129 Apartments under 700 for rent in Mesa, AZ

Last updated September 25 at 6:43AM
1905 N Center St
North Center Street
Mesa, AZ
Updated September 22 at 7:20PM
1 Bedroom
$625
416 N Roca Cir
The Groves
Mesa, AZ
Updated September 24 at 6:09PM
2 Bedrooms
$600
406 N Hill
Mesa
Mesa, AZ
Updated September 24 at 6:09PM
2 Bedrooms
$600
461 W HOLMES Avenue
Mesa
Mesa, AZ
Updated September 25 at 1:47AM
1 Bedroom
$675
Results within 1 miles of Mesa, AZ
151 N Palo Verde Dr
Apache Junction
Apache Junction, AZ
Updated September 23 at 9:58AM
1 Bedroom
$475
Results within 5 miles of Mesa, AZ
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Rent Report
Mesa

September 2017 Mesa Rent Report

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

Mesa rents increased moderately over the past month

Mesa rents have increased 0.4% over the past month, and are up sharply by 6.3% in comparison to the same time last year. Currently, median rents in Mesa stand at $840 for a one-bedroom apartment and $1,050 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in January. Mesa's year-over-year rent growth leads 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 Mesa, 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 grew 0.6% over the past month and 4.1% over the past year.

Mesa rents more affordable than many large cities nationwide

As rents have increased in Mesa, a few large cities nationwide have seen also rents grow more modestly. Mesa is still more affordable than most large cities across the country.

  • Rents also increased in other cities across the state, with Arizona as a whole logging rent growth of 4.7% over the past year.
  • Mesa's median two-bedroom rent of $1,050 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 6.3% rise in Mesa.
  • While Mesa's rents rose over the past year, many cities nationwide also saw increases, including Seattle (+5.4%), Las Vegas (+5.2%), and Los Angeles (+5.0%).
  • Renters will find more reasonable prices in Mesa than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly three times the price in Mesa.

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.