Luxury Apartments for Rent in 85040
106 rentals
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NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLYTotal price$1,657 - $2,864/mo
1-3 Beds
1-2 BathsSolara Vista | 5885 S 32nd St #1043,
Phoenix, AZ 85040
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FURNISHED
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SPECIAL OFFERPET FRIENDLY$1,445 - $2,223/mo1-3 Beds1-2 BathsParc South Mountain | 3400 E Southern Ave #185,
Phoenix, AZ 85040
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SPECIAL OFFERPET FRIENDLYTotal price$1,845 - $2,195/mo3 Beds3 BathsSouth Mountain Shadows | 1672 E Chipman Rd #18,
Phoenix, AZ 85040
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NEW - 2 DAYS AGOAPPLY INSTANTLY
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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 Jul 2026 compared to the previous month. Rent previously peaked in Feb 2025.
| Month | Average rent |
|---|---|
| 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 |
| Jun 2026 | $1,799 |
| Jul 2026 | $1,690 |
Average Rent By Bedroom and Home Type
In July 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 | $1,396 | $2,033 | $2,350 | $1,679 |
| Townhomes | — | $1,300 | $1,396 | — | $1,300 |
| Apartments and Condos | $1,042 | $1,200 | $1,990 | $2,350 | $1,588 |
| Houses | — | $1,494 | $2,186 | $2,462 | $2,300 |
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 $1,645 per month. This is about 16% 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 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.
View this page in Spanish: Apartamentos de lujo en renta en 85040 - 203 Rentas | Trulia
