The median rent for one- and two-bedroom apartments in Phoenix, Arizona, amounted to about 1,308 U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, hitting a year-on-year growth of 29 percent in October 2021. This trend reversed in November 2022 and in January 2025, the year-on-year decline was 3.3 percent. Among the different states in the U.S., Arizona ranks as one of the mid-priced rental markets in 2023.
Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025
(in U.S. dollars)
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Apartment List. (January 28, 2025). Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. dollars) [Graph]. In Statista. Retrieved February 09, 2025, from https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed
Apartment List. "Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. dollars)." Chart. January 28, 2025. Statista. Accessed February 09, 2025. https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed
Apartment List. (2025). Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. dollars). Statista. Statista Inc.. Accessed: February 09, 2025. https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed
Apartment List. "Monthly Rent for An Apartment and Annual Rental Growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. Dollars)." Statista, Statista Inc., 28 Jan 2025, https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed
Apartment List, Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. dollars) Statista, https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed (last visited February 09, 2025)
Monthly rent for an apartment and annual rental growth in Phoenix, Arizona, from January 2018 to January 2025 (in U.S. dollars) [Graph], Apartment List, January 28, 2025. [Online]. Available: https://www.statista.com/statistics/1363422/apartment-rent-and-rental-growth-phoenix/?__sso_cookie_checker=failed