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ZIP Code · AZ

ZIP 85008

Part of Phoenix, AZ
Pop. 59,716·Maricopa County·151st most expensive ZIP in Arizona
Median rent (all units)
$1,418/mo
Year-over-Year
-1.4%
Month-over-Month
-1.9%
vs US Median
-$547
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85008 · $1,418
More affordable than 79% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,300
1 BR
$1,410
2 BR
$1,640
3 BR
$2,190
4 BR+
$2,430
Research median
$1,640/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: July 20, 2026

Annual cost
$17,016/yr
At $1,418/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.4% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.4% YoY, -1.9% MoM), not inventory.
Demographics

Who lives here

ZIP 85008 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, 25.9% of residents hold a bachelor's degree or higher.

Population
59,716
Median income
$66,353
Median age
30.7
Renters
68.7%
Age distribution
23%
35.4%
26.2%
Under 1823%
18–3435.4%
35–5426.2%
55–648.9%
65+6.5%
Gender
52.6%
47.4%
Male52.6%
Female47.4%
Race & ethnicity
32.2%
57.6%
White32.2%
Black10.3%
Hispanic57.6%
Asian1.8%
Education (25+)
25.2%
24.4%
24.5%
25.9%
No HS diploma25.2%
HS diploma24.4%
Some college24.5%
Bachelor's+25.9%
Housing tenure
31.3%
68.7%
Owner31.3%
Renter68.7%

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

2021 vs 2026

How ZIP 85008 in Phoenix, AZ has changed in 5 years

Rent
$1,154 → $1,418
up 22.9%
Income
$51,351 → $66,353
up 29.2%
Population
59,734 → 59,716
up 0.0%
Renter share
71.4% → 68.7%
-2.7 pts
Bachelor's+
21.5% → 25.9%
+4.4 pts

The median rent in ZIP 85008 in Phoenix, AZ stood at $1,154 in 2021 and currently runs about $1,418, reflecting a 22.9% increase over the period. Local incomes tracked alongside that move, going from a median of $51,351 in 2021 to $66,353 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. Renters now make up 68.7% of households, compared with 71.4% five years ago. College-educated residents now make up 25.9% of adults here, versus 21.5% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85008 in Phoenix, AZ market of 2021.

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Local insights

Tips for renters in ZIP 85008

About renting in ZIP 85008

Last updated: July 20, 2026

ZIP code 85008 covers Phoenix, AZ. The median rent here is $1,418/mo as of July 2026. A 1-bedroom rents for a median of $1,410/mo. A 2-bedroom rents for a median of $1,640/mo.

At 26% of local median household income ($66,353/yr), ZIP 85008 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85008?

As of July 20, 2026, the median monthly rent in ZIP 85008 (Phoenix, AZ) is $1,418. This is based on aggregated data from public sources and community submissions.

How does ZIP 85008 rent compare to the US average?

ZIP 85008's median rent of $1,418/mo is $547 (28%) below the US national median of $1,965/mo.

How does ZIP 85008 compare to other ZIPs in Arizona?

ZIP 85008 is among the more affordable ZIP codes in Arizona, ranking #151 out of 185 ZIPs at $1,418/mo.

How much income do you need to rent in ZIP 85008?

To keep rent at or below 30% of gross income, you would need to earn at least $57,000/year (~$27/hour full-time) to afford the median rent of $1,418/mo in ZIP 85008. The local median household income is $66,353/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85008?

Rent in ZIP 85008 has decreased 1.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 85008 an affordable place to rent?

ZIP 85008 is considered affordable for renters. At $1,418/mo, rent takes approximately 26% of the local median household income ($66,353/yr). The standard benchmark is 30%. ZIP 85008 falls comfortably within that range.

What percentage of ZIP 85008 residents rent vs. own?

According to Census data, approximately 68.7% of ZIP 85008 households are renters, while 31.3% are owner-occupied. With a majority renter population, ZIP 85008 has a strong rental market.

How does ZIP 85008 compare to the rest of Phoenix?

ZIP 85008 is more affordable than Phoenix overall. At $1,418/mo, it's $151 below the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85008 last updated?

Rent data for ZIP 85008 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,418/mo, rent takes ~26% of ZIP 85008's median household income ($66,353/yr). The standard benchmark is 30%.

ZIP 85008 26%Benchmark 30%
State income tax2.5%
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Public schools near ZIP 85008 (Phoenix, AZ)

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