Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – April 2025
“Since April 2020, rent for a typical U.S. apartment has increased by 28.7%, to $1,858, while rent for a single-family home increased by 42.9%, to $2,256. ”
Typical Rent: $1,853 (3.4% increase year over year)
Single Family: $2,348 (2.2% increase year over year)
Multifamily: $1,567 (-1.0% change year over year)
Observed Rent Index – Phoenix
Single Family vs. Multifamily – Phoenix
Observed Rent Index – United States
