How many apartments are available in Metrocenter on Rentable.co?

Rentable.co has over 71 apartments available near Metrocenter.

What is the average rent for a studio apartment in Metrocenter?

The average rent for a studio apartment near Metrocenter is around $1,049 per month.

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

The average rent for a one-bedroom apartment near Metrocenter is around $1,178 per month.

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

The average rent for a two-bedroom apartment near Metrocenter is around $1,450 per month.

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

Rentable.co has over 74,647 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 $1,130 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 $1,320 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 $1,590 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 $1,590 per month, which is similar to the national average of $1,620 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 $45,000 to live comfortably.

Apartments in Metrocenter Phoenix

Phoenix:
May Rent Report

Welcome to the May 2024 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 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

$1,700

$1,280

$850

$430

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Phoenix Rent Prices Increase From April to May

Phoenix rent prices increased over the last month. From April to May, the city experienced a 1.46% increase for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,321.0.

When we take a look at the two-bedroom comparison from April to May, Phoenix experienced a 0.5% increase for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,607.0.

May Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ

Casa Grande, AZ

Gilbert, AZ

Chandler, AZ

Tempe, AZ

Mesa, AZ

Phoenix, AZ

Glendale, AZ

$1,916

$1,814

$1,701

$1,655

$1,519

$1,432

$1,302

$1,277

$650

$1,300

$1,950

$2,600

Median 1 BR Rent

Rent Prices in Phoenix and Surrounding Areas

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 4 of the Phoenix suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Scottsdale, AZ, Chandler, AZ, Casa Grande, AZ, Gilbert, AZ .
Rent decreased in Mesa, AZ, Tempe, AZ, Glendale, AZ.
6 suburbs are currently priced higher than the city of Phoenix.
1 suburb is currently priced lower than the city of Phoenix.

May 2024 Pricing Trends: Phoenix vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Phoenix, AZ

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,302

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Phoenix Rent Prices More Affordable Than Major Cities

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.

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 May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Phoenix, AZ	$1,302.0	0.00%	$1,599.0	-0.44%
Mesa, AZ	$1,432.0	-0.90%	$1,711.0	-0.35%
Scottsdale, AZ	$1,916.0	3.12%	$2,265.0	2.44%
Tempe, AZ	$1,519.0	-0.20%	$1,819.0	-0.22%
Glendale, AZ	$1,277.0	-0.62%	$1,560.0	-0.89%
Chandler, AZ	$1,655.0	1.53%	$1,836.0	0.16%
Casa Grande, AZ	$1,814.0	7.66%	$2,066.0	1.18%
Gilbert, AZ	$1,701.0	0.18%	$2,043.0	-0.29%

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.