RentData

Average Rent in Sierra Vista, AZ Rents rising 12.6% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 125,458

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Sierra Vista, AZ has rental prices ranging from $854/month to $2,017/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,085/month — 22% below the national average of $1,400/month. With a median household income of $58,970/year, spending $1,085/month on a 1-bedroom represents 22% of gross income — within the recommended 30% threshold.

How Sierra Vista Compares

With an average 2-bedroom rent of $1,201/month, Sierra Vista ranks #10 most expensive of the 15 cities tracked in Arizona — pricier than 82% of all US cities in our data.

The Sierra Vista Rental Market

The Sierra Vista, AZ area has a population of about 125,458 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Sierra Vista, AZ have risen by $134/month (12.6%) over the past year, from $1,067 to $1,201. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Sierra Vista, AZ without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $43,400. The local median household income of $58,970 exceeds that threshold by $15,570, making Sierra Vista relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Sierra Vista, AZ is $302,590, giving a price-to-rent ratio of 21.0. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$854
Affordable
1 Bedroom
$1,085
Affordable
2 Bedrooms
$1,201
12.6% YoY
Affordable
3 Bedrooms
$1,683
Average
4 Bedrooms
$2,017
Expensive
🔔
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Median Home Value
$302,590
Source: Zillow ZHVI
Est. monthly payment
$1,611/mo
20% down · 30yr · 7%

Is Sierra Vista, AZ Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Affordability Index(30% income rule)

To rent a 2BR
$48,040/year
Local median income: $58,970
To buy a median home
$64,420/year
US national median: $75,000
💡 Based on a 2BR rent of $1,201/month and 20% down on a $302,590 home at 7% rate.

Nearby Cities in AZlargest metros in the state

CityStudio1BR2BR3BRHome Value
Phoenix$1,530$1,679$1,950$2,624
Tucson$941$1,052$1,373$1,924
Prescott Valley$1,101$1,293$1,606$2,216
Prescott$733$894$1,103$1,537
Lake Havasu City$1,051$1,051$1,357$1,883
Yuma$1,043$1,050$1,377$1,877

Rent or Buy in Sierra Vista?

Break-even analysis and mortgage estimates based on local market data.

Should I Rent or Buy?

Break-even analysis using real Sierra Vista data

$
Home Value
$302,590
2BR Rent
$1,201/mo
Mortgage Rate
7%
Monthly P&I
$1,611/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,228/movs rent: $1,201/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $302,590 home at 7% rate

20% — $60,518
3%50%
Estimated Monthly Payment
$1,611
per month · 30 years · 7% APR
Loan Amount
$242,072
Total Paid
$579,784
Total Interest
$337,712
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Sierra Vista

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Frequently Asked Questions

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🏘️Neighborhoods in Sierra Vista

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⚖️Rent vs Buy in Sierra Vista

Is it cheaper to rent or buy here?

💵Rent Affordability in Sierra Vista

Salary needed to afford rent here

🗺️All Cities in AZ

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📋AZ Tenant Rights

Deposit limits, eviction laws & renters protections