Cheap Apartments for Rent in 85040
99 rentals
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Use arrow keys to navigate$720 - $825/mo
Studio-1 Bed
1 BathCloudbreak Communities - Victory Place | 850 E Jones Ave #2467b7c9b,
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 #319,
Phoenix, AZ 85040
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SPECIAL OFFERPET FRIENDLY$950 - $1,995/moStudio-3 Beds1-2 BathsMountain Vista Apartments | 358 E Roeser Rd #137,
Phoenix, AZ 85040
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$1,200 - $1,650/mo1-2 Beds1-2 Baths23 East Illini Street | 23 E Illini St #11319561,
Phoenix, AZ 85040
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SPECIAL OFFERPET FRIENDLYTotal price$1,604 - $2,342/mo1-3 Beds1-2 BathsSolara Vista | 5885 S 32nd St #3099,
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 May 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,795 |
| Jul 2025 | $1,825 |
| Aug 2025 | $1,787 |
| Sep 2025 | $1,685 |
| Oct 2025 | $1,600 |
| Nov 2025 | $1,566 |
| Dec 2025 | $1,550 |
| Jan 2026 | $1,700 |
| Feb 2026 | $1,795 |
| Mar 2026 | $1,895 |
| Apr 2026 | $1,800 |
| May 2026 | $1,750 |
Average Rent By Bedroom and Home Type
In May 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 | $1,197 | $1,300 | $1,990 | $2,295 | $1,799 |
| Townhomes | — | $1,300 | $2,050 | — | $1,450 |
| Apartments and Condos | $995 | $1,239 | $1,800 | $1,799 | $1,650 |
| Houses | $700 | $1,750 | $2,084 | $2,400 | $2,200 |
Frequently Asked Questions about Rentals in 85040
- What is the average rent in 85040?The average rent in 85040 is $1,799. Rent prices range from $650 to as much as $6,000, depending on the type of rental.
- How does the rent in 85040 compare to the national average?Average rent in 85040 is about 6% lower than the national average rent of $1,910. That means it is less expensive to rent in 85040 compared to the U.S. average.
- What is the average rent in 85040, by number of bedrooms?The average rent in 85040 is $950 for a studio, $1,197 for a 1 bedroom, $1,300 for a 2 bedroom, $1,990 for a 3 bedroom, and $2,295 for a 4 bedroom.
- How have rent prices in 85040 changed compared to last year?In the past year, the average rent price in 85040 has increased by $9. That means the average rent is 1% higher than last year.
- How many available rental listings are in 85040?There are 103 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.