- US
- Arizona
- Maricopa County
- Phoenix city
Average Rent in Phoenix, AZ
Apartments & Houses by Size
Rentometer, Inc. | Data as of 11/14/2026
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Current rent in Phoenix (all property types)
- $1,082 Studio
- $1,499 1 Bedroom
- $1,659 2 Bedroom
- $2,413 3 Bedroom
- $3,613 4+ Bedroom
Phoenix rentals offer a dynamic blend of modern apartments and singleโfamily homes that cater to a wide spectrum of lifestyles. Whether youโre drawn to the vibrant nightlife of downtown, the familyโfriendly neighborhoods of Arcadia, or the scenic foothills near Camelback Mountain, the cityโs 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 oneโbedroom units often sit in the $1400 range. Twoโbedroom apartments generally rent in the $1800โ$1900 bracket, and larger threeโ and fourโplus bedroom layouts can reach the $2400s and higher. Comparable houses follow a similar pattern, with studio homes near the $1100s and fourโplus 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 yearโround sunshine, extensive outdoor recreation, and a robust publicโtransport network that connects residents to major employment centers and educational institutions. The city's commitment to sustainable development and growing residential amenitiesโsuch as petโfriendly parks, coโworking spaces, and boutique fitness centersโcontinues to attract renters looking for both comfort and community. Whether youโre a young professional, a growing family, or a retiree seeking an active urban setting, Phoenixโs 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 | $1,086 | $926 | $650 – $2,720 | $815 – $1,115 |
| Apartment | 1 Bedroom | $1,527 | $1,281 | $650 – $6,064 | $959 – $1,550 |
| Apartment | 2 Bedroom | $1,632 | $1,468 | $720 – $5,700 | $1,265 – $1,709 |
| Apartment | 3 Bedroom | $2,444 | $1,963 | $775 – $7,125 | $1,602 – $3,200 |
| Apartment | 4+ Bedroom | $6,695 | $6,200 | $1,830 – $13,600 | $2,788 – $10,719 |
| House | 1 Bedroom | $1,288 | $1,175 | $725 – $2,100 | $1,099 – $1,500 |
| House | 2 Bedroom | $1,745 | $1,822 | $700 – $3,000 | $1,425 – $2,100 |
| House | 3 Bedroom | $2,407 | $2,249 | $1,105 – $5,745 | $1,995 – $2,550 |
| House | 4+ Bedroom | $3,403 | $2,800 | $240 – $18,500 | $2,295 – $3,900 |
Current rent in Phoenix (all property types)
- $1,082 Studio
- $1,499 1 Bedroom
- $1,659 2 Bedroom
- $2,413 3 Bedroom
- $3,613 4+ Bedroom
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Area Profile
Demographic & economic context for this area
Demographics
Housing
Investor ratios
Derived from the ACS medians above — the typical unit in this area, not a specific property
Race & ethnicity
- White 47.9%
- Black 7.8%
- Hispanic 42.0%
- Asian 4.1%
Commute
Rent trend & yield
Derived from Rentometer listings, trailing 365 days (computed Nov 7, 2026) and ACS 2020โ2024 5-year estimates
New construction
Residential units permitted in 2025 (Census Building Permits Survey)
Economy
Housing affordability
Source: Rentometer listings (Rentometer listings, trailing 365 days (computed Nov 7, 2026)) ยท U.S. Census Bureau, ACS 2020โ2024 5-year estimates ยท U.S. Census Bureau Building Permits Survey, 2025 ยท U.S. Bureau of Labor Statistics, LAUS July 2026 ยท U.S. Bureau of Labor Statistics, QCEW Q4 2025 ยท HUD CHAS, CHAS 2018โ2022
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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.