Property prices for rent in Phoenix (Arizona)

The rent prices in real estate in Phoenix, in the Arizona region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.

$1,108.4
Average price last 6 months
$33.16
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Phoenix has fallen during the last 6 months. In September, the average price per sq.feet was $30.54. In the following month the price per sq.feet fell considerably to . The price for the following two months in (November, December) had a considerable rise of 294 %. The price per sq.feet has had a considerable fall of 76 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $30.05 to $22.82 during January, and February.

Average price

When referring to the price in Phoenix (cities), this has fallen considerably in the last 6 months. The average price for September is $1,066. During October the price had a considerable fall till . During the following two months (November, December) the average price had a considerable rise of 207 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 139 % during the last two months.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,178 they are 14 % more affordable than the average price for Phoenix . The properties with the highest average price have 4 bedrooms, Their price is 41 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,431.

With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $0.92 / sq.feet, with an average $1.3 / sq.feet price in Phoenix. The properties with the most expensive average prices have 1 bedroom. They are 13 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.18 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Duplex" as the most affordable one. At an cost of $1,178 it is 11 % more affordable than the average price in Phoenix. "Condo" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Apartment". At a price of $1,524 it is 46 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $1.07 / sq.feet followed by "Apartment" priced at $1.1 / sq.feet. "Office" is the most expensive type of property with a $13.04 / sq.feet value followed by "Townhouse" with an average price of $10.28 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Phoenix
Number of properties used in region Arizona
$1,178
$1.3
150,462
519,094
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
$1115 Two Bedroom In Phoenix Phoenix
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$1115 Two Bedroom In Phoenix Phoenix
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Peak 16 1 Bedroom Apartment For Rent At 5151 N 16th St, Phoenix, Az 85016
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