Apartments in 85040
49 rentals
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLYTotal price$1,741 - $2,281/mo
1-3 Beds
1-2 BathsSolara Vista | 5885 S 32nd St #3103,
Phoenix, AZ 85040
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,224 - $1,666/mo1-3 Beds1-2 BathsEcho Ridge | 300 E Jesse Owens Pkwy #4cf3be944,
Phoenix, AZ 85040
Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,431 - $2,221/mo1-3 Beds1-2 BathsParc South Mountain | 3400 E Southern Ave #142,
Phoenix, AZ 85040
Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$841 - $1,175/mo1-2 Beds1-2 BathsMirabella Senior Apartments | 5609 S Central Ave #111,
Phoenix, AZ 85040
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY
$720 - $825/moStudio-1 Bed1 BathCloudbreak Communities - Victory Place | 850 E Jones Ave #ee3e0463c,
Phoenix, AZ 85040
SPECIAL OFFERPET FRIENDLY$950 - $1,995/moStudio-3 Beds1-2 BathsMountain Vista Apartments | 358 E Roeser Rd #104,
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 for a apartment increased in Jun 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,591 |
| Aug 2025 | $1,453 |
| Sep 2025 | $1,346 |
| Oct 2025 | $1,406 |
| Nov 2025 | $1,314 |
| Dec 2025 | $1,357 |
| Jan 2026 | $1,404 |
| Feb 2026 | $1,497 |
| Mar 2026 | $1,548 |
| Apr 2026 | $1,517 |
| May 2026 | $1,460 |
| Jun 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In June 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,199 | $1,400 | $2,110 | $2,350 | $1,900 |
| Townhomes | — | $1,300 | $1,595 | — | $1,450 |
| Apartments and Condos | $1,199 | $1,261 | $1,990 | $2,350 | $1,650 |
| Houses | — | $1,600 | $2,249 | $2,495 | $2,249 |
Frequently Asked Questions about Apartments and Condos for rent in 85040
- What is the average rent of an apartment in 85040?The average rent of an apartment in 85040 is $1,650 per month. This is about 15% 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 Nov 2025 when it was $1,314 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 $1,684 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 $1,155 per month. That is about $205 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 85040?There are 60 available apartments or condos to rent 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.