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ZIP Code · AZ

ZIP 85048

Part of Phoenix, AZ
Pop. 34,664·Maricopa County·76th most expensive ZIP in Arizona
Median rent (all units)
$1,822/mo
Year-over-Year
-4.4%
Month-over-Month
-4.4%
vs US Median
-$143
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85048 · $1,822
More expensive than 50% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,335
1 BR
$1,451
2 BR
$1,683
3 BR
$2,242
4 BR+
$2,488
Research median
$1,683/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
$21,864/yr
At $1,822/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 4.4% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-4.4% YoY, -4.4% MoM), not inventory.
Demographics

Who lives here

ZIP 85048 (Phoenix, AZ) is majority owner-occupied, has a median income above the national average, 61.8% of residents hold a bachelor's degree or higher.

Population
34,664
Median income
$122,833
Median age
42.3
Renters
24.6%
Age distribution
22.4%
18.4%
29%
14.9%
15.3%
Under 1822.4%
18–3418.4%
35–5429%
55–6414.9%
65+15.3%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
67.3%
13.6%
White67.3%
Black5.2%
Hispanic13.6%
Asian10.3%
Other3.7%
Education (25+)
12.4%
24%
61.8%
No HS diploma1.8%
HS diploma12.4%
Some college24%
Bachelor's+61.8%
Housing tenure
75.4%
24.6%
Owner75.4%
Renter24.6%

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

2021 vs 2026

How ZIP 85048 in Phoenix, AZ has changed in 5 years

Rent
$1,561 → $1,822
up 16.7%
Income
$102,655 → $122,833
up 19.7%
Population
34,039 → 34,664
up 1.8%
Renter share
29.8% → 24.6%
-5.2 pts
Bachelor's+
56.7% → 61.8%
+5.1 pts
Median age
40.8 → 42.3
+1.5 yrs

The median rent in ZIP 85048 in Phoenix, AZ stood at $1,561 in 2021 and currently runs about $1,822, reflecting a 16.7% increase over the period. Census figures show median household income at $122,833 today, compared with $102,655 five years earlier. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 1.8% since 2021, moving from about 34,039 residents to roughly 34,664. Renters now make up 24.6% of households, compared with 29.8% five years ago. College-educated residents now make up 61.8% of adults here, versus 56.7% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 85048

About renting in ZIP 85048

Last updated: July 20, 2026

ZIP code 85048 covers Phoenix, AZ. The median rent here is $1,822/mo as of July 2026. A 1-bedroom rents for a median of $1,451/mo. A 2-bedroom rents for a median of $1,683/mo.

At 18% of local median household income ($122,833/yr), ZIP 85048 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85048?

As of July 20, 2026, the median monthly rent in ZIP 85048 (Phoenix, AZ) is $1,822. This is based on aggregated data from public sources and community submissions.

How does ZIP 85048 rent compare to the US average?

ZIP 85048's median rent of $1,822/mo is $143 (7%) below the US national median of $1,965/mo.

How does ZIP 85048 compare to other ZIPs in Arizona?

ZIP 85048 falls in the middle range for Arizona, ranking #76 out of 185 ZIPs at $1,822/mo.

How much income do you need to rent in ZIP 85048?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (~$35/hour full-time) to afford the median rent of $1,822/mo in ZIP 85048. The local median household income is $122,833/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85048?

Rent in ZIP 85048 has decreased 4.4% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 85048 an affordable place to rent?

ZIP 85048 is considered very affordable for renters. At $1,822/mo, rent takes approximately 18% of the local median household income ($122,833/yr). The standard benchmark is 30%. ZIP 85048 falls comfortably within that range.

What percentage of ZIP 85048 residents rent vs. own?

According to Census data, approximately 24.6% of ZIP 85048 households are renters, while 75.4% are owner-occupied. ZIP 85048 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 85048 compare to the rest of Phoenix?

ZIP 85048 is pricier than Phoenix as a whole. At $1,822/mo, it's $253 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85048 last updated?

Rent data for ZIP 85048 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,822/mo, rent takes ~18% of ZIP 85048's median household income ($122,833/yr). The standard benchmark is 30%.

ZIP 85048 18%Benchmark 30%
State income tax2.5%
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