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.
Rental Price Key
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.
Nearby Neighborhoods
- Encanto, Phoenix, AZ: more expensive rent prices
- South Mountain, Phoenix, AZ: more expensive rent prices
- Camelback East, Phoenix, AZ: more expensive rent prices
- Alahambra, Phoenix, AZ: more expensive rent prices
- Sunset, Tempe, AZ: more expensive rent prices
- Estrella, Phoenix, AZ: more expensive rent prices
- Riverside, Tempe, AZ: more expensive rent prices
- Downtown Tempe, Tempe, AZ: more expensive rent prices
- Ntna-College, Tempe, AZ: more expensive rent prices
- University Park, Tempe, AZ: more expensive rent prices
Neighborhoods with Similar Populations
- Mission, San Francisco, CA: more expensive rent prices
- The Heights, Jersey City, NJ: more expensive rent prices
- Little Havana, Miami, FL: more expensive rent prices
- Morris Heights, Bronx, NY: more expensive rent prices
- Eagle Rock, Los Angeles, CA: more expensive rent prices
- Uptown, Chicago, IL: more expensive rent prices
- Santa Teresa, San Jose, CA: more expensive rent prices
- Anaheim Hills, Anaheim, CA: more expensive rent prices
- West, Fresno, CA: more expensive rent prices
- Catholic University-Brookland, Washington, DC: more expensive rent prices
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