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Apartments in 85040

1 - 18 of 18 Results
31
$1,679
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
40
$1,395
4467 E Pueblo Ave
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
In Unit Laundry
10
$2,300
2 Story- 3 Bedroom- Gorgeous Pool!
1115 E Sunland Ave Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
6
$1,575
The Ivy Off Central
222 E Cody Dr Phoenix, AZ
2 BR | May. 10, 2024
Contact
Dog Friendly
Cat Friendly
Luxury
Storage
Disability Access
4
$1,550
Corona Del Sol
27 E Corona Ave Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Disability Access
12
$1,895
Affordable Unit On South Side Coming Soon!
414 E Pecan RD Phoenix, AZ
3 BR | May. 10, 2024
Contact
House
Disability Access
21
$1,395
4423 E Riverside St
Phoenix, AZ
3 BR | Available Now
Contact
House
10
$1,500
2824 E Wier Ave Unit Apt
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
9
$1,099 - 1,400
Apex On Central
40 E Sunland Ave Phoenix, AZ
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
19
$2,395
4 Bedroom South Phx
1508 E Atlanta Ave Phoenix, AZ
4 BR | Ask for Availability
Contact
House
17
$2,340
623 E Cody Dr
Phoenix, AZ
4 BR | Ask for Availability
Contact
House
38
$2,495
Newly Built 3 Bed 2.5 Bath Home For Rent!
2526 E Broadway Rd Phoenix, AZ
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
2
$1,129 - 1,249
Multiple
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
17
$895
4211 S 3rd St
Phoenix, AZ
2 BR | Available Now
Contact
21
$2,150
2616 E Wood St
Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
1
$500
4815 S 7th St
Phoenix, AZ
Studio | Available Now
Contact
0
$1,700
4429 E Riverside St
Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Disability Access
Dishwasher
1 - 18 of 18 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
1BR $1,200 $1,100 - $1,200
2BR $1,350 $970 - $1,580
3BR $1,910 $1,400 - $2,500
4+BR $2,340 $1,550 - $2,400
Frequently Asked Questions

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

Rentable.co has 18 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 $1,370 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 $1,350 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 $1,199 per month.

Find an Apartment in 85040
Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 35 units available for rent in this area according to Rentable. The average rent in 85040 is $1,400, with 2-bedroom units starting at $989.

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:
April Rent Report

Welcome to the April 2024 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Phoenix Rent Prices Decrease From March to April

Phoenix rent prices decreased over the last month. From March to April, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,302.0.

When we take a look at the two-bedroom comparison from March to April, Phoenix experienced a -0.44% decrease for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,599.0.

April Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ
Gilbert, AZ
Chandler, AZ
Tempe, AZ
Mesa, AZ
Phoenix, AZ
Glendale, AZ
$1,858
$1,698
$1,630
$1,522
$1,445
$1,302
$1,285
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

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 3 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 Tempe, AZ, Scottsdale, AZ, Chandler, AZ .

  • Rent decreased in Mesa, AZ, Glendale, AZ, Gilbert, AZ.

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

  • 1 suburb is currently priced lower than the city of Phoenix.

April 2024 Pricing Trends: Phoenix vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Phoenix, AZ
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,302
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Phoenix, AZ $1,302.0 -1.06% $1,606.0 -1.53%
Mesa, AZ $1,445.0 -1.30% $1,717.0 -0.23%
Tempe, AZ $1,522.0 0.40% $1,823.0 0.17%
Scottsdale, AZ $1,858.0 2.43% $2,211.0 1.94%
Glendale, AZ $1,285.0 -0.46% $1,574.0 -1.32%
Chandler, AZ $1,630.0 2.13% $1,833.0 1.61%
Gilbert, AZ $1,698.0 0.00% $2,049.0 0.25%

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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