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RentData.org Logo Phoenix-Mesa-Scottsdale Fair Market Rent FY 2024 Phoenix-Mesa-Scottsdale, AZ MSA Rental Data

Fair Market Rent Prices in Phoenix-Mesa-Scottsdale, AZ :
$1,460 $1,599 $1,877 $2,541 $2,890
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Phoenix-Mesa-Scottsdale are very high compared to the national average. This FMR area is more expensive than 97% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Phoenix-Mesa-Scottsdale is $1,877 per month.

The previous year, rent for a two-bedroom home was $1,740 per month. This is a 7.87% increase year-over-year.

This FMR rate applies to Bapchule, AZ, Chandler Heights, AZ, Dateland, AZ, Sacaton, AZ, Palo Verde, AZ, Arlington, AZ, Glendale Luke Afb, AZ, Fort Mcdowell, AZ, Aguila, AZ, Morristown, AZ and other cities within the region. The Metro Code or CBSA code for this region is METRO38060M38060.

Additionally, This Fair Market Rent (FMR) area Phoenix-Mesa-Scottsdale, AZ MSA spans one county or city in Arizona which is listed in the table below. Estimated population of Phoenix-Mesa-Scottsdale, AZ MSA FMR area is 4,412,779 people based on latest Census data.

Compared to the rest of Arizona, the Phoenix-Mesa-Scottsdale FMR area is more expensive than 100% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Phoenix-Mesa-Scottsdale. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Phoenix-Mesa-Scottsdale

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1577
1-BR 1-Bedroom $ 1728
2-BR 2-Bedroom $ 2028
3-BR 3-Bedroom $ 2746
4-BR 4-Bedroom $ 3122
Change Year:
2006 2007 2008 2009 2010 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

There is just one county (listed below) within the Phoenix-Mesa-Scottsdale, AZ MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Phoenix (Prescott) and Yuma - El Centro.

County / Region Est. Population
Phoenix-Mesa-Scottsdale, AZ Metro 4,412,779
Zip Codes in Phoenix-Mesa-Scottsdale, AZ MSA

There are 192 unique zip codes in this Fair Market Rent (FMR) area:

85001, 85002, 85003, 85004, 85005, 85006, 85007, 85008, 85009, 85010, 85011, 85012, 85013, 85014, 85015, 85016, 85017, 85018, 85019, 85020, 85021, 85022, 85023, 85024, 85026, 85027, 85028, 85029, 85030, 85031, 85032, 85033, 85034, 85035, 85036, 85037, 85040, 85041, 85042, 85043, 85044, 85045, 85046, 85048, 85050, 85051, 85053, 85054, 85060, 85061, 85063, 85064, 85066, 85067, 85068, 85069, 85070, 85071, 85074, 85076, 85078, 85079, 85080, 85082, 85083, 85085, 85086, 85087, 85119, 85120, 85121, 85127, 85139, 85142, 85143, 85147, 85201, 85202, 85203, 85204, 85205, 85206, 85207, 85208, 85209, 85210, 85211, 85212, 85213, 85214, 85215, 85216, 85224, 85225, 85226, 85233, 85234, 85236, 85244, 85246, 85248, 85249, 85250, 85251, 85252, 85253, 85254, 85255, 85256, 85257, 85258, 85259, 85260, 85261, 85262, 85263, 85264, 85266, 85267, 85268, 85269, 85271, 85274, 85275, 85277, 85280, 85281, 85282, 85283, 85284, 85285, 85286, 85287, 85295, 85296, 85297, 85298, 85299, 85301, 85302, 85303, 85304, 85305 show more

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