Rent by ZIP · Maricopa County
Rent in Phoenix, AZ 85040
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,380 (-9.8% vs FY2026). Renters in this ZIP code pay a median $1,259 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,080 | $1,190 | -9.2% | $972–1,188 | $727 ±$411 |
| 1 bedroom | $1,170 | $1,300 | -10% | $1,053–1,287 | $811 ±$477 |
| 2 bedrooms | $1,380 | $1,530 | -9.8% | $1,242–1,518 | $1,257 ±$103 |
| 3 bedrooms | $1,870 | $2,070 | -9.7% | $1,683–2,057 | $1,359 ±$74 |
| 4 bedrooms | $2,120 | $2,350 | -9.8% | $1,908–2,332 | $2,209 ±$1,258 |
Small Area FMRs for the Phoenix-Mesa-Chandler, AZ MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Phoenix-Mesa-Chandler, AZ MSA, 2 bedrooms: $1,734.
What renters pay in 85040
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 85041 | Phoenix | $1,790 | $1,231 |
| 85042 | Phoenix | $1,690 | $1,680 |
| 85037 | Phoenix | $1,780 | $1,784 |
| 85043 | Phoenix | $1,710 | $1,520 |
| 85044 | Phoenix | $2,030 | $1,886 |
| 85035 | Phoenix | $1,500 | $1,553 |
Fair Market Rents across Maricopa County, AZ · All AZ counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.