Luxury Apartments for Rent in Phoenix, AZ
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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 stayed about the same in Jul 2026 compared to the previous month. Rent previously peaked in May 2025.
| Month | Average rent |
|---|---|
| Aug 2025 | $1,920 |
| Sep 2025 | $1,900 |
| Oct 2025 | $1,895 |
| Nov 2025 | $1,866 |
| Dec 2025 | $1,850 |
| Jan 2026 | $1,843 |
| Feb 2026 | $1,844 |
| Mar 2026 | $1,850 |
| Apr 2026 | $1,850 |
| May 2026 | $1,845 |
| Jun 2026 | $1,878 |
| Jul 2026 | $1,874 |
Average Rent By Bedroom and Home Type
In July 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 | $1,244 | $1,550 | $2,249 | $2,550 | $1,859 |
| Townhomes | $1,500 | $1,795 | $2,350 | $3,000 | $1,953 |
| Apartments and Condos | $1,220 | $1,499 | $2,095 | $1,139 | $1,404 |
| Houses | $1,383 | $1,999 | $2,300 | $2,600 | $2,400 |
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 $1,372 per month. This is about 30% lower than the national average.
- When is the average rent cheapest in Phoenix, AZ?In the last year, the average rent in Phoenix, AZ was lowest in Dec 2025 when it was $1,850 per month.
- 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 $1,249 per month. That is about $254 more than the cost of a studio apartment.
- How many available rental listings are in Phoenix, AZ?There are 5,078 available rental listings in Phoenix, AZ.
- 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 de lujo en renta en Phoenix, AZ - 14,773 Rentas | Trulia
