113 Cheap Apartments for rent in Fountain Hills, AZ

Last updated September 22 at 6:20AM
16632 E ALMONT Drive
Fountain Hills
Fountain Hills, AZ
Updated September 16 at 9:47AM
3 Bedrooms
$999
Results within 5 miles of Fountain Hills, AZ
Results within 10 miles of Fountain Hills, AZ
16545 Gunsight #102B
Fountain Hills
Fountain Hills, AZ
Updated August 12 at 10:54AM
Studio
$1,000
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Rent Report
Fountain Hills

September 2017 Fountain Hills Rent Report

Welcome to the September 2017 Fountain Hills Rent Report. Fountain Hills rents declined over the past month. In this report, we'll evaluate trends in the Fountain Hills rental market, including comparisons to cities throughout the metro and nation.

Fountain Hills rents declined over the past month

Fountain Hills rents have declined 0.7% over the past month, but have increased 0.3% in comparison to the same time last year. Currently, median rents in Fountain Hills stand at $1,010 for a one-bedroom apartment and $1,260 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in June. Fountain Hills' year-over-year rent growth lags the state average of 4.7%, as well as the national average of 3.0%.

Rents rising across the Phoenix Metro

Throughout the past year, rent increases have been occurring not just in the city of Fountain Hills, but across the entire metro. Of the largest 10 cities that we have data for in the Phoenix metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Mesa has seen the fastest rent growth in the metro, with a year-over-year increase of 6.3%. The median two-bedroom there costs $1,050, while one-bedrooms go for $840.
  • Over the past month, Avondale has seen the biggest rent drop in the metro, with a decline of 0.5%. Median two-bedrooms there cost $1,200, while one-bedrooms go for $970.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,020; rents increased 0.2% over the past month and 4.9% over the past year.
  • Gilbert has the most expensive rents of the largest cities in the Phoenix metro, with a two-bedroom median of $1,370; rents were up 0.6% over the past month and 4.1% over the past year.

Fountain Hills rents more affordable than many large cities nationwide

Rent growth in Fountain Hills has been relatively stable over the past year - some other large cities have seen more substantial increases. Fountain Hills is still more affordable than most large cities across the country.

  • Other cities across the state have seen rents increase, with Arizona as a whole logging rent growth of 4.7% over the past year.
  • Fountain Hills' median two-bedroom rent of $1,260 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 0.3% rise in Fountain Hills.
  • While rents in Fountain Hills remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Las Vegas (+5.2%), and Los Angeles (+5.0%); note that median 2BR rents in these cities go for $1,710, $1,110, and $1,740 respectively.
  • Renters will find more reasonable prices in Fountain Hills than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly two-and-a-half times the price in Fountain Hills.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Phoenix $820 $1,020 0.2% 4.9%
Mesa $840 $1,050 0.4% 6.3%
Chandler $1,040 $1,300 1.3% 5.8%
Glendale $870 $1,090 0.1% 5.2%
Scottsdale $1,020 $1,270 0.5% 4.0%
Gilbert $1,100 $1,370 0.6% 4.1%
Tempe $910 $1,130 0.1% 5.6%
Peoria $1,080 $1,340 -0.2% 4.8%
Surprise $1,070 $1,330 -0.0% 3.5%
Avondale $970 $1,200 -0.5% 2.8%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.