$2,400 Per Month
- 2 Beds
- 2.5 Baths
- 1,330 Sq Ft
- Townhouse for Rent
123 N Washington St Unit 27, Chandler, AZ 85225
123 N Washington St Unit 27, Chandler, AZ 85225
Frequently Asked Questions
How much does it cost to rent a townhouse in Chandler, AZ?
The median rent for a townhouse in Chandler, AZ is $2,200 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Chandler, AZ?
To comfortably afford the median rent in Chandler, AZ, a household needs to earn roughly $99,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,495 per month in Chandler, AZ, renters typically need to show $7,485 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Chandler, AZ?
In Chandler, AZ, the price-to-rent ratio is 17.6, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Chandler, AZ are best for renting a townhouse?
The best neighborhood for renting in Chandler, AZ depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a townhouse include Downtown Chandler, Central Ridge, East Chandler, North Chandler and West Chandler, each with its own character and price range.
