What is the average apartment size in Downtown Phoenix, Phoenix, AZ?

The average size for a Downtown Phoenix, Phoenix, AZ apartment is 796 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Downtown Phoenix?

As of Jan / 2026, the average rent in Downtown Phoenix is $1,943 per month, a 3.49% decrease from last years average of $2,013.

How much does rent cost by apartment size in Downtown Phoenix?

In Downtown Phoenix, studios rent for $1,356 per month, one-bedroom units average $1,833 per month, two-bedrooms cost around $2,471 per month, and three-bedroom apartments rent for about $3,383 per month

What is the average apartment size in Downtown Phoenix?

The typical apartment in Downtown Phoenix offers about 796 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

How large are apartments by bedroom count in Downtown Phoenix?

Studio apartments in Downtown Phoenix average 445 sq. ft., one-bedrooms offer 741 sq. ft., two-bedrooms are about 1,111 sq. ft., and three-bedroom apartments average 1,343 sq. ft.

Downtown Phoenix, Phoenix, AZ Rental Market Trends

Q: What's the typical rent budget in Downtown Phoenix?

The typical rent budget in Downtown Phoenix ranges from $1,501 to $2,000 per month, with 46% of rentals in this range.

Q: Do most people rent or own in Downtown Phoenix?

In Downtown Phoenix, 73% of households rent while 27% own their homes, based on the latest U.S. Census data.

Last updated: February 21, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Downtown Phoenix is $1,943, a 3.49% decrease compared to the previous year, when the average rent was $2,013.

Studio Apartments at $1,356 offer the most budget-friendly option with 445 square feet, ideal for single renters prioritizing location over space.

One-bedroom apartments provide 741 square feet for $1,833, balancing privacy and affordability.

Two-beedroom units at $2,471 offer 1,111 square feet, perfect for roommates or small families.

Three-bedroom apartments deliver maximum space (1,343 sq ft) for $3,383, suitable for larger households.

Average rent in Downtown Phoenix, Phoenix, AZ

Last updated: February 21, 2026

	Average Rent	Average Apartment Size
All Rentals	$1,943	796 sq. ft.
Studio	$1,356	445 sq. ft.
1 Bed	$1,833	741 sq. ft.
2 Beds	$2,471	1,111 sq. ft.
3 Beds	$3,383	1,343 sq. ft.

Downtown Phoenix, Phoenix, AZ rent trends

Rental prices in Downtown Phoenix, Phoenix, AZ have decreased by 3.49% over the past year. The average rent moved from $2,013 to $1,943.

What's the typical rent budget in Downtown Phoenix, Phoenix, AZ?

The largest share of rentals in Downtown Phoenix, Phoenix, AZ (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Downtown Phoenix, Phoenix, AZ?

3,318 or 73% of the households in Downtown Phoenix, Phoenix, AZ are renter-occupied while 1,212 or 27% are owner-occupied.

Most affordable neighborhoods in Downtown Phoenix?

Alhambra $1,217/month

North Mountain Village $1,226/month

Maryvale $1,352/month

All of these neighborhoods fall below the city wide average of $1,474/month.

Most expensive neighborhoods in Downtown Phoenix?

Downtown Phoenix $1,943/month

Desert View $1,991/month

Valley Vista $2,211/month

These neighborhoods typically command higher rents due to location, amenities, and demand.

Average Rent in Phoenix, AZ By Neighborhood

Neighborhood	Average Rent
Valley Vista	$2,211
Desert View	$1,991
Downtown Phoenix	$1,943
Sonoran Foothills	$1,868
Dynamite Mountain Ranch	$1,832
Estrella Village	$1,719
Tramonto	$1,576
Ahwatukee Foothills	$1,575
South Mountain Highland Terrace	$1,546
Amber Hills	$1,538
Paradise Valley Village	$1,521
Biltmore	$1,518
East Phoenix	$1,500
Camelback East	$1,461
Encanto Village	$1,439
Central City	$1,416
Deer Valley Village	$1,376
Maryvale	$1,352
North Mountain Village	$1,226
Alhambra	$1,217

Phoenix | Rent Comparison by Neighborhood

Rent in Downtown Phoenix is 23% higher than in Ahwatukee Foothills

$1,943

Downtown Phoenix rent is the same as Phoenix average

Average Rent $1,943

$1,575

Ahwatukee Foothills rent is 19% lower than Phoenix average

Average Rent $1,575

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Phoenix apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.