NOVEL Val Vista by Crescent Communities
1727 E Pecos Rd,
Gilbert, AZ 85295
Studio - 2 Beds | $1,475 - $2,757
Rental Market Trends in Gilbert, AZ
What is the average rent in Gilbert, AZ?
$1,611/month
Average Rent
777 Sq Ft
Average Apartment Size
-1.7%
Decrease in the Last Year
As of April 2025, the average rent in Gilbert, AZ is $1,611 per month. For comparison, the national average rent price in the US is currently $1,577/month, which means Gilbert rent prices are 2% higher than the national average. When you rent an apartment in Gilbert, you can expect to pay about $1,487 per month for a studio, $1,611 for a one-bedroom apartment, and around $1,871 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,432 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Gilbert, AZ?
In the past year, rent has decreased by 1.7%, which averages out to $27 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2025
Legend
2024
2025
Rent Ranges in Gilbert, AZ
Last Updated April 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
9%
$1,001 - $1,500/month
64%
$1,501 - $2,000/month
27%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Gilbert?
Based on current rent prices, Downtown Gilbert, The Islands and North Gilbert are the most affordable neighborhoods in Gilbert.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Gilbert?
Based on current rent prices, Agritopia, East Gilbert and South Gilbert are the most expensive neighborhoods in Gilbert.
Neighborhood
Average Rent
Average Sq Ft
Which Gilbert neighborhoods have the most rentals available?
The neighborhoods in Gilbert with the most apartments available are South Gilbert, North Gilbert and The Islands .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Gilbert, AZ?
Because the average rent in Gilbert is $1,611, you’ll want to make about $5,370 per month or $64,440 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Gilbert, AZ is 14.1% higher than the national average. Generally, housing in Gilbert is 28.9% more expensive than the national average, with rent falling between $1,487 - $2,432. You can expect to pay 3.5% more for groceries, 0.8% less for utilities, and 12.1% more for transportation.
How does Gilbert, AZ compare to other nearby cities and neighborhoods?
Use the tool below to compare Gilbert, AZ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$1,574/month
One Bedroom
$1,644/month
$2,070/month
Two Bedroom
$1,687/month
$2,663/month
Three Bedroom
$2,326/month
$3,822/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.