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ZIP Code · AZ

ZIP 85034

Part of Phoenix, AZ
Pop. 4,854·Maricopa County·156th most expensive ZIP in Arizona
Median rent (all units)
$1,392/mo
Year-over-Year
-5.7%
Month-over-Month
+4.3%
vs US Median
-$573
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 85034 · $1,392
More affordable than 81% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,280
1 BR
$1,390
2 BR
$1,610
3 BR
$2,150
4 BR+
$2,380
Research median
$1,610/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
$16,704/yr
At $1,392/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (-5.7% YoY, +4.3% MoM), not inventory.
Demographics

Who lives here

ZIP 85034 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 31.2% of residents hold a bachelor's degree or higher.

Population
4,854
Median income
$63,559
Median age
34.8
Renters
77.5%
Age distribution
12.1%
38.7%
31.5%
Under 1812.1%
18–3438.7%
35–5431.5%
55–649.8%
65+7.8%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
41%
54.6%
White41%
Black8%
Hispanic54.6%
Asian2%
Education (25+)
22.7%
20.5%
25.6%
31.2%
No HS diploma22.7%
HS diploma20.5%
Some college25.6%
Bachelor's+31.2%
Housing tenure
22.5%
77.5%
Owner22.5%
Renter77.5%

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

2021 vs 2026

How ZIP 85034 in Phoenix, AZ has changed in 5 years

Income
$37,981 → $63,559
up 67.3%
Population
5,001 → 4,854
down 2.9%
Renter share
82.6% → 77.5%
-5.1 pts
Bachelor's+
22.2% → 31.2%
+9.0 pts
Median age
30.9 → 34.8
+3.9 yrs

Median household income climbed from $37,981 to $63,559 between 2021 and 2024, a 67.3% shift. Census counts show ZIP 85034 in Phoenix, AZ losing about 147 residents over the five-year window, down 2.9% on net. The renter share has eased from 82.6% to 77.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 22.2% to 31.2% across the same window.

Community

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Local insights

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About renting in ZIP 85034

Last updated: July 20, 2026

ZIP code 85034 covers Phoenix, AZ. The median rent here is $1,392/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,610/mo.

At 26% of local median household income ($63,559/yr), ZIP 85034 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85034?

As of July 20, 2026, the median monthly rent in ZIP 85034 (Phoenix, AZ) is $1,392. This is based on aggregated data from public sources and community submissions.

How does ZIP 85034 rent compare to the US average?

ZIP 85034's median rent of $1,392/mo is $573 (29%) below the US national median of $1,965/mo.

How does ZIP 85034 compare to other ZIPs in Arizona?

ZIP 85034 is among the more affordable ZIP codes in Arizona, ranking #156 out of 185 ZIPs at $1,392/mo.

How much income do you need to rent in ZIP 85034?

To keep rent at or below 30% of gross income, you would need to earn at least $56,000/year (~$27/hour full-time) to afford the median rent of $1,392/mo in ZIP 85034. The local median household income is $63,559/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85034?

Rent in ZIP 85034 has decreased 5.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 85034 an affordable place to rent?

ZIP 85034 is considered affordable for renters. At $1,392/mo, rent takes approximately 26% of the local median household income ($63,559/yr). The standard benchmark is 30%. ZIP 85034 falls comfortably within that range.

What percentage of ZIP 85034 residents rent vs. own?

According to Census data, approximately 77.5% of ZIP 85034 households are renters, while 22.5% are owner-occupied. With a majority renter population, ZIP 85034 has a strong rental market.

How does ZIP 85034 compare to the rest of Phoenix?

ZIP 85034 is more affordable than Phoenix overall. At $1,392/mo, it's $177 below the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85034 last updated?

Rent data for ZIP 85034 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,392/mo, rent takes ~26% of ZIP 85034's median household income ($63,559/yr). The standard benchmark is 30%.

ZIP 85034 26%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85034 (Phoenix, AZ)

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