123 Luxury Apartments for rent in Gilbert, AZ

Last updated November 17 at 8:15pm UTC
145 W. MELODY CT.
Gilbert
Gilbert, AZ
Updated November 9 at 12:20pm UTC
3 Bedrooms
$1,400
2636 S Sailors Way
Spectrum at Val Vista
Gilbert, AZ
Updated November 12 at 1:22am UTC
4 Bedrooms
$1,675
3172 E. Park Ave.
Higley Groves West
Gilbert, AZ
Updated November 17 at 10:56am UTC
3 Bedrooms
$2,200
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November 2017 Gilbert Rent Report

Welcome to the November 2017 Gilbert Rent Report. In this report, we'll evaluate trends in the Gilbert rental market, including comparisons to cities throughout the metro, state, and nation.

View full Gilbert Rent Report
Rent Report
Gilbert

November 2017 Gilbert Rent Report

Welcome to the November 2017 Gilbert Rent Report. In this report, we'll evaluate trends in the Gilbert rental market, including comparisons to cities throughout the metro, state, and nation.

Gilbert rents increase sharply over the past month

Gilbert rents have increased 1.0% over the past month, and are up significantly by 5.0% in comparison to the same time last year. Currently, median rents in Gilbert stand at $1,110 for a one-bedroom apartment and $1,390 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in May. Gilbert's year-over-year rent growth leads the state average of 4.2%, as well as the national average of 2.7%.

Rents rising across the Phoenix Metro

Throughout the past year, rent increases have been occurring not just in the city of Gilbert, 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.

  • Gilbert has the most expensive rents in the Phoenix metro, with a two-bedroom median of $1,390; the city has also seen rent growth of 1.0% over the past month, the fastest in the metro.
  • Over the past month, Peoria has seen the biggest rent drop in the metro, with a decline of 1.2%. Median two-bedrooms there cost $1,340, while one-bedrooms go for $1,070.
  • Phoenix proper has the least expensive rents in the Phoenix metro, with a two-bedroom median of $1,020; rents went down 0.2% over the past month but rose 4.1% over the past year.

Many large cities nationwide show more affordable rents compared to Gilbert

As rents have increased significantly in Gilbert, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, Gilbert is less affordable for renters.

  • Rents increased moderately in other cities across the state, with Arizona as a whole logging rent growth of 4.2% over the past year. For example, rents have grown by 3.7% in Tucson.
  • Gilbert's median two-bedroom rent of $1,390 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 5.0% rise in Gilbert.
  • While Gilbert's rents rose significantly over the past year, many cities nationwide also saw increases, including Las Vegas (+4.8%), Seattle (+4.2%), and Albuquerque (+4.0%).
  • Renters will generally find more expensive prices in Gilbert than most large cities. For example, Albuquerque has a median 2BR rent of $870, where Gilbert is more than one-and-a-half times that price.

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% 4.1%
Mesa $840 $1,050 -0.0% 5.0%
Chandler $1,050 $1,310 0.1% 5.9%
Glendale $880 $1,090 -0.0% 4.4%
Scottsdale $1,020 $1,270 0.0% 3.3%
Gilbert $1,110 $1,390 1.0% 5.0%
Tempe $900 $1,120 -0.1% 4.2%
Peoria $1,070 $1,340 -1.2% 2.5%
Surprise $1,080 $1,350 -0.1% 3.4%
Avondale $960 $1,200 -0.4% 2.2%
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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.