Rentometer, Inc. | Data as of 10/22/2025
Phoenix’s rental market reflects the city’s vibrant growth and its blend of urban excitement with Southwestern charm. From the bustling streets of Downtown and the upscale Biltmore district to the family‑friendly neighborhoods of Ahwatukee and North Phoenix, renters enjoy easy access to world‑class dining, cultural venues like the Phoenix Art Museum, and outdoor escapes such as Camelback Mountain and the Desert Botanical Garden. The city’s year‑round sunshine, extensive light‑rail system, and proximity to Sky Harbor International Airport make it a magnet for professionals, students, and retirees alike.
Both apartments and single‑family homes offer a wide spectrum of options. Apartment studios generally sit in the $1,200 range, while larger three‑bedroom units approach the $2,400 range, providing flexible choices for solo dwellers to growing families. Detached homes start around the $1,100 level for studio‑style spaces and can exceed $3,300 for expansive four‑plus bedroom residences, delivering ample room for those seeking privacy and a yard. Regardless of size, many rentals feature modern amenities, community pools, and pet‑friendly policies that cater to diverse lifestyles.
The demand for rental housing in Phoenix remains robust, driven by a strong job market in tech, healthcare, and education, as well as the city's reputation for affordable living compared to other Sun Belt metros. Residents reap the benefits of a thriving culinary scene, vibrant nightlife, and easy access to sporting venues like the Chase Field and State Farm Stadium. With consistent investments in public transportation and neighborhood revitalization, Phoenix continues to be an attractive destination for renters seeking a dynamic, yet comfortable, urban experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,127 | $1,059 | $320 - $2,072 | $875 - $1,432 |
| Apartment | 1 Bedroom | $1,392 | $1,395 | $699 - $2,475 | $999 - $1,645 |
| Apartment | 2 Bedroom | $1,780 | $1,585 | $615 - $4,870 | $1,350 - $1,892 |
| Apartment | 3 Bedroom | $2,699 | $2,400 | $1,850 - $5,536 | $1,995 - $2,650 |
| Apartment | 4+ Bedroom | $1,914 | $2,495 | $699 - $2,549 | $699 - $2,549 |
| House | 1 Bedroom | $1,458 | $1,445 | $600 - $2,250 | $1,295 - $1,700 |
| House | 2 Bedroom | $1,964 | $1,825 | $980 - $4,500 | $1,575 - $2,395 |
| House | 3 Bedroom | $2,400 | $2,250 | $860 - $7,260 | $1,945 - $2,620 |
| House | 4+ Bedroom | $3,160 | $2,650 | $1,495 - $8,000 | $2,220 - $3,695 |
In the current period, the average rent in Phoenix was $1,128 for Studio, $1,391 for 1 Bedroom, $1,829 for 2 Bedroom, $2,420 for 3 Bedroom, and $2,921 for 4+ Bedroom.
Data provided by Rentometer, Inc.