Apartments for Rent in Phoenix, AZ

Prices and availability in Phoenix, AZ were last updated on 28 May 2026.

The best apartments in Phoenix, AZ are: Willow 38, The Catherine Townhomes at Scottsdale, Aura at Midtown, The Coronado and Canberra Apartments.

The average rent in Phoenix, AZ is $1,514.

The price range for a studio apartment in Phoenix, AZ is between $458 and $4,965.

The price range for a 1-bedroom apartment in Phoenix, AZ is between $497 and $6,755.

The price range for a 2-bedroom apartment in Phoenix, AZ is between $468 and $9,226.

The price range for a 3-bedroom apartment in Phoenix, AZ is between $727 and $9,226.

In Phoenix, 43% of the residents are renting compared to 57% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 25% of Phoenix's rentals, 45% are small-scale complexes with under 50 units, and 28% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Phoenix are about 30 years old, on average. Of these, 36% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 94% of the rental communities here are low-rise, garden-style communities, 7% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Studio apartments in Phoenix are around 9% of rentals, while 1-bedroom floor plans represent 45% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.