Homes & Apartments for Rent in 85042

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What to Know About

Living in 85042

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 August 2026, Phoenix's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Phoenix's average rent is 16.4% ($271) lower than the Arizona average of $1,649 and 23.4% ($422) lower than the U.S. average of $1,800.

Average Rent
$1,378
Monthly ChangeMonth Over Month Change
Increased0.5% ($7)
Yearly ChangeYear Over Year Change
Increased0.3% ($4)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,227 Decreased0.3% ($4) Increased2.8% ($33)
2 Beds $1,419 Increased0.1% ($1) Increased0.1% ($1)
3 Beds $2,222 Increased0.2% ($4) Increased4.2% ($89)
Nearby Cities Average Rent Avg. Rent vs. PhoenixAverage Rent vs. Phoenix Avg. Days on MarketAverage Days on Market
Paradise Valley $1,727 Increased25.3% ($349) 24 days
Glendale $1,345 Decreased2.4% ($33) 28 days
Tempe $1,535 Increased11.4% ($157) 21 days
Tolleson $1,829 Increased32.7% ($451) 25 days
Laveen $2,029 Increased47.2% ($651) 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 $1,378 per month.
Homes in Phoenix typically rent for between $859 and $2,889 per month, with an average of $1,378 per month.
In Phoenix, the average rent for a 1-bedroom home is $1,227 per month, for a 2-bedroom home, $1,419 per month, and a 3-bedroom home is $2,222 per month.
The average rent in Phoenix is 23.4% ($422) lower than the national average of $1,800 per month.
The average rent in Phoenix has increased by 0.5% ($7) in the last month and increased by 0.3% ($4) 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 1,387 rental property available in Phoenix, AZ.
Based on the current averages, a household would need an annual income of $56,760 to comfortably afford a 2-bedroom home in Phoenix.
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