ZIP Code · AZ

ZIP 85006

Part of Phoenix, AZ
Pop. 21,905·Maricopa County·133rd most expensive ZIP in Arizona
Median rent (all units)
$1,499/mo
Year-over-Year
+0.5%
Month-over-Month
-0.3%
vs US Median
-$433
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 85006 · $1,499
More affordable than 73% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,190
1 BR
$1,300
2 BR
$1,530
3 BR
$2,070
4 BR+
$2,350
Research median
$1,530/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 85006 usually run 1.5% below trend in November and 1.1% above it in June, about $39 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 85006 is 1.6% below its high of $1,524 in March 2025, at $1,499 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85006 changed +0.5% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 85006 rose 49.1% while median household income rose 52.8% ($38,121 to $58,248). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 85006 is 45.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($58,248) is $1,456 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,300); a 2-bedroom is $1,530.

Rank in Phoenix

20th cheapest of 43 ZIP codes in Phoenix.

Cheaper nearby

ZIP 85015, 4 miles away, rents for 19% less ($1,220/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85006. 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.

Annual cost
$17,988/yr
At $1,499/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.5% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 85006 (Phoenix, AZ) is majority renter-occupied, has a median income below the national average, 26.1% of residents hold a bachelor's degree or higher.

Population
21,905
Median income
$58,248
Median age
34.3
Renters
61.8%
Age distribution
22.7%
28.8%
30.2%
Under 1822.7%
18–3428.8%
35–5430.2%
55–649.8%
65+8.6%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
36%
59.1%
White36%
Black7%
Hispanic59.1%
Asian1.5%
Education (25+)
23.9%
25.8%
24.1%
26.1%
No HS diploma23.9%
HS diploma25.8%
Some college24.1%
Bachelor's+26.1%
Housing tenure
38.2%
61.8%
Owner38.2%
Renter61.8%

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

2021 vs 2026

How ZIP 85006 in Phoenix, AZ has changed in 5 years

Rent
$1,241 → $1,499
up 20.8%
Income
$46,963 → $58,248
up 24.0%
Population
24,777 → 21,905
down 11.6%
Renter share
63.3% → 61.8%
-1.5 pts
Bachelor's+
25% → 26.1%
+1.1 pts
Median age
31.3 → 34.3
+3.0 yrs

The median rent in ZIP 85006 in Phoenix, AZ stood at $1,241 in 2021 and currently runs about $1,499, reflecting a 20.8% increase over the period. On the earnings side, the typical household in ZIP 85006 in Phoenix, AZ now reports about $58,248, up from $46,963 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 11.6% since 2021, moving from about 24,777 residents to roughly 21,905. Renters now make up 61.8% of households, compared with 63.3% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 85006 in Phoenix, AZ reflects that arc in its own way.

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Local insights

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About renting in ZIP 85006

Last updated: October 17, 2026

ZIP code 85006 covers Phoenix, AZ. The median rent here is $1,499/mo as of October 2026. A 1-bedroom rents for a median of $1,300/mo. A 2-bedroom rents for a median of $1,530/mo.

At 31% of local median household income ($58,248/yr), ZIP 85006 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85006?

To keep rent at or below 30% of gross income, you would need to earn at least $60,000/year (about $29/hour full-time) to afford the median rent of $1,499/mo in ZIP 85006. The local median household income is $58,248/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 85006?

Rent in ZIP 85006 has risen 0.5% over the past year as of September 2026. It sits 1.6% below its high of $1,524 in March 2025.

When is the cheapest time to rent in ZIP 85006?

Asking rents in ZIP 85006 are usually lowest in November, about 1.5% below their yearly trend, and highest in June, about 1.1% above it. At today's median that is a gap of roughly $39 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 85006?

No. From 2019 to 2024, rent in ZIP 85006 rose 49.1% while median household income rose 52.8%, from $38,121 to $58,248. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85006 compare to other ZIPs in Arizona?

ZIP 85006 is one of the more affordable among Arizona ZIP codes for rent, ranking #133 of 183 at $1,499/mo. Over the year to September 2026, rent in ZIP 85006 changed +0.5%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.

How does ZIP 85006 compare to the rest of Phoenix?

At $1,499/mo, ZIP 85006 is $72 below the Phoenix citywide median of $1,571/mo. It is the 20th cheapest of 43 ZIP codes in Phoenix.
Income Affordability
31%
MODERATE

At $1,499/mo, rent takes ~31% of ZIP 85006's median household income ($58,248/yr). The standard benchmark is 30%.

ZIP 85006 31%Benchmark 30%
State income tax2.5%
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Public schools near ZIP 85006 (Phoenix, AZ)

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