Rental prices for studio, one-bedroom, and two-bedroom units have experienced a slight increase over the past three months. This is due to Fall and Winter being favorable months to move in Phoenix's warmer climate. In contrast, there has been a notable rise in the construction of multi-family units, coupled with a high supply of three-bedroom units available for lease, leading to a more significant decrease in rental prices for those larger units. Currently, the median rent for apartments in Phoenix is $1,425, reflecting no change compared to the previous year and being 19% lower than the national average.

Chandler

Rent prices for all unit sizes in Chandler have decreased over the past 3 months with more significant reductions observed in 2 and 3-bedroom units. Hiring freezes in the tech industry and a rise in housing supply has led to increased apartment vacancies, more move-in incentives, and lower rental prices. The median rent for apartments in Chandler, AZ, is $1,770.This figure remains consistent with the previous year's pricing and is 1% higher than the national average.

Apartment Options

Below are some recent listing examples.

Downtown Phoenix

Bask Deer Valley

• Studio/1ba
• Sq Ft: 579
• Rent: $1,433

Town Deer Valley

• 1bed/1ba
• Sq Ft: 815
• Rent: $1,777

San Norterra

• 2bed/2ba
• Sq Ft: 1,095
• Rent: $1,798

Aerie Happy Valley

• 3bed/3ba
• Sq Ft: 1,391
• Rent: $2,166

Chandler

Olympus Chandler at the Park

• Studio/1ba
• Sq Ft: 488
• Rent: $1,757

Riata

• 1br/1ba
• Sq Ft: 827
• Rent: $1,695

Arista at Ocotillo

• 2br/2ba
• Sq Ft: 1,024
• Rent: $2,049

Camden Chandler

• 3br/3ba
• Sq Ft: 1,481
• Rent: $2,459

(Data sourced from Apartments.com)

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