Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – November 2025
“Over the past year, the rental market has moved firmly in favor of renters.“
“Deals remain common: Nearly two in every five listings included a concession, illustrating the bargaining power that renters have in today’s market.”
Typical Rent: $1,745 (-0.6% change year over year)
Single Family: $2,241 (1.0% increase year over year)
Multifamily: $1,503 (-2.1% change year over year)
Observed Rent Index – Phoenix
Single Family vs. Multifamily – Phoenix
Observed Rent Index – United States
