ZIP 85012
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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
December. Asking rents in ZIP 85012 usually run 1.2% below trend in December and 1.3% above it in July, about $38 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 85012 is 6.2% below its high of $1,636 in February 2022, at $1,535 as of September 2026.
Rent in ZIP 85012 changed +1.1% 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 85012 rose 28% while median household income rose 23.3% ($70,228 to $86,620). Rent outpaced income.
Rent in ZIP 85012 is 21.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 4 months in a row, and rose in 6 of the last 12 months.
30% of the median household income ($86,620) is $2,166 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,010); a 3-bedroom is $2,680.
21st cheapest of 43 ZIP codes in Phoenix.
ZIP 85015, 2 miles away, rents for 21% less ($1,220/mo), about $3,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85012. 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 85012 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, 61.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85012 in Phoenix, AZ has changed in 5 years
Since 2021, the typical rent in ZIP 85012 in Phoenix, AZ has climbed from $1,339 to $1,535, a 14.6% change over five years. Household income in the area moved from $72,708 to $86,620 across the same window, up 19.1% versus 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 10.7% since 2021, moving from about 7,861 residents to roughly 8,704. Renters now make up 60.5% of households, compared with 56.5% five years ago. Reading these numbers side by side helps frame whether current listings in ZIP 85012 in Phoenix, AZ look reasonable against where the market sat half a decade ago.
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Tips for renters in ZIP 85012
Last updated: October 17, 2026
ZIP code 85012 covers Phoenix, AZ. The median rent here is $1,535/mo as of October 2026. A 1-bedroom rents for a median of $1,221/mo. A 2-bedroom rents for a median of $1,418/mo.
At 21% of local median household income ($86,620/yr), ZIP 85012 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.
Frequently asked questions
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How does ZIP 85012 compare to other ZIPs in Arizona?
How does ZIP 85012 compare to the rest of Phoenix?
At $1,535/mo, rent takes ~21% of ZIP 85012's median household income ($86,620/yr). The standard benchmark is 30%.
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