Apartment Price Drops This Week in Downtown Phoenix - Phoenix, AZ
Biggest Rent Drops in Downtown Phoenix, Phoenix
Data updated: October 15, 2025 at 10:31 AM PDT
Looking for an apartment deal in Downtown Phoenix? We’ve surfaced the biggest rent drops and current trends in this part of Phoenix.
Which listings in Downtown Phoenix have had the biggest price drops in the past week?
Unit 243 at The Met at 3rd and Fillmore, featuring 2 bedrooms and 2 bathrooms, recently saw a price reduction of $411, bringing the rent down to $2083. Meanwhile, Unit 2704 at Altura offers a cozy 1 bed, 1 bath setup, now available for $1599 after a $354 decrease. These deals are definitely worth checking out for anyone looking to save on rent while enjoying quality living spaces.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| The Met at 3rd and Fillmore | 2 beds, 2 baths | $2083 (-$411) | 10/14 |
| Altura | 1 bed, 1 bath | $1599 (-$354) | 10/9 |
| CityScape Residences | 1 bed, 1 bath | $1999 (-$315) | 10/8 |
| The Battery PHX | 1 bed, 1 bath | $1582 (-$177) | 10/14 |
| The McKinley | 1 bed, 1 bath | $1610 (-$139) | 10/11 |
| Moontower Phoenix | 2 beds, 2 baths | $3726 (-$75) | 10/9 |
| Roosevelt Row | 2 beds, 2 baths | $2125 (-$60) | 10/10 |
| 601 Pax | 1 bed, 1 bath | $1391 (-$60) | 10/15 |
| The Continental | Studio, 1 bath | $899 (-$51) | 10/8 |
| Adara | 1 bed, 1 bath | $1499 (-$51) | 10/9 |
What’s the rent trend in Downtown Phoenix?
In downtown Phoenix, the rental market has seen slight fluctuations this past week. Currently, the average rent for a 1-bedroom apartment is $2,142, marking a modest increase from last week’s average of $2,117. On the other hand, 2-bedroom apartments have experienced a slight decrease in average rent, now standing at $2,954 compared to $2,985 last week. Despite these changes, downtown Phoenix remains a vibrant area with a range of rental options.
Top 5 Price Drops This Week
The Met at 3rd and Fillmore – 243
2 beds, 2 baths, 1193 sq ft
Was: $2494 → Now: $2083
Price Drop: $411
Price Changed on: 10/14
Altura – 2704
1 bed, 1 bath, 741 sq ft
Was: $1953 → Now: $1599
Price Drop: $354
Price Changed on: 10/9
CityScape Residences – 1-2204
1 bed, 1 bath, 867 sq ft
Was: $2314 → Now: $1999
Price Drop: $315
Price Changed on: 10/8
The Battery PHX – S314
1 bed, 1 bath, 603 sq ft
Was: $1759 → Now: $1582
Price Drop: $177
Price Changed on: 10/14
The McKinley – 510
1 bed, 1 bath, 600 sq ft
Was: $1749 → Now: $1610
Price Drop: $139
Price Changed on: 10/11
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Note: Pricing, availability, and specials are subject to change. Please check the individual listings for the most up-to-date information.
