Phoenix, AZ
Phoenix, AZ landlord and rental property insurance
Local rental data and insurance guidance for Phoenix property owners. A quote is not a binder.
Owners who rent out property in Phoenix, Maricopa County, are working in a market where 43% of occupied homes are rentals. The city counts about 1,650,070 residents; Arizona as a whole has a renter share of 33%.
Phoenix at a glance for landlords
| Measure | Phoenix | Arizona |
|---|---|---|
| Renter-occupied homes | 43% (260,441) | 33% |
| Median owner-occupied home value | $420,700 | $394,500 |
| Median gross rent | $1,582/mo | $1,543/mo |
| Median year structure built | 1985 | 1992 |
| Homes in 2–4 unit buildings | 6% | 5% |
| Single-family homes (detached or attached) | 65% | 69% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
Insured value and premium context in Phoenix
Homes in Phoenix carry a median value near $420,700 according to the Census, compared with $394,500 statewide. Because land is never rebuilt, many owners find their rebuild estimate differs from that figure in either direction.
If your rental is insured somewhere around Phoenix's median, the closest NAIC benchmark is the $400,000–$449,999 band, where the 2023 Arizona dwelling-fire average was $705. The all-amounts state figure was $636.
How much rent to protect in Phoenix
Median gross rent in Phoenix is about $1,582 a month. A year of lost rent at that level is roughly $18,984 per unit, a useful yardstick when you choose fair rental value coverage.
Older vs. newer rentals in Phoenix
With a median year built of 1985, many Phoenix rentals are reaching the age where original roofs, water heaters, and HVAC units are replaced. Note those dates on your request.
What Phoenix landlords typically own
Roughly 65% of Phoenix homes are single-family, 6% sit in small 2–4 unit buildings, and 26% are in larger apartment buildings. Owners of up to four units can generally use a dwelling fire policy.
Phoenix versus other large Arizona communities
In Mesa, 36% of occupied homes are rented and the median value is $408,000. Chandler has a renter share of 35% with homes valued around $507,800 at the median. Gilbert has a renter share of 27% with homes valued around $575,100 at the median. By renter share, Phoenix is number 5 on our list of 25 Arizona cities. Roughly 26% of homes in Phoenix are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Storm and hazard considerations in Phoenix
Arizona landlords generally plan around monsoon wind and dust storms, extreme heat and cooling-system strain, and flash flooding in washes, which needs separate flood coverage. Those exposures apply in Phoenix as much as anywhere in the state, so confirm deductibles and exclusions before you bind.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Getting a landlord quote in Phoenix
- How much liability and lost rent you want covered
- Street address in Phoenix and number of units
- Year built and roof age
- Lease type and whether the unit is ever empty
- Electrical, plumbing, and heating update years
- Prior carrier, expiration date, and five-year loss history
- Lender name for the mortgagee clause
Request a Phoenix landlord quote
Phoenix landlord insurance questions
What share of Phoenix homes are rentals?
About 43% of occupied homes in Phoenix, roughly 260,441 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Phoenix?
No Arizona law mandates it for Phoenix owners, though lenders, HOAs, and property managers commonly require it.
How much does landlord insurance cost in Phoenix?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Arizona dwelling-fire average of $636; see our Arizona page for the full table.
More landlord pages near Phoenix
Landlord insurance in Arizona · Cost by state
Last updated October 15, 2026. Sources and method: how we research.