How much is rent per person for a Phoenix two-bedroom?

A Phoenix two-bedroom near $1,950 splits to $975 each for two roommates or about $650 a person for three. Because the deposit is capped at one and a half months, the upfront cost is easy to predict and divide too.

How quickly do Phoenix landlords return security deposits?

Fast. Arizona's A.R.S. 33-1321 requires the deposit back within 14 business days of move-out, among the shortest in the nation. Deposits are also capped at one and a half months' rent, so plan and document each roommate's share at move-in.

How to Split Rent in Phoenix, AZ

Phoenix rent has climbed hard. Rapid population growth has pushed prices up across the valley, with the typical two-bedroom now near $1,950 and a one-bedroom around $1,679. The practical effect is that roommates who locked in a multi-year lease a while back may be paying noticeably less than someone signing a fresh listing on the same street today.

That gap is worth keeping in mind when you split, because the rent you're dividing might already be a bargain relative to the market. The flip side is that Arizona's tenant laws are unusually clean, which makes the upfront budgeting refreshingly easy to pin down.

Median rent in Phoenix, AZ

Bedroom type	Median monthly rent
1 bedroom	$1,679/mo
2 bedroom	$1,950/mo
3 bedroom	$2,624/mo

Source: HUD Fair Market Rents FY2025 (as of 2024-10).

Fair ways to split the $1,950.00/mo two-bedroom

2 roommates, even$975.00 · $975.00

3 roommates, even$650.00 · $650.00 · $650.00

4 roommates, even$487.50 · $487.50 · $487.50 · $487.50

By income (60 / 40)$1,170.00 · $780.00

By room (larger / smaller, 55 / 45)$1,072.50 · $877.50

Dividing the $1,950 two-bedroom

Two roommates split a Phoenix two-bedroom to $975 each, and three split it to roughly $650 a person. Phoenix's newer complexes often offer near-identical bedrooms, which means an even split is genuinely fair more often here than in cities full of odd pre-war layouts.

Where the rooms do differ, weight the split toward the larger or better-positioned one rather than halving on autopilot. In a desert summer, the bedroom that stays cool or catches less afternoon sun is a real perk, and it's fair for that to nudge the shares apart.

Arizona's tenant-friendly deposit math

Arizona caps security deposits at one and a half months' rent for unfurnished units, so on a $1,950 two-bedroom you can predict the maximum upfront and split it cleanly before move-in. No guessing, no surprise three-month demand.

The state also moves fast on returns: under A.R.S. section 33-1321, the landlord has just 14 business days after move-out to return the deposit, one of the shortest windows in the country. Log each roommate's contribution at the start so that quick refund divides without a scramble.

Local notes for Phoenix renters

Arizona requires landlords to return security deposits within 14 business days of move-out under A.R.S. § 33-1321, one of the shorter turnaround windows in the country.
Arizona law caps security deposits at one and a half months' rent for unfurnished units, making it straightforward for roommates to predict and split the upfront move-in costs.
Phoenix's rapid population growth has pushed rents up significantly in recent years, so roommates locking in a multi-year lease may see meaningful savings relative to new listings in the same neighborhood.

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Questions

How much is rent per person for a Phoenix two-bedroom?: A Phoenix two-bedroom near $1,950 splits to $975 each for two roommates or about $650 a person for three. Because the deposit is capped at one and a half months, the upfront cost is easy to predict and divide too.
How quickly do Phoenix landlords return security deposits?: Fast. Arizona's A.R.S. 33-1321 requires the deposit back within 14 business days of move-out, among the shortest in the nation. Deposits are also capped at one and a half months' rent, so plan and document each roommate's share at move-in.