Average Rent in Phoenix-Mesa-Chandler, AZ
The Fair Market Rent for a 2-bedroom in Phoenix-Mesa-Chandler, AZ is $1,839 per month, based on HUD data. With a median household income of $84,703, a household would spend 26.1% of income on housing at Fair Market Rent. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,457 |
| 1 Bedroom | $1,583 |
| 2 Bedroom | $1,839 |
| 3 Bedroom | $2,452 |
| 4 Bedroom | $2,720 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $84,703 |
| Rent Burden (2BR FMR / Income) | 26.1% |
| Income Needed for 2BR (30% rule) | $73,560/yr |