ZIP 85003
Is your rent fair?
Compare your rent to the local median.
Rent by unit size
Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
February. Asking rents in ZIP 85003 usually run 1.3% below trend in February and 1.2% above it in July, about $44 a month apart at today's median. Based on 10 years of data.
Rent in ZIP 85003 is 6.6% below its high of $1,882 in August 2022, at $1,757 as of September 2026.
Rent in ZIP 85003 changed +1.0% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 85003 rose 38.2% while median household income rose 37% ($44,140 to $60,461). Rent outpaced income.
Rent in ZIP 85003 is 23.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($60,461) is $1,512 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,490); a 2-bedroom is $1,730.
30th cheapest of 43 ZIP codes in Phoenix.
ZIP 85007, 1 mile away, rents for 22% less ($1,375/mo), about $4,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85003. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 85003 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 43.2% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85003 in Phoenix, AZ has changed in 5 years
Since 2021, the typical rent in ZIP 85003 in Phoenix, AZ has increased from $1,510 to $1,757, a 16.4% change over five years. On the earnings side, the typical household in ZIP 85003 in Phoenix, AZ now reports about $60,461, up from $47,813 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 34.2% since 2021, moving from about 8,105 residents to roughly 10,875. Renters now make up 72.2% of households, compared with 66.3% five years ago. College-educated residents now make up 43.2% of adults here, versus 51.4% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 85003 in Phoenix, AZ reflects that arc in its own way.
Discussions about ZIP 85003
No discussions yet. Start the conversation.
Tips for renters in ZIP 85003
Last updated: October 17, 2026
ZIP code 85003 covers Phoenix, AZ. The median rent here is $1,757/mo as of October 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,730/mo.
At 35% of local median household income ($60,461/yr), ZIP 85003 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.
Frequently asked questions
How much income do you need to rent in ZIP 85003?
Is rent going up or down in ZIP 85003?
When is the cheapest time to rent in ZIP 85003?
Has rent outpaced income in ZIP 85003?
How does ZIP 85003 compare to other ZIPs in Arizona?
How does ZIP 85003 compare to the rest of Phoenix?
At $1,757/mo, rent takes ~35% of ZIP 85003's median household income ($60,461/yr). The standard benchmark is 30%.
How does this area stack up?
Pick another city or ZIP to compare.
Be the first to submit your rent for this ZIP.
No discussions yet.