Phoenix, Arizona — Apartment rents

01

What apartments cost in Phoenix.

Advertised starting prices at 45 complexes, checked daily.

Median rent01
$1,449
lowest advertised price
Lowest02
$806
Omnia on Thomas
Dropped · 30d03
11
of 28 with 30-day history
Rose · 30d04
13
of 28 with 30-day history

Market temperature

Phoenix · 45 complexes
Hotscore +43ColdHot

Phoenix’s rental market is hot.

Landlords are raising prices and pulling specials. Expect less room to negotiate.

Prices · 90d
+2.3%
median change
Raised · cut
12 · 11
complexes, last 30 days
Weeks free
5.2
−0.2 vs 90 days ago

Based on how landlords are pricing, not renter demand: price changes over 90 and 30 days, and whether specials are growing or shrinking. Updated daily.

Best time to sign a lease

Phoenix · 27 complexes

Cheapest month

January

Starting rents ran about −2.9% versus trend, and +3.4% in August, the priciest month.

Specials run almost year-round (81–95% of complexes each month), most generous in November at about 8 weeks free.

Cheaper than trendPricierBottom row: % of complexes with a special
Show as a table
Monthvs trendWith a specialWeeks free (avg)
January−2.9%89%7.9
February−0.7%91%7.6
March+0.2%91%7.6
April−1.6%85%7.5
May−0.5%85%7.8
June+0.1%81%8.3
July+0.7%81%8.3
August+3.4%not reported—
September+2.2%not reported—
October+1.1%91%7.7
November+0.3%95%7.8
December−2.2%94%7.8

Based on 1,084 price checks across 27 complexes, Jun 2025 – Nov 2026. Each complex’s overall price trend is removed first, so this shows the seasonal pattern rather than the market moving up or down. That’s about one year of seasons, so treat it as an early read. Months marked “—” for specials had no specials data in the archived pages.

45 complexes

Phoenix rankings

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Frequently asked questions

updated daily
  1. 1. What is the average rent in Phoenix, AZ?

    The typical starting rent at Phoenix, AZ apartment complexes is $1,449 a month, the median of the lowest advertised price at 45 complexes we check every day. Starting prices are usually for the smallest unit.

  2. 2. What is the cheapest apartment complex in Phoenix, AZ?

    Omnia on Thomas has the lowest advertised starting rent in Phoenix, at $806 a month. Next are Latitude ($874) and The Charleston ($1,124).

  3. 3. What is the best apartment deal in Phoenix, AZ once specials are counted?

    With its special (up to 12 weeks free), Blume on Central works out to about $892 a month on a 12-month lease, the lowest in Phoenix once free weeks and discounts are spread over the lease. That’s a best case: “up to” specials can be smaller on some units.

  4. 4. How much has rent in Phoenix, AZ changed in the last month?

    Over the last month, the typical complex’s starting rent didn’t change in Phoenix, AZ. Of 28 complexes with prices from then, 11 cut prices and 13 raised them.

  5. 5. How has rent in Phoenix, AZ changed in the last year?

    Over the last year, the typical complex’s starting rent rose $24 in Phoenix, AZ. Of 31 complexes with prices from then, 10 cut prices and 20 raised them.

  6. 6. How many apartments in Phoenix, AZ offer move-in specials?

    34 of 45 complexes in Phoenix (76%) are advertising a move-in special right now. The typical one is up to 8 weeks free, and the biggest is up to 12 weeks.

  7. 7. When is the cheapest time to rent an apartment in Phoenix, AZ?

    Based on Phoenix’s price history, starting rents have been lowest in January and highest in August, after removing each complex’s overall trend.

  8. 8. Is Phoenix, AZ a renter’s market right now?

    Phoenix’s rental market is hot, based on how landlords are pricing: the typical starting rent rose 2.3% over 90 days, 12 complexes raised prices and 11 cut them over 30 days, and specials average 5.2 weeks free. Expect less room to negotiate.

  9. 9. How does rent in Phoenix, AZ compare with the rest of the Phoenix area?

    Phoenix’s typical starting rent of $1,449 is 0% lower than the Phoenix-area median of $1,456.

  10. 10. Which company manages the most apartment complexes we track in Phoenix, AZ?

    Mark-Taylor manages 31 complexes of the 45 we track in Phoenix.