Renting in Arizona? See homes at a payment like your rent
If you already pay rent every month, see which homes have an estimated payment close to what you pay now.
Opens the MABLS home search. Payments shown there are estimates to help you search, not a loan offer or rate quote. Your actual payment depends on price, down payment, credit, taxes, insurance, HOA, and loan program.
Median rent compared with median owner costs
| City | Median gross rent | Median owner costs (with mortgage) |
|---|---|---|
| Phoenix | $1,582 | $1,847 |
| Tucson | $1,145 | $1,482 |
| Mesa | $1,620 | $1,843 |
| Chandler | $1,902 | $2,044 |
| Gilbert | $2,110 | $2,174 |
| Scottsdale | $2,013 | $2,577 |
| Glendale | $1,528 | $1,705 |
| Tempe | $1,743 | $1,828 |
| Peoria | $1,843 | $1,958 |
| Surprise | $2,033 | $1,860 |
| Goodyear | $1,956 | $2,067 |
| Buckeye | $1,963 | $1,887 |
| Queen Creek | $2,210 | $2,389 |
| Avondale | $1,832 | $1,790 |
| Flagstaff | $1,645 | $1,999 |
Source: U.S. Census Bureau QuickFacts (American Community Survey 5-year estimates). Owner-cost medians include people who bought years ago and aren't what a new purchase would cost.
Things to weigh
- Upfront cash: down payment, closing costs, and reserves. Assistance programs may help.
- Ongoing costs: maintenance, HOA dues, and utilities.
- How long you plan to stay.
Opens the MABLS home search. Payments shown there are estimates to help you search, not a loan offer or rate quote. Your actual payment depends on price, down payment, credit, taxes, insurance, HOA, and loan program.
Frequently asked questions
Is it cheaper to rent or buy in Arizona?
It depends on the home, your down payment, and how long you stay. Census medians give context, but search listings for real estimated payments.
Can I buy a home with a payment similar to my rent?
Set your current rent as your budget in the search to see which homes have a similar estimated payment. Estimates aren't a loan offer.