Cheap Apartments for Rent in Phoenix, AZ
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Use arrow keys to navigatePET FRIENDLY$650 - $945/mo
Studio-1 Bed
1 Bath2 months Free Lateral 14 Call today to lock in | 4635 N 27th Ave,
Phoenix, AZ 85017
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SPECIAL OFFERPET FRIENDLY$690 - $1,317/moStudio-2 Beds1 BathLumina on 19th Apartments | 1905 W Las Palmaritas Dr,
Phoenix, AZ 85021
PET FRIENDLY$690 - $1,316/moStudio-2 Beds1-2 Baths2025 West Apartment Homes | 2025 W Indian School Rd,
Phoenix, AZ 85015
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SPECIAL OFFERPET FRIENDLY
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PET FRIENDLY$699 - $810/moStudio-1 Bed1 BathThe Residences At Camelback West | 4001 W Camelback Rd,
Phoenix, AZ 85019
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Average Rent Trends in Phoenix, AZ
Rent in Phoenix, AZ 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 May 2025.
| Month | Average rent |
|---|---|
| Nov 2025 | $1,866 |
| Dec 2025 | $1,850 |
| Jan 2026 | $1,843 |
| Feb 2026 | $1,840 |
| Mar 2026 | $1,850 |
| Apr 2026 | $1,850 |
| May 2026 | $1,845 |
| Jun 2026 | $1,878 |
| Jul 2026 | $1,874 |
| Aug 2026 | $1,850 |
| Sep 2026 | $1,856 |
| Oct 2026 | $1,825 |
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 | $1,217 | $1,525 | $2,190 | $2,550 | $1,827 |
| Townhomes | $1,350 | $1,800 | $2,200 | $2,750 | $1,931 |
| Apartments and Condos | $1,195 | $1,500 | $1,995 | $1,364 | $1,417 |
| Houses | $1,450 | $1,995 | $2,200 | $2,597 | $2,300 |
Frequently Asked Questions about Rentals in Phoenix, AZ
- What is the average rent of an apartment in Phoenix, AZ?The average rent of an apartment in Phoenix, AZ is $1,328 per month. This is about 32% lower than the national average.
- What are the cheapest months to find an apartment to rent in Phoenix, AZ?Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,850 per month.
- How many cheap apartments are available in Phoenix, AZ?There are 2,311 apartments to rent that are cheaper than the city’s average rent of $1,827.
- When is the average rent most expensive in Phoenix, AZ?In the last year, the average rent in Phoenix, AZ was highest in May 2025 when it was $1,995 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Phoenix, AZ?The average rent of a 1 bedroom apartment in Phoenix, AZ is $1,217 per month. That is about $217 more than the cost of a studio apartment.
- What are some neighborhoods in Phoenix, AZ?Some neighborhoods in Phoenix, AZ include: Maryvale, Deer Valley, Paradise Valley, North Mountain, Camelback East.
- What are some zip codes in Phoenix, AZ?
- What are some cities near Phoenix, AZ?Some nearby cities include: Paradise Valley, Glendale, Youngtown, Sun City, El Mirage. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Phoenix, AZ - 14,223 Rentas | Trulia