ZIP Code · AZ

ZIP 85034

Part of Phoenix, AZ

Pop. 4,854·Maricopa County·143rd most expensive ZIP in Arizona

Median rent (all units)

$1,440/mo

Year-over-Year

-0.2%

Month-over-Month

+1.6%

vs US Median

-$492

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 85034 · $1,440

More affordable than 77% 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

$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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 85034 is 6.6% below its high of $1,542 in December 2023, at $1,440 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85034 changed -0.2% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Recent direction

Rent has risen 4 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($63,559) is $1,589 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,390); a 2-bedroom is $1,610.

Rank in Phoenix

16th cheapest of 43 ZIP codes in Phoenix.

Cheaper nearby

ZIP 85015, 7 miles away, rents for 15% less ($1,220/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85034. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,280/yr

At $1,440/mo median

Location

CityPhoenix

StateAZ

CountyMaricopa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.2% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (-0.2% YoY, +1.6% 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

2023 vs 2026

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

Rent

$1,513 → $1,440

down 4.8%

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

Five years ago, renters in ZIP 85034 in Phoenix, AZ paid around $1,513 a month. That figure now sits near $1,440, down 4.8% from the 2023 baseline. Median household income climbed from $37,981 to $63,559 between 2021 and 2024, a 67.3% shift. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. 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. Taken together, the five-year picture in ZIP 85034 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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About renting in ZIP 85034

Last updated: October 17, 2026

ZIP code 85034 covers Phoenix, AZ. The median rent here is $1,440/mo as of October 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,610/mo.

At 27% of local median household income ($63,559/yr), ZIP 85034 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

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 $58,000/year (about $28/hour full-time) to afford the median rent of $1,440/mo in ZIP 85034. The local median household income is $63,559/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 85034?

Rent in ZIP 85034 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 6.6% below its high of $1,542 in December 2023.

How does ZIP 85034 compare to other ZIPs in Arizona?

ZIP 85034 is one of the more affordable among Arizona ZIP codes for rent, ranking #143 of 183 at $1,440/mo. Over the year to September 2026, rent in ZIP 85034 changed -0.2%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.