If you’re looking to find a new place to call home in the Valley, you’re probably worried about rising rental prices.
Rent.com has researched which neighborhoods have the highest hike in rental costs. Rent.com examined the neighborhoods in Phoenix with sufficient inventory on Apartment Guide and Rent.com. They then compared the average rent prices from March 2018 to March 2019.
Central Avenue Corridor
- Price increased by 22.7%
- Average rent for one-bedroom is $1,288.
The Central Avenue Corridor is one of the most popular neighborhoods in the area, and it houses many of the city’s businesses.
It also has two of the city’s largest hospital systems, Phoenix VA Health Care System and St. Joseph’s Hospital and Medical Center.
Desert View
- Price increased by 17.9%.
- Average rent for one-bedroom is $1,372.
Desert View is an upscale neighborhood in Phoenix, and it’s bordered by three recreation areas: Cave Creek Regional Park, Phoenix Sonoran Preserve and Cave Buttes Recreation Area.
North Mountain
- Price increased by 15.1%.
- Average rent for one-bedroom is $838.
North Mountain is a very popular neighborhood for families, young people, and empty nesters. The area has an abundance of coffee shops, boutiques, and public parks.
North Phoenix
- Price increased by 13.1%.
- Average rent for one-bedroom is $959.
North Phoenix is lower than the majority of desirable areas, but rent is still rising quickly.
Central City
- Price increased by 13.1%.
- Average rent is Central City: $1,464.
Central City is the busiest area of Phoenix. It has the nightlife, bars, concerts, entertainment, and tons of dining.
