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ZIP Code · AZ

ZIP 85037

Part of Phoenix, AZ
Pop. 54,608·Maricopa County·94th most expensive ZIP in Arizona
Median rent (all units)
$1,736/mo
Year-over-Year
+1.8%
Month-over-Month
-2.1%
vs US Median
-$229
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85037 · $1,736
More affordable than 56% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,500
1 BR
$1,630
2 BR
$1,890
3 BR
$2,520
4 BR+
$2,800
Research median
$1,890/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
$20,832/yr
At $1,736/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 1.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+1.8% YoY, -2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 85037 (Phoenix, AZ) is majority owner-occupied, has a large share of families with children, 14.1% of residents hold a bachelor's degree or higher.

Population
54,608
Median income
$84,016
Median age
30.1
Renters
40.1%
Age distribution
28.9%
29%
25.2%
Under 1828.9%
18–3429%
35–5425.2%
55–649.5%
65+7.4%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
27.3%
66.1%
White27.3%
Black11.6%
Hispanic66.1%
Asian2.1%
Education (25+)
21.8%
34.3%
29.7%
14.1%
No HS diploma21.8%
HS diploma34.3%
Some college29.7%
Bachelor's+14.1%
Housing tenure
59.9%
40.1%
Owner59.9%
Renter40.1%

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

2021 vs 2026

How ZIP 85037 in Phoenix, AZ has changed in 5 years

Rent
$1,400 → $1,736
up 24.0%
Income
$65,733 → $84,016
up 27.8%
Population
52,061 → 54,608
up 4.9%
Renter share
38.7% → 40.1%
+1.4 pts
Bachelor's+
14.7% → 14.1%
-0.6 pts
Median age
30.6 → 30.1
-0.5 yrs

Rent in ZIP 85037 in Phoenix, AZ has climbed 24.0% since 2021, going from about $1,400 per month to roughly $1,736 today. Census figures show median household income at $84,016 today, compared with $65,733 five years earlier. Income growth outran rent by about 3.8 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 52,061 to 54,608 between 2021 and 2024, a 4.9% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 85037

Last updated: July 20, 2026

ZIP code 85037 covers Phoenix, AZ. The median rent here is $1,736/mo as of July 2026. A 1-bedroom rents for a median of $1,630/mo. A 2-bedroom rents for a median of $1,890/mo.

At 25% of local median household income ($84,016/yr), ZIP 85037 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85037?

As of July 20, 2026, the median monthly rent in ZIP 85037 (Phoenix, AZ) is $1,736. This is based on aggregated data from public sources and community submissions.

How does ZIP 85037 rent compare to the US average?

ZIP 85037's median rent of $1,736/mo is $229 (12%) below the US national median of $1,965/mo.

How does ZIP 85037 compare to other ZIPs in Arizona?

ZIP 85037 falls in the middle range for Arizona, ranking #94 out of 185 ZIPs at $1,736/mo.

How much income do you need to rent in ZIP 85037?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,736/mo in ZIP 85037. The local median household income is $84,016/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85037?

Rent in ZIP 85037 has increased 1.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 85037 an affordable place to rent?

ZIP 85037 is considered affordable for renters. At $1,736/mo, rent takes approximately 25% of the local median household income ($84,016/yr). The standard benchmark is 30%. ZIP 85037 falls comfortably within that range.

What percentage of ZIP 85037 residents rent vs. own?

According to Census data, approximately 40.1% of ZIP 85037 households are renters, while 59.9% are owner-occupied. ZIP 85037 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85037 compare to the rest of Phoenix?

ZIP 85037 is pricier than Phoenix as a whole. At $1,736/mo, it's $167 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85037 last updated?

Rent data for ZIP 85037 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,736/mo, rent takes ~25% of ZIP 85037's median household income ($84,016/yr). The standard benchmark is 30%.

ZIP 85037 25%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85037 (Phoenix, AZ)

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