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Rental Market Trends in Payson, AZ

Updated August 2026

The average rent in Payson, AZ is $1,398/month.

Rent in Payson is 16% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.

$1,398/month

Average Rent

728 Sq Ft

Average Size

-3%

Change / Year

19

Available Apartments

Payson rent varies by unit size and layout:

  • Studio apartments in Payson average per month.
  • One-bedroom apartments in Payson average $1,398 per month.
  • Two-bedroom apartments in Payson average $1,317 per month.
  • Three-bedroom apartments in Payson average $2,166 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,398/month
728 Sq Ft
Two Bedroom
$1,317/month
840 Sq Ft
Three Bedroom
$2,166/month
1,560 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$1,880/month
360 Sq Ft
View Payson Apartments

How much has average rent changed in Payson, AZ?

In the past year, rent has decreased by 3%, which averages out to $41 less per month.

Market Trends Over Time

August 2026

2025 2026
Market Trends Over Time

Rent Ranges in Payson, AZ

August 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Payson, AZ
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
67% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Payson, AZ?

Because the average rent in Payson is $1,398, you’ll want to make about $4,660 per month or $55,920 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Payson, AZ

19 Available Apartments for Rent

Search for Nearby Apartments

How does Payson, AZ compare to other nearby cities and neighborhoods?

Use the tool below to compare Payson, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Payson Area Guide

Apartment Averages

Apartment Communities in Payson We Think You'll Love

905 N Beeline Hwy

905 N Beeline Hwy

905 N Beeline Hwy,
Payson, AZ 85541

3 Beds | $2,000

1003 N Matterhorn Rd

1003 N Matterhorn Rd

1003 N Matterhorn Rd,
Payson, AZ 85541

2 Beds | $2,195

1007 W Saddle Ln

1007 W Saddle Ln

1007 W Saddle Ln,
Payson, AZ 85541

5 Beds | $2,850

600 E Spruce Cir

600 E Spruce Cir

600 E Spruce Cir,
Payson, AZ 85541

2 Beds | $1,750

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Frequently Asked Questions

What is the average rent in Payson?

The average rent in Payson is $1,398 per month, which is 15.9% lower than the national average of $1,663.

Are rents going up or down in Payson?

Rents in Payson, AZ are decreasing, with prices down 3.0% year-over-year and $41 less per month.

What rent range is most common in Payson?

In Payson, AZ, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.

United States Arizona Payson Rental Trends

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 June 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity