Phoenix-Mesa-Chandler, AZ MSA
FY 2026 HUD Fair Market Rents for the Phoenix-Mesa-Chandler, AZ MSA metro area. Population: 4,864,209.
Fair Market Rents (2026)
Studio
National avg: $893
$1,457/mo
↓ 4.8% YoY
+63% vs US
1 Bedroom
National avg: $959
$1,583/mo
↓ 5.7% YoY
+65% vs US
2 Bedroom
National avg: $1,175
$1,839/mo
↓ 5.7% YoY
+57% vs US
3 Bedroom
National avg: $1,525
$2,452/mo
↓ 6.6% YoY
+61% vs US
4 Bedroom
National avg: $1,756
$2,720/mo
↓ 7.3% YoY
+55% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,530 | $1,457 | $-73 (-4.8%) |
| 1 Bedroom | $1,679 | $1,583 | $-96 (-5.7%) |
| 2 Bedroom | $1,950 | $1,839 | $-111 (-5.7%) |
| 3 Bedroom | $2,624 | $2,452 | $-172 (-6.6%) |
| 4 Bedroom | $2,934 | $2,720 | $-214 (-7.3%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$63,320
$5,277/month gross
Required annual income for 2 BR
$73,560
$6,130/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.