Average Rent in Phoenix, AZ

Phoenix rentals average $945 for a studio rental to $3,610 for a 4-bedroom rental. The median price of all currently available listings is $2,300, or roughly $2 per square feet.

For the apartment units and housing in March 2025, median rents have risen substantially over the last year. Studio rentals prices have decreased by $326 (-25.65%) year-over-year from $1,271 to $945. 1-bedroom rentals prices have increased by $149 (11.62%) year-over-year from $1,283 to $1,432. 2-bedroom rentals prices have increased by $285 (18.21%) year-over-year from $1,565 to $1,850. 3-bedroom rentals prices have increased by $252 (11.23%) year-over-year from $2,247 to $2,499. 4-bedroom rentals prices have increased by $1,009 (37.83%) year-over-year from $2,666 to $3,675. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 27.59% this month. 1-bedroom rents have gone down by 7.55% this month. 2-bedroom rents have gone down by 2.55% this month. 3-bedroom rents have gone up by 8.75% this month. 4-bedroom rents have gone up by 21.51% this month.