Zip codes with the fastest growing rent in Arizona

Written by:
March 24, 2021
realtor.com

Zip codes with the fastest growing rent in Arizona

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Arizona using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#30. 85142 (Queen Creek)

- 1 year rent change: +11.1%
- 5 year rent change: +47.5%
- Typical rent: $1,807
--- 15.9% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 20934 E Ocotillo Rd, Queen Creek 85142 ($1,933)

#29. 85345 (Peoria)

- 1 year rent change: +11.2%
- 5 year rent change: +45.8%
- Typical rent: $1,464
--- 6.1% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 9201 N 83rd Ave, Peoria 85345 ($1,810)

#28. 85340 (Litchfield Park)

- 1 year rent change: +11.3%
- 5 year rent change: +40.3%
- Typical rent: $1,780
--- 14.2% above typical rent in Phoenix, AZ metro

- Pictured (for rent): N 129th Avenue @ Colter St, Litchfield Park 85340 ($1,670)

#27. 85037 (Phoenix)

- 1 year rent change: +11.4%
- 5 year rent change: +47.8%
- Typical rent: $1,478
--- 5.2% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 3223 N Algodon Way, Phoenix 85037 ($1,930)

#26. 85750 (Tucson)

- 1 year rent change: +11.6%
- 5 year rent change: +31.1%
- Typical rent: $1,938
--- 47.0% above typical rent in Tucson, AZ metro

- Pictured (for rent): 5755 E River Rd, Tucson 85750 ($1,010)

#25. 85747 (Tucson)

- 1 year rent change: +11.9%
- 5 year rent change: +38.5%
- Typical rent: $1,528
--- 15.9% above typical rent in Tucson, AZ metro

- Pictured (for rent): 9300 E Valencia Rd, Tucson 85747 ($1,780)

#24. 85297 (Gilbert)

- 1 year rent change: +11.9%
- 5 year rent change: +39.7%
- Typical rent: $1,903
--- 22.1% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 445 E Germann Rd, Gilbert 85297 ($1,874)

#23. 85302 (Glendale)

- 1 year rent change: +12.1%
- 5 year rent change: +46.1%
- Typical rent: $1,506
--- 3.4% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 8150 N 61st Ave, Glendale 85302 ($1,245)

#22. 85737 (Tucson)

- 1 year rent change: +12.4%
- 5 year rent change: +27.1%
- Typical rent: $1,760
--- 33.5% above typical rent in Tucson, AZ metro

- Pictured (for rent): 10700 N LA Reserve Dr, Oro Valley 85737 ($1,323)

#21. 85249 (Chandler)

- 1 year rent change: +12.5%
- 5 year rent change: +35.3%
- Typical rent: $2,088
--- 33.9% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 255 E Chandler Heights Rd, Chandler 85249 ($1,934)

#20. 85323 (Avondale)

- 1 year rent change: +12.6%
- 5 year rent change: +48.5%
- Typical rent: $1,696
--- 8.8% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 102 S 4th Ave, Avondale 85323 ($1,265)

#19. 85310 (Glendale)

- 1 year rent change: +12.8%
- 5 year rent change: +39.1%
- Typical rent: $1,934
--- 24.1% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 3826 W Camino Real, Glendale 85310 ($1,990)

#18. 85396 (Buckeye)

- 1 year rent change: +12.9%
- 5 year rent change: +37.8%
- Typical rent: $1,797
--- 15.3% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 21068 W Main St, Buckeye 85396 ($1,414)

#17. 85379 (Surprise)

- 1 year rent change: +13.3%
- 5 year rent change: +44.5%
- Typical rent: $1,721
--- 10.4% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 15025 W Old Oak Ln, Surprise 85379 ($1,711)

#16. 85339 (Laveen)

- 1 year rent change: +13.3%
- 5 year rent change: +45.7%
- Typical rent: $1,804
--- 15.7% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 5306 W Jessica Ln, Laveen 85339 ($1,960)

#15. 85138 (Maricopa)

- 1 year rent change: +13.4%
- 5 year rent change: +55.1%
- Typical rent: $1,534
--- 1.6% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 36259 W Bilbao St, Maricopa 85138 ($1,799)

#14. 85374 (Surprise)

- 1 year rent change: +13.5%
- 5 year rent change: +45.4%
- Typical rent: $1,588
--- 1.9% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 14155 W Mountain View Blvd, Surprise 85374 ($1,599)

#13. 85338 (Goodyear)

- 1 year rent change: +13.8%
- 5 year rent change: +48.5%
- Typical rent: $1,760
--- 12.9% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 16450 W Van Buren St, Goodyear 85338 ($1,758)

#12. 85143 (San Tan Valley)

- 1 year rent change: +13.9%
- 5 year rent change: +55.8%
- Typical rent: $1,644
--- 5.5% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 2295 E San Manuel Rd, San Tan Valley 85143 ($2,150)

#11. 85009 (Phoenix)

- 1 year rent change: +14.0%
- 5 year rent change: +67.2%
- Typical rent: $1,077
--- 30.9% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 4140 W McDowell Rd, Phoenix 85009 ($1,199)

#10. 85041 (Phoenix)

- 1 year rent change: +14.1%
- 5 year rent change: +53.2%
- Typical rent: $1,736
--- 11.4% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 5405 S 19th Ave, Phoenix 85041 ($1,445)

#9. 85043 (Phoenix)

- 1 year rent change: +14.3%
- 5 year rent change: +55.1%
- Typical rent: $1,649
--- 5.8% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 8223 W Encinas Ln, Phoenix 85043 ($2,220)

#8. 85383 (Peoria)

- 1 year rent change: +14.4%
- 5 year rent change: +36.2%
- Typical rent: $1,995
--- 28.0% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 11903 W Happy Valley Rd, Peoria 85383 ($1,900)

#7. 85140 (San Tan Valley)

- 1 year rent change: +15.3%
- 5 year rent change: +59.6%
- Typical rent: $1,768
--- 13.4% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 40549 N Brumana St, San Tan Valley 85140 ($1,870)

#6. 85335 (El Mirage)

- 1 year rent change: +15.4%
- 5 year rent change: +56.6%
- Typical rent: $1,563
--- 0.3% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 11810 W Columbine Dr, El Mirage 85335 ($1,750)

#5. 85388 (Surprise)

- 1 year rent change: +15.7%
- 5 year rent change: +48.6%
- Typical rent: $1,770
--- 13.5% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 11142 N 165th Dr, Surprise 85388 ($1,650)

#4. 85326 (Buckeye)

- 1 year rent change: +16.0%
- 5 year rent change: +55.3%
- Typical rent: $1,626
--- 4.3% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 25157 W Beloat Rd, Buckeye 85326 ($1,375)

#3. 85353 (Tolleson)

- 1 year rent change: +16.2%
- 5 year rent change: +59.1%
- Typical rent: $1,774
--- 13.8% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 10024 W Kingman St, Tolleson 85353 ($1,925)

#2. 85303 (Glendale)

- 1 year rent change: +17.1%
- 5 year rent change: +74.2%
- Typical rent: $1,671
--- 7.2% above typical rent in Phoenix, AZ metro

- Pictured (for rent): 7111 N 75th Ave, Glendale 85303 ($1,125)

#1. 85122 (Casa Grande)

- 1 year rent change: +20.2%
- 5 year rent change: +54.7%
- Typical rent: $1,414
--- 9.3% less than typical rent in Phoenix, AZ metro

- Pictured (for rent): 700 E Rodeo Rd, Casa Grande 85122 ($1,407)

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