ZIP 85043
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 85043 usually run 1.4% below trend in January and 1.3% above it in May, about $52 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85043 is 0.5% below its high of $1,944 in June 2026, at $1,935 as of September 2026.
Rent in ZIP 85043 changed +1.2% over the year to September 2026. Across the 171 Arizona ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 85043 rose 55.3% while median household income rose 49.3% ($52,418 to $78,257). Rent outpaced income.
Rent in ZIP 85043 is 45.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 6 of the last 12 months.
30% of the median household income ($78,257) is $1,956 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,830); a 3-bedroom is $2,440.
36th cheapest of 43 ZIP codes in Phoenix.
ZIP 85035, 3 miles away, rents for 32% less ($1,322/mo), about $7,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85043. 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.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85043 in Phoenix, AZ has changed in 5 years
Compared with 2021, rent in ZIP 85043 in Phoenix, AZ has climbed by $373 per month, settling near $1,935 after starting the period at $1,562. Median household income grew from $57,941 to $78,257 between 2021 and 2024, a 35.1% shift. Income growth outran rent by about 11.2 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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Tips for renters in ZIP 85043
Last updated: October 17, 2026
ZIP code 85043 covers Phoenix, AZ. The median rent here is $1,935/mo as of October 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 1.1% over the past year.
Frequently asked questions
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How does ZIP 85043 compare to the rest of Phoenix?
At $1,935/mo, rent takes ~30% of ZIP 85043's median household income ($78,257/yr). The standard benchmark is 30%.
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