Like the housing market, apartment rental prospects have transformed in recent years. Our expectations and desires have shifted, with renters searching for more space — often at a higher price tag. But, according to a new study from RentCafe, the costs in Phoenix are somewhat average.
Of the 100 largest cities in the U.S., Phoenix ranked at No. 63 when it came to affordable space. A monthly budget of $1,500, on average, affords you an 804-square-foot apartment. And in fact, that’s almost exactly what the average Phoenix renter pays: $1,444 for 801 square feet of space.
However, cheaper options are still available within the Phoenix metro. The suburbs of Glendale and Surprise both offer 841 square feet of space for the $1,500, followed by Avondale where the same budget affords 838 square feet of space.