Cheap Apartments for Rent in 85040
100 rentals
Use arrow keys to navigate$720 - $825/mo
Studio-1 Bed
1 BathCloudbreak Communities - Victory Place | 850 E Jones Ave,
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- ROOM FOR RENT
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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 decreased in Oct 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| 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 |
| Oct 2026 | $1,650 |
Average Rent By Bedroom and Home Type
In October 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 | $1,258 | $1,938 | $2,052 | $1,675 |
| Townhomes | — | $1,258 | $1,895 | $1,995 | $1,395 |
| Apartments and Condos | $825 | $1,095 | $1,750 | $888 | $1,149 |
| Houses | $825 | $1,540 | $1,995 | $2,100 | $1,995 |
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 $1,304 per month. This is about 33% lower than the national average.
- What are the cheapest months to find an apartment to rent in 85040?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,550 per month.
- How many cheap apartments are available in 85040?There are 54 apartments to rent that are cheaper than the city’s average rent of $1,675.
- 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 $1,161 per month. That is about $211 more than the cost of a studio apartment.
- 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 baratos en renta en 85040 - 184 Rentas | Trulia