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ZIP Code · AZ

ZIP 85003

Part of Phoenix, AZ
Pop. 10,875·Maricopa County·111th most expensive ZIP in Arizona
Median rent (all units)
$1,661/mo
Year-over-Year
-2.7%
Month-over-Month
-1.4%
vs US Median
-$269
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85003 · $1,661
More affordable than 61% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,370
1 BR
$1,490
2 BR
$1,730
3 BR
$2,310
4 BR+
$2,560
Research median
$1,730/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 18, 2026

Annual cost
$19,932/yr
At $1,661/mo median
Location
StateAZ
CountyMaricopa County
Demographics

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.

Population
10,875
Median income
$60,461
Median age
38
Renters
72.2%
Age distribution
31.7%
30.3%
12.3%
14.7%
Under 1810.9%
18–3431.7%
35–5430.3%
55–6412.3%
65+14.7%
Gender
57.1%
42.9%
Male57.1%
Female42.9%
Race & ethnicity
55.2%
20.5%
23.9%
White55.2%
Black20.5%
Hispanic23.9%
Asian2.6%
Education (25+)
16.7%
19.2%
20.9%
43.2%
No HS diploma16.7%
HS diploma19.2%
Some college20.9%
Bachelor's+43.2%
Housing tenure
27.8%
72.2%
Owner27.8%
Renter72.2%

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

2021 vs 2026

How ZIP 85003 in Phoenix, AZ has changed in 5 years

Rent
$1,445 → $1,661
up 14.9%
Income
$47,813 → $60,461
up 26.5%
Population
8,105 → 10,875
up 34.2%
Renter share
66.3% → 72.2%
+5.9 pts
Bachelor's+
51.4% → 43.2%
-8.2 pts

Since 2021, the typical rent in ZIP 85003 in Phoenix, AZ has increased from $1,445 to $1,661, a 14.9% 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.

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About renting in ZIP 85003

Last updated: May 18, 2026

ZIP code 85003 covers Phoenix, AZ. The median rent here is $1,661/mo as of May 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,730/mo.

At 33% of local median household income ($60,461/yr), ZIP 85003 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85003?

As of May 18, 2026, the median monthly rent in ZIP 85003 (Phoenix, AZ) is $1,661. This is based on aggregated data from public sources and community submissions.

How does ZIP 85003 rent compare to the US average?

ZIP 85003's median rent of $1,661/mo is $269 (14%) below the US national median of $1,930/mo.

How does ZIP 85003 compare to other ZIPs in Arizona?

ZIP 85003 falls in the middle range for Arizona, ranking #111 out of 183 ZIPs at $1,661/mo.

How much income do you need to rent in ZIP 85003?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,661/mo in ZIP 85003. The local median household income is $60,461/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 85003?

Rent in ZIP 85003 has decreased 2.7% over the past year as of May 18, 2026, offering some relief compared to 12 months ago.

Is ZIP 85003 an affordable place to rent?

ZIP 85003 is considered moderate for renters. At $1,661/mo, rent takes approximately 33% of the local median household income ($60,461/yr). The standard benchmark is 30%. ZIP 85003 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 85003 residents rent vs. own?

According to Census data, approximately 72.2% of ZIP 85003 households are renters, while 27.8% are owner-occupied. With a majority renter population, ZIP 85003 has a strong rental market.

How does ZIP 85003 compare to the rest of Phoenix?

ZIP 85003 is pricier than Phoenix as a whole. At $1,661/mo, it's $90 above the Phoenix citywide median of $1,571/mo.

When was rent data for ZIP 85003 last updated?

Rent data for ZIP 85003 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
33%
MODERATE

At $1,661/mo, rent takes ~33% of ZIP 85003's median household income ($60,461/yr). The standard benchmark is 30%.

ZIP 85003 33%Benchmark 30%
State income tax2.5%
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