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 $1,236/month, North Mountain Village , where renters pay $1,264/mo on average, and Maryvale , where the average rent goes for $1,381/mo. If you’re looking for other great deals, check out the listings from Central City ($1,392), Deer Valley Village ($1,409), and Encanto Village ($1,475), where the asking prices are below the average Phoenix rent of $1,505/mo.

What is the average rent in Phoenix?

The average rent for an apartment in Phoenix is $1,505. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Phoenix, AZ

Last updated August 2025

Average Rent	Average Apartment Size
$1,505	821 sq. ft.

What is the average apartment size in Phoenix?

The average size for a Phoenix, AZ apartment is 821 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	$2,233
Desert View	$2,023
Downtown Phoenix	$2,014
Sonoran Foothills	$1,945
Dynamite Mountain Ranch	$1,829
Estrella Village	$1,677
Ahwatukee Foothills	$1,632
Tramonto	$1,607
Amber Hills	$1,581
South Mountain Highland Terrace	$1,564
Biltmore	$1,557
Paradise Valley Village	$1,551
Camelback East	$1,484
East Phoenix	$1,480
Encanto Village	$1,475
Deer Valley Village	$1,409
Central City	$1,392
Maryvale	$1,381
North Mountain Village	$1,264
Alhambra	$1,236

What are the most affordable neighborhoods in Phoenix?

The most affordable neighborhoods in Phoenix are Alhambra, where the average rent goes for $1,236/month, North Mountain Village, where renters pay $1,264/mo on average, and Maryvale, where the average rent goes for $1,381/mo. If you’re looking for other great deals, check out the listings from Central City ($1,392), Deer Valley Village ($1,409), and Encanto Village ($1,475), where the asking prices are below the average Phoenix rent of $1,505/mo.

What are the most expensive neighborhoods in Phoenix?

The most expensive neighborhoods in Phoenix are Downtown Phoenix ($2,014), Desert View ($2,023) and Valley Vista ($2,233).

What are the most popular neighborhoods in Phoenix?

The most popular neighborhood in Phoenix is Encanto Village, where there are 76 listings with an average rent of $1,475. Next up is Alhambra, where apartments go for $1,236/month, followed by Camelback East with $1,484 If you’re looking to rent in Phoenix’s most popular neighborhoods, make sure to also check out North Mountain Village, where renters pay $1,264 on average, and Paradise Valley Village, where the average monthly rent is $1,551.

Phoenix | Rent Comparison by Neighborhood

Rent in Ahwatukee Foothills is 32% higher than in Alhambra

$1,632

Ahwatukee Foothills rent is 8% higher than Phoenix average

Average Rent $1,632

$1,236

Alhambra rent is 18% lower than Phoenix average

Average Rent $1,236

How Phoenix Compares to Other Cities

State	Average Rent
Phoenix	$1,505
Tucson	$1,226
Mesa	$1,479
Scottsdale	$2,067
Glendale	$1,424
Tempe	$1,799
Chandler	$1,719
Gilbert	$1,769
Surprise	$1,701
Peoria	$1,602
Goodyear	$1,667
San Tan Valley	$1,895
Buckeye	$1,869
Casa Grande	$1,425
Avondale	$1,632
Queen Creek	$1,912
Apache Junction	$1,573
Maricopa, AZ	$1,731
Laveen, AZ	$1,829
Florence, AZ	$1,162

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.