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% …
Continue reading “April 2025 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – March 2025 “limited options and high costs in the for-sale market are causing potential home buyers to delay their purchases, leading many to seek single-family rentals as an alternative. .” Typical Rent: $1,841 (1% increase year over year) Single Family: $2,326 …
Continue reading “March 2025 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – February 2025 “Demand for single-family rentals is expected to remain strong until affordability in the sales market improves.” Typical Rent: $1,812 (1% increase year over year) Single Family: $2,298 (2% increase year over year) Multifamily: $1,550 (-0% change year over …
Continue reading “February 2025 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – January 2025 While most metros are seeing rent growth, landlords are increasingly offering concessions to attract renters, with more than 41% of Zillow rental listings featuring incentives in January — a record high in Zillow data. Typical Rent: $1,794 (.08% …
Continue reading “January 2025 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – December 2024 Concessions continue to break records, with nearly 41% of all Zillow rental listings offering freebies in December. Typical Rent: $1,791 (1.0% increase year over year) Single Family: $2,254 (2.8% increase year over year) Multifamily: $1,539 (-0.8% change year …
Continue reading “December 2024 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – November 2024 The share of rental listings on Zillow offering a concession set a new record at 38.6% in November — the highest share in Zillow data beginning in April 2019. However, the increase from the prior month was only …
Continue reading “November 2024 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – October 2024 Renters Gain an Edge as October Slows Beyond Seasonal Expectations. Concessions hit record high while renter competition hits record low. Typical Rent: $1,840 (0.8% increase year over year) Single Family: $2,288 (2.4% increase year over year) Multifamily: $1,580 (-0.6% …
Continue reading “October 2024 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – September 2024 Typical Rent: $1,863 (1.0% increase year over year) Single Family: $2,310 (2.4% increase year over year) Multifamily: $1,600 (-0.3% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
Continue reading “September 2024 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – August 2024 Typical Rent: $1,868 (0.9% increase year over year) Single Family: $2,326 (2.0% increase year over year) Multifamily: $1,607 (-0.2% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
Continue reading “August 2024 Rental Market Update – Phoenix”
Rental activity and trends for the Phoenix Metro area as reported by Zillow Research – July 2024 Typical Rent: $1,884 (0.8% increase year over year) Single Family: $2,337 (2.4% increase year over year) Multifamily: $1,624 (-0.3% change year over year) Observed Rent Index – Phoenix Single Family vs. Multifamily – Phoenix Observed Rent Index – …
