Apartments in 85040

1 - 23 of 23 Results

31

$1,709

Phoenix - Airport

3421 E Elwood St Phoenix, AZ

Studio | Available Now

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Dog Friendly

Cat Friendly

Short-term

Air Conditioning

Covered Parking

1

3D Tour

$1,909

1420 E Bloch Road Phoenix Az

1420 E Bloch Road Phoenix, AZ

3 BR | Ask for Availability

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Dog Friendly

Cat Friendly

House

Balcony/Deck/Patio

6

$1,575

The Ivy Off Central

222 E Cody Dr Phoenix, AZ

2 BR | Available Now

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Dog Friendly

Cat Friendly

Luxury

Storage

Disability Access

40

$1,295

4467 E Pueblo Ave

Phoenix, AZ

2 BR | Available Now

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Dog Friendly

Cat Friendly

House

Air Conditioning

In Unit Laundry

12

$1,895

Affordable Unit On South Side Coming Soon!

414 E Pecan RD Phoenix, AZ

3 BR | Jun. 1, 2024

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House

Disability Access

4

$1,550

Corona Del Sol

27 E Corona Ave Phoenix, AZ

2 BR | Available Now

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Dog Friendly

Cat Friendly

Covered Parking

Surface Parking

Disability Access

9

$1,199 - 1,400

Apex On Central

40 E Sunland Ave Phoenix, AZ

1 - 2 BR | Available Now

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Dog Friendly

Cat Friendly

Section 8

Storage

Disability Access

12

$650

2111 East Chanute Pass

Phoenix, AZ

1 BR | Jun. 1, 2024

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House

Air Conditioning

Storage

Dishwasher

40

$4,295

2138 East Broadway Road

Phoenix, AZ

5 BR | Available Now

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Dog Friendly

Cat Friendly

House

Dishwasher

0

$949

206-216 E Jones

206-216 E Jones Ave Phoenix, AZ

1 BR | Jun. 1, 2024

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Dog Friendly

Cat Friendly

Storage

Disability Access

21

$1,345

4423 E Riverside St

Phoenix, AZ

3 BR | Available Now

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House

19

$2,300

***move In Special 50% Off (2nd Month)***

1508 E Atlanta Ave Phoenix, AZ

4 BR | Ask for Availability

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House

20

$1,625

4439 East Wood Street, Unit 4439 E Wood St

Phoenix, AZ

2 BR | Available Now

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Dog Friendly

Cat Friendly

Storage

Dishwasher

17

$2,295

**move In Special** $500 Off (2nd Month)

623 E Cody Dr Phoenix, AZ

4 BR | Ask for Availability

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House

38

$2,395

Newly Built 3 Bed 2.5 Bath Home For Rent!

2526 E Broadway Rd Phoenix, AZ

3 BR | Ask for Availability

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House

Air Conditioning

In Unit Laundry

Dishwasher

2

$1,129 - 1,249

Multiple

Phoenix, AZ

2 BR | Available Now

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Dog Friendly

Cat Friendly

House

Storage

Disability Access

21

$2,150

2616 E Wood St

Phoenix, AZ

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

Storage

Dishwasher

10

$2,300

2 Story- 3 Bedroom- Gorgeous Pool!

1115 E Sunland Ave Phoenix, AZ

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

Storage

Dishwasher

17

$895

4211 S 3rd St

Phoenix, AZ

2 BR | Available Now

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$1,850

2508 E Mobile Ln

Phoenix, AZ

3 BR | Available Now

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$2,150

Three Bedroom Condo In Phoenix

2317 E Hidalgo Ave Phoenix, AZ

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

Dishwasher

$2,200

Charming 3 Bed Home With Loft And 2 Car Attached Garage With Community Pool

2245 E Sunland Ave Phoenix, AZ

3 BR | Available Now

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Dog Friendly

Cat Friendly

House

1

$500

4815 S 7th St

Phoenix, AZ

Studio | Available Now

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1 - 23 of 23 Results

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Phoenix
85040

Find an Apartment in 85040

Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 33 units available for rent in this area according to Rentable. The average rent in 85040 is $1,400, with studio units starting at $500.

If you're ready to find your next rental in 85040, check out the available apartments listed on Rentable. With a variety of units to choose from, you're sure to find one that suits your needs perfectly.

Phoenix:
May Rent Report

Welcome to the May 2024 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Phoenix rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Phoenix and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Phoenix average rent prices in the chart below.

Monthly Rent Report

$1,700

$1,280

$850

$430

$0

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Phoenix Rent Prices Increase From April to May

Phoenix rent prices increased over the last month. From April to May, the city experienced a 1.46% increase for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,321.0.

When we take a look at the two-bedroom comparison from April to May, Phoenix experienced a 0.5% increase for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,607.0.

May Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ

Casa Grande, AZ

Gilbert, AZ

Chandler, AZ

Tempe, AZ

Mesa, AZ

Phoenix, AZ

Glendale, AZ

$1,916

$1,814

$1,701

$1,655

$1,519

$1,432

$1,302

$1,277

$0

$650

$1,300

$1,950

$2,600

Median 1 BR Rent

Rent Prices in Phoenix and Surrounding Areas

Rent prices have increased in Phoenix over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 4 of the Phoenix suburbs increased last month. On the other hand, 3 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Scottsdale, AZ, Chandler, AZ, Casa Grande, AZ, Gilbert, AZ .
Rent decreased in Mesa, AZ, Tempe, AZ, Glendale, AZ.
6 suburbs are currently priced higher than the city of Phoenix.
1 suburb is currently priced lower than the city of Phoenix.

May 2024 Pricing Trends: Phoenix vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Phoenix, AZ

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,302

$1,300

$1,283

$1,178

$0

$1,350

$2,700

$4,050

$5,400

Median Rent

Phoenix Rent Prices More Affordable Than Major Cities

Rent growth in Phoenix over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Phoenix average rent prices appear to be relatively affordable for local residents.

The price for a Phoenix one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Phoenix and surrounding area rent prices, take a look at the complete data set below.

Data set for Phoenix and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Phoenix, AZ	$1,302.0	0.00%	$1,599.0	-0.44%
Mesa, AZ	$1,432.0	-0.90%	$1,711.0	-0.35%
Scottsdale, AZ	$1,916.0	3.12%	$2,265.0	2.44%
Tempe, AZ	$1,519.0	-0.20%	$1,819.0	-0.22%
Glendale, AZ	$1,277.0	-0.62%	$1,560.0	-0.89%
Chandler, AZ	$1,655.0	1.53%	$1,836.0	0.16%
Casa Grande, AZ	$1,814.0	7.66%	$2,066.0	1.18%
Gilbert, AZ	$1,701.0	0.18%	$2,043.0	-0.29%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.