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ZIP Code · AZ

ZIP 85042

Part of Phoenix, AZ
Pop. 45,903·Maricopa County·109th most expensive ZIP in Arizona
Median rent (all units)
$1,691/mo
Year-over-Year
+5.0%
Month-over-Month
+2.0%
vs US Median
-$274
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 85042 · $1,691
More affordable than 59% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,530
2 BR
$1,780
3 BR
$2,370
4 BR+
$2,630
Research median
$1,780/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
$20,292/yr
At $1,691/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.0% YoY, +2.0% MoM), not inventory.
Demographics

Who lives here

ZIP 85042 (Phoenix, AZ) is majority owner-occupied, 34.9% of residents hold a bachelor's degree or higher.

Population
45,903
Median income
$88,717
Median age
34.5
Renters
32.4%
Age distribution
22.6%
28.3%
27.2%
Under 1822.6%
18–3428.3%
35–5427.2%
55–6411.2%
65+10.6%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
33%
14.8%
50.8%
White33%
Black14.8%
Hispanic50.8%
Asian4.1%
Education (25+)
16.7%
19.4%
29.1%
34.9%
No HS diploma16.7%
HS diploma19.4%
Some college29.1%
Bachelor's+34.9%
Housing tenure
67.6%
32.4%
Owner67.6%
Renter32.4%

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

2021 vs 2026

How ZIP 85042 in Phoenix, AZ has changed in 5 years

Rent
$1,275 → $1,691
up 32.6%
Income
$71,722 → $88,717
up 23.7%
Population
45,315 → 45,903
up 1.3%
Renter share
38.4% → 32.4%
-6.0 pts
Bachelor's+
25.3% → 34.9%
+9.6 pts
Median age
33.3 → 34.5
+1.2 yrs

Rent in ZIP 85042 in Phoenix, AZ has increased 32.6% since 2021, going from about $1,275 per month to roughly $1,691 today. Household income in the area moved from $71,722 to $88,717 across the same window, up 23.7% versus 2021. Rent outpaced income growth by roughly 8.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 45,315 to 45,903 between 2021 and 2024, a 1.3% change. About 32.4% of households rent today, against 38.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 25.3% to 34.9%. Reading these numbers side by side helps frame whether current listings in ZIP 85042 in Phoenix, AZ look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 85042

Last updated: July 20, 2026

ZIP code 85042 covers Phoenix, AZ. The median rent here is $1,691/mo as of July 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,780/mo.

At 23% of local median household income ($88,717/yr), ZIP 85042 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85042?

As of July 20, 2026, the median monthly rent in ZIP 85042 (Phoenix, AZ) is $1,691. This is based on aggregated data from public sources and community submissions.

How does ZIP 85042 rent compare to the US average?

ZIP 85042's median rent of $1,691/mo is $274 (14%) below the US national median of $1,965/mo.

How does ZIP 85042 compare to other ZIPs in Arizona?

ZIP 85042 falls in the middle range for Arizona, ranking #109 out of 185 ZIPs at $1,691/mo.

How much income do you need to rent in ZIP 85042?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,691/mo in ZIP 85042. The local median household income is $88,717/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85042?

Rent in ZIP 85042 has increased 5.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 85042 an affordable place to rent?

ZIP 85042 is considered very affordable for renters. At $1,691/mo, rent takes approximately 23% of the local median household income ($88,717/yr). The standard benchmark is 30%. ZIP 85042 falls comfortably within that range.

What percentage of ZIP 85042 residents rent vs. own?

According to Census data, approximately 32.4% of ZIP 85042 households are renters, while 67.6% are owner-occupied. ZIP 85042 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85042 compare to the rest of Phoenix?

ZIP 85042 is pricier than Phoenix as a whole. At $1,691/mo, it's $122 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85042 last updated?

Rent data for ZIP 85042 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,691/mo, rent takes ~23% of ZIP 85042's median household income ($88,717/yr). The standard benchmark is 30%.

ZIP 85042 23%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85042 (Phoenix, AZ)

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