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ZIP Code · AZ

ZIP 85054

Part of Phoenix, AZ
Pop. 10,346·Maricopa County·58th most expensive ZIP in Arizona
Median rent (all units)
$1,957/mo
Year-over-Year
-0.8%
Month-over-Month
-1.0%
vs US Median
-$8
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 85054 · $1,957
More expensive than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,434
1 BR
$1,559
2 BR
$1,808
3 BR
$2,408
4 BR+
$2,671
Research median
$1,808/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
$23,484/yr
At $1,957/mo median
Location
StateAZ
CountyMaricopa County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 0.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-0.8% YoY, -1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 85054 (Phoenix, AZ) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 60.4% of residents hold a bachelor's degree or higher.

Population
10,346
Median income
$91,507
Median age
38.5
Renters
63.1%
Age distribution
35.1%
26.8%
18%
Under 1811.4%
18–3435.1%
35–5426.8%
55–648.7%
65+18%
Gender
45.1%
54.9%
Male45.1%
Female54.9%
Race & ethnicity
69.8%
13.2%
White69.8%
Black4.8%
Hispanic13.2%
Asian11.1%
Other1.1%
Education (25+)
27.9%
60.4%
No HS diploma3.8%
HS diploma7.9%
Some college27.9%
Bachelor's+60.4%
Housing tenure
36.9%
63.1%
Owner36.9%
Renter63.1%

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

2021 vs 2026

How ZIP 85054 in Phoenix, AZ has changed in 5 years

Rent
$1,637 → $1,957
up 19.5%
Income
$90,510 → $91,507
up 1.1%
Population
8,131 → 10,346
up 27.2%
Renter share
63.8% → 63.1%
-0.7 pts
Bachelor's+
60.7% → 60.4%
-0.3 pts
Median age
35.6 → 38.5
+2.9 yrs

Since 2021, the typical rent in ZIP 85054 in Phoenix, AZ has increased from $1,637 to $1,957, a 19.5% change over five years. Median household income rose from $90,510 to $91,507 between 2021 and 2024, a 1.1% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 27.2% since 2021, moving from about 8,131 residents to roughly 10,346. Taken together, the five-year picture in ZIP 85054 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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Local insights

Tips for renters in ZIP 85054

About renting in ZIP 85054

Last updated: July 20, 2026

ZIP code 85054 covers Phoenix, AZ. The median rent here is $1,957/mo as of July 2026. A 1-bedroom rents for a median of $1,559/mo. A 2-bedroom rents for a median of $1,808/mo.

At 26% of local median household income ($91,507/yr), ZIP 85054 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 85054?

As of July 20, 2026, the median monthly rent in ZIP 85054 (Phoenix, AZ) is $1,957. This is based on aggregated data from public sources and community submissions.

How does ZIP 85054 rent compare to the US average?

ZIP 85054's median rent of $1,957/mo is $8 (0%) below the US national median of $1,965/mo.

How does ZIP 85054 compare to other ZIPs in Arizona?

ZIP 85054 is one of the pricier ZIP codes in Arizona, ranking #58 out of 185 ZIPs tracked at $1,957/mo.

How much income do you need to rent in ZIP 85054?

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 $1,957/mo in ZIP 85054. The local median household income is $91,507/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 85054?

Rent in ZIP 85054 has decreased 0.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 85054 an affordable place to rent?

ZIP 85054 is considered affordable for renters. At $1,957/mo, rent takes approximately 26% of the local median household income ($91,507/yr). The standard benchmark is 30%. ZIP 85054 falls comfortably within that range.

What percentage of ZIP 85054 residents rent vs. own?

According to Census data, approximately 63.1% of ZIP 85054 households are renters, while 36.9% are owner-occupied. With a majority renter population, ZIP 85054 has a strong rental market.

How does ZIP 85054 compare to the rest of Phoenix?

ZIP 85054 is pricier than Phoenix as a whole. At $1,957/mo, it's $388 above the Phoenix citywide median of $1,569/mo.

When was rent data for ZIP 85054 last updated?

Rent data for ZIP 85054 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,957/mo, rent takes ~26% of ZIP 85054's median household income ($91,507/yr). The standard benchmark is 30%.

ZIP 85054 26%Benchmark 30%
State income tax2.5%
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