ZIP Code · AZ

ZIP 85041

Part of Phoenix, AZ
Pop. 63,862·Maricopa County·24th most expensive ZIP in Arizona
Median rent (all units)
$2,178/mo
Year-over-Year
+0.8%
Month-over-Month
+0.3%
vs US Median
+$246
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 85041 · $2,178
More expensive than 70% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,320
1 BR
$1,440
2 BR
$1,670
3 BR
$2,230
4 BR+
$2,470
Research median
$1,670/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

Cheapest month to sign

December. Asking rents in ZIP 85041 usually run 1% below trend in December and 1% above it in August, about $44 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 85041 is 0.2% below its high of $2,183 in February 2025, at $2,178 as of September 2026.

Past year vs. the rest of Arizona

Rent in ZIP 85041 changed +0.8% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 85041 rose 54.3% while median household income rose 38.1% ($54,546 to $75,301). Rent outpaced income.

Since before the pandemic

Rent in ZIP 85041 is 44.8% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 2 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($75,301) is $1,883 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,670); a 3-bedroom is $2,230.

Rank in Phoenix

38th cheapest of 43 ZIP codes in Phoenix.

Cheaper nearby

ZIP 85042, 4 miles away, rents for 24% less ($1,647/mo), about $6,400 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 85041. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$26,136/yr
At $2,178/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+0.8% YoY, +0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 85041 (Phoenix, AZ) is majority owner-occupied, has a large share of families with children, 19.7% of residents hold a bachelor's degree or higher.

Population
63,862
Median income
$75,301
Median age
33.6
Renters
27.5%
Age distribution
27.4%
24.3%
26.7%
Under 1827.4%
18–3424.3%
35–5426.7%
55–6411.4%
65+10.2%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
23.8%
16.2%
65.4%
White23.8%
Black16.2%
Hispanic65.4%
Asian3.1%
Education (25+)
21.8%
26.9%
31.6%
19.7%
No HS diploma21.8%
HS diploma26.9%
Some college31.6%
Bachelor's+19.7%
Housing tenure
72.5%
27.5%
Owner72.5%
Renter27.5%

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

2021 vs 2026

How ZIP 85041 in Phoenix, AZ has changed in 5 years

Rent
$1,749 → $2,178
up 24.5%
Income
$59,416 → $75,301
up 26.7%
Population
62,369 → 63,862
up 2.4%
Renter share
27.6% → 27.5%
-0.1 pts
Bachelor's+
17% → 19.7%
+2.7 pts
Median age
32.7 → 33.6
+0.9 yrs

Compared with 2021, rent in ZIP 85041 in Phoenix, AZ has increased by $429 per month, settling near $2,178 after starting the period at $1,749. Local incomes tracked alongside that move, going from a median of $59,416 in 2021 to $75,301 more recently. Headcount in the area went from 62,369 to 63,862 between 2021 and 2024, a 2.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17% to 19.7%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85041 in Phoenix, AZ market of 2021.

Community

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About renting in ZIP 85041

Last updated: October 17, 2026

ZIP code 85041 covers Phoenix, AZ. The median rent here is $2,178/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,670/mo.

At 35% of local median household income ($75,301/yr), ZIP 85041 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85041?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (about $42/hour full-time) to afford the median rent of $2,178/mo in ZIP 85041. The local median household income is $75,301/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 85041?

Rent in ZIP 85041 has risen 0.8% over the past year as of September 2026. It sits 0.2% below its high of $2,183 in February 2025.

When is the cheapest time to rent in ZIP 85041?

Asking rents in ZIP 85041 are usually lowest in December, about 1% below their yearly trend, and highest in August, about 1% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 85041?

Yes. From 2019 to 2024, rent in ZIP 85041 rose 54.3% while median household income rose 38.1%, from $54,546 to $75,301. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 85041 compare to other ZIPs in Arizona?

ZIP 85041 is one of the pricier among Arizona ZIP codes for rent, ranking #24 of 183 at $2,178/mo. Over the year to September 2026, rent in ZIP 85041 changed +0.8%, against a typical +1.6% across the 171 Arizona ZIP codes Zillow tracks.

How does ZIP 85041 compare to the rest of Phoenix?

At $2,178/mo, ZIP 85041 is $607 above the Phoenix citywide median of $1,571/mo. It is the 38th cheapest of 43 ZIP codes in Phoenix.
Income Affordability
35%
MODERATE

At $2,178/mo, rent takes ~35% of ZIP 85041's median household income ($75,301/yr). The standard benchmark is 30%.

ZIP 85041 35%Benchmark 30%
State income tax2.5%
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