Adara
888 N 4th St,
Phoenix, AZ 85004
$692 - $3,461 Total Monthly Price
Studio - 4 Beds | 12 Month Lease
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 April 2026, the average apartment rent in Downtown Phoenix is $1,194 for a studio, $1,423 for one bedroom, $1,764 for two bedrooms, and $2,070 for three bedrooms. Apartment rent in Downtown Phoenix has decreased by -4.0% in the past year.
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Studio
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457 sq ft
Average Sq Ft
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$1,194/month
Average Rent
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1 BR
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686 sq ft
Average Sq Ft
-
$1,423/month
Average Rent
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2 BR
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974 sq ft
Average Sq Ft
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$1,764/month
Average Rent
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3 BR
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1,182 sq ft
Average Sq Ft
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$2,070/month
Average Rent
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Phoenix - Phoenix, AZ is for everyday living.
Fairly Walkable
Walkability
50
/ 100
Some Public Transit
Transit
50
/ 100
Exceptionally Drivable
Drivability
100
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Daily Essentials
Downtown Phoenix - Phoenix, AZ offers all daily essentials, but they’re limited to a few main areas.
Supermarket Within a 10 Minute Walk
Groceries
80
/ 100
Good Restaurant Variety Nearby
Restaurants
60
/ 100
Fair Café Variety Nearby
Cafes
50
/ 100
Good Variety of Shops Nearby
Shopping
60
/ 100
Recreation
Recreation options in Downtown Phoenix - Phoenix, AZ are limited, so staying active may require more planning.
Moderate Amount of Park Space Nearby
Parks
50
/ 100
Limited Wellness Amenity Variety Nearby
Wellness
30
/ 100
Local Vibe
Get a sense of what it’s like to live in Downtown Phoenix - Phoenix, AZ from everyday activity to noise and nightlife.
Mostly Calm Atmosphere
Vibrancy
30
/ 100
Fair Nightlife Variety Nearby
Nightlife
40
/ 100
Scores provided by
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 February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.