Average Rent in Downtown Phoenix, Phoenix, AZ and Rent Price Trends

Rent trends in Downtown Phoenix, Phoenix, AZ

Average rent prices in Downtown Phoenix have decreased by 1% over the last month and have increased by 3% 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 $1,955, whereas a house costs $2,550. 1-bedroom apartments in Downtown Phoenix run $1,736 on average, while 2-bedroom apartments are $2,550.


Studio	$1,299	No Change	35%
1 bedroom	$1,729	No Change	3%
2 bedroom	$2,529	3%	3%
3 bedroom	$2,795	5%	22%
4 bedroom	$2,100	40%	9%

		Listings
Central City South	$1,547
Coronado	$1,395
Garfield	$1,375
Governmental Mall	$1,195
Phoenix Country Club	$1,450
Willo	$1,887


Apartments	$1,955	1%	No Change
Condos	$1,800	18%	No Change
Houses	$2,550	5%	No Change
Rooms	$1,984	No Change	-

Studio

Average rent

$1,299

Last 30 days

No Change

Last year

35%

1 bedroom

Average rent

$1,729

Last 30 days

No Change

Last year

2 bedroom

Average rent

$2,529

Last 30 days

Last year

3 bedroom

Average rent

$2,795

Last 30 days

Last year

22%

4 bedroom

Average rent

$2,100

Last 30 days

40%

Last year

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$1,987

higher than the national median

Median rent price$1,547

20%

lower than the national median

Takeaway

The median rent for all rentals in Downtown Phoenix, Phoenix, AZ is 28% higher than the median rent in Central City South, Phoenix, AZ.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,547

$1,395

$1,375

$1,195

$1,450

$1,887

Discover rentals in Downtown Phoenix, Phoenix, AZ

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

9h ago

8.8

Very good

Space on 6th

601 N 6th Ave, Phoenix, AZ 85003

Studio–1 bed

1 bath

$800–$1,200

Apartment for rent

16h ago

9.4

Excellent

5th Ave & Fillmore

602 N 5th Ave, Phoenix, AZ 85003

Studio–1 bed

1 bath

$875–$1,575

Apartment for rent

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #30, Phoenix, AZ 85004

Studio

1 bath

$895

Apartment for rent

Available Jun 25

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #13, Phoenix, AZ 85004

Studio

1 bath

$895

Apartment for rent

Available Jul 24

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #25, Phoenix, AZ 85004

Studio

1 bath

$895

Apartment for rent

Available Jun 12

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

Studio

1 bath

$1,075

$899

Price drop

Apartment for rent

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

829 N 4th Ave #6, Phoenix, AZ 85003

1 bed

1 bath

$1,094

$999

Price drop

Apartment for rent

Available May 10

Stay up to date with rental market insights

National Rent Report

Canadian Rent Report

Annual Rent Report

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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 $1,987 per month as of July 25, 2026.

Is rent up or down in Downtown Phoenix?

Average rent prices in Downtown Phoenix have decreased by 1% over the last month and have increased by 3% 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 $57 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 $79,000/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).