Apartments in Desert Ridge Phoenix

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23
$1,519 - 2,594
21150 North Tatum Boulevard Phoenix, AZ
1 - 3 BR | Available Now
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30
$3,950
3768 E Covey Ln Phoenix, AZ
4 BR | Ask for Availability
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$3,200
20915 N 39th Pl Phoenix, AZ
4 BR | Available Now
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$2,700
20721 N 38th St Phoenix, AZ
3 BR | Available Now
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$3,695
4031 E Casitas Del Rio Dr Phoenix, AZ
5 BR | Ask for Availability
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40
$2,695
Phoenix, AZ
3 BR | Available Now
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Air Conditioning
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28
$2,595
4383 E Selena Dr Phoenix, AZ
3 BR | Ask for Availability
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1
$3,695
3611 E Kristal Way Phoenix, AZ
4 BR | Available Now
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7
$800
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Phoenix, AZ
2 BR | Available Now
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Phoenix:
December Rent Report

Welcome to the December 2024 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Phoenix Rent Prices Decrease From November to December

Phoenix rent prices decreased over the last month. From November to December, the city experienced a -0.89% decrease for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,335.0.

When we take a look at the two-bedroom comparison from November to December, Phoenix experienced a -0.94% decrease for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,581.0.

December Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ
Gilbert, AZ
Chandler, AZ
Peoria, AZ
Tempe, AZ
Mesa, AZ
Phoenix, AZ
Glendale, AZ
$1,911
$1,650
$1,641
$1,534
$1,492
$1,448
$1,347
$1,307
$0
$650
$1,300
$1,950
$2,600
Median 1 BR Rent

Rent Prices in Phoenix and Surrounding Areas

Rent prices have decreased 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 2 of the Phoenix suburbs increased last month. On the other hand, 5 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Scottsdale, AZ, Glendale, AZ .

  • Rent decreased in Mesa, AZ, Tempe, AZ, Chandler, AZ, Gilbert, AZ, Peoria, AZ.

  • 6 suburbs are currently priced higher than the city of Phoenix.

  • 1 suburb is currently priced lower than the city of Phoenix.

December 2024 Pricing Trends: Phoenix vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Phoenix, AZ
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,347
$1,318
$1,255
$1,234
$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 declining. 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 December 1 BR M/M % Change 2 BR December 2 BR M/M % Change
Phoenix, AZ $1,347.0 -0.30% $1,596.0 -0.62%
Mesa, AZ $1,448.0 -0.75% $1,717.0 -1.49%
Scottsdale, AZ $1,911.0 0.32% $2,204.0 -1.56%
Tempe, AZ $1,492.0 -0.53% $1,798.0 -1.48%
Chandler, AZ $1,641.0 -0.12% $1,819.0 -0.06%
Glendale, AZ $1,307.0 0.08% $1,612.0 -0.74%
Gilbert, AZ $1,650.0 -0.30% $2,027.0 -1.65%
Peoria, AZ $1,534.0 -0.26% $1,817.0 0.17%

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.