Adara
888 N 4th St,
Phoenix, AZ 85004
$740 - $3,000
Studio - 4 Beds
Downtown Phoenix
Phoenix, AZ
Downtown Phoenix - Phoenix, AZ
Area Guide
The Valley of the Sun’s best place to live, work, and play.
Walkable
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Public Transportation
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Parks
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Art
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Dining
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Sports
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Affordable
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Downtown Phoenix is home to some of Arizona's most important cultural institutions, entertainment centers and professional sports teams, so residents never need to go far to find fun. The dining scene is top notch, featuring an eclectic mix of over 100 restaurants to satisfy any appetite. Performance venues of every size host symphony orchestras, rock bands, comedy shows, and theater productions regularly. A variety of museums and the University of Arizona campus boost the area’s intellectual capital, and residents enjoy quick access to pro baseball and basketball games just down the street.
As a major commercial center, the neighborhood’s high rises house dozens of corporate offices, making it an ideal spot for urban professionals who want the ability to walk to work. The extensive sidewalk system makes it easy to walk anywhere, and green spaces like the lush Margaret T. Hance Park provide gorgeous oases in the desert sun. Located in the south central section of the Phoenix Valley, Downtown Phoenix lies within an easy drive of Mesa, Tempe, and the South Mountains. When you're ready to get out of town, the Phoenix Sky Harbor International Airport is just a short train ride away.
Rent Trends
As of December 2025, the average apartment rent in Downtown Phoenix is $1,200 for a studio, $1,437 for one bedroom, $1,739 for two bedrooms, and $2,044 for three bedrooms. Apartment rent in Downtown Phoenix has decreased by -3.7% in the past year.
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Studio
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465 sq ft
Average Sq Ft
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$1,200/month
Average Rent
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1 BR
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687 sq ft
Average Sq Ft
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$1,437/month
Average Rent
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2 BR
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974 sq ft
Average Sq Ft
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$1,739/month
Average Rent
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3 BR
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1,129 sq ft
Average Sq Ft
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$2,044/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Eastlake Park
- Margaret T. Hance Park
- Children's Museum of Phoenix
- Arizona Science Center
- Civic Space Park
Commuter Rail
Airports
- Phoenix Sky Harbor International
- Phoenix-Mesa Gateway
Top Apartments in Downtown Phoenix
Houses for Rent in Downtown Phoenix
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.