Rentometer, Inc. | Data as of 12/04/2025
Phoenix rentals offer a dynamic blend of modern apartments and singleâfamily homes that cater to a wide spectrum of lifestyles. Whether youâre drawn to the vibrant nightlife of downtown, the familyâfriendly neighborhoods of Arcadia, or the scenic foothills near Camelback Mountain, the cityâs 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 oneâbedroom units often sit in the $1400 range. Twoâbedroom apartments generally rent in the $1800â$1900 bracket, and larger threeâ and fourâplus bedroom layouts can reach the $2400s and higher. Comparable houses follow a similar pattern, with studio homes near the $1100s and fourâplus 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 yearâround sunshine, extensive outdoor recreation, and a robust publicâtransport network that connects residents to major employment centers and educational institutions. The city's commitment to sustainable development and growing residential amenitiesâsuch as petâfriendly parks, coâworking spaces, and boutique fitness centersâcontinues to attract renters looking for both comfort and community. Whether youâre a young professional, a growing family, or a retiree seeking an active urban setting, Phoenixâs rental market provides a welcoming foundation for your next chapter.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,293 | $1,245 | $329 - $2,305 | $929 - $1,584 |
| Apartment | 1 Bedroom | $1,439 | $1,300 | $393 - $3,073 | $1,099 - $1,630 |
| Apartment | 2 Bedroom | $1,837 | $1,541 | $309 - $5,185 | $1,299 - $2,125 |
| Apartment | 3 Bedroom | $2,560 | $2,320 | $595 - $5,413 | $1,995 - $2,595 |
| House | 1 Bedroom | $1,415 | $1,595 | $1,050 - $1,600 | $1,050 - $1,600 |
| House | 2 Bedroom | $1,868 | $1,874 | $750 - $3,499 | $1,495 - $2,300 |
| House | 3 Bedroom | $2,552 | $2,300 | $200 - $9,990 | $1,995 - $2,799 |
| House | 4+ Bedroom | $3,347 | $2,795 | $1,675 - $25,000 | $2,360 - $3,295 |
In the current period, the average rent in Phoenix was $1,312 for Studio, $1,439 for 1 Bedroom, $1,846 for 2 Bedroom, $2,550 for 3 Bedroom, and $3,303 for 4+ Bedroom.
Data provided by Rentometer, Inc.