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ZIP Code · AZ

ZIP 85004

Part of Phoenix, AZ
Pop. 12,408·Maricopa County·98th most expensive ZIP in Arizona
Median rent (all units)
$1,738/mo
Year-over-Year
-2.1%
Month-over-Month
-2.1%
vs US Median
-$192
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85004 · $1,738
More affordable than 55% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,700
1 BR
$1,850
2 BR
$2,150
3 BR
$2,870
4 BR+
$3,180
Research median
$2,150/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
$20,856/yr
At $1,738/mo median
Location
StateAZ
CountyMaricopa County
Demographics

Who lives here

ZIP 85004 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, 60.6% of residents hold a bachelor's degree or higher.

Population
12,408
Median income
$73,750
Median age
27.9
Renters
78.9%
Age distribution
58.5%
16.9%
Under 187.9%
18–3458.5%
35–5416.9%
55–648.7%
65+8%
Gender
48.7%
51.3%
Male48.7%
Female51.3%
Race & ethnicity
58.3%
22.5%
White58.3%
Black5.6%
Hispanic22.5%
Asian6.9%
Other6.7%
Education (25+)
12.5%
19.3%
60.6%
No HS diploma7.6%
HS diploma12.5%
Some college19.3%
Bachelor's+60.6%
Housing tenure
21.1%
78.9%
Owner21.1%
Renter78.9%

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

2021 vs 2026

How ZIP 85004 in Phoenix, AZ has changed in 5 years

Rent
$1,589 → $1,738
up 9.4%
Income
$59,913 → $73,750
up 23.1%
Population
9,071 → 12,408
up 36.8%
Renter share
77% → 78.9%
+1.9 pts
Bachelor's+
62% → 60.6%
-1.4 pts

The median rent in ZIP 85004 in Phoenix, AZ stood at $1,589 in 2021 and currently runs about $1,738, reflecting a 9.4% increase over the period. Median household income rose from $59,913 to $73,750 between 2021 and 2024, a 23.1% shift. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 36.8% since 2021, moving from about 9,071 residents to roughly 12,408. Renters now make up 78.9% of households, compared with 77% five years ago. Taken together, the five-year picture in ZIP 85004 in Phoenix, 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.

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About renting in ZIP 85004

Last updated: May 18, 2026

ZIP code 85004 covers Phoenix, AZ. The median rent here is $1,738/mo as of May 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,150/mo.

At 28% of local median household income ($73,750/yr), ZIP 85004 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85004?

As of May 18, 2026, the median monthly rent in ZIP 85004 (Phoenix, AZ) is $1,738. This is based on aggregated data from public sources and community submissions.

How does ZIP 85004 rent compare to the US average?

ZIP 85004's median rent of $1,738/mo is $192 (10%) below the US national median of $1,930/mo.

How does ZIP 85004 compare to other ZIPs in Arizona?

ZIP 85004 falls in the middle range for Arizona, ranking #98 out of 183 ZIPs at $1,738/mo.

How much income do you need to rent in ZIP 85004?

To keep rent at or below 30% of gross income, you would need to earn at least $70,000/year (~$34/hour full-time) to afford the median rent of $1,738/mo in ZIP 85004. The local median household income is $73,750/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85004?

Rent in ZIP 85004 has decreased 2.1% over the past year as of May 18, 2026, offering some relief compared to 12 months ago.

Is ZIP 85004 an affordable place to rent?

ZIP 85004 is considered affordable for renters. At $1,738/mo, rent takes approximately 28% of the local median household income ($73,750/yr). The standard benchmark is 30%. ZIP 85004 falls comfortably within that range.

What percentage of ZIP 85004 residents rent vs. own?

According to Census data, approximately 78.9% of ZIP 85004 households are renters, while 21.1% are owner-occupied. With a majority renter population, ZIP 85004 has a strong rental market.

How does ZIP 85004 compare to the rest of Phoenix?

ZIP 85004 is pricier than Phoenix as a whole. At $1,738/mo, it's $167 above the Phoenix citywide median of $1,571/mo.

When was rent data for ZIP 85004 last updated?

Rent data for ZIP 85004 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
28%
AFFORDABLE

At $1,738/mo, rent takes ~28% of ZIP 85004's median household income ($73,750/yr). The standard benchmark is 30%.

ZIP 85004 28%Benchmark 30%
State income tax2.5%
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