Rental Market Trends in Phoenix, AZ

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The average rent in Phoenix, AZ, as of June 2025, is approximately $874 per month for all property types. Rent prices can vary depending on the neighborhood and the type of rental property. Rent prices are influenced by factors like neighborhood popularity, proximity to amenities, and the overall housing market trends in the city.

Market summary

Data is based on rental rates on sulekha.com. Last updated in June 2025.

Average Rental Price Over Time

How much has the average rent changed in Phoenix, AZ?

The average rent for all property types is $874,which is 0% increase compared to the previous year.

2023
2024

Occupied Housing Units in Phoenix, AZ

Property

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Phoenix, AZvs

$874

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Neighborhood Rent Trends in Phoenix, AZ

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Neighborhoods	Average rent
Terracita, AZ	$1500
Crossriver, AZ	$900
Sonoran Foothills, AZ	$885
Dobbins Creek, AZ	$850
Northwest Village, AZ	$825
Tatum Highlands, AZ	$805
North East Village, AZ	$765
Montezuma Heights, AZ	$765
Coronado, AZ	$765
Larissa, AZ	$713
Sherwood Towne, AZ	$700
Foothills North, AZ	$698

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FAQs

Answers to Your Rental Questions

We've got answers to your most common questions about rentals, from property listings to pricing trends and everything in between.

What is the average rent in Phoenix, AZ?

The average rent in Phoenix, AZ is around $874 per month. However, this can vary depending on the neighborhood, the size of the rental unit, and the property's condition. For example, rents are typically higher in desirable areas close to amenities and popular destinations. Larger apartments or homes with multiple bedrooms or modern amenities can also be more expensive. Keep these factors in mind when searching for a rental in Phoenix, AZ.
How many rentals are available in Phoenix, AZ?

Currently, there are 15 rental properties available in Phoenix, AZ. This includes a variety of options such as apartments, condos, town homes, single-family homes, single rooms, shared rooms and pg accommodations catering to different budgets and preferences. So, if you're looking for a place to rent in Phoenix, AZ, you have plenty of choices to explore!
What are the best neighborhoods to rent in Phoenix, AZ?
If you're looking for budget-friendly neighborhoods in Phoenix, AZ, consider these options:
- Terracita: Average rent is $1500 per month.
- Crossriver: Average rent is $900 per month.
- Sonoran Foothills: Average rent is $885 per month.
- Dobbins Creek: Average rent is $850 per month.
- Northwest Village: Average rent is $825 per month.
- Tatum Highlands: Average rent is $805 per month.
These neighborhoods offer rental rates lower than the city's overall average, making them attractive options for renters.
What are the most affordable neighborhoods in Phoenix, AZ?
The most expensive neighborhoods in Phoenix, AZ are:
- Village At West Meadow: Average rent is $770 per month.
- Wedgewood Park: Average rent is $690 per month.
- Tatum Highlands: Average rent is $805 per month.
- Tovrea: Average rent is $500 per month.
- Wormsers: Average rent is $765 per month.
- Dobbins Creek: Average rent is $850 per month.
How much has the average rent changed in Phoenix, AZ?

Over the past year, the average rent in Phoenix, AZ have increased by approximately 0%, which translates to $72 per month. This change reflects shifting market trends and evolving housing demand in the area, impacting renters' costs and affordability.
How much has the rent in Phoenix, AZ increased or decreased in the last month?

The Average rent price in Phoenix, AZ for June 2025 is $874, which is $56 less than in May.