Average Rent Prices in Arizona (AZ)
$1,0501
Studio
$1,1581
1BR
$1,4321
2BR
$1,9351
3BR
$2,2581
4BR
As of 2024, the overall average fair market rent for a residential rental property in Arizona is $1,567. Comparatively, this figure is above the national average rent of $1,274, in which Arizona ranks as the 17th highest rent among all 51 states and as the 33rd lowest rent among all 51 states, within the United States. In Arizona’s larger metropolitan areas such as Phoenix, AZ, the average rent prices tend to be higher, while in less dense areas such as Tucson, AZ, more affordable options can be found.
Arizona (AZ) National Rent Rankings
17th
Highest Rent Among 50 States
33rd
Lowest Rent Among 50 States
Above
The National Rent Average
Average Rent Prices in Arizona (AZ) Visual Chart
Studio
A one-room unit with a private bathroom.
1BR
A unit that has a separate bathroom and a separate bedroom.
2BR
A unit that has two separate and distinct bedrooms.
3BR
A unit that has 3 separate and distinct bedrooms.
4BR
A unit that has 4 separate and distinct bedrooms.
Average Rent Prices in Arizona (AZ) by Metro Area
wdt_ID | Metro | Studio | 1BR | 2BR | 3BR | 4BR |
---|---|---|---|---|---|---|
1 | Flagstaff, AZ MSA | 1.448 | 1.537 | 1.863 | 2.253 | 2.633 |
2 | Lake Havasu City-Kingman, AZ MSA | 858 | 935 | 1.211 | 1.671 | 1.847 |
3 | Phoenix-Mesa-Scottsdale, AZ MSA | 1.460 | 1.599 | 1.877 | 2.541 | 2.890 |
4 | Prescott Valley-Prescott, AZ MSA | 951 | 1.140 | 1.403 | 43 | 2.273 |
5 | Sierra Vista-Douglas, AZ MSA | 770 | 913 | 1.067 | 1.504 | 1.811 |
6 | Tucson, AZ MSA | 906 | 1.018 | 1.337 | 1.884 | 2.206 |
7 | Yuma, AZ MSA | 956 | 962 | 1.264 | 1.752 | 2.145 |
Metro | Studio | 1BR | 2BR | 3BR | 4BR |
Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout United States excluding Puerto Rico for calendar year 2024.
Arizona (AZ) Residential Rental Agreements
An Arizona (AZ) residential lease agreement is a rental property document that includes the terms and conditions between a landlord who rents the property and the tenant in the state of Arizona. The contract outlines essential information, such as rent amount, applicable late fees, grace periods, and landlord-tenant responsibilities.
Average Rent Prices in Other US States 2024
Rent prices for each state across the United States can greatly vary. Click on a State below to see the specific fair market residential rent prices for that state:
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1Based on average of Fair Market Rents (FMRs) for 0-4 bedroom residential rental units throughout the United States, excluding Puerto Rico.
Methodology
Areas with insufficient inventory or populations less than 25,000 were excluded from this analysis. Averages are based on the combined average of 0-4 bedroom residential rental properties throughout the United States excluding Puerto Rico.
Data
Rent prices are based on aggregated data from one and/or several sources noted below:
Disclaimer
The information included is used for illustrative purposes only. The data contained herein does not constitute financial, legal, or any material advice. Data is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals before making any material decisions.