85004 renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in 85004 is about $1,347 per month. This puts it in the 74th percentile compared to the state average cost of rent, which is $1,296. Households in 85004 have a median income of $4,450 per month so the average renter in 85004 is spending roughly 30% of their earnings on housing.
Nationally, and in 85004, home values are the data point most closely correlated with the cost of rent. The median price of a home in 85004 is $345,582 right now, which is higher than nearby zip codes, meaning that rents in 85004 also tend to be higher versus these nearby zip codes.
Higher rent prices are common in the central parts of 85004 while lower rent rates are often available in western areas.
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