Rent Prices in Phoenix, AZ
Fair market rent data for Phoenix, AZ based on 2026 HUD FMR data. The average 2-bedroom rent is $1,839/mo.
2026 Fair Market Rent
Phoenix, AZ Metro Area
Studio$1,457/mo
1 Bedroom$1,583/mo
2 Bedroom$1,839/mo
3 Bedroom$2,452/mo
4+ Bedroom$2,720/mo
About Rent Prices in Phoenix, AZ
The fair market rent (FMR) in Phoenix, AZ represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers.
As of 2026, the median rent for a 2-bedroom apartment in Phoenix, AZ is $1,839 per month. Rent prices vary significantly based on neighborhood, building amenities, and proximity to downtown areas.
Rent by Apartment Size
- Studio: $1,457/month
- 1 Bedroom: $1,583/month
- 2 Bedroom: $1,839/month
- 3 Bedroom: $2,452/month
- 4+ Bedroom: $2,720/month
What Affects Rent Prices?
- Location within the metro area
- Building age and amenities
- Proximity to public transit
- Local job market conditions
- School district quality