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Rental Market Trends in Payson, AZ

What is the average rent in Payson, AZ?

$1,393/month

Average Rent

728 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of April 2026, the average rent in Payson, AZ is $1,393 per month. This is 15% lower than the national average rent of $1,641/month, making renting in Payson more affordable than most cities in the US. When you rent an apartment in Payson, you can expect to pay about per month for a studio, $1,393 for a one-bedroom apartment, and around $1,313 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,159 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,393/month
728 Sq Ft
Two Bedroom
$1,313/month
840 Sq Ft
Three Bedroom
$2,159/month
1,560 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Three Bedroom
$2,983/month
1,507 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,622/month
0 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Payson, AZ?

In the past year, rent has increased by 0.8%, which averages out to $11 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Payson, AZ
Last Updated April 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 $1,393, you’ll want to make about $4,643 per month or $55,716 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

23 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.

Explore the Area Guide for Payson, AZ

Apartment Averages

Apartment communities in Payson we think you'll love

807 S Beeline Hwy

807 S Beeline Hwy

807 S Beeline Hwy,
Payson, AZ 85541

$950 Total Monthly Price

Studio

909 N Matterhorn Rd

909 N Matterhorn Rd

909 N Matterhorn Rd,
Payson, AZ 85541

$2,450

4 Beds

804 N Grapevine Dr

804 N Grapevine Dr

804 N Grapevine Dr,
Payson, AZ 85541

$6,500

3 Beds

805 N Grapevine Cir

805 N Grapevine Cir

805 N Grapevine Cir,
Payson, AZ 85541

$3,800

4 Beds

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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 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.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity