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Apartments in 85040

1 - 30 of 33 Results
28
$1,469
Phoenix - Airport
3421 E Elwood St Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
1
3D Tour
$1,909
1420 E Bloch Road Phoenix Az
1420 E Bloch Road Phoenix, AZ
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
10
$1,199 - 1,400
Apex On Central
40 E Sunland Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
0
$1,599 - 1,965
The Chipman Apartments
1135 E Chipman Rd Phoenix, AZ
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
26
$1,895
5616 S 21st Pl
Phoenix, AZ
3 BR | Ask for Availability
Contact
Heat Included
House
In Unit Laundry
Dishwasher
1
$1,250
Cotton Center 136
4212 S 47Th St Phoenix, AZ
2 BR | Dec. 15, 2025
Contact
Dog Friendly
Cat Friendly
Storage
Pool
18
$1,100
2Bed Apt At Broadway/32nd St! $199 Move-in Special! Ready For Immediate Move-in!
2931 E Atlanta Ave Apt 2 Phoenix, AZ
2 BR | Ask for Availability
Contact
House
Air Conditioning
Dishwasher
15
$2,345
Brand New Townhouse 28th St And Broadway
2805 E Trumbull Rd Phoenix, AZ
3 BR | Ask for Availability
Contact
House
29
$1,500
1009 E Chipman Rd
Phoenix, AZ
2 BR | Available Now
Contact
House
14
$1,250
4475 E Pueblo Ave
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Dishwasher
1
$699
206-216 E Jones
206-216 E Jones Ave Phoenix, AZ
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
18
$1,199
Ivy Off Central
222 E Cody Dr Phoenix, AZ
2 BR | Available Now
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Dog Friendly
Cat Friendly
Pool
16
$1,400
Corona Del Sol
27 E Corona Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
7
$1,899
3Bed Home At Broadway/16th St! $399 Move-in Special! Move-in Ready On 1/08/2026!
1939 E Raymond St Phoenix, AZ
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
20
$840
E Wier Ave
Phoenix, AZ
1 BR | Ask for Availability
Contact
1
$2,000
4 Bedroom Home In East Phoenix
5728 S 35th Pl Phoenix, AZ
4 BR | Available Now
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House
Disability Access
18
$1,199
Ivy Off Central
222 E Cody Dr Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Pool
16
$1,400
Corona Del Sol
27 E Corona Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
1
$1,099 - 1,199
Multiple
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
1
$1,400
A577
1625 E Wood St Phoenix, AZ
3 BR | Available Now
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7
$950
5615 S 5Th St
Phoenix, AZ
1 BR | Available Now
Contact
19
$2,450
2437 E Jones Ave
Phoenix, AZ
4 BR | Dec. 15, 2025
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
28
$1,895
5719 S 21st Ter
Phoenix, AZ
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
28
$2,700
Beautiful New House In Phoenix!! 4 Beds 2.5 Baths
2801 E Trumbull Rd Phoenix, AZ
4 BR | Ask for Availability
Contact
House
11
$882
E Pueblo Ave
Phoenix, AZ
1 BR | Ask for Availability
Contact
1
$1,450
Phoenix 3 Bed/1 Bath - No Hoa
2144 E Corona Ave Phoenix, AZ
3 BR | Available Now
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House
1
$2,025
Renovated 4 Bedroom, 2 Bathroom Home In A Prime Phoenix Location!
222 E Southgate Ave Phoenix, AZ
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$2,100
Beautiful 3br/2.5ba Home In Phoenix!
1221 E Chambers St Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
0
$1,133
Tanner Manor Apartments
2150 E Broadway Rd Phoenix, AZ
2 BR | Available Now
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1
$2,345
2509 E Broadway Rd #4
Phoenix, AZ
3 BR | Dec. 8, 2025
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Dog Friendly
House
1 - 30 of 33 Results
  1. Home
  2. Phoenix
  3. 85040

How much does it cost to rent an apartment in 85040?

85040 apartments
Bed Type Average Rent Range
Studio $1,080 $700 - $1,470
1BR $880 $840 - $950
2BR $1,250 $1,100 - $1,600
3BR $1,900 $1,410 - $2,350
4+BR $2,240 $2,000 - $2,700
Frequently Asked Questions

How many apartments are available in 85040 on Rentable.co?

Rentable.co has 33 apartments available for rent in 85040.

What is the average rent for an apartment in 85040?

The average rent for an apartment in 85040 is around $1,350 per month.

What is the average rent for a two-bedroom apartment in 85040?

The average rent for a two-bedroom apartment in 85040 is around $1,250 per month.

What is the average rent for a one-bedroom apartment in 85040?

The average rent for a one-bedroom apartment in 85040 is around $882 per month.

What is the average rent for a studio apartment in 85040?

The average rent for a studio apartment in 85040 is around $1,084 per month.

Find an Apartment in 85040
Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 50 units available for rent in this area according to Rentable. The average rent in 85040 is $1,350, with studio units starting at $699.

If you're ready to find your next rental in 85040, check out the available apartments listed on Rentable. With a variety of units to choose from, you're sure to find one that suits your needs perfectly.

Phoenix:
December Rent Report

Welcome to the December 2025 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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

$1,650
$1,240
$830
$410
$0
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
1 BR       2 BR

Phoenix Rent Prices Decrease From November to December

Phoenix rent prices decreased over the last month. From November to December, 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 November to December, 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 $.

December 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.

December 2025 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 December 1 BR M/M % Change 2 BR December 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.

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