Rent Your Next Home in 85007 Phoenix

Vetted renter matching for Phoenix's most diverse historic corridor. From craftsman bungalows to Grand Avenue lofts, connect with an 85007 specialist to secure your ideal rental.

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The 85007 Rental Market

As of February 2026, the 85007 ZIP code remains one of the most accessible urban rental markets in Phoenix. The average rent for all property types is approximately $1,275 to $1,401, reflecting a cool market temperature that favors tenants.

Unlike the high-rise density of 85004, 85007 offers unique detached living options. You can find 2-bedroom houses for an average of $1,865 or 1-bedroom apartments starting near $1,050. With nearly 90 active listings and a "somewhat walkable" score of 64, 85007 is perfect for those seeking character and space without the premium downtown price tag.

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Average 85007 Rent (Feb 2026) $1,275 Cool Market Temperature

What Makes 85007 Unique for Renters?

Renters in 85007 enjoy a blend of artistic culture and historic residential charm.

Architectural Variety

Choose from Spanish Colonial Revivals in Encanto-Palmcroft to the creative artist lofts along the Grand Avenue arts corridor.

Affordable Urban Living

Rent in 85007 is significantly lower than the national average, providing high-value living near the State Capitol and downtown employment hubs.

Commuter Convenience

Rated "Good for Transit" (54) and highly bikeable, making it easy to navigate Phoenix without relying solely on a vehicle.

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Renting in 85007: FAQ

What is the typical price for a studio in 85007?

In early 2026, studio apartments in 85007 range from $895 to $1,030, offering some of the most competitive rates in central Phoenix.

Is it better to rent a house or an apartment in 85007?

85007 is unique for its stock of single-family rental homes. While apartments offer traditional amenities, many renters prefer the private yards and historic character of F.Q. Story bungalows.

What is the rental vacancy rate in Arizona?

The 2026 outlook shows a healthy vacancy rate of approximately 8.8% for Arizona, suggesting renters have more leverage and options than in previous years.

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