7237 S 40th Ln, Phoenix, AZ 85041
Property image
Property image
OFF MARKET

$364,500

Trulia Estimate
as of Sep 15, 2026
  • 3 Beds
  • 2.5 Baths
  • 1,830 sqft

7237 S 40th Ln, Phoenix, AZ 85041

Laveen

Home Highlights

Single-Family Home
Built in 2001
1,830 sqft
$199/sqft
Garage

Local Information

  • Map ViewExplore the area around 7237 S 40th Ln.
  • Schools7 Preschool Schools9 Elementary Schools9 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Please note that the advertised price may exclude additional fees. These include a $55 application fee per applicant; a one-time $75 admin fee; a $11 monthly utility management fee; other mandatory fees, if applicable, for pool maintenance, pet fees/rent, smart home, internet service, and propane refilling; and optional fees for services like self-guided tours with third-party provider Rently ($1.99 to $11.99). HOAs may also charge mandatory application and amenity fees, where applicable, which must be paid directly to the HOA. For a comprehensive overview of all potential fees, please see our Rental Fees. Get the home you want and the value you deserve with FirstKey Homes. Use our website to Apply Online, Schedule a Self-Tour, Review Resident Qualifications or Search More Homes; or contact our leasing department for help today. Pets are welcome. Apply soon, homes can go fast!

3 bedroom, 2. 5 bathroom rental home in Phoenix, AZ, may be just the home for you. The patio/balcony lets you take the comfort of home outside. Also, there are large closets and extra storage to help keep your spaces tidy. You'll enjoy the convenience of W/D hookups. In the kitchen, stainless steel appliances highlight the home's contemporary character.

 FirstKey Homes, LLC is an Equal Housing Lessor under the FHA. Applicable local, state and federal laws may apply. Lease terms and conditions apply. This is not an offer to rent—you must submit additional information for review and approval. Listed features may not be accurate; confirm details with a leasing representative. Certain cities and municipalities – including St. Louis and Chicago – require a home inspection prior to a new resident taking possession of the home. If you are leasing a home in one of these areas, please note that your move-in date could be adjusted to accommodate inspection requirements. Please ask your leasing agent for more details. BEWARE OF RENTAL SCAMS: FirstKey Homes exclusively manages our homes (no third-party management). We do not lease homes through Craigslist, SocialServe, LetGo, Facebook Marketplace or other classified advertising services. We will never ask for wire transfers, cash apps like Venmo, Zelle, CashApp PayPal, or any other transferring method to collect funds. See FirstKey Homes website for full details and conditions. Listing photos are provided to help you select a home; all photos shown are for representative and illustrative purposes only but may not be exact. Colors and photo size may vary based on different resolutions, hue, brightness, contrast, or other photo variations. Photos on websites may be modified, changed, or amended at any time. For new construction homes, actual homes may vary, photos may be of similar home/floorplan, home may be under construction and photos may not be of actual home, individual homes, amenities, features, and views may differ. If you have any concerns, please schedule a tour prior to applying or leasing the listed home.
7237 S 40th Ln, Phoenix, AZ 85041 is a 3 bedroom, 3 bathroom, 1,830 sqft single-family home in Laveen, built in 2001. It last sold for $406,890 on Aug 26, 2021 (23,976% above the $1,690 asking price). More recently, it was listed as a rental in October 2025 with an asking price of $2,325 per month. That rental listing was removed on January 6, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $364,500, with a rent estimate of $2,085/month.
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Property Website

Home Details for 7237 S 40th Ln

Property Information

Year Built
Year Built: 2001
Property Type / Style
Property Type: Single Family Home

Rental Terms, Policies & Fees

Lease Term: Contact For Details

Interior Features

Appliances & Utilities
Disposal
Heating & Cooling
Air ConditioningCooling System: Central Air

Exterior Features

Parking & Garage
GarageParking: Garage

Comparable Sales for 7237 S 40th Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3918 W PARK Street, Phoenix, AZ
0.15
Single-Family Home
$365,000
06/30/26
3
2.5
1,865 sqft
7413 S 40TH Avenue, Phoenix, AZ
0.13
Single-Family Home
$345,000
01/09/26
3
2.5
2,061 sqft
7205 S 40th Ln, Phoenix, AZ
0.09
Single-Family Home
$280,000
01/21/26
4
3
1,830 sqft
7218 S 40TH Lane, Phoenix, AZ
0.07
Single-Family Home
$415,500
03/04/26
4
2.5
2,483 sqft
6822 S 40TH Drive, Phoenix, AZ
0.21
Single-Family Home
$410,000
04/07/26
4
2
1,692 sqft
4126 W IRWIN Avenue, Phoenix, AZ
0.18
Single-Family Home
$343,000
09/26/25
4
2.5
2,103 sqft
6817 S 40TH Lane, Phoenix, AZ
0.22
Single-Family Home
$252,430
07/29/26
3
2
1,729 sqft
3739 W CARTER Road, Phoenix, AZ
0.36
Single-Family Home
$370,000
04/20/26
3
2.5
1,764 sqft
3818 W CARSON Road, Phoenix, AZ
0.30
Single-Family Home
$353,000
08/31/26
4
2.5
1,714 sqft
6922 S 38TH Lane, Phoenix, AZ
0.30
Single-Family Home
$365,000
03/18/26
4
2.5
2,168 sqft

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Rental Market Trends in Laveen

Last updated Sep 2026
Trulia Rent Estimate$2,085/mo
Average rent
$2.25K
$24MoM
Available listings
217
View rental market trends in Phoenix, AZ

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Laveen
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Laveen

At least 463 Trulia users voted on each feature.

  • 90 % Say there are sidewalks

  • 88 % Say yards are well-kept

  • 84 % Say car is needed

  • 82 % Say parking is easy

  • 81 % Say it's dog friendly

  • 69 % Say there's holiday spirit

  • 67 % Say it's quiet

  • 67 % Say streets are well-lit

  • 66 % Say kids play outside

  • 59 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 47 % Say neighbors are friendly

  • 43 % Say it's walkable to grocery stores

  • 38 % Say it's walkable to restaurants

  • 34 % Say there's wildlife

  • 31 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Munda Asante
    "Kid friendly but still very quiet neighborhoods decorate for the holidays. Neighbor stayed to themselves, but still look out for one another."
    0
    Flag
  • Whgyyw49tb
    "Lots of dog owners,pet cleanup stations with baggies provided. Several green belt areas for them to be walked on"
    3
    Flag
  • Trulia User
    "it's a mix of older homes, with subdivisions being built. Most people keep to themselves and there aren't many children young enough to go trick or treating. Most people take excellent care of there dogs, occasionally one slips out of the fenced yard. Owner is normally out searching as soon as they realize it's out."
    7
    Flag
  • Trulia User
    "very quiet and peaceful, very little crime and you feel safe in your home. people are courteous while out with their pets. you will see ranchers out riding horses and many people ride by on their mountain bikes ti go up South Mountain. "
    1
    Flag
  • Trulia User
    "plenty of space to walk them and dog park located in the central area of our rural village. dog owners are very friendly. there are 2 sides to the dog park, small side and large side. "
    0
    Flag
  • Brittanymyself3
    "There are many parks in the neighborhood. There are also some fenced dog parks. Other dogs and dog owners seem friendly. "
    2
    Flag
  • SheriLynn A.
    "There are several clean grassy area to walk your dog to but, be careful because dogs often break out of their yards some how. People are often seeking lost dogs. "
    2
    Flag
  • Maria F. H.
    "great place to live, friendly neighbors, pet friendly. Quiet, peaceful. Near 202 highway means easy to go everywhere "
    10
    Flag
  • Anne M.
    "Tons of families, events, school choices, annual events like town BBQ, Xmas stuff, farmers markets, town dairy and great people. "
    2
    Flag
  • Josie M.
    "A lot of people gather around makes you feel comfortable. Very friendly too, will just come up to you and chat, "
    3
    Flag
  • Krishonda H.
    "I always see people walking their dogs it is very dog friendly city very quiet and I don’t see or hear about a lot of crime"
    0
    Flag
  • Shelli C.
    "great neighborhood. good schools and parks. plenty is shopping areas and close to freeways. the area is growing quickly. Many new developments under construction. only drawback is the property taxes are high. "
    0
    Flag
  • Maria F. H.
    "Nice and peaceful. People are good. 202 expressway added a fast way to commute with other places. Stor es are nearby everywhere you need. "
    10
    Flag
  • Shelli C.
    "great family neighborhood close to freeway and many activities good schools however property taxes are too high in comparison to other similar suburbs overall I like living here "
    0
    Flag
  • Shelli C.
    "great access to freeways and downtown. new 202 freeway is just outside the neighborhood. it provides quick access to much of the valley "
    0
    Flag
  • Meliisipad
    "Schools are great in the area, close by and the parks are well maintained. Area is nice not a lot of traffic in the area . "
    0
    Flag
  • Cecy M.
    "Turkey Trot, close knit community. neighbors always willing to help one another in times of need. Different events throughout the year for the entire family. different animal groups that help lost pets or help with foster or rehoming "
    0
    Flag
  • Unique J.
    "Great to live here same as any other neighborhood. You still need to be responsible for your kids and keep a close watch on them"
    1
    Flag
  • Fallon J.
    "I'm a dog owner and I love that there are lots of grass fields for them to play in. also they have poop bag dispensers. "
    0
    Flag
  • Jesus I. V.
    "very nice and clean I definitely recommend people this beautiful area.................................. "
    0
    Flag
  • Jeanette R.
    "I use public transportation. It’s not very good. It IS better than nothing. Sometimes I drive. The drive is GREAT now that the 202 is open!!!!!"
    1
    Flag
  • Jonathan U.
    "Family orientated neighborhood with very good access to parks and sidewalk. Nice new homes that are pretty big and is very close to shopping centers on 51st Ave. and baseline. The new 202 freeway is nearby which allows access to other freeways. There’s a casino of 51st Ave. that is lit and lastly downtown Phoenix and Tempe is less than 15 miles away ."
    1
    Flag
  • Gabyyy M.
    "It’s a bad area here. Don’t come there’s been multiple robberies and the teenagers here act out all the time. "
    18
    Flag
  • Jazmine R.
    "Very friendly neighborhood, you see lots of dogs all the time around the area. Very friendly I would definitely recommend "
    1
    Flag
  • Livyrehmert
    "It is gated and has a great pond with ducks and geese. It is a nice, clean, safe community. The new freeway seems to have helped cut down on traffic. Most neighborhoods are new. There are also some horse properties that add so much character to this area."
    8
    Flag
  • Eboni
    "They would like that most everyone walks their dog on a leash and there are numerous parks and green belts for dogs to play."
    1
    Flag
  • Tinaszootoo
    "This neighborhood is developing nicely. We are getting more shopping renters and easy access to major roadways like route 202. "
    11
    Flag
  • Anon
    "Laveen is a 47 sq mile area in South Phx (South Mountain) & has a horrible crime history. Please pull official crime stats from Phoenix Police. I've lived here for 6 yrs. It calmed down between 2015-2017 a bit, however, it now is a terrifying place to live. Over the last yr and half it has exploded with violent crime. Armed home invasions, armed carjacking in driveways & more. Don't move here if u have children. It also has some of the worst schools in Arizona. I'm escaping in the spring. "
    19
    Flag
  • LaveenNeighborTina
    "I really don’t participate in community events but I do see sights for festivals and things like that a few times per year. "
    1
    Flag
  • Mluck08
    "The area is perfect for families, it’s quiet , the people in the neighborhood are very friendly and i really enjoy it"
    0
    Flag
  • Kym_corn11
    "I drive to work but there is bus transportation close by and convenient as well. I see plenty of bus stops many of people walking and using the public transportation. "
    2
    Flag
  • Judie
    "At Halloween the neighborhood kids congregate at one house, the parents potluck and pass out candy from driveway area. "
    2
    Flag
  • Anon
    "You would have to be insane to pay over $230k for ANYTHING in Laveen (47 mile area in South Phoenix) without massive acreage in this area. First, this was known gang territory for decades. There was an attempt to develop this area pre-crash, however, once the crash happened virtually all homes down here were turned into Section 8 or other low-cost rentals. Investors and realtors are driving up the costs down here (driven by California population influx) and it's not sustainable. Wages in Phx are not keeping pace at all. Moreover, the criminal element has never left. Pull crime stats report from Phoenix Police. Many areas originally slotted for re-development haven't been touched and are just drowning in crime and drugs adjacent to the newer communities. Sadly, I am seeing a lot of people who recently purchased down here with for sale signs in their yards less than a yr after purchasing down here. Laveen schools are some of the worst for Arizona. Laveen continues to be a dangerous place; the crime simply persists down here and this area is ripe for a housing market correction. Save yourself...look in Goodyear/Litchfield for the West Valley, Anthem for Phoenix proper, or Gilbert/Mesa East Valley for comparable pricing but much safer places for you and/or your family. "
    0
    Flag
  • Gregory J. H.
    "neat and clean living. kid friendly with nearby shopping for immediate basic needs. shopping mall are 11 miles away in Tempe. "
    1
    Flag
  • Thrver4life
    "There are lots of kids, schools and a nice park with fishing and playgrounds and a golf course. There is also a really nice library. "
    0
    Flag
  • Thrver4life
    "There is a nice park and library. There are lots of store options and gas stations. There are many fast food options to select from."
    0
    Flag
  • Carletons5
    "It is still rural yet close to freeways and shopping. New freeway will be completed in the area in 2019 as will a new mall and theatre that will be within walking distance"
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jan 6, 2026
Source: Zillow Rentals
ListingRemoved
$1,690
Jan 1, 2026
Source: Zillow Rentals
PriceChange
$1,690
Price decreased by 5%
Dec 24, 2025
Source: Zillow Rentals
PriceChange
$1,780
Price decreased by 5%
Dec 12, 2025
Source: Zillow Rentals
PriceChange
$1,865
Price decreased by 5%
Dec 4, 2025
Source: Zillow Rentals
PriceChange
$1,960
Price decreased by 4%

Frequently asked questions about 7237 S 40th Ln

  • What is 7237 S 40th Ln estimated to be worth?
    Trulia's estimated value for 7237 S 40th Ln in Phoenix, AZ is $364,500.
  • What is the price history for 7237 S 40th Ln?
    7237 S 40th Ln in Phoenix, AZ last sold for $406,890 in August 2021.
  • Is Phoenix a buyer's or seller's market?
    Phoenix is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Phoenix?
    The median sale price in Phoenix is $423K. That is down $1.79K from the prior month.
  • Does 7237 S 40th Ln have air conditioning?
    Yes, 7237 S 40th Ln in Phoenix, AZ has air conditioning.
  • Does 7237 S 40th Ln have a garage?
    Yes, 7237 S 40th Ln in Phoenix, AZ has a garage.

Homes for rent near 7237 S 40th Ln

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
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