Apartments in 85040
45 rentals
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Use arrow keys to navigatePET FRIENDLYINCOME RESTRICTED$841 - $1,175/mo
1-2 Beds
1-2 BathsMirabella Senior Apartments | 5609 S Central Ave,
Phoenix, AZ 85040
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$720 - $825/moStudio-1 Bed1 BathCloudbreak Communities - Victory Place | 850 E Jones Ave,
Phoenix, AZ 85040
INCOME RESTRICTED
SPECIAL OFFERPET FRIENDLY$950 - $1,995/moStudio-3 Beds1-2 BathsMountain Vista Apartments | 358 E Roeser Rd,
Phoenix, AZ 85040
SPECIAL OFFERPET FRIENDLY
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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 decreased in Aug 2026 compared to the previous month. Rent for apartments peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,346 |
| Oct 2025 | $1,406 |
| Nov 2025 | $1,314 |
| Dec 2025 | $1,357 |
| Jan 2026 | $1,404 |
| Feb 2026 | $1,499 |
| Mar 2026 | $1,547 |
| Apr 2026 | $1,517 |
| May 2026 | $1,460 |
| Jun 2026 | $1,651 |
| Jul 2026 | $1,636 |
| Aug 2026 | $1,524 |
Average Rent By Bedroom and Home Type
In August 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 | $1,161 | $1,370 | $1,956 | $2,200 | $1,695 |
| Townhomes | $850 | $1,400 | $2,095 | — | $1,495 |
| Apartments and Condos | $932 | $1,095 | $1,637 | $1,799 | $1,300 |
| Houses | $650 | $1,750 | $2,145 | $2,350 | $2,150 |
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 $1,556 per month. This is about 21% lower than the national average.
- When is the average rent for an apartment 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 for an apartment 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 $1,021 per month. That is about $71 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 85040?There are 51 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.
View this page in Spanish: Apartamentos en 85040 - 120 Apartamentos | Trulia