Whether you’re moving here from out of state, relocating from one Arizona region to another, searching for affordable living options, or considering buying an investment property, you may want to know which markets offer cheaper rent. If you’re looking for the cheapest cities to rent in Arizona, look no further than our list!
Living in Arizona comes with so many benefits, from great year-round weather to beautiful places to enjoy on your time off. Healthy living is very doable, the diversity here is fantastic, the economy is strong, and the state is ranked #46 in higher education (According to US News). No wonder people love living in Arizona!
While Arizona may not have too many of the cheapest cities to rent in the U.S. it does have areas where houses rent for less compared to the rest of the state.
Arizona Rental Statistics
Before we dive into the cheapest cities to rent in Arizona, let’s look at a few general rental facts and statistics:
- The average rent in Arizona is about $1,500 per month, compared to $1,100 nationwide
- Across the U.S., rental rates have increased by 31% in the past ten years
- Approximately 109 million Americans reside in rental housing
- The state with the highest number of rental units is California
- About 45.6% of households in Arizona rent their homes
What does all this mean for you? If you are a tenant looking for affordable rentals, you’ll want to know where to find cheaper rent in Arizona.
Cheapest Cities to Rent in Arizona
Here are the Top 5 cheapest cities to rent a house in Arizona, let’s dive in!
1. Sierra Vista
- Population: 43,045
- Median home listing price: $320,350
- Average number of days on the market: 36 days
- Typical home value: $175,035
- Median household income: $59,585
- Average rent price: $938
Home prices are very reasonable in Sierra Vista compared to the rest of the state, which makes investing in rental property here a sound choice. As a result, renters can enjoy lower rates, while investors can make a solid rental income.
- Population: 98,285
- Median home listing price: $260,905
- Average number of days on the market: 36 days
- Typical home value: $136,397
- Median household income: $47,998
- Average rent price: $891
Many are drawn to the region for its affordability and end up staying long-term. Because of its reasonably priced homes and wide range of rent prices, the market moves quickly. Homes tend to stay on the market for an average of 36 days. However, affordable rent can be had here for singles, couples, and families who are drawn to the area for economic sustainability. While not the cheapest city to rent in Arizona, it comes very close.
- Population: 548,073
- Median home listing price: $374,500
- Average number of days on the market: 34 days
- Typical home value: $150,443
- Median household income: $43,425
- Average rent price: $846
Rent is affordable here, which as a result, draws many to the area. Both the real estate and rental markets thrive in Tucson. Homes in this area typically appreciate well in value. Purchasing a home here and renting it out provides a reasonably good return on investment. Tucson stands currently as the cheapest city to rent in Arizona!
4. Casa Grande
- Population: 58,632
- Median home listing price: $375,345
- Average number of days on the market: 35 days
- Typical home value: $146,467
- Median household income: $52,841
- Average rent price: $957
Rent here is affordable, and many people choose to live here instead of in nearby Arizola or Stanfield because of Casa Grande’s reasonable rent price ranges.
Houses here sell at an average pace, being on the market an average of 35 days, but the real estate market is still healthy, and good deals can be found by savvy investors.
- Population: 518,012
- Median home listing price: $414,950
- Average number of days on the market: 29 days
- Typical home value: $217,300
- Median household income: $58,181
- Average rent price: $1,044
While the real estate market here is hot, home prices are relatively affordable. Mesa’s median household income is higher than some of the other cities listed above, so people have a little more income to spend. Rents are also higher here, on average, but the lower range of rent prices is still very affordable.
Mesa offers plenty to do, with a wide range of cultural and recreational offerings.
Cheapest Cities to Rent in Arizona (Final Thoughts)
Which cheapest city to rent in Arizona is calling you? All of these cities have thriving communities, healthy real estate markets, and strong economies.
All of them attract new residents thanks to affordable rent, strong employment opportunities, good public schools, and proximity to outstanding attractions known around the world. Many of these people will be looking for communities that have affordable rent prices and a thriving economy.
Cities like Sierra Vista, Yuma, Tucson, Casa Grande, and Mesa provide some of the best that Arizona has to offer without the high price tags!
Ready to Rent in One of the Cheapest Cities in Arizona?
If you’d like to explore these communities further and see if investing in property in one of these cities is right for you, we invite you to reach out to FastExpert.com. As a company that connects people buying or selling a home with top real estate agents, we can match you with the perfect real estate agent who understands your motivation for investing in Arizona.
We make it easy for you to hire the right real estate agent, and we provide convenient options to easily compare top agents to simplify your selection. Give us a try and discover why over 400,000 happy clients choose FastExpert!