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ZIP Code · AZ

ZIP 85045

Part of Phoenix, AZ
Pop. 7,600·Maricopa County·3rd most expensive ZIP in Arizona
Median rent (all units)
$2,901/mo
Year-over-Year
Stable
Month-over-Month
+5.6%
vs US Median
+$936
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 85045 · $2,901
More expensive than 88% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,190
1 BR
$2,380
2 BR
$2,760
3 BR
$3,680
4 BR+
$4,080
Research median
$2,760/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
$34,812/yr
At $2,901/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +5.6% MoM), not inventory.
Demographics

Who lives here

ZIP 85045 (Phoenix, AZ) is majority owner-occupied, has a median income above the national average, 63.6% of residents hold a bachelor's degree or higher.

Population
7,600
Median income
$153,583
Median age
45
Renters
8.8%
Age distribution
22%
17.2%
30.4%
17.8%
12.6%
Under 1822%
18–3417.2%
35–5430.4%
55–6417.8%
65+12.6%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
58.7%
22.7%
White58.7%
Black4.8%
Hispanic22.7%
Asian9.5%
Other4.3%
Education (25+)
12.5%
22.5%
63.6%
No HS diploma1.4%
HS diploma12.5%
Some college22.5%
Bachelor's+63.6%
Housing tenure
91.2%
Owner91.2%
Renter8.8%

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

2021 vs 2026

How ZIP 85045 in Phoenix, AZ has changed in 5 years

Income
$141,615 → $153,583
up 8.5%
Population
6,645 → 7,600
up 14.4%
Renter share
10.1% → 8.8%
-1.3 pts
Bachelor's+
60.1% → 63.6%
+3.5 pts
Median age
43.9 → 45
+1.1 yrs

Median household income rose from $141,615 to $153,583 between 2021 and 2024, a 8.5% shift. The population has grown by 14.4% since 2021, moving from about 6,645 residents to roughly 7,600. College-educated residents now make up 63.6% of adults here, versus 60.1% in 2021.

Community

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Local insights

Tips for renters in ZIP 85045

About renting in ZIP 85045

Last updated: July 20, 2026

ZIP code 85045 covers Phoenix, AZ. The median rent here is $2,901/mo as of July 2026. A 1-bedroom rents for a median of $2,380/mo. A 2-bedroom rents for a median of $2,760/mo.

At 23% of local median household income ($153,583/yr), ZIP 85045 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85045?

As of July 20, 2026, the median monthly rent in ZIP 85045 (Phoenix, AZ) is $2,901. This is based on aggregated data from public sources and community submissions.

How does ZIP 85045 rent compare to the US average?

ZIP 85045's median rent of $2,901/mo is $936 (48%) above the US national median of $1,965/mo.

How does ZIP 85045 compare to other ZIPs in Arizona?

ZIP 85045 is one of the pricier ZIP codes in Arizona, ranking #3 out of 185 ZIPs tracked at $2,901/mo.

How much income do you need to rent in ZIP 85045?

To keep rent at or below 30% of gross income, you would need to earn at least $116,000/year (~$56/hour full-time) to afford the median rent of $2,901/mo in ZIP 85045. The local median household income is $153,583/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85045?

Rent in ZIP 85045 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 85045 an affordable place to rent?

ZIP 85045 is considered very affordable for renters. At $2,901/mo, rent takes approximately 23% of the local median household income ($153,583/yr). The standard benchmark is 30%. ZIP 85045 falls comfortably within that range.

What percentage of ZIP 85045 residents rent vs. own?

According to Census data, approximately 8.8% of ZIP 85045 households are renters, while 91.2% are owner-occupied. ZIP 85045 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85045 compare to the rest of Phoenix?

ZIP 85045 is pricier than Phoenix as a whole. At $2,901/mo, it's $1,332 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85045 last updated?

Rent data for ZIP 85045 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $2,901/mo, rent takes ~23% of ZIP 85045's median household income ($153,583/yr). The standard benchmark is 30%.

ZIP 85045 23%Benchmark 30%
State income tax2.5%
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Schools nearby

Public schools near ZIP 85045 (Phoenix, AZ)

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