Rent in Arizona
The median 2-bedroom Fair Market Rent in Arizona is $1,402/mo, ranking #23 out of 51 states for highest rent. This is $152 above the national median of $1,250/mo. Arizona has a population of 7.3M. About 33% of households rent their homes. Fair Market Rent data covers 7 areas across the state.
Highlights
All 7 Areas in Arizona
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Flagstaff Pop. 145K | $1,597 | $1,727 | $1,921 | $2,343 | 33.1% | +3.1% |
| Phoenix-Mesa-Chandler Pop. 4.9M | $1,457 | $1,583 | $1,839 | $2,452 | 26.1% | - |
| Prescott Valley-Prescott Pop. 242K | $1,129 | $1,309 | $1,637 | $2,277 | 29.7% | +16.7% |
| Tucson Pop. 1.0M | $967 | $1,081 | $1,402 | $1,950 | 24.8% | +4.9% |
| Yuma Pop. 208K | $1,046 | $1,053 | $1,382 | $1,892 | 27.4% | +9.3% |
| Lake Havasu City-Kingman Pop. 217K | $1,053 | $1,060 | $1,365 | $1,897 | 29.4% | +12.7% |
| Sierra Vista-Douglas Pop. 125K | $887 | $1,111 | $1,257 | $1,748 | 25.6% | +17.8% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Arizona is $1,402 per month. Rents range from $1,257/mo in Sierra Vista-Douglas to $1,921/mo in Flagstaff. The actual median gross rent statewide is $1,431/mo according to Census data.
Arizona ranks #23 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,402/mo is $152 above the national median of $1,250/mo.
The average rent burden across Arizona is 28%, meaning a typical household would spend 28% of income on a 2-bedroom at Fair Market Rent. 1 of 7 areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $76,872.
The most affordable area in Arizona is Sierra Vista-Douglas with a 2-bedroom Fair Market Rent of $1,257/mo. The median household income there is $58,970.
The most expensive area in Arizona is Flagstaff with a 2-bedroom Fair Market Rent of $1,921/mo. The median household income there is $69,748.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.