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Highlights

  • Rent Special
  • Pet Friendly
  • Upscale amenities
  • Resort-inspired swimming pool
  • Fully-equipped fitness center
  • Distinctive design
  • Luxury urban living
  • Stylishly modern

Location

440 E Van Buren St, Phoenix, AZ 85004, USA|Downtown Phoenix
Hi! Let’s figure out if this property is right for you.

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Tour PALMTower

Contact

Management

TerraLane at South Mountain

Leasing office

(602) 837-1295

Open 

Tuesday 10:00 am–5:00 pm MST

Property Overview

PALMTower delivers luxury urban living with upscale, stylishly modern design and resort-style amenities like a pool and fully equipped fitness center, earning an expert rating of 8.3/10 and strong scores for price, amenities, location, and trustworthiness. Its competitive value, extensive photo set, and walkable, transit-accessible surroundings with abundant restaurants, parks, and local event hubs make it a compelling option for renters seeking convenience, social connection, and environmental sustainability.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, PALMTower is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, PALMTower has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • Middle school nearby

Great for

  • Social life
  • Eco living

Floor plans

S1 - 0BR/1BAStudio1 bath502 sqft$1,485–$1,785 /mo12 units available
S2 - 0BR/1BAStudio1 bath532 sqft$1,550 /mo3 units available
S3 - 0BR/1BAStudio1 bath549 sqft$1,720–$1,895 /mo3 units available
A2 - 1BR/1BA1 bed1 bath724 sqft$1,685–$1,985 /mo3 units available
A3 - 1BR/1BA1 bed1 bath740 sqft$1,800–$2,500 /mo12 units available
A4 - 1BR/1BA1 bed1 bath590 sqft$1,800–$2,000 /mo3 units available
A1 - 1BR/1BA1 bed1 bath667 sqft$1,899–$1,949 /mo3 units available
A6 - 1BR/1BA1 bed1 bath741 sqft$1,900–$1,975 /mo7 units available
A5 - 1BR/1BA1 bed1 bath816 sqft$2,385 /mo2 units available
B1 - 2BR/2BA2 bed2 bath1,079 sqft$2,515–$2,640 /mo4 units available
B2 - 2BR/2BA2 bed2 bath1,052 sqft$2,619–$2,819 /mo8 units available
B4 - 2BR/2BA2 bed2 bath1,143 sqft$2,979 /mo2 units available
B5 - 2BR/2BA2 bed2 bath990 sqft$3,075 /mo2 units available
B3 - 2BR/2BA2 bed2 bath1,132 sqft$3,499 /mo1 unit available
C1 - 3BR/3BA3 bed3 bath1,409 sqft$3,800 /mo2 units available

Let's explore this property.

Amenities for PALMTower

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Application Fee

Per-applicant.

$50

REQUIRED FEES

Admin Fee

One-time.

$250

Deposit

One-time. Refund Policy: 100%.

Contact Property

OPTIONAL FEES

Dog Policy

Allowed

Cat Policy

Allowed

Cat

Pet Rent

Monthly. 2 cats max.

$40

Pet Fee

One-time fee per pet.

$250

Pet Deposit

One-time deposit per pet.

$400

Dog

Pet Rent

Monthly. 2 dogs max.

$40

Pet Fee

One-time fee per pet.

$250

Pet Deposit

One-time deposit per pet.

$400

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Units350
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About PALMTower

HomeApartments in PhoenixDowntown Phoenix PALMTower

Experience the epitome of luxury urban living in the heart of Downtown Phoenix, Arizona, where PALMtower is the hottest new destination for high-rise apartment living. With its distinctive design and elevated amenities, PALMtower lets you live the ultimate urban lifestyle. Choose the space that suits your groove with stylishly modern studio, one, two, and three bedroom apartments and get used to the good life with upscale amenities, including a fully-equipped fitness center and resort-inspired swimming pool on the 7th floor sky deck. Nearby, premier shopping, dining, and entertainment are steps from your door, at locales like the Arizona Center, Pizzeria Bianco, Footprint Center, and Chase Field. Hop on light rail for commuting around the Phoenix area with ease. Discover the best of city living at PALMtower today.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, PALMTower is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, PALMTower has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated PALMTower
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
PALMTower stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, PALMTower is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
PALMTower is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust PALMTower to provide reasonable accomodations and accurate details about its community.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

PALMTower is great for:

Social life

  • 324 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • The area has transit options
  • 75 local event hubs within 1 mile

Eco living

  • Public transit available nearby
  • 79 parks within a mile
  • You can get around by foot in this area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How PALMTower compares to other nearby properties.

Positives

Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Elementary school nearby
There is an elementary school 0.3 mile away
Middle school nearby
There is a middle school 0.3 mile away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this address

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Rent trends in Downtown Phoenix

Studio apartments at PALMTower cost about 35% more than the average rent price for studios in Downtown Phoenix.

1-bedroom apartments here are priced 13% higher than 1-bedrooms in Downtown Phoenix.

If you decide to upgrade your space, you can expect 2-bedrooms at PALMTower to be 17% more than the average for similarly sized apartments in Downtown Phoenix.

3-bedroom apartments at PALMTower cost about 4% less than the average rent price for 3-bedroom apartments in Downtown Phoenix.

Median rents as of May 2 2026.
Downtown Phoenix
Phoenix
A table of studio rental data trends in Phoenix
MonthMedian Rent
May 2024$1,113
June 2024$1,093
July 2024$1,100
August 2024$1,104
September 2024$1,095
October 2024$1,065
November 2024$1,051
December 2024$1,049
January 2025$1,070
February 2025$1,072
March 2025$1,038
April 2025$1,000
May 2025$1,000
June 2025$999
July 2025$995
August 2025$995
September 2025$995
October 2025$986
November 2025$960
December 2025$981
January 2026$988
February 2026$961
March 2026$950
April 2026$963
May 2026$945
A table of studio rental data trends in Downtown Phoenix
MonthMedian Rent
May 2024$1,497
June 2024$1,466
July 2024$1,448
August 2024$1,438
September 2024$1,372
October 2024$1,364
November 2024$1,325
December 2024$1,319
January 2025$1,389
February 2025$1,374
March 2025$1,379
April 2025$1,372
May 2025$1,351
June 2025$1,338
July 2025$1,311
August 2025$1,363
September 2025$1,323
October 2025$1,296
November 2025$1,308
December 2025$1,343
January 2026$1,310
February 2026$1,258
March 2026$1,200
April 2026$1,220
May 2026$1,175

Affordability calculator

Can I afford to live at 440 E Van Buren St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$62,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this studio median monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.

Schools near PALMTower

Faith North Early Childhood Learning Center

910 e washington st

phoenix, AZ, 85034

PK, KPublic
B

Garfield School

811 n 13th st

phoenix, AZ, 85006

PK, K-8Public
C-

Phoenix #1 Iacademy

1817 n 7th st

phoenix, AZ, 85006

K-8Public
C

Augustus H. Shaw Jr. Montessori Elementary School

2301 n 13th st

phoenix, AZ, 85006

PK, K-8Public
B+

Montecito Community School

715 e montecito ave

phoenix, AZ, 85014

PK, K-8Public
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Internet available near PALMTower

Getting around Phoenix near 440 E Van Buren St

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

8/10
Popular public transit options are just a short walk from this location.

Points of interest for 440 E Van Buren St, Phoenix

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

6/10
Variety of cafés within walking distance

Restaurants

8/10
Variety of restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Moderate amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

Explore the area around 440 E Van Buren St

Level One Market
201 E Washington St
Fry's Food
100 E Jefferson St
Quality Food Market
621 N 14th St
Foodway Market
1151 E Moreland St
Safeway
340 E McDowell Rd

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