmore	$1,616
Camelback East	$1,544
Deer Valley Village	$1,422
North Mountain Village	$1,350
Alhambra	$1,286

What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Alhambra, where the average rent goes for $1,286/month, North Mountain Village, where renters pay $1,350/mo on average, and Deer Valley Village, where the average rent goes for $1,422/mo.

What are the most expensive neighborhoods in Phoenix?

The most expensive neighborhoods in Phoenix are Camelback East ($1,544), Biltmore ($1,616) and South Mountain Highland Terrace ($1,673).

What are the most popular neighborhoods in Phoenix?

The most popular neighborhood in Phoenix is Deer Valley Village, where there are 7 listings with an average rent of $1,422. Next up is Alhambra, where apartments go for $1,286/month, followed by Camelback East with $1,544 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Biltmore, where renters pay $1,616 on average, and North Mountain Village, where the average monthly rent is $1,350.

Phoenix | Rent Comparison by Neighborhood

Rent in Alhambra is 20% lower than in Biltmore

$1,286

Alhambra rent is 16% lower than Phoenix average

Average Rent $1,286

$1,616

Biltmore rent is 5% higher than Phoenix average

Average Rent $1,616

How Phoenix Compares to Other Cities

State	Average Rent
Phoenix	$1,534
Tucson	$1,281
Chandler	$1,780
Peoria	$1,673
Tempe	$1,912
Gilbert	$1,848
Mesa	$1,502
Avondale	$1,568
Glendale	$1,469
Litchfield Park	$1,799
Scottsdale	$2,045

What is the average price for a storage unit in Phoenix?

The average rent for a non-climate-controlled 10'x10' storage unit in Phoenix is $141.36. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.