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 $1,248/month, North Mountain Village , where renters pay $1,266/mo on average, and Maryvale , where the average rent goes for $1,390/mo. If you’re looking for other great deals, check out the listings from Central City ($1,404), Deer Valley Village ($1,420), and Encanto Village ($1,486), where the asking prices are below the average Phoenix rent of $1,510/mo.

What is the average rent in Phoenix?

The average rent for an apartment in Phoenix is $1,510. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Phoenix, AZ

Last updated June 2025

Average Rent	Average Apartment Size
$1,510	818 sq. ft.

What is the average apartment size in Phoenix?

The average size for a Phoenix, AZ apartment is 818 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

258,028 or 43% of the households in Phoenix, AZ are renter-occupied while 343,369 or 57% 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
Valley Vista	$2,216
Desert View	$2,006
Downtown Phoenix	$1,998
Sonoran Foothills	$1,838
Dynamite Mountain Ranch	$1,822
Estrella Village	$1,674
Ahwatukee Foothills	$1,661
Tramonto	$1,655
Amber Hills	$1,587
South Mountain Highland Terrace	$1,576
Biltmore	$1,570
Paradise Valley Village	$1,563
East Phoenix	$1,506
Camelback East	$1,498
Encanto Village	$1,486
Deer Valley Village	$1,420
Central City	$1,404
Maryvale	$1,390
North Mountain Village	$1,266
Alhambra	$1,248

What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Alhambra, where the average rent goes for $1,248/month, North Mountain Village, where renters pay $1,266/mo on average, and Maryvale, where the average rent goes for $1,390/mo. If you’re looking for other great deals, check out the listings from Central City ($1,404), Deer Valley Village ($1,420), and Encanto Village ($1,486), where the asking prices are below the average Phoenix rent of $1,510/mo.

What are the most expensive neighborhoods in Phoenix?

The most expensive neighborhoods in Phoenix are Downtown Phoenix ($1,998), Desert View ($2,006) and Valley Vista ($2,216).

What are the most popular neighborhoods in Phoenix?

The most popular neighborhood in Phoenix is Encanto Village, where there are 59 listings with an average rent of $1,486. Next up is Alhambra, where apartments go for $1,248/month, followed by North Mountain Village with $1,266 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out Camelback East, where renters pay $1,498 on average, and Deer Valley Village, where the average monthly rent is $1,420.

Phoenix | Rent Comparison by Neighborhood

Rent in Ahwatukee Foothills is 33% higher than in Alhambra

$1,661

Ahwatukee Foothills rent is 10% higher than Phoenix average

Average Rent $1,661

$1,248

Alhambra rent is 17% lower than Phoenix average

Average Rent $1,248

How Phoenix Compares to Other Cities

State	Average Rent
Phoenix	$1,510
Tucson	$1,249
Mesa	$1,488
Scottsdale	$2,071
Glendale	$1,424
Tempe	$1,816
Chandler	$1,731
Surprise	$1,705
San Tan Valley	$1,943
Gilbert	$1,754
Peoria	$1,607
Buckeye	$1,915
Avondale	$1,639
Goodyear	$1,690
Queen Creek	$1,916
Casa Grande	$1,457
Maricopa	$1,729
Apache Junction	$1,574
Laveen, AZ	$1,827
Florence, AZ	$1,175

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 $131.42. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.