Bedroom count

Property type

Last updated on March 15, 2026

Average rent in
Downtown Phoenix, Phoenix, AZ

Last updated on March 15, 2026

Last updated on March 15, 2026

Bedroom count

Property type

As of March 2026, the median rent for all bedroom counts and property types in Downtown Phoenix, Phoenix, AZ is $1,987. This is +5%, or $86, higher than the national average.

$2.01

average price per square foot

Median rent

$1,987

increased by5%
over the previous yearvs previous year

Total rentals

72

for rent on Zumper.com

As of March 2026, the median rent for all bedroom counts and property types in Downtown Phoenix, Phoenix, AZ is $1,987. This is +5%, or $86, higher than the national average.

$2.01

average price per square foot

Rent ranges

26%
40%
20%
14%
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250
$2,251-$3,000$2,251 - $3,000
$3,001+$3,001+

Households

87%
13%
Renter-occupied
Owner-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Downtown Phoenix, Phoenix, AZ

Rent price trends

Rent prices for all bedroom counts and property types in Downtown Phoenix, Phoenix, AZ have decreased by 2% in the last month and have increased by 5% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Downtown Phoenix, Phoenix, AZ

The monthly rent for an apartment in Downtown Phoenix, Phoenix, AZ is $1,877. A 1-bedroom apartment in Downtown Phoenix, Phoenix, AZ costs about $1,714 on average, while a 2-bedroom apartment is $2,351. Houses for rent in Downtown Phoenix, Phoenix, AZ are more expensive, with an average monthly cost of $2,425.

Comparables

1 bedroom

$1,723

3%

7%

2 bedroom

$2,367

4%

1%

3 bedroom

$1,599

5%

28%

4 bedroom

$2,450

14%

25%

Studio

$1,277

4%

No Change

Studio

Average rent

$1,277

Last 30 days

4%

Last year

No Change

1 bedroom

Average rent

$1,723

Last 30 days

3%

Last year

7%

2 bedroom

Average rent

$2,367

Last 30 days

4%

Last year

1%

3 bedroom

Average rent

$1,599

Last 30 days

5%

Last year

28%

4 bedroom

Average rent

$2,450

Last 30 days

14%

Last year

25%

The table above reflects average rent prices in Downtown Phoenix, Phoenix, AZ, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Downtown Phoenix, Phoenix, AZ to other neighborhoods

Median rent prices in Downtown Phoenix, Phoenix, AZ for all bedroom counts and property types compared to Central City South, Phoenix, AZ.

Downtown Phoenix

Median rent price$1,987
increased by5%

higher than the national median

Median rent price$1,595
decreased by16%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Phoenix, Phoenix, AZ is 25% higher than the median rent in Central City South, Phoenix, AZ.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Average rent in
Nearby neighborhoods

Explore rent trends in other markets

Central City South

$1,595

increased by2%

Last year

Coronado

$1,600

decreased by33%

Last year

Garfield

$1,450

decreased by18%

Last year

Governmental Mall

$1,146

decreased by9%

Last year

Phoenix Country Club

$1,350

decreased by7%

Last year

Willo

$1,839

decreased by23%

Last year

Apartments for rent in Anthem

Discover rentals in Downtown Phoenix, Phoenix, AZ

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Downtown Phoenix apartment for rent in Phoenix

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829 N 4th Ave #18 - Photo 1 of 1

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Downtown Phoenix apartment for rent in Phoenix

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Downtown Phoenix apartment for rent in Phoenix

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Our team has verified this company

Verified

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536 E Portland St #8 - Photo 1 of 1

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #8, Phoenix, AZ 85004

1 bed

1 bath

$995

Apartment for rent

Available Apr 17