Phoenix’s North Phoenix Luxury Rental Market Expands with New High-End Communities

The Phoenix metro area continues to see significant growth in luxury residential communities — not just in for-sale homes, but in high-end rental living that blends lifestyle, location, and upscale amenities. One of the most notable trends this year is the introduction of Lumara, a new luxury-oriented apartment community that just opened its doors in North Phoenix.

Developed by Toll Brothers Apartment Living® in partnership with Willton Investment Management, Lumara introduces 456 thoughtfully designed residences with sophisticated interior finishes and resort-style amenities. From gourmet kitchens and private outdoor spaces to dual state-of-the-art fitness centers, rooftop lounges, and multiple pool decks, this community reflects the increasing demand for living spaces that offer both quality and experience — a hallmark of luxury rental environments in the Phoenix area.

What’s underlined by this new development is a broader shift in luxury housing preferences. High-net-worth individuals and professionals relocating to Phoenix are seeking communities that offer both privacy and convenience, with easy access to shopping, dining, entertainment, and commuter routes. The Lumara community is ideally situated near The Shops at Norterra, Happy Valley Towne Center, and major employers, making it an attractive choice for those who want a refined desert lifestyle without sacrificing connectivity.

Additionally, Phoenix’s strong economic growth — supported by an expanding job market and continuous influx of new residents — has encouraged developers to introduce more rental options that speak to both luxury and convenience. With Toll Brothers’ successful portfolio already established in Arizona, including previous multifamily communities in Mesa and Phoenix, this latest addition further solidifies the region’s standing as a thriving hub for premium living experiences.

For buyers and investors, luxury rental communities represent diversified opportunities in a market that continues to evolve. Whether considering investment properties, second homes, or relocation options, affluent clients are finding that Phoenix delivers well-rounded lifestyle appeal and long-term value.

New luxury rental community (Lumara) opened in North Phoenix:
• Phoenix Agent Magazine – Lumara luxury apartment community opens in North Phoenix
🔗 https://phoenixagentmagazine.com/2025/08/01/lumara-north-phoenix/

Official property details and amenities from developer:
• Toll Brothers Apartment Living announcement
🔗 https://www.tollbrothersapartmentliving.com/news/toll-brothers-apartment-living-and-willton-investment-management-announce-the-opening-of-lumara-a-new-luxury-apartment-community-in-phoenix/

Location and broader project context:
• Lumara luxury apartments – developer site
🔗 https://www.lumaraphoenix.com/