Apartment Price Drops This Week in Phoenix, AZ
Which apartments in Phoenix had the biggest rent drops this week?
Data updated: October 15, 2025 at 10:45 AM PDT
Rents are shifting fast in Phoenix, and we’re here to help you stay ahead. This week’s top price drops reflect some of the best deals we’ve seen in months.
How are rent trends changing in Phoenix?
This week in phoenix, rent prices continued to adjust. Month-over-month, 1-bedrooms rose 0.8% and 2-bedrooms rose 0.8%.
Which apartments dropped in price the most this week?
Unit AUCMMY at Portola North Phoenix, featuring 2 beds and 2 baths, recently saw its price reduced by $424, bringing it down to an attractive $975. Meanwhile, Unit 243 at The Met at 3rd and Fillmore also offers 2 beds and 2 baths and experienced a price cut of $411, now available for $2083. These significant price reductions make both options enticing opportunities for those seeking value in the Phoenix rental market.
| Property Name | Unit Description | New Price (Drop) | Drop Date |
|---|---|---|---|
| Portola North Phoenix | 2 beds, 2 baths | $975 (-$424) | 10/12 |
| The Met at 3rd and Fillmore | 2 beds, 2 baths | $2083 (-$411) | 10/14 |
| Onyx Uptown PHX | 2 beds, 2 baths | $2499 (-$410) | 10/9 |
| Seventh | 1 bed, 1 bath | $835 (-$384) | 10/13 |
| Altura | 1 bed, 1 bath | $1599 (-$354) | 10/9 |
| CityScape Residences | 1 bed, 1 bath | $1999 (-$315) | 10/8 |
| Mason Oliver Apartments | 1 bed, 1 bath | $1406 (-$214) | 10/10 |
| The Hawthorne | 2 beds, 2 baths | $1300 (-$210) | 10/11 |
| Palm Desert | 2 beds, 2 baths | $1287 (-$188) | 10/14 |
| The Battery PHX | 1 bed, 1 bath | $1582 (-$177) | 10/14 |
What neighborhoods have the most units dropping in price?
Looking for a great deal on a home in Phoenix? Check out Downtown Phoenix and the Central Avenue Corridor, two vibrant neighborhoods with plenty of opportunities to snag a bargain! Downtown Phoenix, known for its bustling arts scene and lively atmosphere, currently has 12 listings with recent price drops. Meanwhile, the Central Avenue Corridor, celebrated for its charming tree-lined streets and eclectic dining options, features 8 listings with reduced prices. Whether you’re drawn to the urban energy of Downtown or the historic charm of the Central Corridor, there’s never been a better time to explore these areas and find your perfect home at a more affordable price.
| Neighborhood | Listings |
|---|---|
| Downtown Phoenix | 12 |
| Central Avenue Corridor | 8 |
| Mountain Park Ranch | 3 |
| La Mancha | 2 |
| Medlock Place | 2 |
| Booker T. Washington | 2 |
| Arcadia | 2 |
| Alta Vista | 2 |
| Ahwatukee | 2 |
| Lake Biltmore Village | 1 |
These rent drops are combined with specials!
These listings not only dropped in price — they’re also offering incentives like weeks of free rent or look & lease bonuses.
| Property | Description | Special |
|---|---|---|
| The Met at 3rd and Fillmore | 2 beds, 2 baths, -$411 | 6 Wks Free Rent |
| Onyx Uptown PHX | 2 beds, 2 baths, -$410 | 5k off or free rent |
| Altura | 1 bed, 1 bath, -$354 | $1000 off rent |
| CityScape Residences | 1 bed, 1 bath, -$315 | 8wks free rent |
| Mason Oliver Apartments | 1 bed, 1 bath, -$214 | 12 wks free rent |
| The Hawthorne | 2 beds, 2 baths, -$210 | 4Wks Free* |
| Palm Desert | 2 beds, 2 baths, -$188 | 1 mo free Oct |
| The Battery PHX | 1 bed, 1 bath, -$177 | 8wk free rent |
Want to keep up with future price changes?
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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.
