Surprise, 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 Surprise, Arizona rental market.
Surprise, Arizona
Average Apartment Rent
$1,702
Y-o-Y Change in Average
Apartment Rent
-0.9%
As of March 2026
Compared to a year ago, Surprise, Arizona apartments have recorded a -0.9% rent decrease.
Surprise, Arizona Average apartment rent trend
Surprise, Arizona Average Apartment Rent
Surprise, Arizona Apartment rent ranges
At 60.34%, apartments priced $1,500 - $2,000 represent the bulk of Surprise, Arizona rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.57%.
Surprise, Arizona Housing tenure**
Renters take up 22% of Surprise, Arizona real estate, occupying a total of 11,427 units, while homeowners live in 41,568 properties.
Median number of rooms of renter-occupied housing units**
5.3
Renter median household income**
$71,092
Average household size of renter-occupied housing units**
2.99
Rental vacancy rate**
7.6%
Surprise, Arizona Renter-occupied housing units by no. of bedrooms**
There are 4,615 rentals in Surprise, Arizona with 3 beds making up the highest share of the market, at 40%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 379 units. Overall, the median number of rooms in Surprise, Arizona homes for rent is 5.3.
Surprise, Arizona Renter-occupied units by age of householder**
Most condos for rent in Surprise, Arizona are occupied by residents in the 35 - 44 years age group (23%), followed by those in the 25 - 34 years age group (22%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 4%.
Surprise, Arizona Renter-occupied housing units by family type**
Surprise, Arizona Renter-occupied housing units by the presence of own children**
A total of 8,010 apartments for rent in Surprise, Arizona, or 70% of all rentals are family households. Additionally, 48% of rental homes include children under the age of 18 – that’s 5,501 units. All in all, the median size of a renter-occupied household in Surprise, Arizona is 2.99.
Surprise, Arizona Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 28% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Surprise, Arizona.
Surprise, Arizona Renter-occupied units by year structure built**
The highest share of Surprise, Arizona apartment rentals, namely 56% or 6,420 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (20%, 2,233 units), and the ones Built 2010 - 2019 (14%, 1,623 units).
Surprise, Arizona Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Surprise, Arizona renters (45%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Surprise, Arizona condos for rent is 2018.
Surprise, Arizona Renter-occupied housing units by vehicles available**
When it comes to transportation options, 40% of Surprise, Arizona renters have 2 vehicles available per household, 34% of them have 1 vehicle available, and 10% have 3 vehicles available.
Surprise, Arizona Means of transportation to work of householders living in renter-occupied housing units**
Surprise, Arizona Geographical mobility in the past year for householders living in renter-occupied housing units**
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 Surprise, 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, 2022 American Community Survey 5-Year Estimates
