ZIP Code · AZ

ZIP 85017

Part of Phoenix, AZ

Pop. 46,129·Maricopa County·178th most expensive ZIP in Arizona

Median rent (all units)

$1,153/mo

Year-over-Year

-2.2%

Month-over-Month

Stable

vs US Median

-$779

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 85017 · $1,153

More affordable than 93% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$829

1 BR

$899

2 BR

$1,058

3 BR

$1,431

4 BR+

$1,624

Research median

$1,058/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

Compared with the peak

Rent in ZIP 85017 is 5.4% below its high of $1,219 in December 2024, at $1,153 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85017 changed -2.2% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

What a typical income covers

30% of the median household income ($58,346) is $1,459 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

2nd cheapest of 43 ZIP codes in Phoenix.

From Zillow's monthly rent index (ZORI) for ZIP 85017. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$13,836/yr

At $1,153/mo median

Location

CityPhoenix

StateAZ

CountyMaricopa County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.2% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.2% YoY, +0.0% MoM), not inventory.

Demographics

Who lives here

ZIP 85017 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 11.7% of residents hold a bachelor's degree or higher.

Population

46,129

Median income

$58,346

Median age

24.3

Renters

55.6%

Age distribution

28.3%

35.3%

24.1%

Under 1828.3%

18–3435.3%

35–5424.1%

55–647.1%

65+5.2%

Gender

50.9%

49.1%

Male50.9%

Female49.1%

Race & ethnicity

30.5%

58.8%

White30.5%

Black9.3%

Hispanic58.8%

Asian5.1%

Education (25+)

33.3%

29.9%

25.1%

No HS diploma33.3%

HS diploma29.9%

Some college25.1%

Bachelor's+11.7%

Housing tenure

44.4%

55.6%

Owner44.4%

Renter55.6%

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

2023 vs 2026

How ZIP 85017 in Phoenix, AZ has changed in 5 years

Rent

$1,124 → $1,153

up 2.6%

Income

$46,150 → $58,346

up 26.4%

Population

41,195 → 46,129

up 12.0%

Renter share

55.2% → 55.6%

+0.4 pts

Bachelor's+

9.1% → 11.7%

+2.6 pts

Median age

26.3 → 24.3

-2.0 yrs

Rent in ZIP 85017 in Phoenix, AZ has climbed 2.6% since 2023, going from about $1,124 per month to roughly $1,153 today. Local incomes tracked alongside that move, going from a median of $46,150 in 2021 to $58,346 more recently. Income growth outran rent by about 23.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 41,195 to 46,129 between 2021 and 2024, a 12.0% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 9.1% to 11.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85017 in Phoenix, AZ market of 2023.

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About renting in ZIP 85017

Last updated: October 17, 2026

ZIP code 85017 covers Phoenix, AZ. The median rent here is $1,153/mo as of October 2026. A 1-bedroom rents for a median of $899/mo. A 2-bedroom rents for a median of $1,058/mo.

At 24% of local median household income ($58,346/yr), ZIP 85017 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85017?

To keep rent at or below 30% of gross income, you would need to earn at least $46,000/year (about $22/hour full-time) to afford the median rent of $1,153/mo in ZIP 85017. The local median household income is $58,346/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85017?

Rent in ZIP 85017 has fallen 2.2% over the past year as of September 2026. It sits 5.4% below its high of $1,219 in December 2024.

How does ZIP 85017 compare to other ZIPs in Arizona?

ZIP 85017 is one of the more affordable among Arizona ZIP codes for rent, ranking #178 of 183 at $1,153/mo. Over the year to September 2026, rent in ZIP 85017 changed -2.2%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.