22 zip codes·Updated September 2026

Phoenix rents and rental comps

The median asking rent across 22 Phoenix zip codes is $1,578/month, down 6.0% from a year ago.

One of the most popular markets for rental investors for a reason: landlord-friendly laws, strong population growth, and a lot of California money following the Californians east. Institutions are active here. Know what you're bidding against.

Median Asking Rent

$1,578

Rent Change (YoY)

-6.0%

Avg Days on Market

Active Rental Listings

5,542

Median List Price

$445,000

Median Asking Rent Over Time

Average across 22 zip codes

12 months-5.5%

Median Asking Rent by ZIP Code

Rental Listings by ZIP Code

ZIP	Median Rent	YoY Growth	$/Sqft	Avg DOM	Listings
85028	$2,875/mo	+6.5%	$1.80	55	53
85041	$2,060/mo	-0.7%	$1.27	49	163
85042	$2,050/mo	-6.6%	$1.55	50	163
85003	$1,891/mo	-0.2%	$2.36	30	195
85037	$1,795/mo	-5.5%	$1.50	27	262
85040	$1,712/mo	+4.1%	$1.52	49	137
85032	$1,702/mo	-4.1%	$1.66	56	395
85016	$1,695/mo	-5.8%	$1.92	48	497
85004	$1,636/mo	+2.3%	$2.29	21	318
85018	$1,600/mo	-13.3%	$1.92	57	396
85044	$1,590/mo	-20.3%	$1.66	12	307
85020	$1,585/mo	-0.9%	$1.67	39	269
85014	$1,512/mo	-10.8%	$1.76	44	392
85013	$1,500/mo	-8.8%	$1.91	41	296
85012	$1,495/mo	0.0%	$1.99	32	133
85008	$1,378/mo	-1.2%	$1.68	44	456
85035	$1,315/mo	-13.3%	$1.55	39	167
85033	$1,299/mo	-18.8%	$1.50	31	132
85006	$1,295/mo	-13.6%	$1.83	73	217
85021	$1,250/mo	-3.8%	$1.50	44	251
85015	$1,225/mo	-5.8%	$1.51	62	246
85007	$1,195/mo	-11.5%	$1.82	69	97

Comps for any address in Phoenix

Type the address, get the comps. No setup.

Median Asking Rent by Bedroom

Unit Size	Median Rent	$/Sqft
Studio	$900/mo	$2.16/sqft
1 Bedroom	$1,287/mo	$1.90/sqft
2 Bedroom	$1,613/mo	$1.62/sqft
3 Bedroom	$2,223/mo	$1.63/sqft
4 Bedroom	$2,495/mo	$1.50/sqft

Aggregated median across all Phoenix zip codes with available data.

For-Sale Listings by ZIP Code

ZIP	Median List Price	YoY Change	$/Sqft
85018	$1,100,000	0.0%	$512.05
85028	$730,000	-3.3%	$371.82
85003	$699,000	+7.5%	$420.03
85016	$549,000	-3.7%	$352.49
85012	$525,000	0.0%	$319.93
85007	$519,000	-1.1%	$354.84
85006	$499,000	+1.6%	$372.42
85013	$495,000	-6.6%	$330.01
85004	$492,000	+9.3%	$339.43
85044	$473,000	-3.5%	$293.82
85014	$450,000	-9.8%	$303.57
85032	$440,000	+6.0%	$300.00
85042	$439,000	-4.6%	$258.41
85021	$434,900	-12.8%	$277.58
85037	$420,990	+7.1%	$244.77
85041	$420,000	0.0%	$228.07
85020	$398,500	-4.0%	$294.45
85008	$395,000	-12.2%	$287.62
85015	$384,900	+2.6%	$246.18
85040	$365,000	+4.3%	$247.34
85035	$350,000	+2.9%	$237.13
85033	$329,000	-2.7%	$232.26

HUD Fair Market Rents

Unit Size	Fair Market Rent	Median Asking Rent	Difference
Studio	$1,700/mo	$900/mo	-47%
1 Bedroom	$1,850/mo	$1,287/mo	-30%
2 Bedroom	$2,150/mo	$1,613/mo	-25%
3 Bedroom	$2,870/mo	$2,223/mo	-23%
4 Bedroom	$3,180/mo	$2,495/mo	-22%

HUD publishes Fair Market Rents once a year for the Phoenix metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.

Maricopa County FMR page Section 8 vs market rent

About the Phoenix rental market

The median asking rent across Phoenix, AZ sits at $1,578/month, pulled from active rental listings in 22 zip codes. That's down 6.0% from a year ago.

Rents aren't uniform across the city. ZIP 85028 tops the list at $2,875/month. ZIP 85007 comes in lowest at $1,195/month. That's a 141% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,613/month at the median. 1-bedrooms run about $1,287. 3-bedrooms come in around $2,223.

Listings take longer here. The average is 44 days on market, which gives renters more room to negotiate and means landlords should price carefully.

Rent-to-price math is tight in Phoenix. The gross figure sits at about 4.3% ($1,578/month against $445,000 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Phoenix metro is $2,150/month. Asking rents come in about 27% below the federal benchmark, which can make Section 8 properties competitive here.

Phoenix is where a lot of investors buy their first rental, for good reason. Population growth is real, Arizona is landlord-friendly, and entry points are reasonable compared to California. Institutional activity has been heavy here, which tells you the numbers work. Rents spiked hard from 2020 to 2022 and have been normalizing since. Scottsdale and Arcadia are premium. West Valley and South Phoenix are where cash flow lives. Phoenix detail people forget: summer heat is brutal. Renters pay a premium for newer units with good AC. That gap matters when you're pricing an older property.

These numbers are city-wide averages. If you're pricing a specific property in Phoenix, pull comps from the same zip code. The spread is usually bigger than people expect.