ZIP 85050
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
August. Asking rents in ZIP 85050 usually run 0.7% below trend in August and 0.9% above it in May, about $40 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 85050 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 85050 changed +3.1% 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 85050 rose 46.8% while median household income rose 48.1% ($94,450 to $139,836). Income kept ahead of rent.
Rent in ZIP 85050 is 45.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($139,836) is $3,496 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,470); a 4-bedroom is $3,850.
40th cheapest of 43 ZIP codes in Phoenix.
ZIP 85054, 3 miles away, rents for 25% less ($1,868/mo), about $7,500 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 85050. 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 85050 (Phoenix, AZ) is majority owner-occupied, has a median income above the national average, 58.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 85050 in Phoenix, AZ has changed in 5 years
Since 2021, the typical rent in ZIP 85050 in Phoenix, AZ has increased from $1,958 to $2,492, a 27.3% change over five years. Local incomes tracked alongside that move, going from a median of $113,020 in 2021 to $139,836 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 6.0% since 2021, moving from about 31,248 residents to roughly 33,118. Renters now make up 20.9% of households, compared with 24.1% five years ago. College-educated residents now make up 58.4% of adults here, versus 55.6% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 85050 in Phoenix, AZ market of 2021.
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Tips for renters in ZIP 85050
Last updated: October 17, 2026
ZIP code 85050 covers Phoenix, AZ. The median rent here is $2,492/mo as of October 2026. A 1-bedroom rents for a median of $2,240/mo. A 2-bedroom rents for a median of $2,600/mo.
At 21% of local median household income ($139,836/yr), ZIP 85050 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.1% over the past year.
Frequently asked questions
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How does ZIP 85050 compare to other ZIPs in Arizona?
How does ZIP 85050 compare to the rest of Phoenix?
At $2,492/mo, rent takes ~21% of ZIP 85050's median household income ($139,836/yr). The standard benchmark is 30%.
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