Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Phoenix area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in 85040

1 - 30 of 32 Results
28
$1,844
Phoenix - Airport
3421 E Elwood St Phoenix, AZ
Studio | Available Now
Contact
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
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
9
$1,099 - 1,400
Apex On Central
40 E Sunland Ave Phoenix, AZ
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
10
$1,600
A577
1625 E Wood St Phoenix, AZ
3 BR | Available Now
Contact
17
$1,495
4630 E Southgate Ave
Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
27
$1,750
23 E Illini St
Phoenix, AZ
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
17
$1,150
4413 E Riverside St
Phoenix, AZ
2 BR | Jan. 3, 2025
Contact
22
$1,475
4455 E Pueblo Ave
Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
House
Balcony/Deck/Patio
Dishwasher
22
$1,450
23 E Illini St
Phoenix, AZ
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
1
$2,545
Stunning 4 Bedroom Phoenix Home
5316 S 23Rd Way Phoenix, AZ
4 BR | Available Now
Contact
Dog Friendly
House
Balcony/Deck/Patio
Storage
Dishwasher
1
$2,000
16th Street And Southern - 3 Bed + 2 Bath + 2 Car Garage + 1,280 Sf
1514 E Sunland Ave Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,150 - 1,200
Multiple
Phoenix, AZ
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
1
$2,199
Great Phoenix House
2237 E Pecan Rd Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
18
$1,145
4529 E Riverside St
Phoenix, AZ
3 BR | Available Now
Contact
House
38
$1,799
House At 48th/broadway! Join The Waitlist!
4624 E Southgate Ave Phoenix, AZ
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
8
$899
5615 S 5Th St
Phoenix, AZ
1 BR | Available Now
Contact
25
$1,750
5618 S 21St Ter
Phoenix, AZ
3 BR | Available Now
Contact
Air Conditioning
1
$1,900
Great 3 Bedroom Townhome - New Carpet!
2334 E Huntington Dr Phoenix, AZ
3 BR | Jan. 3, 2025
Contact
Dog Friendly
House
1
$2,095
Lovely Corner Lot Home Coming Soon!!!
1705 E Alicia Dr Phoenix, AZ
3 BR | Available Now
Contact
House
Dishwasher
1
$1,195
2439 E Mobile Ln
Phoenix, AZ
2 BR | Ask for Availability
Contact
1
$2,000
3 Bedroom Condo In Phoenix
2317 E Hidalgo Ave Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
Pool
1
$1,750
2508 E Mobile Ln
Phoenix, AZ
3 BR | Available Now
Contact
$1,037 - 1,600
Tanner Manor Apartments
2150 E Broadway Rd Phoenix, AZ
1 - 2 BR | Available Now
Contact
21
$2,150
2616 E Wood St
Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
17
$895
4211 S 3rd St
Phoenix, AZ
2 BR | Available Now
Contact
15
$2,000
4 Bedroom Home In East Phoenix
5728 S 35th Pl Phoenix, AZ
4 BR | Available Now
Contact
House
Disability Access
0
$899
206-216 E Jones
206-216 E Jones Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$500
4815 S 7th St
Phoenix, AZ
Studio | Available Now
Contact
0
$2,195
3 Bedroom In Phoenix
1007 E Ln Phoenix, AZ
3 BR | Available Now
Contact
House
0
$1,950
4 Bedroom
1426 E Romley Rd Phoenix, AZ
4 BR | Available Now
Contact
House
1 - 30 of 32 Results
  1. Home
  2. Phoenix
  3. 85040

How much does it cost to rent an apartment in 85040?

85040 apartments
Bed Type Average Rent Range
Studio $1,170 $500 - $1,840
1BR $1,150 $900 - $1,430
2BR $1,350 $970 - $1,670
3BR $1,900 $1,160 - $2,200
4+BR $2,000 $1,950 - $2,550
Frequently Asked Questions

How many apartments are available in 85040 on Rentable.co?

Rentable.co has 32 apartments available for rent in 85040.

What is the average rent for an apartment in 85040?

The average rent for an apartment in 85040 is around $1,380 per month.

What is the average rent for a two-bedroom apartment in 85040?

The average rent for a two-bedroom apartment in 85040 is around $1,350 per month.

What is the average rent for a one-bedroom apartment in 85040?

The average rent for a one-bedroom apartment in 85040 is around $1,145 per month.

What is the average rent for a studio apartment in 85040?

The average rent for a studio apartment in 85040 is around $1,172 per month.

Find an Apartment in 85040
Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 52 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:
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.

Browse Phoenix Apartments
Phoenix Apartments by Neighborhood
Phoenix Apartments by Bedrooms
Phoenix Apartments by Affordability
Phoenix Apartments with Amenities
Phoenix Apartments by Type
Colleges Near Phoenix
Phoenix Apartments by Zip Code