Renter Resources
What Renters Must Photograph Before Moving In
Your landlord just gave you the keys. You're excited to move in, but one thing that could cost you hundreds later is not documenting what's already broken.
•8 min read
What to Know About
Living in Phoenix, AZ
Phoenix, the vibrant "Valley of the Sun," basks in an endless summer, serving up an irresistible fusion of awe-inspiring deserts, thrilling outdoor escapades, and a pulsing culinary scene. Savor a delightful mix of culinary delights ranging from the sublime flavors of southwestern cuisine to delectable international fare. Culture seekers will love Phoenix's world-class cultural venues, including the magnificent Phoenix Art Museum, the captivating Heard Museum, and the legendary Phoenix Symphony Orchestra. Finally, embark on outdoor adventures and experience the magic of South Mountain Park and the enchanting Desert Botanical Garden, where nature lovers can stroll through the endless hiking trails or tee off on the immaculate golf courses.
Sports enthusiasts will be thrilled to cheer on Phoenix's professional teams, including the Arizona Cardinals (NFL), Arizona Coyotes (NHL), Arizona Diamondbacks (MLB), and the Phoenix Suns (NBA). And for a truly unforgettable experience, mark your calendars for must-attend events such as the electrifying Arizona State Fair, the world-famous Barrett-Jackson Auto Show, and the exhilarating Cactus League Spring Training.
Phoenix is a dynamic city that caters to those seeking a superior quality of life and many exciting experiences, which is why it's such a great place to live.
Rental Market Trends
Phoenix, AZ
As of June 2025, Phoenix's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Phoenix's average rent is 18.7% ($321) lower than the Arizona average of $1,712 and 22.0% ($393) lower than the U.S. average of $1,784.
Average Rent
$1,391
Monthly ChangeMonth Over Month Change
2.8% ($40)
Yearly ChangeYear Over Year Change
13.1% ($209)
Avg. Days on MarketAverage Days on Market
27
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,210 | 0.4% ($5) | 11% ($150) |
| 2 Beds | $1,428 | 0.3% ($5) | 11.2% ($181) |
| 3 Beds | $2,138 | 1.1% ($23) | 3.7% ($83) |
| Nearby Cities | Average Rent | Avg. Rent vs. PhoenixAverage Rent vs. Phoenix | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Paradise Valley | $1,728 | 24.2% ($337) | 24 days |
| Glendale | $1,386 | 0.4% ($5) | 28 days |
| Tempe | $1,563 | 12.4% ($172) | 21 days |
| Tolleson | $1,861 | 33.8% ($470) | 25 days |
| Laveen | $2,242 | 61.2% ($851) | 26 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Phoenix Rental Market FAQs
Explore rental prices, market trends, and availability in Phoenix, AZ.
The average rent in Phoenix, AZ is $1,391 per month.
Homes in Phoenix typically rent for between $847 and $2,779 per month, with an average of $1,391 per month.
In Phoenix, the average rent for a 1-bedroom home is $1,210 per month, for a 2-bedroom home, $1,428 per month, and a 3-bedroom home is $2,138 per month.
The average rent in Phoenix is 22% ($393) lower than the national average of $1,784 per month.
The average rent in Phoenix has decreased by 2.8% ($40) in the last month and decreased by 13.1% ($209) over the past year.
The rental market in Phoenix, AZ, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Phoenix, AZ, the average rental stays on the market for approximately 27 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There is currently 1,555 rental property available in Phoenix, AZ.
Based on the current averages, a household would need an annual income of $57,120 to comfortably afford a 2-bedroom home in Phoenix.
