Apartments in 85040

1 - 30 of 30 Results
28
Phoenix - Airport Apartment for rent in Phoenix, AZ
Phoenix - Airport Apartment for rent in Phoenix, AZ
$1,559
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
1420 E Bloch Road Phoenix Az Apartment for rent in Phoenix, AZ
$1,909
1420 E Bloch Road Phoenix, AZ
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
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9
Apex On Central Apartment for rent in Phoenix, AZ
$1,049 - 1,400
40 E Sunland Ave Phoenix, AZ
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
19
4031 S 44th Way Unit 0 Apartment for rent in Phoenix, AZ
$1,450
Phoenix, AZ
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
206-216 E Jones Apartment for rent in Phoenix, AZ
$949
206-216 E Jones Ave Phoenix, AZ
1 BR | Mar. 3, 2025
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Dog Friendly
Cat Friendly
Storage
Disability Access
23
4455 E Pueblo Ave Apartment for rent in Phoenix, AZ
$1,475
Phoenix, AZ
3 BR | Available Now
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Dog Friendly
House
Balcony/Deck/Patio
Dishwasher
21
2216 E Hidalgo Ave Apartment for rent in Phoenix, AZ
$2,195
Phoenix, AZ
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
Dishwasher
13
4224 S 24Th St Apartment for rent in Phoenix, AZ
$1,155
Phoenix, AZ
2 BR | Available Now
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22
23 E Illini St Apartment for rent in Phoenix, AZ
$1,450
Phoenix, AZ
1 BR | Available Now
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Air Conditioning
Dishwasher
27
23 E Illini St Apartment for rent in Phoenix, AZ
$1,750
Phoenix, AZ
2 BR | Available Now
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Air Conditioning
Dishwasher
27
E Mobile Ln Apartment for rent in Phoenix, AZ
$1,127
Phoenix, AZ
1 BR | Ask for Availability
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1
Great Location To Downtown Phoenix, 4 Bedroom Home! Apartment for rent in Phoenix, AZ
$1,950
1515 E Bloch RD Phoenix, AZ
4 BR | Available Now
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1
Multiple Apartment for rent in Phoenix, AZ
$1,175 - 1,225
Phoenix, AZ
2 - 3 BR | Available Now
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Dog Friendly
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1
Stunning 4 Bedroom Phoenix Home Apartment for rent in Phoenix, AZ
$2,445
5316 S 23Rd Way Phoenix, AZ
4 BR | Available Now
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Dog Friendly
House
Balcony/Deck/Patio
Storage
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18
4529 E Riverside St Apartment for rent in Phoenix, AZ
$1,145
Phoenix, AZ
3 BR | Available Now
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House
10
2 Bedrooms With Garage At Copper Leaf! Apartment for rent in Phoenix, AZ
$1,695
2330 E Huntington Dr Phoenix, AZ
2 BR | Ask for Availability
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House
38
3Bed House At 48th/broadway! $199 Move-in Special! Ready For Immediate Move-in! Apartment for rent in Phoenix, AZ
$1,299
4624 E Southgate Ave Phoenix, AZ
3 BR | Ask for Availability
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House
Air Conditioning
In Unit Laundry
Dishwasher
8
5615 S 5Th St Apartment for rent in Phoenix, AZ
$899
Phoenix, AZ
1 BR | Available Now
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1
Lovely Corner Lot Home On South Mountain!!! Apartment for rent in Phoenix, AZ
$2,095
1705 E Alicia Dr Phoenix, AZ
3 BR | Available Now
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House
Dishwasher
1
2439 E Mobile Ln Apartment for rent in Phoenix, AZ
$995
Phoenix, AZ
2 BR | Ask for Availability
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1
2508 E Mobile Ln Apartment for rent in Phoenix, AZ
$1,650
Phoenix, AZ
3 BR | Available Now
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21
$2,150
Phoenix, AZ
3 BR | Available Now
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Dog Friendly
Cat Friendly
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Storage
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15
$2,000
5728 S 35th Pl Phoenix, AZ
4 BR | Available Now
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Disability Access
$868 - 1,600
2150 E Broadway Rd Phoenix, AZ
1 - 2 BR | Available Now
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17
$895
Phoenix, AZ
2 BR | Available Now
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1
$500
Phoenix, AZ
Studio | Available Now
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0
$1,950
1426 E Romley Rd Phoenix, AZ
4 BR | Available Now
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House
0
$2,195
1007 E Ln Phoenix, AZ
3 BR | Available Now
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0
$1,895
1212 E Graham Trl Phoenix, AZ
3 BR | Available Now
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0
$1,595
4062 E Sunland Ave Phoenix, AZ
2 BR | Available Now
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1 - 30 of 30 Results
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  3. 85040

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

85040 apartments
Bed Type Average Rent Range
Studio $1,030 $500 - $1,560
1BR $1,170 $870 - $1,370
2BR $1,270 $1,000 - $1,690
3BR $1,900 $1,150 - $2,200
4+BR $1,980 $1,950 - $2,450
Find an Apartment in 85040
Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 70 units available for rent in this area according to Rentable. The average rent in 85040 is $1,270, 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:
February Rent Report

Welcome to the February 2025 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2025 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
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
1 BR       2 BR

Phoenix Rent Prices Decrease From January to February

Phoenix rent prices decreased over the last month. From January to February, the city experienced a -1.08% decrease for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,283.0.

When we take a look at the two-bedroom comparison from January to February, Phoenix experienced a -0.32% decrease for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,551.0.

February Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ
Gilbert, AZ
Chandler, AZ
Tempe, AZ
Peoria, AZ
Mesa, AZ
Glendale, AZ
Phoenix, AZ
$1,905
$1,656
$1,606
$1,587
$1,516
$1,409
$1,341
$1,297
$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 Tempe, AZ, Glendale, AZ .

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

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

February 2025 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
$4,052
$3,132
$2,386
$2,333
$1,902
$1,297
$1,262
$1,246
$1,207
$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 February 1 BR M/M % Change 2 BR February 2 BR M/M % Change
Phoenix, AZ $1,297.0 -2.85% $1,556.0 -1.58%
Mesa, AZ $1,409.0 -1.54% $1,703.0 -0.41%
Tempe, AZ $1,587.0 1.99% $1,803.0 -0.11%
Scottsdale, AZ $1,905.0 0.00% $2,158.0 -1.01%
Chandler, AZ $1,606.0 -1.41% $1,857.0 1.59%
Glendale, AZ $1,341.0 2.37% $1,580.0 -1.00%
Peoria, AZ $1,516.0 -0.46% $1,796.0 -1.10%
Gilbert, AZ $1,656.0 -0.06% $1,990.0 -1.44%

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.