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 $1,249/month, North Mountain Village , where renters pay $1,270/mo on average, and Maryvale , where the average rent goes for $1,386/mo. If you’re looking for other great deals, check out the listings from Central City ($1,399), Deer Valley Village ($1,429), and Encanto Village ($1,482), where the asking prices are below the average Phoenix rent of $1,513/mo.

What is the average rent in Phoenix?

The average rent for an apartment in Phoenix is $1,513. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Phoenix, AZ

Last updated July 2025

Average Rent	Average Apartment Size
$1,513	819 sq. ft.

What is the average apartment size in Phoenix?

The average size for a Phoenix, AZ apartment is 819 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	$2,235
Desert View	$2,036
Downtown Phoenix	$2,005
Sonoran Foothills	$1,899
Dynamite Mountain Ranch	$1,834
Estrella Village	$1,676
Ahwatukee Foothills	$1,647
Tramonto	$1,635
Amber Hills	$1,587
South Mountain Highland Terrace	$1,578
Biltmore	$1,569
Paradise Valley Village	$1,563
Camelback East	$1,497
East Phoenix	$1,487
Encanto Village	$1,482
Deer Valley Village	$1,429
Central City	$1,399
Maryvale	$1,386
North Mountain Village	$1,270
Alhambra	$1,249

What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Alhambra, where the average rent goes for $1,249/month, North Mountain Village, where renters pay $1,270/mo on average, and Maryvale, where the average rent goes for $1,386/mo. If you’re looking for other great deals, check out the listings from Central City ($1,399), Deer Valley Village ($1,429), and Encanto Village ($1,482), where the asking prices are below the average Phoenix rent of $1,513/mo.

What are the most expensive neighborhoods in Phoenix?

The most expensive neighborhoods in Phoenix are Downtown Phoenix ($2,005), Desert View ($2,036) and Valley Vista ($2,235).

What are the most popular neighborhoods in Phoenix?

The most popular neighborhood in Phoenix is Encanto Village, where there are 69 listings with an average rent of $1,482. Next up is Alhambra, where apartments go for $1,249/month, followed by Camelback East with $1,497 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out North Mountain Village, where renters pay $1,270 on average, and East Phoenix, where the average monthly rent is $1,487.

Phoenix | Rent Comparison by Neighborhood

Rent in Ahwatukee Foothills is 32% higher than in Alhambra

$1,647

Ahwatukee Foothills rent is 9% higher than Phoenix average

Average Rent $1,647

$1,249

Alhambra rent is 17% lower than Phoenix average

Average Rent $1,249

How Phoenix Compares to Other Cities

State	Average Rent
Phoenix	$1,513
Tucson	$1,237
Mesa	$1,489
Scottsdale	$2,065
Tempe	$1,809
Glendale	$1,432
Chandler	$1,727
Gilbert	$1,773
Peoria	$1,606
Surprise	$1,703
San Tan Valley	$1,938
Goodyear	$1,680
Avondale	$1,631
Casa Grande	$1,432
Buckeye	$1,866
Queen Creek	$1,909
Maricopa	$1,731
Laveen, AZ	$1,834
Apache Junction, AZ	$1,572
Florence, AZ	$1,171

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 $131.71. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.