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Apartments in 85040

1 - 22 of 22 Results
31
$1,709
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
6
$1,575
The Ivy Off Central
222 E Cody Dr Phoenix, AZ
2 BR | Aug. 10, 2024
Contact
Dog Friendly
Cat Friendly
Luxury
Storage
Disability Access
4
$1,550
Corona Del Sol
27 E Corona Ave Phoenix, AZ
2 BR | Available Now
Contact
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
Contact
Dog Friendly
Cat Friendly
Section 8
Storage
Disability Access
12
$1,895
Affordable Unit On South Side Coming Soon!
414 E Pecan RD Phoenix, AZ
3 BR | Available Now
Contact
House
Disability Access
21
$1,345
4423 E Riverside St
Phoenix, AZ
3 BR | Available Now
Contact
House
0
$949
206-216 E Jones
206-216 E Jones Ave Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
40
$4,295
2138 East Broadway Road
Phoenix, AZ
5 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
17
$2,295
**move In Special** $500 Off (2nd Month)
623 E Cody Dr Phoenix, AZ
4 BR | Ask for Availability
Contact
House
19
$2,300
***move In Special 50% Off (2nd Month)***
1508 E Atlanta Ave Phoenix, AZ
4 BR | Ask for Availability
Contact
House
2
$1,100 - 1,249
Multiple
Phoenix, AZ
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Disability Access
10
$2,300
2 Story- 3 Bedroom- Gorgeous Pool!
1115 E Sunland Ave Phoenix, AZ
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Storage
Dishwasher
$650 - 1,221
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
$1,295
Cotton Center 116
4649 E Wood St Phoenix, AZ
2 BR | Available Now
Contact
17
$895
4211 S 3rd St
Phoenix, AZ
2 BR | Available Now
Contact
$1,695
Cute One Bedroom Townhome!
2256 E Huntington Dr Phoenix, AZ
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
$1,850
2508 E Mobile Ln
Phoenix, AZ
3 BR | Available Now
Contact
$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
Contact
Dog Friendly
Cat Friendly
House
1
$500
4815 S 7th St
Phoenix, AZ
Studio | Available Now
Contact
$2,150
Three Bedroom Condo In Phoenix
2317 E Hidalgo Ave Phoenix, AZ
3 BR | Jun. 30, 2024
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1 - 22 of 22 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 $1,100 $500 - $1,710
1BR $1,120 $650 - $1,700
2BR $1,350 $970 - $1,590
3BR $2,030 $1,350 - $2,300
Frequently Asked Questions

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

Rentable.co has 22 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 $1,350 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 $1,123 per month.

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

The average rent for a studio apartment in 85040 is around $1,104 per month.

Find an Apartment in 85040
Looking for apartments for rent in 85040 Phoenix, AZ? Look no further! Right now, there are 43 units available for rent in this area according to Rentable. The average rent in 85040 is $1,350, 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:
June Rent Report

Welcome to the June 2024 Phoenix Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
1 BR       2 BR

Phoenix Rent Prices Increase From May to June

Phoenix rent prices increased over the last month. From May to June, the city experienced a 1.36% increase for the price of a one-bedroom apartment. The rent price for a Phoenix one-bedroom apartments currently stands at $1,339.0.

When we take a look at the two-bedroom comparison from May to June, Phoenix experienced a 0.81% increase for the price of a two-bedroom apartment. The rent price for a Phoenix two-bedroom apartments currently stands at $1,620.0.

June Prices: Phoenix vs. Surrounding Areas

Scottsdale, AZ
Gilbert, AZ
Casa Grande, AZ
Chandler, AZ
Tempe, AZ
Mesa, AZ
Phoenix, AZ
Glendale, AZ
$1,940
$1,713
$1,691
$1,651
$1,517
$1,435
$1,321
$1,274
$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 3 of the Phoenix suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Mesa, AZ, Scottsdale, AZ, Gilbert, AZ .

  • Rent decreased in Tempe, AZ, Glendale, AZ, Chandler, AZ, Casa Grande, AZ.

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

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

June 2024 Pricing Trends: Phoenix vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Phoenix, AZ
Minneapolis, MN
Pittsburgh, PA
$4,132
$3,030
$2,390
$2,331
$1,905
$1,353
$1,321
$1,259
$1,203
$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 June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Phoenix, AZ $1,321.0 1.46% $1,607.0 0.50%
Mesa, AZ $1,435.0 0.21% $1,717.0 0.35%
Scottsdale, AZ $1,940.0 1.25% $2,284.0 0.84%
Tempe, AZ $1,517.0 -0.13% $1,818.0 -0.06%
Glendale, AZ $1,274.0 -0.24% $1,565.0 0.32%
Chandler, AZ $1,651.0 -0.24% $1,838.0 0.11%
Casa Grande, AZ $1,691.0 -6.78% $1,864.0 -9.78%
Gilbert, AZ $1,713.0 0.71% $2,038.0 -0.25%

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.

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