The average apartment rent in Phoenix, AZ: November 2022

Phoenix is the largest city in Arizona with a population of approximately 1.6 million. Today it is the fifth most populous city in the United States. Despite the fact that it is the largest metropolis in the United States, Phoenix is not even included in the TOP 30 most expensive cities in the United States in terms of the cost of living. In this article, we look at the average rental prices for one and two-bedroom apartments in Phoenix, AZ as of November 2022.

The average rental price for a one-bedroom apartment in Phoenix is $1,380 per month. One-bedroom apartment rentals are up 15.00% year-on-year (November 2021 to November 2022). The average rental price for a two-bedroom apartment is $1,700 per month as of November 2022 (+11.80% year-on-year).

The cheapest neighborhoods in Phoenix include Foothills Golf Club ($1,000/month for one-bedroom apartments), Lake Biltmore Village ($1,050/month) and Citrus Acres ($1,200/month)

The most expensive Phoenix neighborhoods include Kierland ($3,110/month), Downtown Phoenix ($2,030/month) and Desert Ridge ($1,810/month).