If you enjoy year-round warm weather, a slower pace of life, and beautiful desert scenery, then Phoenix might be for you. Phoenix itself is the core city at the center of the Phoenix metropolitan area. Phoenix is home to 1.4 million people, but the entire "Valley of the Sun" has closer to 4.3 million residents. Phoenix has some of the warmest weather in the country, with the summers getting extremely hot on a regular basis. It has a diversified economy, with a very strong retail sector. It is also a tourist mecca, with thousands of people living seasonally in the city to enjoy the warmer weather during the winter months.
The best advice when looking for apartments in Phoenix is to not bother during the winter months. The huge numbers of people from the northern United States and Canada that come here every winter occupy the vast majority of vacant apartments. However, they all start to leave around April or May of each year, leaving many suites vacant and for the taking.
Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.
Because Phoenix is subject to such a seasonal population fluctuation, assuring landlords that you're looking for a year-round home is a very good way to find an apartment. Landlords will be eager to find people willing to sign a one year lease. If you can assure a landlord of this, you might jump yourself to the front of the line.
Phoenix was designed with a very thorough system of freeways that make car travel across the large valley very convenient. Travelling to all the various suburbs is best achieved by car. Although there is a public transportation system, it does not provide excellent reach to the more outlying parts of the metropolitan area.
Phoenix has major sports teams in all the leagues, and enthusiasm for local college sports is high. In addition, the Cactus League spring training that takes place in the area is very popular with baseball fans. The arts are alive in well in Phoenix, with a great music scene, and several professional theatres. For the college bar experience, head to Tempe.
Welcome to the October 2021 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the October 2021 key findings and figures for the Phoenix rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Phoenix and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Phoenix average rent prices in the chart below.
Phoenix rent prices increased over the last month. From September to October, the city experienced a 6.68% increase for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,358.0.
When we take a look at the two-bedroom comparison from September to October, Phoenix experienced a 5.38% increase for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,686.0.
Rent prices have increased in Phoenix over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 7 of the Phoenix suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.
More key findings include:
Rent increased in Tempe, AZ, Mesa, AZ, Scottsdale, AZ, Glendale, AZ, Chandler, AZ, Guadalupe, AZ, Gilbert, AZ .
Rents did not decrease in any of the Phoenix suburbs.
3 suburbs are currently priced higher than the city of Phoenix.
4 suburbs are currently priced lower than the city of Phoenix.
Rent growth in Phoenix over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Phoenix average rent prices appear to be relatively affordable for local residents.
The price for a Phoenix one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.
You can view the full rundown of Rentable's October 2021 National Apartment Report and data set here.
For more information about Phoenix and surrounding area rent prices, take a look at the complete data set below.
|1 BR October||1 BR M/M % Change||2 BR October||2 BR M/M % Change|
Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.