Rental market snapshot for Phoenix, Arizona
Phoenix, Arizona Rental Property Market Overview
Phoenix, Arizona is the fifth most populous city in the United States, with a population of 1,624,569 as of 2021 according to the US Census. It is the capital of the state of Arizona and is located in the Sonoran Desert. Phoenix is known for its hot, dry climate and its vibrant culture, with a variety of attractions, restaurants, and entertainment. The city is also home to a number of professional sports teams, including the Arizona Diamondbacks, the Phoenix Suns, and the Arizona Coyotes.
The average rent for an apartment in Phoenix is $2,076. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by 0.00% over the past year.
Last Updated March 25, 2024
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
Average monthly rent graph in Phoenix Arizona | Cost of Living
- The most expensive ZIP code in Phoenix is 85050 with an average price of $2,596.
- The cheapest ZIP code in Phoenix is 85009 with an average price of $1,299.
Phoenix ZIP codes with the highest, most expensive rent
| # | ZIP Code | Average Rent |
|---|---|---|
| 1 | 85050 | $2,596 |
| 2 | 85028 | $2,540 |
| 3 | 85083 | $2,480 |
| 4 | 85045 | $2,452 |
| 5 | 85018 | $2,443 |
| 6 | 85054 | $2,435 |
| 7 | 85048 | $2,390 |
| 8 | 85085 | $2,384 |
| 9 | 85004 | $2,291 |
| 10 | 85339 | $2,267 |
Live near Phoenix, Arizona's Top Sights and Attractions
Hoshoni is a popular tourist destination located in the heart of the desert. It features a variety of attractions, including a large outdoor amphitheater, a botanical garden, and a number of interactive exhibits. Visitors can explore the area on foot, by bike, or by taking a guided tour. The area is also home to a variety of restaurants, shops, and galleries, making it a great place to spend the day.
El Oso is an outdoor sculpture located in a public park in Phoenix, Arizona. The sculpture is a large, bronze bear standing on its hind legs, reaching up to the sky. The bear is surrounded by a pool of water and is a popular spot for visitors to take pictures and admire the artwork. The sculpture was created by artist Joe Tyler and is meant to represent the strength and resilience of the city of Phoenix.
Falcon is an exciting amusement park located in the heart of the desert. It features a variety of thrilling rides, including a roller coaster, a Ferris wheel, and a log flume. There are also plenty of carnival games, food stands, and other attractions to keep visitors entertained. The park is open year-round and offers special events and discounts throughout the year.
Cave Creek Wash Recreation Area is a popular outdoor destination located in the desert of Arizona. It features a wide variety of activities, including hiking, biking, horseback riding, and camping. The area is home to a variety of wildlife, including coyotes, javelinas, and quail. The wash is also known for its stunning views of the surrounding desert landscape. Visitors can explore the area's many trails, take in the breathtaking views, and enjoy the peaceful atmosphere.
Paradise Valley Park is a lush oasis in the desert. It features a large lake surrounded by walking trails, picnic areas, and playgrounds. The park is home to a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy fishing, kayaking, and paddle boating in the lake. The park also has a disc golf course, basketball courts, and a skate park. With its stunning views of the surrounding mountains and its many recreational activities, Paradise Valley Park is a great place to spend a day outdoors.
Lookout Mountain is a popular tourist destination located in the desert foothills of Arizona. It offers breathtaking views of the surrounding desert landscape, including the iconic Camelback Mountain. Visitors can take a scenic drive up the winding road to the top of the mountain, where they can take in the stunning views and explore the many trails and attractions. Popular activities include hiking, biking, and horseback riding. There is also a historic observatory, a wildlife refuge, and a museum.
Civic Space is an urban park located in the heart of downtown Phoenix. It features a large grassy area, a playground, a splash pad, a performance stage, and a variety of public art installations. The park also has a cafe and a variety of seating areas, making it a great place to relax and enjoy the outdoors. The park is surrounded by a variety of restaurants, shops, and other attractions, making it a great place to explore and experience the city.
Royal Palm Park is a lush oasis in the desert, featuring a variety of activities for visitors to enjoy. The park has a large lake, with a walking path around it, and plenty of shady trees. There are also several playgrounds, picnic areas, and a disc golf course. The park is home to a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy the scenic views of the nearby mountains.
Coronado is a historic neighborhood located in the heart of Phoenix. It is known for its charming bungalow-style homes, lush green parks, and vibrant art scene. The area is home to a variety of unique shops, restaurants, and galleries, as well as a popular outdoor market. Coronado is also home to the iconic Coronado Bridge, which offers stunning views of the city skyline.
This attraction is a popular spot for locals and tourists alike. It is a large outdoor park that features a lake, walking trails, and a variety of recreational activities. There are also picnic areas, playgrounds, and a variety of wildlife to observe. The park is also home to a variety of cultural events throughout the year, including concerts, festivals, and art shows.
Phoenix, Arizona area median rent change by ZIP code map
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
How does Phoenix compare to other cities in Arizona?
| city | median price |
|---|---|
| Sedona | $3,400 |
| Sun City West | $2,330 |
| Sun City | $2,225 |
| Tempe | $2,155 |
| Phoenix | $2,050 |
| Avondale | $2,050 |
| Prescott | $1,810 |
| Kingman | $1,795 |
| Sierra Vista | $989 |
Average household income in Phoenix area graph - US Census
Get updates straight to your inbox
Whenever this data is updated, you'll be the first to know. Don't miss out on crucial market insights.
The median household income in Phoenix in 2021 was $64,927. This represents a 35.6% change from 2011 when the median was $47,866.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 5.5% |
| 1 | $10,000 to $14,999 | 3.7% |
| 2 | $15,000 to $19,999 | 3.7% |
| 3 | $20,000 to $24,999 | 4.6% |
| 4 | $25,000 to $29,999 | 4.4% |
| 5 | $30,000 to $34,999 | 4.9% |
| 6 | $35,000 to $39,999 | 4.7% |
| 7 | $40,000 to $44,999 | 5.0% |
| 8 | $45,000 to $49,999 | 4.4% |
| 9 | $50,000 to $59,999 | 8.3% |
| 10 | $60,000 to $74,999 | 10.7% |
| 11 | $75,000 to $99,999 | 13.0% |
| 12 | $100,000 to $124,999 | 8.5% |
| 13 | $125,000 to $149,999 | 5.6% |
| 14 | $150,000 to $199,999 | 5.9% |
| 15 | $200,000 or more | 7.0% |
