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 3% over the last month and have decreased by 5% 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 $1,961, whereas a house costs $1,850. 1-bedroom apartments in Downtown Phoenix run $1,862 on average, while 2-bedroom apartments are $2,700.


Studio	$1,299	24%	9%
1 bedroom	$1,825	No Change	11%
2 bedroom	$2,674	5%	1%
3 bedroom	$4,150	7%	8%
4 bedroom	$1,750	No Change	17%

		Listings
Central City South	$1,599
Coronado	$1,300
Garfield	$1,375
Governmental Mall	$1,195
Phoenix Country Club	$1,390
Willo	$1,850


Apartments	$1,961	3%	No Change
Condos	$1,722	12%	No Change
Houses	$1,850	34%	No Change
Rooms	$1,380	29%	-

Studio

Average rent

$1,299

Last 30 days

24%

Last year

1 bedroom

Average rent

$1,825

Last 30 days

No Change

Last year

11%

2 bedroom

Average rent

$2,674

Last 30 days

Last year

3 bedroom

Average rent

$4,150

Last 30 days

Last year

4 bedroom

Average rent

$1,750

Last year

17%

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

higher than the national median

Median rent price$1,599

16%

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.

Average rent in nearby neighborhoods

Explore rent trends in neighboring markets

$1,599

$1,300

$1,375

$1,195

$1,390

$1,850

Discover rentals in Downtown Phoenix, Phoenix, AZ

5d+ ago

Downtown Phoenix house for rent in Phoenix

Comm/Industry Lease, Phoenix, AZ

112 N Central Ave #M08, Phoenix, AZ 85004

Studio

0 baths

$399

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #13, Phoenix, AZ 85004

Studio

1 bath

$795

Highly rated

1d ago

9.4

Excellent

Space on 6th

601 N 6th Ave, Phoenix, AZ 85003

Studio–1 bed

1 bath

$800–$1,200

3d ago

9.4

Excellent

5th Ave & Fillmore

602 N 5th Ave, Phoenix, AZ 85003

Studio–1 bed

1 bath

$875–$1,150

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #30, Phoenix, AZ 85004

Studio

1 bath

$895

5d+ ago

Downtown Phoenix apartment for rent in Phoenix

536 E Portland St #6, Phoenix, AZ 85004

1 bed

1 bath

$995

Rent special

4h ago

9.7

Excellent

Verified

Laird

317 W Mcdowell Rd, Phoenix, AZ 85003

Studio–1 bed

1 bath

$1,149

Call

Highly rated

5d+ ago

7.2

Very good

The Deme on Fillmore

617 N 3rd Ave, Phoenix, AZ 85003

1 bed

1 bath

$999–$1,039

Stay up to date with rental market insights

National Rent Report

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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 $2,000 per month as of September 12, 2026.

Is rent up or down in Downtown Phoenix?

Average rent prices in Downtown Phoenix have decreased by 3% over the last month and have decreased by 5% since last year.

How does Downtown Phoenix rent compare to the national average?

Rent in Downtown Phoenix is 5% above the national average, which means renters are paying approximately $100 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).