Central Phoenix renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Phoenix, AZ map (which includes Central Phoenix) of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Central Phoenix is about $955 per month. This puts it in the 18th percentile compared to the city average cost of rent, which is $1,482. Households in Central Phoenix have a median income of $2,605 per month so the average renter in Central Phoenix is spending roughly 37% of their earnings on housing.

Nationally, and in Central Phoenix, home values are the data point most closely correlated with the cost of rent. The median price of a home in Central Phoenix is $224,669 right now, which is lower than neighborhoods nearby, meaning that rents in Central Phoenix also tend to be lower versus these nearby neighborhoods.

Higher rent prices are common in the central parts of Central Phoenix while lower rent rates are often available in eastern areas.

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