Here’s the latest rental activity and trends for the Phoenix Metro area for April 2023:
Closed Rental Units: 2,150 (21.20% increase year over year)
Median Lease Rate: $2,150 (2.05% decrease year over year)
Average Lease Rate: $2,284 (0.13% decrease year over year)
Average Days on Market: 35 (40.00% increase year over year)
