Chandler, Arizona Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Chandler, Arizona rental market.
Highlights
An apartment for rent in Chandler, Arizona typically goes for $1,844 per month, while a single-family home for rent in Chandler, Arizona has a monthly cost of around $3,629. Renter-occupied units make up 35% of the local housing market, while the rental vacancy rate in Chandler, Arizona is at 6.1.
Chandler, Arizona
Average Apartment Rent in October 2022
$1,844
Y-o-Y Change in Average
Apartment Rent
0.8%
Average Single-Family Rent in October 2022
$3,629
Compared to a year ago, Chandler, Arizona apartments have recorded a 0.8% rent increase.
Chandler, Arizona |Average apartment rent trend
Chandler, Arizona| Average apartment rent
Chandler, Arizona | Apartment rent ranges
At 65.12%, apartments priced $1,500 - $2,000 represent the bulk of Chandler, Arizona rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 8.39%.
Chandler, Arizona | Housing tenure**
Renters take up 35% of Chandler, Arizona real estate, occupying a total of 32,942 units, while homeowners live in 60,945 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$62,938
Average household size of renter-occupied housing units**
2.6
Rental vacancy rate**
6.1%
Chandler, Arizona | Renter-occupied housing units by no. of bedrooms**
There are 12,949 rentals in Chandler, Arizona with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 587 units. Overall, the median number of rooms in Chandler, Arizona homes for rent is 4.3.
Chandler, Arizona |Renter-occupied units by age of householder**
Most condos for rent in Chandler, Arizona are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (24%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Chandler, Arizona | Renter-occupied housing units by family type**
Chandler, Arizona | Renter-occupied housing units by the presence of own children**
A total of 18,759 apartments for rent in Chandler, Arizona, or 57% of all rentals are family households. Additionally, 35% of rental homes include children under the age of 18 – that’s 11,413 units. All in all, the median size of a renter-occupied household in Chandler, Arizona is 2.6.
Chandler, Arizona | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 38% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in Chandler, Arizona.
Chandler, Arizona | Renter-occupied units by year structure built**
The highest share of Chandler, Arizona apartment rentals, namely 27% or 8,945 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (25%, 8,168 units), and the ones Built 1980 - 1989 (22%, 7,286 units).
Chandler, Arizona | Renter-occupied units by year householder moved in**
Median year renter moved into unit2016
Most Chandler, Arizona renters (57%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Chandler, Arizona condos for rent is 2016.
Chandler, Arizona | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Chandler, Arizona renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 9% have 3 vehicles available.
Chandler, Arizona | Means of transportation to work of householders living in renter-occupied housing units**
Chandler, Arizona |Geographical mobility in the past year for householders living in renter-occupied housing units**
Chandler, Arizona | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Chandler, Arizona apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
