Rental prices have decreased slightly for studio and 1 beroom units over the last 3 months, while 2 bedrooms remain flat, and 3 bedrooms have decreased more significantly. Rental prices were up seasonally in Spring 2024, dipped slightly in the slower, hot summer months when fewer people move to Phoenix, and should remain strong or rise slightly as we head into fall and winter with higher population growth, more competition, and renters willing to pay higher prices. The median apartment rent in Phoenix is $1,594, which is 6% higher than the national median and a slight $32 lower than last year at this time.

Chandler

Rent prices dropped for all unit sizes in Chandler over the past 3-6 months, with larger decreses in studio and 2 bedroom units. Significant tech layoffs and summer seasonality has contributed to higher apartment vacancy, more move-in concessions, and lower rental prices. Chandler has a median apartment rent of $1,599 which is 7% higher than the national median and approximately 2% lower than last year at this time.

Apartment Options

Downtown Phoenix

Bask Deer Valley

• Studio/1ba
• Sq Ft: 579
• Rent: $1,465

Town Deer Valley

• 1bed/1ba
• Sq Ft: 815
• Rent: $1,677

San Norterra

• 2bed/2ba
• Sq Ft: 1,117
• Rent: $1,695

Aerie Happy Valley

• 3bed/3ba
• Sq Ft: 1,391
• Rent: $2,246

Chandler

Olympus Chandler at the Park

• Studio/1ba
• Sq Ft: 488
• Rent: $1,561

Riata

• 1br/1ba
• Sq Ft: 833
• Rent: $1,695

Arista at Ocotillo

• 2br/2ba
• Sq Ft: 1,024
• Rent: $2,149

Camden Chandler

• 3br/3ba
• Sq Ft: 1,483
• Rent: $2,449