City Report · AZ

Fountain Hills

Pop. 23,789·3rd most expensive in Arizona·Fountain Hills rents are up 5.2% over the past year
Median rent (all units)
$2,294/mo
Year-over-Year
+5.2%
Month-over-Month
-5.8%
vs US Median
+$332
Falling (Monthly)
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Most AffordableMost Expensive
Fountain Hills · $2,294
More expensive than 73% of US cities · National median $1,962/mo
Rent Reality Score
47/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Fountain Hills's 10-year trend predicts.

Actual rent
$2,294/mo
Expected by trend
$2,260/mo
The Rent Reality Score compares today's median rent to where Fountain Hills's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,780
1 BR
$1,950
2 BR
$2,270
3 BR
$3,050
4 BR+
$3,420
Fair Market Rent (HUD)
$2,270/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,294 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$27,528/yr
At $2,294/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 5.2% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+5.2% YoY, -5.8% MoM), not inventory.
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Demographics

Who lives here

Fountain Hills, AZ is majority owner-occupied, has a large retiree population, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.

Population
23,789
Median income
$112,654
Median age
61.5
Renters
15.6%
Age distribution
12%
15.2%
21%
40.7%
Under 1812%
18–3411%
35–5415.2%
55–6421%
65+40.7%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
89.4%
White89.4%
Black2.3%
Hispanic3.6%
Asian2.1%
Other2.4%
Education (25+)
16%
31.2%
50.4%
No HS diploma2.4%
HS diploma16%
Some college31.2%
Bachelor's+50.4%
Housing tenure
84.4%
15.6%
Owner84.4%
Renter15.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Fountain Hills, AZ has changed in 5 years

Rent
$2,030 → $2,294
up 13.0%
Income
$90,143 → $112,654
up 25.0%
Population
23,639 → 23,789
up 0.6%
Renter share
17.9% → 15.6%
-2.3 pts
Bachelor's+
50% → 50.4%
+0.4 pts
Median age
59.7 → 61.5
+1.8 yrs

Rent in Fountain Hills, AZ has climbed 13.0% since 2022, going from about $2,030 per month to roughly $2,294 today. Median household income grew from $90,143 to $112,654 between 2021 and 2024, a 25.0% shift. Income growth outran rent by about 12.0 percentage points, easing the affordability math somewhat compared with 2021. About 15.6% of households rent today, against 17.9% in 2021. Taken together, the five-year picture in Fountain Hills, AZ reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

Community

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View Fountain Hills rent history (2015–2026) →
Salary vs rent

Can you afford rent in Fountain Hills on your salary?

At $2,294/mo, how Fountain Hills rent compares to typical pay (30% rule).

By apartment size

Fountain Hills rent by bedroom count

Median rent for each apartment size in Fountain Hills. Click any size for full breakdown.

Local insights

Tips for renters in Fountain Hills

About renting in Fountain Hills, AZ

Last updated: August 17, 2026

The median rent in Fountain Hills is $2,294/mo as of August 2026. A studio apartment averages $1,780/mo while a 2-bedroom runs $2,270/mo. One-bedroom apartments average $1,950/mo and 3-bedroom units go for $3,050/mo.

At 24% of local median household income ($112,654/yr), Fountain Hills ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.2% over the past year.

FAQ

Frequently asked questions

Is Fountain Hills an affordable city for renters?

Fountain Hills is considered very affordable for renters. At $2,294/mo, rent takes approximately 24% of the local median household income ($112,654/yr). The standard benchmark is 30%. Fountain Hills falls comfortably within that range.

How much income do you need to rent in Fountain Hills?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,294/mo in Fountain Hills. The local median household income is $112,654/yr, meaning the typical Fountain Hills household meets that threshold.

Is rent going up or down in Fountain Hills?

Rent in Fountain Hills has increased 5.2% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Fountain Hills rent compare to other cities in Arizona?

Fountain Hills is one of the pricier cities in Arizona for rent, ranking #3 out of 49 tracked cities at $2,294/mo.

Which nearby cities are cheaper to rent in than Fountain Hills?

Several nearby cities have lower median rents than Fountain Hills ($2,294/mo): Mesa ($1,540/mo), Tempe ($1,656/mo), Apache Junction ($1,763/mo).

What percentage of Fountain Hills residents rent vs. own?

According to Census data, approximately 15.6% of Fountain Hills households are renters, while 84.4% are owner-occupied. Fountain Hills leans toward homeownership, which can mean a smaller rental inventory.

How does Fountain Hills rent compare to the national average?

Fountain Hills's median rent of $2,294/mo is $332 (17%) above the US national median of $1,962/mo. Within Arizona, it ranks #3 out of 49 tracked cities.
Income Affordability
24%
VERY AFFORDABLE

At $2,294/mo, rent takes ~24% of Fountain Hills's median household income ($112,654/yr). The standard benchmark is 30%.

Fountain Hills 24%Benchmark 30%
State income tax2.5%
Run the Fountain Hills affordability calculator →
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Neighborhoods

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Public schools near Fountain Hills, AZ

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