Last updated on June 14, 2026

Average rent in
Downtown Phoenix, Phoenix, AZ

Median rent

Median rent in Downtown Phoenix

$2,000/mo

increased by6%

vs previous year

The average rent in Downtown Phoenix is $2,000 per month as of June 2026. This is 3% above the national average rent, or $50 more per month.

$2.07

average price per square foot

Total rentals

Available rentals in Downtown Phoenix

71

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Downtown Phoenix rentals at each price point

35%26%18%9%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Downtown Phoenix, Phoenix, AZ

Average rent prices in Downtown Phoenix have increased by 7% over the last month and have increased by 6% since last year.

Rent trends

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

Compare rent prices in Downtown Phoenix, Phoenix, AZ

Rent prices in Downtown Phoenix vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Downtown Phoenix is $1,901, whereas a house costs $2,500. 1-bedroom apartments in Downtown Phoenix run $1,693 on average, while 2-bedroom apartments are $2,633.

Listings

Studio

$1,260

18%

32%

1 bedroom

$1,693

2%

8%

2 bedroom

$2,550

2%

4%

3 bedroom

$2,200

3%

23%

4 bedroom

$2,047

38%

8%

Studio

Average rent

$1,260

Last 30 days

18%

Last year

32%

1 bedroom

Average rent

$1,693

Last 30 days

2%

Last year

8%

2 bedroom

Average rent

$2,550

Last 30 days

2%

Last year

4%

3 bedroom

Average rent

$2,200

Last 30 days

3%

Last year

23%

4 bedroom

Average rent

$2,047

Last 30 days

38%

Last year

8%

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.

How does rent in Downtown Phoenix, Phoenix, AZ compare to other neighborhoods?

Compare median rent prices in Downtown Phoenix and Central City South by all bedroom counts and property types.

Downtown Phoenix

Median rent price$2,000
increased by3%

higher than the national median

Median rent price$1,647
decreased by16%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Phoenix, Phoenix, AZ is 21% higher than the median rent in Central City South, Phoenix, AZ.

Discover rentals in Downtown Phoenix, Phoenix, AZ

112 N Central Ave #M08 - Photo 1 of 1

5d+ ago

Downtown Phoenix house for rent in Phoenix

SINGLE_FAMILY - Phoenix, AZ

112 N Central Ave #M08, Phoenix, AZ 85004

Studio

0 baths

$399

House for rent

829 N 4th Ave #20 - Photo 1 of 1

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

829 N 4th Ave #20, Phoenix, AZ 85003

Studio

1 bath

$687

Apartment for rent

Available Apr 6

829 N 4th Ave #17 - Photo 1 of 1

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

Apartment for rent

Available Apr 6

829 N 4th Ave #12 - Photo 1 of 1

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

829 N 4th Ave #12, Phoenix, AZ 85003

Studio

1 bath

$710

Apartment for rent

Available Apr 6

Stay up to date with rental market insights

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

Frequently asked questions for Downtown Phoenix, Phoenix, AZ

Quick answers to common questions about the Downtown Phoenix rental market.

How much is rent in Downtown Phoenix?

The average rent in Downtown Phoenix is $2,000 per month as of June 13, 2026.

Is rent up or down in Downtown Phoenix?

Average rent prices in Downtown Phoenix have increased by 7% over the last month and have increased by 6% since last year.

How does Downtown Phoenix rent compare to the national average?

Rent in Downtown Phoenix is 3% above the national average, which means renters are paying approximately $50 more per month.

What salary do I need to afford rent in Downtown Phoenix?

To comfortably afford rent in Downtown Phoenix, you'd need to earn approximately $80,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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