Apartments For Rent in 85040
99 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,795 - $1,995/mo
3 Beds
3 BathsSouth Mountain Shadows | 1672 E Chipman Rd,
Phoenix, AZ 85040
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Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$841 - $1,175/mo1-2 Beds1-2 BathsMirabella Senior Apartments | 5609 S Central Ave,
Phoenix, AZ 85040
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,995 - $2,095/mo4 Beds3 BathsRaymond Place Townhomes | 3850 S 18th St,
Phoenix, AZ 85040
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$720 - $825/moStudio-1 Bed1 BathCloudbreak Communities - Victory Place | 850 E Jones Ave,
Phoenix, AZ 85040
NEW - 2 DAYS AGOINCOME RESTRICTED
PET FRIENDLY$950 - $1,995/moStudio-3 Beds1-2 BathsMountain Vista Apartments | 358 E Roeser Rd,
Phoenix, AZ 85040
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Average Rent Trends in 85040
Rent in 85040 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,600 |
| Nov 2025 | $1,559 |
| Dec 2025 | $1,550 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,795 |
| Mar 2026 | $1,895 |
| Apr 2026 | $1,800 |
| May 2026 | $1,750 |
| Jun 2026 | $1,799 |
| Jul 2026 | $1,688 |
| Aug 2026 | $1,654 |
| Sep 2026 | $1,799 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,197 | $1,269 | $2,066 | $2,100 | $1,750 |
| Townhomes | — | $1,269 | $1,799 | $1,995 | $1,389 |
| Apartments and Condos | $1,546 | $1,095 | $2,095 | $1,799 | $1,290 |
| Houses | $650 | $1,540 | $2,100 | $2,145 | $2,100 |
Frequently Asked Questions about Rentals in 85040
- What is the average rent of an apartment in 85040?The average rent of an apartment in 85040 is $1,414 per month. This is about 27% lower than the national average.
- When is the average rent cheapest in 85040?In the last year, the average rent in 85040 was lowest in Dec 2025 when it was $1,550 per month.
- When is the average rent most expensive in 85040?In the last year, the average rent in 85040 was highest in Feb 2025 when it was $1,935 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 85040?The average rent of a 1 bedroom apartment in 85040 is $1,197 per month. That is about $247 more than the cost of a studio apartment.
- How many available rental listings are in 85040?There are 107 available rental listings in 85040.
- What are some cities near 85040?Some nearby cities include: Guadalupe, Tempe, Paradise Valley, Komatke, Saint Johns, Phoenix. These cities may have more rental options to explore.
Browse 85040 homes by type
View this page in Spanish: Apartamentos en renta en 85040 - 181 Rentas | Trulia