Apartments in 85016

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2 Biltmore #101 Apartment for rent in Phoenix, AZ
$14,995
Phoenix, AZ
3 BR | Available Now
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Dog Friendly
House
0
4126 N 22Nd St Apartment for rent in Phoenix, AZ
$1,200
Phoenix, AZ
2 BR | Ask for Availability
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Dishwasher
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How much does it cost to rent an apartment in 85016?

85016 apartments
Bed Type Average Rent Range
Studio $1,090 $940 - $1,830
1BR $1,320 $970 - $2,040
2BR $1,570 $1,240 - $2,700
3BR $2,760 $1,170 - $11,620
4+BR $2,800 $2,800 - $2,800
Find an Apartment in 85016
Are you looking for apartments in the 85016 zip code in Phoenix, AZ? Look no further! Rentable has a variety of options available for you. Currently, there are 416 units available for rent in this area. The average rent in 85016 is $1,400, with the minimum rent for a studio floor plan starting at $937.

85016 is a bustling and sought-after neighborhood in Phoenix, AZ. With its convenient location and numerous amenities, it attracts residents from all walks of life. Take advantage of the vibrant community, nearby parks, and easy access to local attractions.

If you're seeking apartments 85016 Phoenix, AZ, Rentable is here to assist you. Explore our selection of available apartments and discover the perfect rental that suits your needs. Don't miss out on the opportunity to live in this vibrant area of Phoenix!

Phoenix:
July Rent Report

Welcome to the July 2025 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 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
$0
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
1 BR       2 BR

Phoenix Rent Prices Increase From June to July

Phoenix rent prices increased over the last month. From June to July, the city experienced a 0.31% increase for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,298.0.

When we take a look at the two-bedroom comparison from June to July, Phoenix experienced a 0.32% increase for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,547.0.

July Prices: Phoenix vs. Surrounding Areas

Goodyear, AZ
Scottsdale, AZ
Gilbert, AZ
Chandler, AZ
Tempe, AZ
Mesa, AZ
Glendale, AZ
Phoenix, AZ
$2,355
$1,837
$1,679
$1,615
$1,543
$1,478
$1,303
$1,294
$0
$800
$1,600
$2,400
$3,200
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 Mesa, AZ, Glendale, AZ, Goodyear, AZ, Gilbert, AZ .

  • Rent decreased in Tempe, AZ, Scottsdale, AZ, Chandler, AZ.

  • 7 suburbs are currently priced higher than the city of Phoenix.

July 2025 Pricing Trends: Phoenix vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Phoenix, AZ
Minneapolis, MN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,294
$1,250
$0
$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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Phoenix, AZ $1,294.0 0.86% $1,542.0 0.39%
Mesa, AZ $1,478.0 2.00% $1,783.0 0.56%
Tempe, AZ $1,543.0 -2.09% $1,865.0 -0.21%
Scottsdale, AZ $1,837.0 -0.49% $2,197.0 0.09%
Glendale, AZ $1,303.0 0.23% $1,544.0 0.13%
Chandler, AZ $1,615.0 -0.25% $1,862.0 -1.01%
Goodyear, AZ $2,355.0 4.95% $2,126.0 0.24%
Gilbert, AZ $1,679.0 1.02% $2,066.0 0.10%

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.