Average Rent in Phoenix, AZ (2026)

Typical asking rent in Phoenix is $1,539. Across the 43 ZIP codes with data it runs from $1,069 to $3,000, so which side of town you buy on matters as much as the city average. Data as of July 2026.

Median rent
$1,539
Average rent
$1,672
Lowest ZIP
$1,069
Highest ZIP
$3,000

Rent by ZIP code in Phoenix

ZIP codeCountyTypical rentvs city median
85045Maricopa County$3,000+95%
85028Maricopa County$2,741+78%
85083Maricopa County$2,620+70%
85050Maricopa County$2,530+64%
85310Maricopa County$2,311+50%
85041Maricopa County$2,190+42%
85339Maricopa County$2,121+38%
85043Maricopa County$1,943+26%
85054Maricopa County$1,925+25%
85024Maricopa County$1,897+23%
85040Maricopa County$1,829+19%
85048Maricopa County$1,778+16%
85003Maricopa County$1,758+14%
85085Maricopa County$1,756+14%
85042Maricopa County$1,747+14%
85037Maricopa County$1,733+13%
85016Maricopa County$1,704+11%
85004Maricopa County$1,655+8%
85032Maricopa County$1,613+5%
85012Maricopa County$1,581+3%
85018Maricopa County$1,565+2%
85006Maricopa County$1,5390%
85013Maricopa County$1,531-1%
85044Maricopa County$1,524-1%
85027Maricopa County$1,454-6%
85014Maricopa County$1,443-6%
85020Maricopa County$1,438-7%
85008Maricopa County$1,420-8%
85034Maricopa County$1,414-8%
85019Maricopa County$1,412-8%
85022Maricopa County$1,394-9%
85007Maricopa County$1,392-10%
85033Maricopa County$1,367-11%
85035Maricopa County$1,364-11%
85051Maricopa County$1,332-13%
85053Maricopa County$1,297-16%
85017Maricopa County$1,290-16%
85023Maricopa County$1,268-18%
85009Maricopa County$1,248-19%
85015Maricopa County$1,241-19%
85029Maricopa County$1,236-20%
85021Maricopa County$1,218-21%
85031Maricopa County$1,069-31%

Rent by bedroom count in Phoenix

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Maricopa County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for. Maricopa County uses Small Area FMRs, and the two bedroom figure runs from $1,380 to $2,600 depending on the Phoenix ZIP code.

Unit sizeFY2027 Fair Market RentChange from FY2026
Studio$1,390-4.6%
1 bedroom$1,493-5.7%
2 bedroom$1,734-5.7%
3 bedroom$2,287-6.7%
4 bedroom$2,537-6.7%

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Phoenix?

Typical rent across Maricopa County is $1,717 as of August 2026. That is up 0.9% from a year earlier and up 7.9% over five years.

YearTypical rent, Maricopa CountyChange
2021$1,683+23.4%
2022$1,713+1.8%
2023$1,713+0.0%
2024$1,716+0.1%
2025$1,704-0.7%
2026 (through August)$1,717+0.7%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Phoenix rent questions

What is the average rent in Phoenix, AZ?
Typical asking rent in Phoenix is $1,539 a month as of July 2026, across 43 ZIP codes. By ZIP code it runs from $1,069 to $3,000.
How much is rent for a 2 bedroom in Phoenix?
HUD's FY2027 Fair Market Rent for a two bedroom in Maricopa County is $1,734 a month including utilities. A one bedroom is $1,493 and a three bedroom is $2,287. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Phoenix?
Rent is rising. Typical rent in Maricopa County is $1,717 as of August 2026, up 0.9% from a year earlier.
What is the cheapest ZIP code to rent in Phoenix?
ZIP 85031 has the lowest typical asking rent in Phoenix at $1,069 a month, compared with $1,539 for the city overall.
How much income do you need to rent in Phoenix?
Most landlords look for gross income of about three times the rent. At the typical Phoenix rent of $1,539, that is about $4,617 a month, or $55,404 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Phoenix sits in the Phoenix-Mesa-Chandler, AZ metro area.

Other Arizona cities

Would a rental in Phoenix cash flow?

Start the analyzer with the Phoenix median rent of $1,539 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.