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ZIP Code · AZ

ZIP 85015

Part of Phoenix, AZ
Pop. 41,490·Maricopa County·173rd most expensive ZIP in Arizona
Median rent (all units)
$1,247/mo
Year-over-Year
+3.3%
Month-over-Month
-2.8%
vs US Median
-$718
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85015 · $1,247
More affordable than 90% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,240
1 BR
$1,340
2 BR
$1,560
3 BR
$2,080
4 BR+
$2,350
Research median
$1,560/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
$14,964/yr
At $1,247/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 3.3% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+3.3% YoY, -2.8% MoM), not inventory.
Demographics

Who lives here

ZIP 85015 (Phoenix, AZ) is majority renter-occupied, has a large share of families with children, has a median income below the national average, 26.4% of residents hold a bachelor's degree or higher.

Population
41,490
Median income
$54,874
Median age
32.2
Renters
65.4%
Age distribution
25.9%
29%
25.6%
Under 1825.9%
18–3429%
35–5425.6%
55–649.8%
65+9.7%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
32.8%
13.9%
52.6%
White32.8%
Black13.9%
Hispanic52.6%
Asian4.4%
Education (25+)
20.5%
26.1%
26.9%
26.4%
No HS diploma20.5%
HS diploma26.1%
Some college26.9%
Bachelor's+26.4%
Housing tenure
34.6%
65.4%
Owner34.6%
Renter65.4%

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

2021 vs 2026

How ZIP 85015 in Phoenix, AZ has changed in 5 years

Rent
$1,009 → $1,247
up 23.6%
Income
$42,823 → $54,874
up 28.1%
Population
41,848 → 41,490
down 0.9%
Renter share
65.6% → 65.4%
-0.2 pts
Bachelor's+
22.4% → 26.4%
+4.0 pts

Rent in ZIP 85015 in Phoenix, AZ has increased 23.6% since 2021, going from about $1,009 per month to roughly $1,247 today. Median household income grew from $42,823 to $54,874 between 2021 and 2024, a 28.1% shift. Income growth outran rent by about 4.5 percentage points, easing the affordability math somewhat compared with 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.4% to 26.4%. Taken together, the five-year picture in ZIP 85015 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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Local insights

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About renting in ZIP 85015

Last updated: July 20, 2026

ZIP code 85015 covers Phoenix, AZ. The median rent here is $1,247/mo as of July 2026. A 1-bedroom rents for a median of $1,340/mo. A 2-bedroom rents for a median of $1,560/mo.

At 27% of local median household income ($54,874/yr), ZIP 85015 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85015?

As of July 20, 2026, the median monthly rent in ZIP 85015 (Phoenix, AZ) is $1,247. This is based on aggregated data from public sources and community submissions.

How does ZIP 85015 rent compare to the US average?

ZIP 85015's median rent of $1,247/mo is $718 (37%) below the US national median of $1,965/mo.

How does ZIP 85015 compare to other ZIPs in Arizona?

ZIP 85015 is among the more affordable ZIP codes in Arizona, ranking #173 out of 185 ZIPs at $1,247/mo.

How much income do you need to rent in ZIP 85015?

To keep rent at or below 30% of gross income, you would need to earn at least $50,000/year (~$24/hour full-time) to afford the median rent of $1,247/mo in ZIP 85015. The local median household income is $54,874/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85015?

Rent in ZIP 85015 has increased 3.3% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 85015 an affordable place to rent?

ZIP 85015 is considered affordable for renters. At $1,247/mo, rent takes approximately 27% of the local median household income ($54,874/yr). The standard benchmark is 30%. ZIP 85015 falls comfortably within that range.

What percentage of ZIP 85015 residents rent vs. own?

According to Census data, approximately 65.4% of ZIP 85015 households are renters, while 34.6% are owner-occupied. With a majority renter population, ZIP 85015 has a strong rental market.

How does ZIP 85015 compare to the rest of Phoenix?

ZIP 85015 is more affordable than Phoenix overall. At $1,247/mo, it's $322 below the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85015 last updated?

Rent data for ZIP 85015 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,247/mo, rent takes ~27% of ZIP 85015's median household income ($54,874/yr). The standard benchmark is 30%.

ZIP 85015 27%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85015 (Phoenix, AZ)

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