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ZIP Code · AZ

ZIP 85043

Part of Phoenix, AZ
Pop. 41,331·Maricopa County·59th most expensive ZIP in Arizona
Median rent (all units)
$1,943/mo
Year-over-Year
Stable
Month-over-Month
-1.4%
vs US Median
-$19
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85043 · $1,943
More expensive than 57% of US ZIP codes · National median $1,962/mo
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Medians by bedroom

Rent by unit size

Studio
$1,450
1 BR
$1,580
2 BR
$1,830
3 BR
$2,440
4 BR+
$2,720
Research median
$1,830/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: August 17, 2026

Annual cost
$23,316/yr
At $1,943/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (up only 0.1% YoY), so renters have negotiating leverage.
Based on rent-price momentum (+0.1% YoY, -1.4% MoM), not inventory.
Demographics

Who lives here

ZIP 85043 (Phoenix, AZ) is majority owner-occupied, has a large share of families with children, 15.4% of residents hold a bachelor's degree or higher.

Population
41,331
Median income
$78,257
Median age
30.6
Renters
34.4%
Age distribution
31.2%
27.3%
26.3%
Under 1831.2%
18–3427.3%
35–5426.3%
55–648.5%
65+6.6%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
24.4%
72.7%
White24.4%
Black13%
Hispanic72.7%
Asian0.5%
Education (25+)
24.1%
33.6%
26.9%
15.4%
No HS diploma24.1%
HS diploma33.6%
Some college26.9%
Bachelor's+15.4%
Housing tenure
65.6%
34.4%
Owner65.6%
Renter34.4%

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

2021 vs 2026

How ZIP 85043 in Phoenix, AZ has changed in 5 years

Rent
$1,610 → $1,943
up 20.7%
Income
$57,941 → $78,257
up 35.1%
Population
38,938 → 41,331
up 6.1%
Renter share
34.4% → 34.4%
+0.0 pts
Bachelor's+
13.6% → 15.4%
+1.8 pts
Median age
28.4 → 30.6
+2.2 yrs

Compared with 2021, rent in ZIP 85043 in Phoenix, AZ has climbed by $333 per month, settling near $1,943 after starting the period at $1,610. Median household income grew from $57,941 to $78,257 between 2021 and 2024, a 35.1% shift. Income growth outran rent by about 14.4 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 38,938 to 41,331 between 2021 and 2024, a 6.1% change. Taken together, the five-year picture in ZIP 85043 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 85043

Last updated: August 17, 2026

ZIP code 85043 covers Phoenix, AZ. The median rent here is $1,943/mo as of August 2026. A 1-bedroom rents for a median of $1,580/mo. A 2-bedroom rents for a median of $1,830/mo.

At 30% of local median household income ($78,257/yr), ZIP 85043 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85043?

As of August 17, 2026, the median monthly rent in ZIP 85043 (Phoenix, AZ) is $1,943. This is based on aggregated data from public sources and community submissions.

How does ZIP 85043 rent compare to the US average?

ZIP 85043's median rent of $1,943/mo is $19 (1%) below the US national median of $1,962/mo.

How does ZIP 85043 compare to other ZIPs in Arizona?

ZIP 85043 is one of the pricier ZIP codes in Arizona, ranking #59 out of 183 ZIPs tracked at $1,943/mo.

How much income do you need to rent in ZIP 85043?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,943/mo in ZIP 85043. The local median household income is $78,257/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85043?

Rent in ZIP 85043 has been relatively stable over the past year, with a 0.1% change year over year as of August 17, 2026.

Is ZIP 85043 an affordable place to rent?

ZIP 85043 is considered moderate for renters. At $1,943/mo, rent takes approximately 30% of the local median household income ($78,257/yr). The standard benchmark is 30%. ZIP 85043 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 85043 residents rent vs. own?

According to Census data, approximately 34.4% of ZIP 85043 households are renters, while 65.6% are owner-occupied. ZIP 85043 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85043 compare to the rest of Phoenix?

ZIP 85043 is pricier than Phoenix as a whole. At $1,943/mo, it's $376 above the Phoenix citywide median of $1,567/mo.

When was rent data for ZIP 85043 last updated?

Rent data for ZIP 85043 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
30%
MODERATE

At $1,943/mo, rent takes ~30% of ZIP 85043's median household income ($78,257/yr). The standard benchmark is 30%.

ZIP 85043 30%Benchmark 30%
State income tax2.5%
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