Homes & Apartments for Rent in 85012

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What to Know About

Living in 85012

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 October 2026, Phoenix's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Phoenix's average rent is 14.9% ($247) lower than the Arizona average of $1,659 and 22.4% ($407) lower than the U.S. average of $1,819.

Average Rent
$1,412
Monthly ChangeMonth Over Month Change
Increased0.9% ($13)
Yearly ChangeYear Over Year Change
Increased1.4% ($20)
Avg. Days on MarketAverage Days on Market
33
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,246 Increased1.1% ($13) Increased1.9% ($23)
2 Beds $1,410 Decreased0.6% ($9) Decreased1.9% ($27)
3 Beds $2,169 Decreased0.4% ($8) Increased2.3% ($49)
Nearby Cities Average Rent Avg. Rent vs. PhoenixAverage Rent vs. Phoenix Avg. Days on MarketAverage Days on Market
Paradise Valley $1,690 Increased19.7% ($278) 24 days
Glendale $1,373 Decreased2.8% ($39) 28 days
Tempe $1,557 Increased10.3% ($145) 21 days
Tolleson $1,763 Increased24.9% ($351) 36 days
Laveen $2,103 Increased48.9% ($691) 33 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 $1,412 per month.
Homes in Phoenix typically rent for between $872 and $2,820 per month, with an average of $1,412 per month.
In Phoenix, the average rent for a 1-bedroom home is $1,246 per month, for a 2-bedroom home, $1,410 per month, and a 3-bedroom home is $2,169 per month.
The average rent in Phoenix is 22.4% ($407) lower than the national average of $1,819 per month.
The average rent in Phoenix has increased by 0.9% ($13) in the last month and increased by 1.4% ($20) 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 33 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 1,497 rental properties available in Phoenix, AZ.
Based on the current averages, a household would need an annual income of $56,400 to comfortably afford a 2-bedroom home in Phoenix.
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