Average Rent in Phoenix, AZ

Apartments & Houses by Size

Rentometer, Inc. | Data as of 08/11/2026

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Phoenix rentals offer a dynamic blend of modern apartments and single‑family homes that cater to a wide spectrum of lifestyles. Whether you’re drawn to the vibrant nightlife of downtown, the family‑friendly neighborhoods of Arcadia, or the scenic foothills near Camelback Mountain, the city’s housing inventory provides options that balance convenience with the iconic Southwest charm. Renters benefit from easy access to cultural attractions such as the Desert Botanical Garden, a thriving arts scene, and an expanding job market anchored by technology, healthcare, and aerospace industries.

The Phoenix housing market remains competitively priced across property types. Studio apartments typically fall into the $1200s, while one‑bedroom units often sit in the $1400 range. Two‑bedroom apartments generally rent in the $1800‑$1900 bracket, and larger three‑ and four‑plus bedroom layouts can reach the $2400s and higher. Comparable houses follow a similar pattern, with studio homes near the $1100s and four‑plus bedroom homes approaching the $3200 range. Median rents align closely with these averages, offering a reliable benchmark for prospective tenants seeking affordable yet spacious living environments.

Beyond the numbers, Phoenix delivers a lifestyle enriched by year‑round sunshine, extensive outdoor recreation, and a robust public‑transport network that connects residents to major employment centers and educational institutions. The city's commitment to sustainable development and growing residential amenities—such as pet‑friendly parks, co‑working spaces, and boutique fitness centers—continues to attract renters looking for both comfort and community. Whether you’re a young professional, a growing family, or a retiree seeking an active urban setting, Phoenix’s rental market provides a welcoming foundation for your next chapter.

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Phoenix Rent by Property Type & Bedroom Count

Averages, medians, and ranges across recent rental listings

Property Type Bedrooms Average Median Min – Max 25th – 75th
Apartment Studio $1,031 $897 $699 – $1,744 $805 – $1,288
Apartment 1 Bedroom $1,309 $1,252 $329 – $2,899 $1,000 – $1,512
Apartment 2 Bedroom $1,616 $1,550 $789 – $3,623 $1,249 – $1,900
Apartment 3 Bedroom $1,910 $1,770 $595 – $5,525 $1,644 – $2,097
Apartment 4+ Bedroom $4,136 $4,155 $1,700 – $6,534 $1,777 – $6,534
House 1 Bedroom $1,390 $1,499 $510 – $2,050 $895 – $2,000
House 2 Bedroom $1,835 $1,750 $800 – $3,200 $1,495 – $2,095
House 3 Bedroom $2,357 $2,205 $750 – $5,999 $1,965 – $2,595
House 4+ Bedroom $3,337 $2,747 $1,775 – $17,000 $2,395 – $3,200

Current rent in Phoenix (all property types): Studio $1,032, 1 Bedroom $1,313, 2 Bedroom $1,664, 3 Bedroom $2,312, 4+ Bedroom $3,366.

ACS 2020–2024 5-year estimates: median gross rent $1,582

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Area Profile

Demographic & economic context for this area

Demographics

$81,332
Median household income
34.9
Median age
33.6%
Bachelor’s degree or higher
13.7%
Poverty rate

Housing

$420,700
Median home value
$1,850
Median property tax
0.46%
Effective property tax rate
42.7%
Renter share
6.5%
Vacancy rate
49.1%
Cost-burdened renters

Race & ethnicity

  • White 47.9%
  • Black 7.8%
  • Hispanic 42.0%
  • Asian 4.1%

Commute

25.6 min average

New construction

Residential units permitted in 2025 (Census Building Permits Survey)

10,584
Units permitted
3,154
Single-family
7,430
Multi-family (2+ units)
6,694
5+ unit buildings (rental supply)
↑ +17.6%
YoY vs. 2024

Economy

3.7%
Unemployment (April 2026)
$1,476
Avg. weekly wage (Q4 2024)
↑ 6.9% YoY

Housing affordability

44.8%
Cost-burdened renters (paying >30% of income on housing)
21.3%
Severely cost-burdened (paying >50% of income on housing)

Source: U.S. Census Bureau, ACS 2020–2024 5-year estimates · U.S. Census Bureau Building Permits Survey, 2025 · U.S. Bureau of Labor Statistics, LAUS April 2026 · U.S. Bureau of Labor Statistics, QCEW Q4 2024 · HUD CHAS, CHAS 2018–2022


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About this data

Rent statistics, listings analysis, and visualizations on this page are produced by Rentometer, Inc.

If you cite, share, or republish data from this report, please credit Rentometer.

About this data