Adara
888 N 4th St,
Phoenix, AZ 85004
Studio - 4 Beds | $756 - $3,082
Rental Market Trends in Phoenix, AZ
Updated August 2026
The average rent in Phoenix, AZ is $1,306/month.
Rent in Phoenix is 21% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$1,306/month
Average Rent
682 Sq Ft
Average Size
-0.9%
Change / Year
18,920
Available Apartments
Phoenix rent varies by unit size and layout:
- Studio apartments in Phoenix average $1,105 per month.
- One-bedroom apartments in Phoenix average $1,306 per month.
- Two-bedroom apartments in Phoenix average $1,569 per month.
- Three-bedroom apartments in Phoenix average $2,089 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Phoenix, AZ?
In the past year, rent has decreased by 0.9%, which averages out to $11 less per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Phoenix, AZ
August 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
13%
Below $700/month
20%
$700 - $1,000/month
42%
$1,001 - $1,500/month
18%
$1,501 - $2,000/month
7%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Phoenix?
Based on current rent prices, Metrocenter, Estrella and North Mountain are the most affordable neighborhoods in Phoenix.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Phoenix?
Based on current rent prices, Warehouse District, Roosevelt Row and Central City are the most expensive neighborhoods in Phoenix.
Neighborhood
Average Rent
Average Sq Ft
Which Phoenix neighborhoods have the most rentals available?
The neighborhoods in Phoenix with the most apartments available are Downtown Phoenix, North Phoenix and Central City .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Phoenix, AZ?
Because the average rent in Phoenix is $1,306, you’ll want to make about $4,353 per month or $52,236 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.
Cost of Living
The cost of living in Phoenix, AZ is 4.9% higher than the national average. Generally, housing in Phoenix is 10.5% more expensive than the national average, with rent falling between $1,105 - $2,089. You can expect to pay 2.9% more for groceries, 6.3% more for utilities, and 10.0% more for transportation.
How does Phoenix, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Phoenix, 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 Phoenix Area GuideStudio
$873/month
$1,765/month
One Bedroom
$1,045/month
$1,937/month
Two Bedroom
$1,367/month
$2,924/month
Three Bedroom
$1,743/month
$3,569/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Sun City
Avg Rent: $1,461/month
-
Paradise Valley
Avg Rent: $2,484/month
-
Youngtown
Avg Rent: $1,249/month
-
Glendale
Avg Rent: $1,168/month
-
El Mirage
Avg Rent: $1,161/month
-
Tolleson
Avg Rent: $1,400/month
-
Litchfield Park
Avg Rent: $1,471/month
-
Peoria
Avg Rent: $1,404/month
Apartment Communities in Phoenix We Think You'll Love
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Frequently Asked Questions
What is the average rent in Phoenix?
The average rent in Phoenix is $1,306 per month, which is 21.5% lower than the national average of $1,663.
What is the average rent for a house in Phoenix?
The average rent for a house in Phoenix, AZ is $2,903 per month.
What is the average rent for a townhome in Phoenix?
The average rent for a townhome in Phoenix, AZ is $2,413 per month.
What is the average rent for a condo in Phoenix?
The average rent for a condo in Phoenix, AZ is $1,461 per month.
Are rents going up or down in Phoenix?
Rents in Phoenix, AZ are decreasing, with prices down 0.9% year-over-year and $11 less per month.
What rent range is most common in Phoenix?
In Phoenix, AZ, 42% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.