How many apartments are available in Downtown Phoenix on Rentable.co?

Rentable.co has over 183 apartments available near Downtown Phoenix.

What is the average rent for a studio apartment in Downtown Phoenix?

The average rent for a studio apartment near Downtown Phoenix is around $1,435 per month.

What is the average rent for a one-bedroom apartment in Downtown Phoenix?

The average rent for a one-bedroom apartment near Downtown Phoenix is around $1,899 per month.

What is the average rent for a two-bedroom apartment in Downtown Phoenix?

The average rent for a two-bedroom apartment near Downtown Phoenix is around $2,495 per month.

How many apartments are available in Phoenix, AZ on Rentable.co?

Rentable.co has over 101,273 apartments available in Phoenix.

What is the average rent for a studio apartment in Phoenix, AZ?

The average rent for a <a href='/phoenix-az/studio-apartments-for-rent' >studio apartment</a> in Phoenix is around $950 per month.

What is the average rent for a one-bedroom apartment in Phoenix, AZ?

The average rent for a <a href='/phoenix-az/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Phoenix is around $1,200 per month.

What is the average rent for a two-bedroom apartment in Phoenix, AZ?

The average rent for a <a href='/phoenix-az/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Phoenix is around $1,470 per month.

How expensive is it to rent an apartment in Phoenix, AZ?

For a two-bedroom apartment in Phoenix, the average rent price is $1,470 per month, which is lower than the national average of $1,650 per month.

Can I afford an apartment for rent in Phoenix, AZ?

Based on average rent prices in Phoenix, to afford a <a href='/phoenix-az/studio-apartments-for-rent' >studio apartment</a> you would need an annual household income of $38,000 to live comfortably.

Apartments in Downtown Phoenix

Phoenix:
March Rent Report

Welcome to the March 2026 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 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.

Monthly Rent Report

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1 BR 2 BR

Phoenix Rent Prices Decrease From February to March

Phoenix rent prices decreased over the last month. From February to March, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from February to March, Phoenix experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $.

March Prices: Phoenix vs. Surrounding Areas

Rent Prices in Phoenix and Surrounding Areas

Rent prices have decreased 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 0 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:

Rents did not increase in any of the Phoenix suburbs
Rents did not decrease in any of the Phoenix suburbs.

March 2026 Pricing Trends: Phoenix vs. National Comparisons

Phoenix Rent Prices More Affordable Than Major Cities

Rent growth in Phoenix over the past year has been declining. 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.

For more information about Phoenix and surrounding area rent prices, take a look at the complete data set below.

Data set for Phoenix and suburbs

	1 BR March	1 BR M/M % Change	2 BR March	2 BR M/M % Change

Methodology

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.