The average rent for a 1 bedroom apartment in Phoenix is $1,507, while the average rent for a 2 bedroom apartment is $1,836.
Rent rates updated 21 days ago. Averages are based on the rental prices of properties listed on Apartment List.
Apartment List has released Phoenix’s results from the third annual Apartment List Renter Satisfaction Survey. This survey, which drew on responses from over 45,000 renters nationwide, provides insight on what states and cities must do to meet the needs of the country’s 111 million renters.
"Phoenix renters expressed general satisfaction with the city overall," according to Apartment List. "However, there seems to be a discrepancy between millennial renters in Phoenix, who are unsatisfied (D), and renters who are parents (B-)."
Welcome to the Apartment List April 2025 Rent Report for Phoenix, AZ. Currently, the overall median rent in the city stands at $1,318, roughly the same as last month. Prices remain down 3.0% year-over-year. Read on to learn more about what’s been happening in the Phoenix rental market and how it compares to trends throughout the broader Phoenix metro area and the nation as a whole.
The median rent in Phoenix rose by 0.3% over the course of March, and has now decreased by a total of 3.0% over the past 12 months. Phoenix’s rent growth over the past year has is similar to the state average (-2.5%) but has fallen below the national average (-0.4%).
Three months into the year, rents in Phoenix have risen 0.7%. This is a similar rate of growth compared to what the city was experiencing at this point last year: from January to March 2024 rents had increased 0.5%.
Phoenix rents went up 0.3% in the past month, compared to the national rate of 0.6%. Among the nation's 100 largest cities, this ranks #68. Similar monthly rent growth took place in Jacksonville, FL (0.3%) and Riverside, CA (0.3%).
Citywide, the median rent currently stands at $1,130 for a 1-bedroom apartment and $1,347 for a 2-bedroom. Across all bedroom sizes (ie, the entire rental market), the median rent is $1,318. That ranks #67 in the nation, among the country's 100 largest cities.
For comparison, the median rent across the nation as a whole is $1,216 for a 1-bedroom, $1,370 for a 2-bedroom, and $1,384 overall. The median rent in Phoenix is 4.8% lower than the national, and is similar to the prices you would find in Kansas City, MO ($1,321) and Jacksonville, FL ($1,312).
If we expand our view to the wider Phoenix metro area, the median rent is $1,403 meaning that the median price in Phoenix proper ($1,318) is 6.0% lower than the price across the metro as a whole. Metro-wide annual rent growth stands at -2.8%, above the rate of rent growth within just the city.
The table below shows the latest rent stats for 12 cities in the Phoenix metro area that are included in our database. Among them, Scottsdale is currently the most expensive, with a median rent of $1,756. Casa Grande is the metro’s most affordable city, with a median rent of $1,264. The metro's fastest annual rent growth is occurring in Scottsdale (-0.9%) while the slowest is in Casa Grande (-7.6%).
You can also use the map below to explore the latest rent trends in the Phoenix metropolitan area.
Apartment List is committed to the accuracy and transparency of our rent estimates. We begin with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, capturing apartment transactions over time to provide an accurate picture of rent growth in cities across the country. Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. For more details, please see the Apartment List Rent Estimate Methodology.
Apartment List publishes monthly rent reports and underlying data for hundreds of cities across the nation, as well as data aggregated for counties, metros, and states. These data are intended to be a source of reliable information that help renters and policymakers make sound decisions. Insights from our data are covered regularly by journalists across the country. To access the data yourself, please visit our Data Downloads Page.