Encanto / Palmcroft, AZ
April 2026
85007,85009
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $917 – $994 | 2.59% | -6.06% |
| 2-Bedroom | $1,176 – $1,274 | 1.36% | 1.40% |
| 3-Bedroom | $1,701 – $1,843 | -0.15% | -2.30% |
| 4-Bedroom | $2,927 – $3,154 | 0.60% | 7.61% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,069 – $1,124 | -0.29% | -6.23% |
| 2-Bedroom | $1,222 – $1,276 | -4.02% | -5.92% |
| 3-Bedroom | $1,784 – $1,875 | -3.04% | 0.15% |
| 4-Bedroom | $3,020 – $3,206 | 0.69% | 1.44% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $993 – $1,055 | -15.29% | -28.09% |
| 2-Bedroom | $1,584 – $1,689 | -5.30% | -3.11% |
| 3-Bedroom | $1,866 – $1,961 | -0.47% | 0.28% |
| 4-Bedroom | $2,107 – $2,216 | -2.27% | -2.12% |
In the Encanto / Palmcroft (85007, 85009) rental market, median rent for 1-bedroom apartments reached $955 in April 2026, rising by 2.6% month-over-month. Despite this short-term gain, the segment saw a -6.1% year-over-year decrease, highlighting continued downward pressure since last year.
Among 2-bedroom options in Encanto / Palmcroft (85007, 85009), condos/townhomes commanded a median rent of $1,249 but declined by -4.0% month-over-month. Apartments for the same bedroom count posted $1,225, representing a modest 1.4% MoM increase and narrowing the price gap between these property types.
While single-family 4-bedroom homes dropped -2.1% year-over-year to $2,162, Encanto / Palmcroft (85007, 85009) rental trends show 4-bedroom apartments at $3,033, marking a 7.6% YoY surge—making them the top performer in large-unit growth within the submarket.